Account
AirAsia boss Tony Fernandes questioned his rival's growth plans after Lion Air struck a $24 billion Airbus order, while pledging to preserve his own ties with the European jetmaker.As competition intensifies between Southeast Asia's largest budget carriers, Lion Air co-founder Rusdi Kirana shot back by targeting sharp growth in AirAsia's domestic Malaysian market.In a realignment of industry loyalties, Indonesia's Lion Air loosened exclusive ties with Boeing this week to place a 234-plane order with Airbus, which is also sole supplier to AirAsia.Asked if he was upset about the blockbuster deal between his top supplier and his closest rival, Fernandes said, "Why should I be? I think Lion has probably bitten off more than they can chew. We are focused on ourselves".Lion Air co-founder Rusdi Kirana mocked any suggestion that the airline had over-extended itself."Is he an angel? Does he know the future?" Kirana said when asked about Fernandes's comments.The two airline chiefs discussed the...
European aircraft manufacturer Airbus and a group of eight suppliers and customers Monday publicly released the letter they sent to leaders in France, the U.K., Germ...
DOW JONES NEWSWIRESSeveral airlines and aerospace companies want a delay in implementation of European Union rules that would see airlines paying for carbon pollutio...
-Chief Executive Mika Vehvilainen says the company is looking to create a new low cost carrier-New carrier will compete with Norwegian Air Shuttle-Finnair is in talk...
Air Berlin PLC shares were recently trading up 8.3%. Etihad Airways of the United Arab Emirates plans to lift its holding in Air Berlin to 29.21%, becoming the Berli...
Fmr. State Department Mideast Negotiator Aaron David Miller on how the U.S. should deal with the unrest in Libya.
FRANKFURT -(Dow Jones)- German airline Air Berlin PLC (AB1.XE) said Friday it plans to increase the number of executive board members to four from three ahead of its...
By Matt Scuffham and Rhys JonesLONDON/MADRID, Sept 6 (Reuters) - British Airways andIberia have identified possible acquisition targets to pursueonce their own merge...
Greece's budget problems weigh on global markets.
Ryanair Holdings PLC (RYA.DB) on Monday raised its full-year forecasts after posting a 21% increase in third-quarter profit, more evidence of how Europe's discount a...
German airline Air Berlin , part-owned by Abu Dhabi-based carrier Etihad, plans to cut almost 10 percent of its workforce of 9,300 as part of a cost-cutting campaign...
The chief executive of Air Berlin PLC (AB1.XE) stepped down Monday amid turbulent times for Germany's number two airline, in the red since 2008 and in the middle of ...
Closer ties with Turkish Airlines could keep Lufthansa in the race for long haul flights to Asia and stem the flow of business to Gulf carriers.A combination of the ...
Etihad Airways, the Abu Dhabi-based carrier which has been on a recent acquisition spree, is eyeing further investments if the right opportunity arises, its chief ex...
Unlisted Etihad Airways forecasts its revenue will pass the $5 billion mark this year, its chief executive said on Sunday.Abu Dhabi-based Etihad has been on an acqui...
The Oneworld global airline alliance on Thursday shrugged off the effect of plans by Qantas Airways Ltd. (QAN.AU) to loosen links with fellow member British Airways ...
