Thomas cook has announced a comprehensive restructuring deal that will save the struggling travel agent and airline operator. China’s Fosun Tourism will acquire a 75% stake in the Group Tour Operator and a 25% stake in the Group Airline, which includes German carrier Condor along with U.K., Spanish and Scandinavian operations, for £450 million. Additionally,
Viru Viru International Airport near Santa Cruz de la Sierra is Bolivia’s most important airport. From the end of last week a red and white jumbo jet is taking off up to four times a day from the 3.5-kilometer-long runway. A “Global Supertanker”, the largest fire-fighting aircraft in the world and it is there at
A C-101 training jet has crashed off the Spanish coast near La Manga. The aircraft was believed to have been part of the Patrulla Aguila, Spain’s aerobatic display team equivalent to the U.K.’s Red Arrows. While initial reports stated that the pilot had ejected safely and that there was no-one else on board, Reuters News
With 94.77% of shareholders voting in favour of the sale of Transat to Air Canada at a special meeting, the future of the deal now rests firmly in the hands of regulators. The bid of CA$720 million equates to a figure of CA$17.00 per share for Transat, while the company’s share price dropped 3 percent
Bye Aerospace reports that Quantum Air has signed a purchase deposit agreement for 22 of its all-electric four-seat eFlyer 4s and 2 two-seat eFlyer 2 airplanes. The company also signed a comprehensive agreement that includes two future advanced aircraft under development from Bye Aerospace. Additionally, Bye will join Quantum’s board of advisers. “The future has
328 Support Services the type certificate holder of the Dornier 328 aircraft, has formed a new aircraft original equipment manufacturer, DRA GmbH, founded on the proud heritage of Dornier and Germany’s reputation for engineering design, quality and innovation. Representatives of 328SSG, a wholly owned subsidiary of Sierra Nevada Corporation and the German Federal & State
Cathay Pacific’s chief executive officer Rupert Hogg and chief commercial officer Paul Loo are to step down as the Hong Kong-based carrier struggles with fallout from nearly four months of political protests. Cathay said last week that protests affected its passenger numbers last month and were continuing to “adversely impact” future bookings. “Recent events have
Boeing has delivered the first of eight 787-10 Dreamliner airplanes to Vietnam Airlines via lease from Air Lease Corporation. The Vietnamese flag carrier plans to put the 787-10 – the most fuel-efficient twin-aisle airplane in the industry – on the busiest routes in its expanding network. The new 787-10 will complement Vietnam Airlines’ existing fleet
With Ryanair cabin crew unions in Britain, Ireland and Portugal having already announced plans to strike over the coming weeks, Spanish workers’ unions, SITCPLA and USO, are backing cabin crews’ intentions to hold ten days of strikes on September 1, 2, 6, 8, 13, 15, 20, 22, 27 and 28, unless Ryanair makes suitable concessions
European tourism group TUI has reported a 46% decline in underlying quarterly earnings which it predominantly puts down to the grounding of Boeing’s 737 MAX jet. 10% of the group’s fleet of planes (15 in number) are 737 MAXs, while a further eight of these planes are currently on order, but until the grounding order
