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IAG CEO Awaits Decision on Air Europa Capital Increase

IAG CEO Luis Gallego has not yet confirmed whether the group will take part in Globalia’s proposed capital increase for Air Europa, aimed at strengthening the Spanish airline’s financial stability. This potential investment would enhance Air Europa’s fiscal resilience, particularly valuable as the airline seeks to recover from recent economic challenges and compete effectively within Europe.

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Portugal Plans to Retain 51% Stake in TAP Amid Reduced Interest from IAG

The Portuguese government has expressed its intention to retain a 51% controlling stake in TAP Air Portugal, following the airline’s recent public-funded rescue. This move ensures that Portugal maintains a majority interest in TAP, safeguarding national interests and providing stability as the airline recovers from financial challenges. However, this approach may affect potential investment from…

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British Airways to Resume London-Kuala Lumpur Nonstop Flights in April 2024

British Airways has announced the return of its nonstop service between London Heathrow and Kuala Lumpur, set to resume on April 1, 2024. This route, operated by the Boeing 787 Dreamliner, will re-establish a direct link between the UK and Malaysia, catering to both business and leisure travelers seeking convenient travel options between these major…

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British Airways Launches London Gatwick–Bangkok Service

British Airways has inaugurated its new direct service from London Gatwick to Bangkok Suvarnabhumi, with the first Boeing 777 flight touching down in Bangkok on October 28, 2024. This new route connects two major international hubs, offering travelers a convenient, non-stop option between the United Kingdom and Thailand.

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Avion Express Expands Fleet with Leased Airbus A321 Powered by V2533-A5 Engines

Avion Express, a Lithuania-based ACMI (Aircraft, Crew, Maintenance, and Insurance) and charter provider, has bolstered its fleet with the recent addition of an Airbus A321, serial number 2653, LY-NVH, leased and powered by V2533-A5 engines. This acquisition aligns with Avion Express’s commitment to expanding its service offerings across Europe and meeting the rising demand for…