Bankruptcy proceedings that lasted 7 years on the case of state airline company Estonian Air is finished and two bankruptcy managers for their work will be paid in total 267 000 euro. As bankruptcy managers of the bankrupted at the end of 2015 state airline company Estonian Air the court appointed Toomas Saarma and Andrias Palmits, procedure that lasted several years was finished on January…
Lufthansa wants to acquire share in Italian airline company Ita Airways. It directed to Rome government offer about acquisition of minority share in Alitalia successor-company, informed MDax group in Frankfurt. As sole owner Italian government now has to study question whether to enter exclusive negotiations with Lufthansa for signing final purchase agreement. Lufthansa also want to receive option for acquisition of remaining shares later. Amounts…
American holding company United Airlines Holdings Inc. that is parent company of United Airlines in the fourth quarter 2022 came to profitable level. As press release of the company informs, net profit in October-December made $843 million or $2.55 per one share as compared to the loss on the level of $646 million or $1.99 per share for the similar period of the previous year….
On January 11th Federal Aviation Authority of USA informed about failure of the pilots’ alerting system that could affect all the flights in the country and cause cancellation of the flights. Failure took place in the alerting system NOTAM (notice to air missions) that is responsible for mailing in real time the information to the pilots about dangers of the flight and restrictions. FAA faced…
Philippine authorities apologized for accidental airspace closer on New Year. Civil Aviation Authority of the Philippines (CAAP) took full responsibility and apologized for accidental airspace closer of the biggest airport in the country on New Year. Thousands of travelers “stuck” in the biggest Manila airport on January 1st after failure took place in the energy system, system problem of airspace management and entire air space…
Latvia is the only Baltic country that from 1995 has own national airline company airBaltic. Lithuanian airlines turned bankrupt; Estonia failed to cope with own airline company twice. But airBaltic for the last 27 years is not just continuing to fly but even operates airplanes of new generation. 10 million of carried passengers. 36 units the most modern airplanes Airbus 220-300 with plans to widen…
During the last years government investments in order to save airBaltic made unreal for Latvia amount – 340 million euro. During this time airline company born significant losses, the same tendency kept in 2022. In 2020 losses made 264.8 million euro, in 2021 – 135.7 million but during three months of 2022 – 6.251 million euro. Of course, objective factors such as coronavirus pandemic that…
Airline company airBaltic on December 31st 2022 received new airplane Airbus A220-300 with registration number YL-ABM. This this seventh airplane that was delivered to air carrier in 2021. Totally airBaltic placed order for 50 airplanes Airbus A220-300 and keeps opportunity to place order for 30 more. Till today airBaltic has carried on these airplanes almost 10 500 00 passengers and made more than 120 000…
First delivery of the Chinese regional jet airplane ARJ21 manufactured by aviation company COMAC to international customer took place – it became Indonesian airline company TranNusa. But beneficiary of the air carrier from Indonesia is Chinese lease company. Airplane ARJ21-700 was transmitted to operator in mono-class configuration for 95 seats. Cabin design and painting are made in accordance with customer’s requirements, COMAC informed. The airplane…
British Government announced launch of the first transatlantic flight with zero emissions in 2023. British Government summarized competition results for financing first transatlantic flight with zero emissions level. Winner – airline company Virgin Atlantic – it will have to make first commercial flight between London and New York in 2023. It is informed that one of flagship airplanes of the airline company Boeing 787 will…