Italian flag-carrier Alitalia said it is confident it will still reach its cash call target of €300 million ($406 million) from shareholders, despite having only €173 million in pledges when the deadline for exercising option rights expired last Thursday.
EgyptAir low-cost subsidiary Air Cairo aims to double its fleet of four Airbus A320s by summer 2014 as it continues to shift its business model from charter flights to a hybrid variant, also offering low-cost scheduled services.
Pegasus Asia, a joint venture formed by Turkish low-cost carrier Pegasus Airlines and Kyrgyz airline Air Manas, said its arrival in Kyrgyzstan has seen airfares in the Central Asian republic drop by as much as 60% as it introduces competition on flight sectors.
You might think the dream of a small, but growing airline would be to be pitched against a weak national flag carrier.
But Marwan Boodai, chairman of Jazeera Airways, would dearly like to see his country’s national airline, Kuwait Airways, become a lot stronger.
The collective market value of publicly traded airlines worldwide has more than doubled since 2009, but is still below pre-2008 financial crisis levels, according to a top industry stock analyst....More