Austrian Airlines plans to issue 68 million new shares in a move to increase its capital by €350 million ($446 million). The carrier is not disclosing how it will use the funds but it has unveiled a new long-haul plan that includes launching service to Chicago and increasing frequencies to several existing destinations but dropping Melbourne and Sydney.
Source: Airline Business
Restructuring Indian low-cost carrier SpiceJet will add more flights using reactivated De Havilland Canada Dash 8 Q400s after disclosing a settlement to take ownership of 13 of the twin-turboprops.
Royal Brunei Airlines eyes network opportunities in North Asia and India, as it looks to “key regions” for future network growth.
Angolan flag-carrier TAAG has commenced operations from the capital Luanda’s new Agostinho Neto international airport. The airline transferred its domestic Luanda-Cabinda flight to the new hub on 10 November, operating the initial service with a Boeing 737-700 before switching to a De Havilland Dash 8-400. Source: TAAG TAAG ...
