US carrier Winair has folded after eight months of operation as a low-cost carrier. The Salt Lake City-based airline, which had its hub at Long Beach, California, shut down last week having lost $15 million. Winair was launched as a charter carrier but switched to cut-price scheduled flights in November.
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.
Australia’s Jetstar Airways has increased the number of aircraft based in New Zealand, as part of long-term expansion plans in the country.
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.
