Etihad Airways appears close to making a final decision as to whether or not to buy an equity stake in Alitalia. Speaking during a March 3 conference call about the Abu Dhabi-based airline’s latest quarterly financial results, CEO James Hogan confirmed that Etihad has entered the final stage of due diligence in evaluating the struggling Italian flagcarrier.
Talks between Cambodian telecommunications, banking and property tycoon Kith Meng and Philippine Airlines (PAL) over a new Cambodian flag carrier called Cambodia Air have intensified following their failure to realize plans to close on a deal on October 15.
On April 25, PAL’s board agreed to acquire a 49-percent stake in Cambodia Air, now solely owned by Meng’s company, Inter Logistics (ILC).
Africa’s airlines need to wake up to competition from outside the continent, form alliances that allow players both big and small to interact for the greater good, and realize that governments are often no longer interested in protecting domestic carriers (as they see economy-boosting tourist arrivals as a more important priority), according to Nick Fadugba, CEO of African Aviation Services.
Etihad Airways will take a 49-percent stake in Serbian national airline JatAirways under the terms of a deal with the government of Serbia announced Thursday that includes the award of a five-year management contract to Etihad. The deal also calls for Abu Dhabi-based Etihad to match a $40 million capital injection in the airline by the Serbian government with a loan facility that would convert into equity on January 1 of next year.
Regional airlines serve a vital purpose all over the world even where they mix with low-cost carriers. In the depths of southern Africa, one such carrier based in the landlocked country of Zambia is proving that a country with vast areas, connected by relatively poor roads and almost no rail connections, does need scheduled services to help its economy function. Proflight has survived in a country that saw national carrier Zambia Airways disappear in 1994, and the smaller replacement, Zambian Airways, went out of business in 2009.
Are U.S. aviation safety ratings of foreign countries meaningless?
Russia’s action against Finland’s national carrier, Finnair, significantly raises the stakes in the standoff between the European Union (EU) and opponents of its emissions trading scheme (ETS). The European Commission (EC) protested the move, saying that Russia is now in breach of its obligations as a new member of the World Trade Organization.
Europe’s regional airlines continue to struggle against European Commission (EC) bureaucrats who do not appreciate their value or the problems poor legislation and punitive taxation cause, or that they enable European economic prosperity. This was the central message from the “Regions at Risk” conference held by the European Regions Airline Association (ERA) in Porto, Portugal on April 18 and 19.
Numerous U.S. and international airlines added fare surcharges to certain flights in the first half of January, apparently reacting to the European emissions trading scheme (ETS) that took effect on January 1.
To the European Regions Airline Association, the last 36 months have proved the most challenging period the industry at large has ever faced, leaving ERA general director Mike Ambrose and his team laser focused on sending a clear message that the association’s members can no longer accept the status quo in Brussels.
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