Norwegian, the low-cost carrier based in Norway, has announced that it will discontinue its route between Evenes and London after only two months of service. The decision to drop the route comes as a result of insufficient demand, which made it unsustainable to continue operations. The short-lived route highlights the challenges airlines face in assessing and adapting to market demands,…
IAG (International Airlines Group), based in the UK, has indicated that its low-cost subsidiary Level, headquartered in Spain, could consider launching flights to Asia in the future. However, according to IAG, the current market conditions are not suitable for such an expansion. While IAG has not ruled out the possibility, it has emphasized that the decision will depend on improvements…
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.
GOL, the Brazilian airline, has entered into a Plan Support Agreement with the Abra Group (UK), its affiliates, and unsecured creditors to facilitate the airline’s financial restructuring under Chapter 11. This agreement will reduce GOL’s prepetition debt and obligations by approximately $2.5 billion, a substantial move aimed at stabilizing its finances and preparing for a sustainable future.
Sunwing Airlines, a Canadian low-cost carrier, has bolstered its fleet with the addition of a Boeing 737-800, serial number 39922, acquired on a wet lease from TUI Airways in the United Kingdom. This aircraft comes equipped with CFM56-7B27E engines, known for their efficiency and reliability, which aligns with Sunwing’s operational goals of providing dependable and cost-effective air travel. The wet…
Doric Nimrod Air Two, a UK-based aircraft leasing fund, has announced the successful sale of three Airbus A380aircraft, specifically serial numbers 105, 106, and 107. The proceeds from these sales will be distributed to the fund’s shareholders, aligning with Doric Nimrod’s strategic plan to gradually monetize its A380 assets as market conditions evolve. This sale highlights the fund’s commitment…
Zebu Air, a UK-based operator, has expanded its fleet with the recent acquisition of an L410 aircraft, identified by serial number 831040. The airline plans to utilize this aircraft for wet lease opportunities, providing a flexible solution for other carriers or operators needing short-term aircraft support. This acquisition marks Zebu Air’s entry into the wet…
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…
