Rising from the ashes of the now defunct Italian flag-carrying airline Alitalia, Italia Transporto Aero (ITA) has been given the all-clear by EU competition regulators to launch as a new Italian carrier but without having to repay some €900 million in illegal state loans granted to Alitalia. ITA will begin operations with approximately half of
easyJet has announced that it has rejected a bid from Hungarian low-cost carrier Wizz Air. Instead, Europe’s second-largest low-cost carrier behind Ryanair has opted to raise a further US$1.7 billion from shareholders as it looks to bounce back from the effects of the pandemic on the aviation industry. Commenting on the potential all-share deal, easyJet
A Delaware, U.S. judge has ruled that certain shareholder claims against Boeing can be pursued, while dismissing others, in relation to the two 737 MAX crashes which killed 346 passengers and crew. In the ruling in the Court of Chancery, Vice Chancellor Morgan Zurn said that the first of the two crashes was a “red
Flag-carrying Philippine Airlines has filed for Chapter 11 bankruptcy protection in the U.S. and while debt restructuring and financial reorganization take place, the troubled carrier does not see the arrival at a viable solution by the end of this year. Like many carriers worldwide, Philippine Airlines has been badly hit by the effects of the
After months of heavy negotiations, Irish low-cost carrier and one of Boing’s largest customers, Ryanair, has walked away from the table without placing a new order which was projected to be in the order of 250 of the 230-seat 737 MAX 10 model. The deal would have been worth approximately US$33 billion before any anticipated
The International Air Transport Association (IATA) has released figures for the air cargo industry for the month of July with demand in cargo ton kilometre (CTK) terms increasing by 8.6% compared with the same month in 2019 (pre-COVID levels.) Capacity in available CTK in July was down 10.3% compared to the same period in 2019.
Willie Walsh, Director General, International Air Transport Association, has identified governments’ refusal to allow unrestricted travel, particularly for those passengers who are fully vaccinated. Commenting on travel demand for the month of July, 2021, Walsh said: “July results reflect people’s eagerness to travel during the Northern Hemisphere summer. Domestic traffic was back to 85% of
Aircraft leasing company Griffin Global Asset Management is expanding its commercial aircraft portfolio with five new Boeing 737-8 jets. The purchase is Griffin’s first direct order with Boeing as it sees strategic opportunities to place the airplanes during the market recovery. “As market conditions rebound, we are finding opportunities to serve our airline customers in
Jet2.com has placed an initial order for 36 A321neos making the Leeds, U.K.-based airline, a new Airbus customer and a new Airbus A320neo-family operator. The order reflects Jet2.com’s ambitious fleet expansion and renewal plans. Engine selection will be made at a later date. The aircraft will be configured for 232 seats with an airspace cabin
Boeing and Ethiopian Airlines Group (Ethiopian) have signed a memorandum of understanding (MoU) that aims to position Ethiopia as Africa’s aviation hub – “Ethiopia for Africa”. The intention is to create a world-class aviation partnership, and to achieve their shared vision, there will be four areas of strategic collaboration: Industrial Development, Advanced Aviation Training, Educational
