Boeing Closes $19 Billion Upsized Stock and Depositary Shares Offering
Boeing has successfully priced its upsized concurrent offerings of common stock and depositary shares, raising approximately $19 billion to strengthen its financial position.
Austrian Airlines Increases Adjusted EBIT by 8%, Driven by Revenue Growth
Austrian Airlines has reported an 8% rise in adjusted earnings before interest and taxes (EBIT), reaching $150.2 million, for its latest financial period. This growth comes on the back of a 6% increase in total revenue, which climbed to $846 million.
ABL Aviation Secures €170 Million Financing for Swissport’s Electric Ground Support Fleet Expansion
ABL Aviation has closed a landmark €170 million financing agreement with Swissport International AG to support Swissport’s transition to electric ground support equipment (eGSE).
Vietnam Airlines and Vietjet Forge Strategic MOUs with UAE’s Etihad and Emirates
Vietnam Airlines has recently signed bilateral Memoranda of Understanding (MOUs) with two UAE-based airlines, Etihad Airways and Emirates, aiming to strengthen commercial cooperation and expand both passenger and cargo services.
Indonesia Revives Project for Second Bali Airport to Boost Tourism in North
Indonesia is advancing plans to develop a second airport in Bali, targeting the island’s northern Buleleng Regency to address capacity constraints at Ngurah Rai International Airport in Denpasar.
Air White Whale Plans 2026 Launch for W5000 Cargo Drone, Pending Certification
China’s Air White Whale expects the first deliveries of its W5000 twin-turboprop cargo drones by 2026, contingent on obtaining airworthiness certification from China’s Civil Aviation Administration (CAA).
Ryanair Launches New Zagreb-Palermo Route for Summer 2024
Ryanair has announced the launch of a new direct route from Zagreb to Palermo, Italy, beginning March 30, 2024, and running through the summer season. Scheduled to operate on Tuesdays, Thursdays, and Sundays, the route will utilize the 180-seat Airbus A320 from Lauda Europe, Ryanair’s Austrian subsidiary.
Israir to Begin Tel Aviv-London Luton Flights Starting November 2024
Israir Airlines, one of Israel’s prominent carriers, has announced plans to launch a new route connecting Tel Aviv‘s Ben Gurion Airport with London Luton Airport.
Hainan Airlines to Launch Chengdu-Vienna Nonstop Service in December 2024
Hainan Airlines has unveiled plans to commence a new nonstop route between Chengdu Tianfu International Airport and Vienna International Airport beginning December 1, 2024.
Air Serbia Suspends Tianjin Service Reservations Amid Staffing Issues
Air Serbia has suspended ticket sales for its Belgrade-Tianjin route, with the last flight set for November 5, 2024.