Volotea (Barcelona and Venice) on March 28 operated a football charter flight from Valencia to Amsterdam
and back. The Valencia team was flown to Amsterdam for the UEFA football (soccer) match. The new airline is still planning to start scheduled flights from Venice on April 5.
Copyright Photo: Ton Jochems. Boeing 717-2BL EC-LPM (msn 55185) visits Amsterdam.
Philippines (Philippine Airlines) (Manila) will open up a new route from the Manila hub to Denpasar (Bali) on April 28. The twice-weekly route will be operated with Airbus A320s.
Copyright Photo: Michael B. Ing.
PAL Slide Show: CLICK HERE
Air India’s (Mumbai) financial Restructuring Plan has been approved by a consortium of banks.
Read the full report by The Economic Times: CLICK HERE
In other news, the employees of Air India have called off any strike actions after their salary issues were resolved.
Copyright Photo: TMK Photography.
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Air India Slide Show: CLICK HERE
Lufthansa (Frankfurt) will issue a corporate bond exchangeable into shares of JetBlue Airways, a transaction that could see Lufthansa’s stake in JetBlue decline to zero.
The group issued the following statement:
“Lufthansa Malta Blues LP announces its intention to offer notes due 2017 exchangeable into shares of common stock of JetBlue Airways Corporation at the option of the note holders. The notes will be guaranteed by Deutsche Lufthansa AG and are to be offered and sold to qualified institutional buyers that are also qualified purchasers in an institutional private placement without registration pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the “Securities Act”).
The notes wil be exchangeable into up to 46.7 million shares of JetBlue common stock. Lufthansa has an option to give investors exercising their exchange rights cash instead of JetBlue shares. The coupon and exchange premium will be set at pricing, which is expected on March 29, 2012. Settlement of the issue is expected to take place on or around 5 April 2012. The proceeds from the offering are to be used for general corporate purposes.”
Read the analysis by Market Watch: CLICK HERE
Top Copyright Photo: Rolf Wallner.
Lufthansa Slide Show: CLICK HERE
JetBlue Slide Show: CLICK HERE
Bottom Copyright Photo: Brian McDonough.
AeroSvit Ukrainian Airlines (Kiev) on March 27 accepted its first Boeing 737-800. 737-84R UR-AAN (msn 38119) has now joined the colorful fleet.
AeroSvit Slide Show: CLICK HERE
Aeroflot Russian Airlines (Moscow) on March 25 introduced its summer schedule. The airline launched services to new destinations as Guangzhou (China)- three flights a week, Krakow (Poland) – four weekly flights, Stuttgart (Germany), Vilnius (Lithuania), Dnepropetrovsk, Donetsk, Odessa, and Kharkov (Ukraine) – daily flights. One flight a day will also be flown from Moscow to the Russian cities of Nizhnekamsk, Novy Urengoy, Orenburg, and Tomsk.
Copyright Photo: OSDU. The new Sukhoi Superjet 100 is working out well for the carrier.
Hot New Photos Slide Show: CLICK HERE
British Airways (London) meanwhile is expanding its aircraft fleet and route network at London City Airport where it is now officially the largest operator with the highest number of routes and customers.
Subsidiary BA CityFlyer will take delivery of another Embraer 190 in the late summer, bringing the total fleet size to 14 aircraft.
It will be used for new year-round flights to Venice in September and to increase frequency to the key business destinations of Frankfurt from March and Glasgow from September.
The news comes as BA CityFlyer is about to start brand new services from the Docklands airport to Mahon in Menorca, Quimper in Britanny and Angers in the Loire Valley in France from May.
A total of 22 destinations in the UK, Europe and the USA will be served by British Airways and BA CityFlyer from London City Airport.
Copyright Photo: Nik French.
BA CityFlyer Slide Show: CLICK HERE