German flag-carrier Lufthansa has formally notified European Commission regulators over its planned acquisition of a controlling stake in UK airline BMI.
The European Commission has given a provisional deadline of 14 May to rule on the takeover.
Its records show that Lufthansa put forward its formal notification on 3 April. Lufthansa's acquisition will increase its share in BMI to 80%.
Source: Air Transport Intelligence news
Philippine Airlines and Cebu Pacific reported a drop in their third-quarter earnings – despite seeing passenger volume growth – as they warned of “pressures” from falling yields and rising costs.
Chief executive of Latin American airline holding group Abra Adrian Neuhauser sees more customer-facing co-operation rolling out between partner carriers Avianca and Gol next year.
Spirit Airlines has missed its deadline for filing a report on its third-quarter financial results with the US Securities and Exchange Commission (SEC) amid reports that it is considering financial restructuring.
