Transportation news and more!
The last we heard of the Icelandic budget airline Wow Air was in March 2019 when it ceased operations without warning, stranding up to 4,000 passengers at the time. According to Yahoo, the airline is now on…
IT IS NOT TRUE THAT INTERJET IS IN TECHNICAL BANKRUPTCY The handling of the information published by Bloomberg is irresponsible. The news agency made a misinterpretation of the judicial review filed by Interjet in its…
NEW YORK (Reuters) - U.S. casino operator Eldorado Resorts Inc has agreed to merge with Caesars Entertainment Corp in a cash and stock deal that values its peer at about $18 billion including debt, people…
SAO PAULO, May 9 (Reuters) - Brazilian airline Azul SA's chief executive said on Thursday that its two larger competitors had barred the carrier from providing a competing air shuttle service on the highly profitable…
SAO PAULO, May 9 (Reuters) - Higher operational costs weighed on Brazil's No. 3 airline, Azul SA, sending profits in the first quarter down 20% to 137.7 million reais ($35.06 million), despite significantly higher revenue…
MONTREAL (Reuters) - Canada's Bombardier Inc said on Thursday it would unite its corporate and regional jet-making units into a single aviation division, as it continues focusing on its strongest businesses while shedding aerostructure facilities…
RIO DE JANEIRO (AP) — Avianca Brasil canceled more than 1,045 domestic flights this week because it has to return 18 aircraft to leasing agencies. Brazil's National Aviation Agency said the planes needed to be…
NEW DELHI/BENGALURU (Reuters) - India's SpiceJet Ltd could benefit from cash-strapped Jet Airways being forced to ground planes, and the low-cost carrier is in talks with lessors to lease some of those aircraft, a person…
SAO PAULO, March 11 (Reuters) - Brazilian airline Azul SA said on Monday it intends to pay $105 million for certain assets held by Avianca Brasil, which was headed to court to face aircraft lessors…
OSLO (Reuters) - Norwegian Air's shareholders overwhelmingly endorsed on Tuesday the lossmaking airline's plan for a deeply discounted cash call to help bolster its finances, Chairman Bjoern Kise said. Norwegian Air said on Jan. 29…
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