- Norwegian Air Sells Bank Norwegian Stake for US$247 Million[Aug. 19, 2019]
Norwegian Air Shuttle will sell its entire 17.5% stake in banking company Norwegian Finans Holding to Cidron Xingu Limited for 2.22 billion Norwegian crowns (US$246.7 million), the airline said on Monday.
- South Korean Activist Fund KCGI Eyes Stake in Asiana Airlines[Aug. 19, 2019]
South Korea's activist fund KCGI, the second-largest shareholder in the parent company of Korean Air Lines Co Ltd, is interested in buying a controlling stake in rival carrier Asiana Airlines Inc, KCGI Chief Executive Kang Sung-boo told Reuters.
- BOC Aviation Reports 1H 2019 Performance[Aug. 16, 2019]
BOC Aviation Limited is pleased to announce its unaudited results for the six months ended 30 June 2019.
- Brazil Airline Azul Beats Profit Expectations with Focus on Domestic Flights[Aug. 08, 2019]
Brazil's No. 3 airline, Azul SA, beat profit expectations in the second quarter as it doubled down on domestic flights, trimmed an international expansion, and saw a 21% jump in the number of passengers transported that outpaced capacity growth.
- Panama's Copa Airlines Reports Flat Profit Despite Boeing MAX Grounding[Aug. 08, 2019]
Panama's Copa Airlines on Wednesday reported a quarterly profit of US$50.9 million, roughly the same as a year ago, in spite of the prolonged grounding of its most cost-efficient planes, the Boeing 737 MAX, following two deadly accidents.
- SriLankan Airlines to Post Loss of Up to US$160 Million Due to Easter Attacks - CEO[Aug. 07, 2019]
Sri Lanka's state-run airline is set to report a loss of up to US$160 million loss this year, as tourism in the island nation suffers following the Easter bombings, the carrier's chief executive said.
- India's Jet Airways extends deadline for initial bids to Aug. 10[Aug. 03, 2019]
India's Jet Airways has extended the deadline for initial bids for the bankrupt airline to Aug. 10 from Aug. 3, a statement from the company said on Saturday.
- JSC SIA Releases Inaugural Illustrated Yearly Report[Aug. 01, 2019]
Sheremetyevo International Airport presents to the general public and expert community a detailed report on the company's financial and non-financial operating results, implemented development projects and growth prospects.
- Fortune Global 500 Comes Out: No Chinese Airlines[Jul. 24, 2019]
The list of 2019 Fortune Global 500 was formally released on July 22. The gross sales income of the listed 500 companies in total almost reached US$32.7 trillion, up 8.9% year on year. The gross profit set a new record of US$2.15 trillion, up 14.5% year on year.
- Competition Rises in the New Airport, Beijing[Jul. 24, 2019]
Beijing Daxing International Airport is about to open, after 4 years' construction. Resembling a flying phoenix with a bird's eye view, the terminal will welcome its first commercial flight 3 months later.