Ryanair, the world’s favourite airline today (31 July 09) announced that it has awarded mandates to a syndicate of banks for approximately $1.6bn of financing for 55 aircrafts
TAM has signed an agreement with Brazilian investment company BTG under which BTG will take control of the airline with the goal of developing the business and boosting its share price.
Japan Airlines Group today announced projected figures for international and domestic passenger traffic for the Japanese summer vacation period stretching this year from August 7 to August 16.
Ryanair has announced a 20% reduction in flights from its Dublin base this coming winter, citing a collapse in air traffic and high airport duties for the exodus.
Lufthansa is sticking to its forecast of making an operating profit in 2009, despite a flight from premium class leading to a mixed set of first half figures.
The combination of the global economic downturn, the outbreak of Influenza A (H1N1) and fuel hedging resulted in a loss of $307 million for Singapore Airlines first quarter ending June 2009. This is the first quarterly loss since the SARS crisis in 2003.
The International Air Transport Association said weak passenger demand and falling yields pushed revenue and traffic on international markets down in June, but reported signs of stabilization in the market. Passenger demand fell 7.2% in June, but this was a marginal improvement on the 9.3% fall in May.