Société Financière de Luxembourg has emerged as a potential buyer of a 29.9% stake in Italian regional Gandalf Airlines. The deal is subject to banks, suppliers and leasing companies agreeing to restructure the airline's debt and allowing two investment company directors to sit on its board.
Source: Flight International
Japan’s two largest carriers reported a drop in profit for the April-June quarter, despite seeing an increase in revenues.
The US Department of Justice (DOJ) is taking another 10 days to review Alaska Air Group’s proposed acquisition of Hawaiian Holdings, with the airlines now agreeing not to close their planned deal before the period ends on 15 August.
Air New Zealand has axed its interim climate targets, stating that measures needed to meet the target were unaffordable and not readily available.
