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Alitalia board of directors approves Air France KLM exchange offer

Air France- KLM submitted a proposal to Alitalia on March 14th, aimed at combining Alitalia and the Air France-KLM Group and acquiring the control of the Italian company. Air France-KLM released that Alitalia board of directors approved unanimously its proposal on March 16th. Such proposal foresees a share exchange offer on Alitalia shares and a cash offer on Alitalia bonds.

Air France-KLM’s offer, conditional on a number of elements, is based on an industrial plan providing for the restructuring and re-launch of Alitalia. It calls for a network organized around the international and intercontinental hub of Rome-Fiumicino, the center for domestic Italian routes and around European and selected inter-continental destinations operating from Milan.

Its membership of the Air France-KLM Group together with the implementation of the plan should enable Alitalia to return to operating profit as early as 2009 and to rapidly move to operating margin levels in line with those of other major European airline companies.

Air France-KLM is proposing to acquire 100% of the capital of Alitalia via an exchange offer with a parity of 1 Air France-KLM share for 160 Alitalia shares, equivalent to 8.7 million Air France-KLM shares for 100pet of Alitalia. The group also proposes to acquire the convertible bonds issued by Alitalia at their current market value of 0.3145 euro per bond, or a total of 608 million euro.

Lastly, Air France-KLM undertakes to underwrite fully a capital increase for a total of 1 billion euro, which will be launched immediately after the closing of the offer and open to all the shareholders of Alitalia. The proceeds of this significant capital increase will be largely directed towards funding the commercial re-launch of Alitalia.

AviaAM Leasing delivers fourth 737-800 BCF to lessee

AviaAM Leasing, a global aviation holding company engaged in tailored aircraft leasing and trading services, has announced another delivery of a 737-800 Boeing Converted Freighter (BCF). This is the fourth aircraft in the passenger-to-freighter (P2F) conversion programme. The newly converted aircraft has joined the fleet of Bluebird Nordic, an Icelandic ACMI leasing and cargo airline.

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New start-up Ascendance Flight Technologies raises €21million

Ascendance Flight Technologies, a start-up dedicated to sustainable aviation, has raised €21 million. These new funds give Ascendance Flight Technologies the resources to fly its full-scale prototype, begin certification and scale-up actions for its first aircraft and help its first clients and partners to reduce the carbon emissions of their aircraft thanks to the company’s

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Sabre teams-up with Plan3 to provide airlines with holistic disruption management

Software and technology provider Sabre Corporation has announced a new agreement with automated airline disruption management solution Plan3 to enable airlines to be more proactive when disruption strikes.    The new alliance will allow Plan3 to draw upon Sabre’s extensive industry reach and deep domain knowledge in airline technology to help accelerate the adoption of its service, while enabling

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Hawaiian Airlines reaches agreement with Gevo to purchases SAF

Hawaiian Airlines has reached an agreement with biofuel company Gevo, to purchase 50 million gallons of sustainable aviation fuel (SAF) over five years. Gevo expects to supply the SAF from a facility to be constructed in the Midwestern United States and begin deliveries to Hawaiian’s gateway cities in California starting in 2029. “This offtake agreement

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Wizz Air Malta adds 50th aircraft to its fleet

Wizz Air has announced the addition of a 50th aircraft to the fleet of its Maltese subsidiary. Established only six months ago, Wizz Air Malta operates 265 routes from Italy, Albania, Austria, and Romania, with a fleet of 50 Airbus A320-family aircraft. The new Airbus A321neo joining Wizz Air Malta’s fleet is the most efficient

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Honeywell and Lufthansa Technik enhance collaboration on digital platform AVIATAR

Honeywell and Lufthansa Technik (LHT) are enhancing their collaboration on Lufthansa Technik’s digital platform AVIATAR to improve the customer experience in aviation analytics. Honeywell Connected Maintenance analytics are now being fully integrated into AVIATAR’s Predictive Health Analytics (PHA) suite, which will grow to more than 100 Predictors for multiple Airbus and Boeing aircraft types. Airline

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Delta Cargo reveals newest cooler at JFK International Airport

Delta Cargo has revealed its newest cooler at John F. Kennedy International Airport. From pharmaceuticals to flowers, perishable goods flying in and out of New York’s John F. Kennedy International Airport will now receive further improved higher-touch handling.   The new, state-of-the-art facility is the largest of its kind at JFK and offers an upgraded experience

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Etihad Airways returns to Kolkata, India

Etihad Airways, the national carrier of the UAE, touched down in Kolkata, India, on March 26, as the airline made its much-anticipated return to the city. With a total of seven-weekly nonstop services, the airline will once again connect India’s financial capital, Kolkata, with the world through Abu Dhabi. The first flight on the new

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Jet Aviation obtains FOCA approval for line maintenance in Zurich

Jet Aviation announced today that it has successfully obtained approval from the Swiss Federal Office of Civil Aviation (FOCA) for its line maintenance repair station in Zurich. The facility is authorised to perform line maintenance on a range of business aircraft. Jet Aviation launched line maintenance in Zurich in May 2022, under a temporary extension

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Brussels Airlines to welcome Dorothea von Boxberg as new CEO

Currently Chairperson of the Executive Board of Lufthansa Cargo AG, Dorothea von Boxberg will shortly become the new CEO of Brussels Airlines. The appointment is subject to a pending resolution by the Board of Directors of SN Airholding. She is due to take up her new position on April 15 this year and will also

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Airbus delivers first A321neo from FAL Tianjin

Airbus has delivered the first A321neo aircraft assembled at its final assembly line Asia (FAL Tianjin) to China’s Juneyao Air in Tianjin, China. The aircraft is powered by Pratt & Whitney GTF  engines and features 207 comfortable seats, eight in Business and 199 in Economy Class. Its delivery flight is to use a ten percent

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