Swedish and Danish governments back SAS recapitalisation

Sweden’s and Denmark’s governments are backing a capital increase for Scandinavian carrier SAS, which is seeking around SKr12.5 billion ($1.33 billion) in support funding. The Swedish government has submitted a proposal to the country’s parliament for support amounting to SKr5 billion, says SAS. It adds that the Danish government has signaled “political unity” for the […]

Jetstar Pacific rebranding to stoke talk of Qantas stake sale

Vietnam low-cost carrier Jetstar Pacific will revert to its former name, Pacific Airlines, as greater synergies with 70% owner Vietnam Airlines are sought. The proposed rebranding follows an agreement between Vietnam Airlines and Qantas Group, which owns a minority 30% stake in Jetstar Pacific. In addition, Jetstar Pacific will switch its reservations to from Navitaire […]

Mitsubishi Aircraft reiterates commitment to M90 certification

Mitsubishi Aircraft has reorganised its senior management, as it reiterates it commitment in getting its SpaceJet regional jet programme certificated.  The Japanese airframer will be promoting company veteran Yasuhiko Kawaguchi to the role of executive chief engineer. Kawaguchi, who has 35 years of experience in Mitsubishi Aircraft and parent company Mitsubishi Heavy Industries (MHI), will […]

China Eastern launches new Hainan-based carrier

China Eastern Airlines has inked a cooperation framework agreement with four partners — including Shanghai-based carrier Juneyao Airlines — to establish a new carrier in Hainan island. The launch of Sanya International Airlines follows recent announcements from the Chinese government to turn the island into a free trade zone and an international tourism hub.  Source: […]