In an unusual move for a Latin American airline, the owners of Brazil's privately-held Varig have decided on a domestic public flotation. Their plan to raise $400 million is part of a major restructuring designed to boost a shaky debt-equity ratio and move Varig toward public ownership.
Source: Airline Business
Italian carrier ITA Airways is performing ahead of the business plan drawn up last year as Luthansa Group prepares to take a stake in the airline.
Thai AirAsia has taken delivery of a new Airbus A321neo, marking the resumption of aircraft deliveries for the AirAsia Group after a hiatus of close to four years.
Lufthansa Group expects to close its deal to acquire a 41% stake in ITA Airways in the fourth quarter after securing conditional European Commission clearance for the transaction.
