Air France-KLM CEO Alexandre de Juniac said a company restructuring should happen in Alitalia before the French carrier would consider putting out a takeover offer.
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Changing economic landscape leads Boeing to cut production
Boeing has to cut production of its 747 jets because of the changing economic landscape, a report said.
Are Boeing's 747 glory days over?
The Boeing 747 could be headed towards an uncertain future, according to an Associated Press report.
Tata-SIA obtains government approvals
The Foreign Investment Promotion Board provides approval Tata-SIA venture. The Indian government approved the proposal from Singapore Airlines to commence an aviation venture with Tata Sons through an initial foreign direct investment of USD49 million.
HAECO acquires Timco for USD388.8 million
Aircraft maintenance services provider HAECO expands services portfolio with the acquisition of Timco Aviation Services,Inc.
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The government regulatory agency FIFB pushed back review of necessary approvals for the SIA-Tata Sons airline deal.
Police arrested a baggage handler for the Sunday ice explosions at the Los Angeles Airport. The Los Angeles Police Department (LAPD) arrested an airport employee today for causing the dry ice explosions at the Los Angeles Airport (LAX) on Sunday.
According to an anonymous source who told Reuters, Air France-KLM was 50-50 on whether it would participate in the EUR300 million share issuance to save the Italian airline from bankruptcy.
TRAFI, a Lithuanian Journey planner startup, received a USD500,000 in investment capital from Practica Capital to expand into key markets unexplored by big players like Google Maps.
Air France-KLM, a top shareholder in Italy’s Alitalia, did not make a clear position regarding a proposed capital increase to save the near-bankrupt air carrier.
A venture agreement was formalized by several prominent entities with the goal of creating 'Airport City' in the city of Manchester.
Claiming inadvertence, a service tax audit discovered an unpaid service tax of INR1.75 billion for five years by Dubai's Emirates Airline.
According to a study, airport modernization programs are necessary to improve services. According to the study conducted by the aviation consultancy firm CAPA in partnership woth aviation IT solutions provider SITA, special provisions such as WiFi inflight, use of mobile devices, self-check in areas, biometrics and e-Passports should be implented in the new airports in India.
Alitalia remains operational because of capital infusion from Il Poste and Italian banks. Poste's investment in Italia is a move to allow the airline to keep operating and keep itself searching for foreign partners without denigrating itself.
