A political reshuffle has lead to the ousting of Malev's managing director Andras Pakay. At press time, a replacement had not been announced, but former minister of transport Andras Derzsi has been appointed as the new president and chairman of the board. Alitalia is understood to have opposed Pakay's departure and there is now doubt over its 35 per cent stake in the Hungarian carrier.
Source: Airline Business
Brazil’s Azul has clarified that it is developing a new plan to return to profitability following a media report that it was weighing options for its future, ranging from additional equity support to Chapter 11 bankruptcy protection.
The AirAsia Aviation Group intends to launch 23 new routes across its five units in Southeast Asia by end-September, a significant expansion that comes amid an improvement in earnings.
United Airlines is wary of how it stands to be affected by Alaska Airlines’ proposed acquisition of Hawaiian Airlines, it has told the US Department of Transportation (DOT).
