According to Expansion (the Spanish financial newspaper), after two unsuccessful attempts, IAG, is outlining a third offer, this time €1.520 billion (US$1.778 billion) for Norwegian Air Shuttle ASA (Norwegian), a proposal that values the carrier’s shares at NOK330 (US$40.6), which represents a 32% increase over last Friday’s share price. On Tuesday May 22, Norwegian‘s share
Ryanair has reported a 10% increase in full year profit after tax to €1.45bn, as lower fares (down 3%) stimulated 9% traffic growth to over 130m guests and 95% load factor. Average fares last year declined by 3% and traffic grew 9% to over 130m with Germany, Italy and Spain being the 3 largest growth
Satair’s UK operation has benefited from a multi-million pound investment programme, resulting in the opening of a brand new facility close to London’s Heathrow Airport. The new facility, at Space Waye, North Feltham Trading Estate, became fully operational on March 19 and has six times the area and 11 times the cubic capacity of the
The Saxon aircraft construction supplier Cotesa has been taken over by a Chinese group. A hanging game for companies and employees is over: The supplier from Saxony wants to grow among the new owners. The investors are backed by a Chinese state-owned corporation. The transaction has also prompted the Ministry of Economics. To date, Cotesa
Dubai Aerospace Enterprise (DAE) has signed a landmark unsecured four-year revolving credit facility with an initial commitment of US$480 million and an accordion feature that allows the facility to be increased to up to US$800 million at any time after the initial closing. The facility includes both conventional and Islamic tranches and will support the
Singapore Airlines’ (SIA) regional wing, SilkAir, is to undergo a significant investment programme to upgrade its cabin products as part of a multi-year initiative that will ultimately see it merged into SIA. The programme will comprise investment of more than SG$100 million to upgrade the wholly owned subsidiary’s cabins with new lie-flat seats in Business
easyJet’s first half 2018 passenger numbers increased by 3.0 million to 36.8 million, including 0.7 million from easyJet’s new Berlin Tegel operations launched in January. Capacity increased by 7.8% as easyJet grew its existing network by 4.6% and added an additional 1.2 million seats at Tegel. Load factor grew by 0.9 points to 91.1% (91.9%
Fly Leasing, a global leader in aircraft leasing, has announced that all agreements relating to FLY’s acquisition of 55 Airbus narrow-body aircraft and seven CFM engines on operating lease, and the option to purchase an additional 20 Airbus A320neo family aircraft, were approved by the shareholders of AirAsia Group Berhad (“AirAsia”) at their extraordinary general
Air France-KLM, Delta Air Lines and Virgin Atlantic Limited have signed definitive agreements paving the way forward for their expanded trans-Atlantic joint venture: The Joint Venture Agreement signed between Air France-KLM, Delta and Virgin Atlantic sets out the governance as well as the commercial and operational terms of the expanded trans-Atlantic Joint Venture. Upon completion,
The UK air traffic management service provider, NATS, has announced it has invested in Aireon, the company pioneering a space-based air traffic surveillance service set to revolutionise the aviation industry. Through a network of 66 low earth orbiting Iridium® NEXT satellites, AireonSM will monitor the location of Automatic Dependent Surveillance-Broadcast (ADS-B) equipped aircraft flying anywhere
