Ryanair has sold a 20% stake to Irish Air, an investment group headed by David Bondiman, US entrepreneur and Continental Airlines chairman. The low-cost Irish airline has been rumoured to be looking for outside investment to fund expansion.
Source: Flight International
The Star Alliance carrier plans to reach C$30 billion in annual revenue in four years and to exceed that figure by decade’s end.
Canada’s Transat AT reports a profitable fiscal fourth-quarter boosted by a C$34 million ($25 million) compensation agreement with geared turbofan (GTF) engine maker Pratt & Whitney.
Air Canada is set to become the latest North American airline to offer free wi-fi access to passengers, disclosing on 12 December plans to begin rolling out the service in May.
