Star Alliance member Lufthansa is in negotiations to mount a takeover of Swiss International Air Lines and integrate the carrier into the Lufthansa Group. The carriers say that the business model under consideration would maintain Swiss's independence "to the extent possible". They add: "If the required approvals are obtained, Lufthansa will submit an offer to the free-float shareholders based on the average share price of recent weeks."
Source: Flight International
Garuda Indonesia has confirmed the appointment of Wamildan Tsani Panjaitan – the former interim chief exeutive of low-cost operator Lion Air – as its new CEO.
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.
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.
