Russia’s state property ministry has proposed that the transport ministry should study the possibility of consolidating all state shares in civil aviation under the ownership of Aeroflot Russian International Airlines. The move would increase the state’s holding from 51% to 75% and give Aeroflot a virtual monopoly on domestic air travel.
Source: Flight International
Philippine Airlines and Cebu Pacific reported a drop in their third-quarter earnings – despite seeing passenger volume growth – as they warned of “pressures” from falling yields and rising costs.
Chief executive of Latin American airline holding group Abra Adrian Neuhauser sees more customer-facing co-operation rolling out between partner carriers Avianca and Gol next year.
Spirit Airlines has missed its deadline for filing a report on its third-quarter financial results with the US Securities and Exchange Commission (SEC) amid reports that it is considering financial restructuring.
