Hawaiian Air could raise over $36 million through a rights offering to its shareholders. As part of an agreement early this year allowing Airline Investor Partnership to take control of the airline for $20 million in cash, AIP agreed to give other shareholders a chance to buy 12 million additional shares of common stock at 70 per cent of market value.
Source: Airline Business
Southwest Airlines will end its signature “open” seating model and offer premium seating options as it seeks new revenue sources to address concerns around the business’s performance.
Berniq Airways has placed a firm order for six A320neo-family aircraft, Airbus confirmed during Farnborough air show on 23 July.
Turkish Airlines aims to begin rolling out its new business-class suites next year on 777s
