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
Cathay Pacific expects a “strong” showing for the second-half financial results, as it approaches full capacity recovery January next year.
The Star Alliance carrier plans to reach C$30 billion in annual revenue in four years and to exceed that figure by decade’s end.
Canada’s Transat AT reports a profitable fiscal fourth-quarter boosted by a C$34 million ($25 million) compensation agreement with geared turbofan (GTF) engine maker Pratt & Whitney.
