The Hanjin Group, owner of South Korean flag-carrier Korean Air, has said it will buy out its smaller embattled rival Asiana Airlines in a $1.6 billion deal that will see the airline join the ranks of the world’s largest carriers. The deal will be funded in part by investment from Korea Development Bank, with the
A Volga-Dnepr Airlines Antonov An-124 was forced to make an emergency landing in Novosibirsk, Russia, shortly after take-off on Saturday morning, following what is believed to be an uncontained engine failure. The aircraft, registration RA-82042, had 14 people and 84 tonnes of cargo on board, when it returned to Tolmachevo Airport in Novosibirsk shortly after
Delta Air Lines and Southwest Airlines on Thursday cautioned that the recent surge in COVID-19 cases may have a negative impact on travel over the winter holidays, a period the sector had hoped would see improved bookings. The US on Wednesday reported new COVID-19 infections reached a record daily high for the second day in
Today marks the 100th birthday of Australia’s Qantas Airways, considered to be the oldest continuously-operating airline in the world and the only one that flies to every inhabited continent. Australia’s flag-carrier intends to keep celebrations fairly subdued, however it will mark the occasion with a low-level flyover of the Sydney Harbour later in the evening.
Abu Dhabi-based carrier Etihad has announced it will continue to scale down its operations and focus on becoming a mid-sized, full service carrier. With the announcement, Etihad has streamlined its organisational structure and removed a number of senior executive roles, announced employee layoffs, and said it will concentrate future operations on its wide-body fleet. It
Dubai-based airline Emirates posted its first loss in more than three decades on Thursday, saying it had been badly hit by the coronavirus lockdown that brought air transport to “a literal standstill”. The Middle East’s largest carrier said it suffered a $3.4 billion loss in the six months to September, prompting its parent group to
