jetBlue announced earlier today that Lufthansa would “make a minority equity investment” in jetBlue. The agreement between the two airlines states that Lufthansa will buy about 42 million newly issued shares of jetBlue (19% of the airline) at $7.27 a share, about $300 million. Lufthansa would also get a seat on jetBlue’s Board of Directors. […]
photo by Franco FoliniPublish Post
Delta Air Lines, which has reportedly been interested in a merger for some time now, has requested permission from its board to start “formal” merger discussions with United Airlines and Northwest Airlines soon, with a plan to choose one of the airlines with which to merge.
In the last few years, Delta […]
Although it’s no secret that British Airways has been looking to expand in the transatlantic market, the airline made an announcement yesterday that it is starting an “airline within an airline”. OpenSkies, as the new entity is called, will start flying in June with a single Boeing 757-200 from New York to either Paris or […]
photo by caribb
Greek flag carrier Olympic Airlines appears to be flying into even more turbulence. The Greek transport minister, Costis Hadzidakis, said that although the government was dedicated to keeping Olympic afloat, “the situation for Olympic has become even more difficult,” especially after Ryanair complained to the EU that Olympic has not repaid over 700 […]
According to Skybus vice president Dennis Carvill, Ryanair-imitator Skybus is “the best-financed airline in the history of the aviation industry in the United States… We are capitalized to $160 million of initial startup capital, and that has given us the ability to do what we are doing, that is to grow rather quickly.” By comparison, […]
United Airlines on Friday announced a $250 million onetime payout to shareholders, with management lauding the move highly. CEO Glenn Tilton announced that the payment, which will be given out at $2.15 a share, shows the airline’s “commitment to creating value for our investors… [United must] “compete for shareholders, just as we compete for customers.” […]
“Boutique airline” MAXjet Airways today requested that its shares be suspended in advance of a statement from the airline about its rather precarious financial situation. MAXjet flies five Boeing 767-200s from London-Stanstead to three US cities (JFK, Las Vegas, and Los Angeles) with around 100 leather seats apiece and four-course meals (not to mention champagne […]
photo by caribb
American Airlines announced today that it will be spinning off its regional carrier American Eagle. In a press release earlier today, parent company AMR said that the spin off, which is expected to be completed by 2008, “is in the best interests of AMR and its shareholders”. American Eagle could be spun off […]
photo by Larsz
ATW has reported that Scandinavian carrier SAS has announced that it will be looking to replace its fleet of Bombardier Q400s (like the one pictured above) as well as its sizable fleet of MD-80s. Last month, SAS made the decision to ground its fleet of 27 Q400s after three much-publicized crash landings in […]
DDR-SEG featured on the cover of an October 1985 Interflug publication
Perhaps it’s because I’m a fan of Soviet aircraft, but I couldn’t resist posting about these videos that I came across recently, which show an Ilyushin IL-62 from the now-defunct East German airline Interflug landing on a field. Apparently the story goes like this: On […]