- Moody's Cuts Boeing's Debt Ratings As 737 MAX Problems Deepen[Dec. 19, 2019]
Moody's on Wednesday lowered its rating on Boeing Co's debt and said it sees long-term risk to the company's reputation in the wake of the planemaker's plan to halt production of its best-selling 737 MAX jetliner.
- Brazilian Airline GOL Says Delta Air Exits Stake[Dec. 11, 2019]
Brazil's GOL Linhas Aereas Inteligentes SA said late Tuesday that Delta Air lines Inc has sold more than 32.9 million shares it held in the company, a few months after the Atlanta-based airline announced its decision to exit stake.
- Shares in Brazil Airline Gol Rise 5%, Shares in Smiles Jump 20% after Offer[Dec. 09, 2019]
Shares in Brazil's largest domestic airline Gol Linhas Aereas Inteligentes SA and its loyalty program Smiles Fidelidade rose sharply early on Monday after Gol offered to buy out the minority shareholders in Smiles.
- Lufthansa to Sell Rest of Catering Unit LSG in 2020[Dec. 09, 2019]
Lufthansa will initiate the sale of the parts of its catering unit LSG it is not selling to Switzerland's Gategroup early next year, the German carrier said on Monday.
- Brazil Airline Gol's New Offer for Loyalty Plan Boosts Shares[Dec. 09, 2019]
Brazilian airline Gol Linhas Aereas Inteligentes SA made a fresh bid on Monday to take over its lucrative loyalty program, Smiles Fidelidade SA, lifting shares of both.
- Italy's Atlantia Interested in Relaunch Not Rescue of Alitalia: Paper[Dec. 06, 2019]
Italy's Atlantia is still interested in supporting the relaunch, and not the rescue, of ailing carrier Alitalia, the chairman of the infrastructure group said in an interview on Friday.
- Air France Drops Virgin Stake in Exchange for Tighter Governance[Dec. 04, 2019]
Air France-KLM said on Wednesday it had dropped plans to buy a stake in Virgin Atlantic as the two airline groups combine their transatlantic partnerships with Delta Air Lines into an expanded joint venture.
- Norwegian Air Sells Argentinian Subsidiary to JetSMART[Dec. 05, 2019]
Loss-making budget airline Norwegian Air has sold subsidiary Norwegian Air Argentina (NAA) for an undisclosed sum, with JetSMART Airlines taking control with immediate effect.
- South African Airways in Line for US$272 Million Boost As It Enters Rescue Process -Minister[Dec. 05, 2019]
South African Airways (SAA) is likely to get a 2 billion rand (US$136 million) boost from the government and another 2 billion from existing lenders as it enters rescue proceedings from Dec. 5, a minister said on Thursday.
- Hong Kong Airlines Says It Has Drawn up Plans for Cash Infusion in Fight to Keep Licence[Dec. 04, 2019]
Hong Kong Airlines said on Wednesday it had drafted an "initial cash injection plan" that would allow it to make overdue salary payments on Thursday as the carrier battles to keep flying.