The initial public offer (IPO) by InterGlobe Aviation could have been an open-and-shut buying opportunity for investors. The company operates IndiGo Airlines — the country’s largest and most profitable air carrier. The airline seems set to continue its strong growth in the high-potential Indian skies. Also, the asking price for the issue, while not cheap, seems justified. But these pos...
Germany gave Etihad Airways a final deadline to end codesharing on 31 routes with Air Berlin, saying that the UAE carrier must find an alternative solution for the connections by January 15 next year. The decision comes after a court in Braunschweig gave Etihad up until November 8 to end the codeshare agreement. Germany’s transport ministry said Friday it extended the decision f...
Emirates turns 30 on Sunday, and while it has risen to become the world’s largest international airline in that time, its next phase of growth will be more challenging amid increased costs, competition and protectionism in foreign markets, analysts say. It was a relatively modest beginning – a US$10 million budget, a deadline to start operations within five...
Aeroflot will receive 56 international routes of Transaero as compensation of expenses for carrying Transaero passengers Aeroflot can close the gap in international flights after Transaero goes away, Russia’s Minister of Transport Maxim Sokolov said on Friday. "The most important now, when the license is canceled and the company [Transaero] will not make its flights, all our aviat...
Russia and Ukraine will completely terminate all air connections with each other as of October 25 following Ukraine’s decision to close its airspace to all Russian aircraft, including direct and transit flights. Astonishment and disbelief was the Kremlin’s first reaction. "Judging from experience of the past 20 months, we cannot exclude a hypothetical possibility of such acts of i...
The visa relaxation rules for Chinese tourists will bring in more tourists to Malaysia, said Chinese Ambassador to Malaysia Dr Huang Huikang. Commenting on the relationship between Malaysia and China, Dr Huang said both countries had historical, cultural, traditional and blood ties which have surpassed many centuries. "I am promoting Penang aggressively to Chinese businessmen and Chines...
American Airlines Group Inc. reiterated a vow to keep matching discount rivals' ticket prices, extending the domestic fare wars that are sapping revenue. "We know what we're doing and we're extremely comfortable in what we're doing," Chief Executive Officer Doug Parker said Friday on a conference call as analysts questioned the strategy. "We will need to comp...
United Continental Holdings Inc.'s acting Chief Executive Brett J. Hart will be paid an extra US$100,000 in cash a month while he holds the title, according to a regulatory filing. Mr. Hart took over as acting CEO last week, filling in for Oscar Munoz, who had a heart attack on Oct. 15. Mr. Munoz, whose condition is unknown, is on indefinite medical leave. United said earlier Friday that...
Providers of inflight entertainment solutions work hard to innovate and develop products that will enhance the passenger experience in every class. Even so, passengers often lament that the systems they encounter on board are outdated or that their seatback is missing IFE altogether. Part of the reason for this “tech disconnect” is simply that the path to market for new...
Last fall, the International Air Transport Association (IATA) put out a call to all travel startups, alerting them that it had partnered with investment firm Travel Capitalist Ventures to create an ‘NDC Innovation Fund’ to accelerate use of the association's New Distribution Capability standard by investing in the best and brightest new entrants in the space. This week, at IAT...
LIAT, The Caribbean Airline, will reintroduce services between Antigua and Santo Domingo in the Dominican Republic, effective 15 December 2015. LIATwill offer three flights a week, every Tuesday, Thursday and Sunday. Flights depart Antigua at 1015 arriving into Santo Domingo at 1225. The service returns from Santo Domingo at 1320, arriving back into Antigua at 1530. This schedule remains i...
China is considering combining some operations of the nation’s three biggest airlines as part of a broad reform of its state-owned enterprises, sources familiar with the plans said. A plan to merge the cargo operations of Air China Ltd., China Southern Airlines Co. and China Eastern Airlines Corp. has been circulated among regulators for their opinions, the sources said, who asked not to...
