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Sabre buys Radixx in US$110 million deal

Sabre Corporation, the travel technology company based in Southlake, Texas has announced its acquisition of Radixx, the Orlando, Florida-based technology provider to low-cost and retail-focused airlines. Radix was founded in 1993 to leverage the technology industry’s fast-paced advancements, focusing on cloud-based solutions that could be rapidly deployed by airlines. With low-cost carriers holding a 30%

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Swiss grounds fleet of 29 Airbus A220 jets for engine checks

Swiss International Air Lines AG (Swiss), part of the Lufthansa group of companies and based near Basel, Switzerland, has announced that it has been forced to ground its fleet of 29 Airbus 220 jets in order to make engine checks after a technical problem was encountered by one of its jets on a London to

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Thomas Cook subsidiary Condor saved with €380 rescue loan

Condor Flugdienst GmbH (Condor) the German leisure airline and subsidiary of the now defunct Thomas Cook Group, has received approval from the European Commission for a loan from the German government of €380 million (US$418 million) to guarantee the smooth continuation of operations while it looks to shore up its future and battle against a

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Boeing board of directors strips CEO of role as company chairman

In a move that was originally recommended by shareholder advisory firms Institutional Shareholder Services Inc and Glass Lewis six months ago, Boeing’s board of directors has stripped Dennis Muilenburg of his chairmanship title shortly after the plane maker was severely criticized over the development of the 737 MAX. The board has confirmed that it still

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Porsche and Boeing sign MoU to explore premium urban air mobility market

Porsche and Boeing have signed a Memorandum of Understanding to explore the premium urban air mobility market and the extension of urban traffic into airspace. With this partnership, both companies will leverage their unique market strengths and insights to study the future of premium personal urban air mobility vehicles. “Porsche is looking to enhance its

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eSky to acquire Thomas Cook Thomas Cook

Operation Matterhorn completed – 140,000 stranded Thomas Cook travelers repatriated

Fourteen days after Thomas Cook Group was declared bankrupt, leaving over 140,000 holidaymakers stranded abroad, the U.K.s Civil Aviation Authority announced on Monday, October 7, that a flight from Orlando, Florida, carrying 392 passengers and which landed at Manchester Airport at 8.31 a.m. local time, marked the completion of two-week-long Operation Matterhorn. Involving 150 aircraft

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