A report on the restructuring of Egyptair says it should be placed within a holding company via a three-stage plan. The proposals go before the Egyptian prime minister next month. Other plans include the opening up of Hurghada, Sharm al Shaikh and Luxor to foreign airlines, the tendering of a contract to upgrade Sharm al Shaikh airport and a $1.2 million deal with Airport Systems International for navigation aids and lighting at Abu Simbel and Taba.
Source: Flight International
Mexican ultra-low-cost carrier Volaris earned $10 million in the second quarter of the year, up from $6 million last year, as the company mitigates the effects of the Pratt & Whitney engine inspection recall.
Cebu Pacific believes that an acquisition of compatriot AirSWIFT would give it access to “very attractive markets” as discussions over a deal continue.
Cebu Pacific is selling its two ATR freighters as its shifts back to an all-passenger fleet while continuing to serve the cargo market using belly capacity.
