Lufthansa plans to use the Air Berlin assets to quickly expand its Eurowings budget business. News of the deal pushed Lufthansa shares up more than 3% to their highest level in nearly 17 years.
Qatar Airways cited Cardiff as “a strategically important destination,” opening up a new portion of the UK to the airline. The new route will also allow more people to visit Cardiff from the Gulf and beyond.
Qatar Airways (QA) has entered into an interline partnership with growing and full-service Indian airline Vistara, as the national carrier marks more than 20 successful years of flights to India, it was announced.
Air Berlin, Germany's second biggest airline, filed for insolvency on Tuesday after its main shareholder, Abu Dhabi-based Etihad Airways, withdrew financial aid for the loss-making carrier.
Two passenger planes collided at an airport in the Indonesian city of Medan on Thursday, an airline spokesman said, the latest incident to hit the country's beleaguered aviation sector.
Qatar Airways has decided not to proceed with the announced investment in American Airlines. The decision came after examining the possibilities of investment in various respects.
India's cabinet approved Wednesday plans to sell a stake in state-run Air India as the debt-saddled carrier struggles to compete with low-cost rivals in one of the world's fastest-growing airline markets.
Leading Middle East airline Emirates said Thursday its profits had plunged by 82.5% in its last fiscal year, blaming fierce competition, currency devaluations and US travel restrictions.
Italians are watching their flag carrier Alitalia go into yet another financial tailspin, and a growing number of them believe it would be better for the country if it crashed.