Virgin America Files For IPO

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Published: July 28, 2014

Virgin America has filed for an initial public offering of shares as it looks to expand in the recovering US airline market. The company did not disclose the number of shares to be sold or the listing exchange. The airline said the offering would raise USD$ 115 million, but that figure is only to calculate […]

Ryanair Lifts Forecast As Quarterly Profit Doubles

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Published: July 28, 2014

Ryanair on Monday raised its full-year profit forecast as a campaign to improve service quality pulled more customers away from its rivals. Ryanair said its first-quarter profit more than doubled to EUR€197 million (USD$ 264.7 million). It raised its profit forecast for the year to March 2015 to EUR€620 million – EUR€650 million from EUR€580 […]

Rocket Ignites Blaze Near Tripoli Airport

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Published: July 28, 2014

A rocket hit a fuel storage tank in a chaotic battle for Tripoli airport that has all but closed off international flights to Libya, leaving fire-fighters struggling to extinguish a giant conflagration. Two rival brigades of former rebels fighting for control of the airport have pounded each other’s positions with Grad rockets, artillery fire and […]

Emirates To Avoid Iraqi Airspace As Violence Rises

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Published: July 28, 2014

Emirates said on Monday it will avoid Iraqi airspace, as the government in Baghdad struggles to contain Islamic insurgents who have captured vast areas of the country. After Malaysia Airlines MH17 was downed earlier this month in eastern Ukraine, airlines around the world have been rethinking flight routes to avoid airspace over countries facing conflicts. […]

Armed Mission To MH17 Site “Not Realistic”

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Published: July 28, 2014

The Netherlands, Australia and Malaysia have ruled out sending an international armed mission to secure the site in eastern Ukraine where Malaysia Airlines flight MH17 crashed, the Dutch prime minister said on Sunday. “We concluded there was a real risk that an international mission would immediately be involved in the conflict in Ukraine,” he said, […]

Families Mourn Victims At Air Algerie Crash Site

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Published: July 28, 2014

Family members of those killed on the Air Algerie flight that crashed in Mali were taken to the wreckage on Saturday to grieve as French President Francois Hollande announced three days of mourning. Hollande ordered that flags on government buildings across France fly at half-mast for three days from Monday after the death of 118 […]

Fighting Complicates MH17 Crash Investigation

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Published: July 28, 2014

Fierce fighting in eastern Ukraine where Malaysia Airlines flight MH17 was downed has further complicated an investigation as Europe and the United States prepared economic sanctions on Russia over the conflict. At least 13 people were killed in clashes between Ukrainian troops and pro-Russian rebels that raged in five areas around the wider region. International […]

US Envoy To ICAO Hopeful On Airline Emissions Plan

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Published: July 26, 2014

The new US representative to the UN’s ICAO said he is hopeful its members will be able to agree a global system to curb carbon emissions from airlines. The question of how to reduce emissions from planes brought the European Union, the United States, China and others to the brink of a trade war last […]

Canadian Plane Escorted F-16s After Passenger Threat

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Published: July 26, 2014

A Canadian charter plane bound for Panama was escorted by US fighter jets back to Toronto, where a passenger was removed by police after allegedly threatening the safety of the flight. Heavily-armed officers boarded the flight after it returned to Toronto at mid-morning, yelling “heads down, hands up!” as they entered the cabin, according to […]

Alitalia Shareholders Approve Capital Increase

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Published: July 25, 2014

Alitalia shareholders have approved a capital increase of up to EUR€250 million (USD$ 335.9 million) as the loss-making carrier seeks to meet the conditions for Etihad Airways to invest in the company to keep it flying. The share issue is intended to cover any losses Alitalia is likely to make before a deal with Etihad […]

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