Aegean Airlines has signed a definitive agreement with Marfin Investment Group to acquire Olympic Air for €72 million ($99.2 million) in cash, and the transfer of 100% of Olympic Air shares has been completed.
Separation between two commercially operated Boeing 747s flying over Scotland in June fell to 3.5 nautical miles and 300 ft., according to the UK Airprox Board’s report of incidents assessed at the September 2013 meeting, published at the end of last week.
Thailand’s Ministry of Transport has approved the air operator’s license (AOL) issued last week by the Civil Department of Civil Aviation of Thailand for Thai AirAsia X (TAAX). The new airline is a joint venture (JV) long-haul start-up between low-cost, long-haul carrier AirAsia X and Thai shareholders.
African low-cost start-up Fastjet will launch international services Oct. 18, with a flight from Dar es Salaam’s Julius Nyerere International Airport in Tanzania to Johannesburg’s O.R. Tambo International Airport in South Africa.
The European Union’s Council for Transport, Telecommunications and Energy (TTE) has agreed to extend the mandate of the Single European Sky Air Traffic Management Research (SESAR) Joint Undertaking (JU) until Dec. 31 2024, pending consultation with the European Parliament.
A resolution calling on the European Commission to withdraw new rules on flight time limitations (FTL) for pilots and cabin crew has been voted down by a plenary session of the European Parliament, likely clearing the way for the implementation of new, European Union-wide FTL rules.
Eleven months into its duty to examine the UK’s airport capacity requirement, the government-appointed Airports Commission has given early indications it believes additional capacity is required in the form of new runways in the southeast of England.
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