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Brazil Considers Raising Foreign Investment Limit On Airlines

Posted By Tony Sanchez / Airlines / 0 Comments

February 29, 2016 Brazil plans to propose to Congress in the first half of the year an increase in the foreign ownership of local airlines, in a move to help the struggling sector. Read More

Stelios Calls For Removal Of Fastjet CEO

Posted By Tony Sanchez / Airlines / 0 Comments

February 29, 2016 Stelios Haji-Ioannou, one of the major shareholders in Fastjet, has called for an investor meeting for the immediate dismissal of the African budget carrier’s founder and chief executive Ed Winter. Read More

IAG Cargo focuses on new year

Posted By Tony Sanchez / Airlines / 0 Comments

February 29, 2016 Referencing 2015’s challenging market conditions, IAG Cargo reported just over €1 billion in cargo revenue for 2015, which was up 3.2 percent year-over-year. Yield was down 4 percent compared to 2014 while capacity was up 3 percent. Read More

Brazil to propose raising foreign stake in local airlines -official

Posted By Tony Sanchez / Airlines / 0 Comments

February 29, 2016 The Brazilian government plans in the first half of the year to propose to Congress an increase in the foreign ownership of local airlines, which could include a two-stage hike, Interim Aviation Minister Guilherme Ramalho told Reuters on Monday. Read More

Brazil airline Gol to get $251 mln cash injection, trim routes

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February 27, 2016 Brazil’s second biggest airline Gol Linhas Aereas Inteligentes SA said it will get a cash injection of up to 1 billion reais ($251 million) and announced cuts to its routes and aircraft fleet in an effort to trim costs amid weak demand. Read More

IAG Reports 65 Percent Profit Growth For 2015

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February 26, 2016 IAG reported a 65 percent rise in annual profit at EUR€2.3 billion and said for 2016 it expected a further profit increase as it benefits from lower fuel costs. Read More

Nok Air Posts Net Loss, Hit By Pilot Shortage

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February 26, 2016 Thai budget carrier Nok Air has reported a net loss for a second consecutive year, hit by fierce competition, a shortage of pilots which forced it to curtail flights, and losses at joint venture NokScoot. Read More

Two Die In Nepal’s Second Plane Crash In Two Days

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February 26, 2016 Two people were feared dead after a small plane crashed in western Nepal on Friday, just days after 23 people were killed in a similar accident in the Himalayan nation. Read More

Airlines concerned that Zika virus may be impacting travel: IATA CEO

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February 25, 2016 A number of airlines have expressed concern that the rapidly spreading Zika virus may be affecting travel, the International Air Transport Association’s Director General and CEO Tony Tyler told reporters on Thursday. Read More  

South Africa Mulls Merging State-Owned Airlines

Posted By Tony Sanchez / Airlines / 0 Comments

February 24, 2016 South Africa will explore merging two state-owned airlines, South African Airways and SA Express, and seek a minority equity partner for the company. Read More