Austrian Airlines has doubled its participation in regional carrier Tyrolean Airways, with the purchase of 42.85% of its shares, bringing its total stake to 85.7%. The remaining capital is held by Leipnik Lundenburger Industrie. Austrian bought its initial stake in Tyrolean in 1994, and the purchase contributed significantly, says the airline, to the expected group operating profits of $52 million in 1997.
Source: Flight International
American Airlines’ operations were disrupted by a nationwide ground stop on the morning of 24 December, the height of the winter holiday air travel period.
Australia’s Jetstar Airways has increased the number of aircraft based in New Zealand, as part of long-term expansion plans in the country.
Ukrainian carrier SkyUp Airlines is to open a Moldovan base from which it will operate several routes to European destinations. SkyUp will conduct the services through its Maltese arm, SkyUp MT, which secured certification last year. It will offer flights under SkyUp MT’s ‘U5’ designator code from the Moldovan capital ...
