Spirit Airlines announced a bleak revision of its third-quarter earnings following massive disruptions from flight cancellations and delays. ...
Indian billionaire-investor Rakesh Jhunjhunwala plans to establish an ultra-low-cost carrier called Akasa Air....
WOW air, the Icelandic ultra-low-cost-carrier, which ceased operations in March 2019, may soon be ‘coming back’ to the skies, only not in its original form. Two former executives of the airline and an investment fund related to the Ryanair family plan to launch a new low-cost carrier (LCC) on the foundations of the fallen WOW air, under the working name WAB, which stands for “We Are Back”, Icelandic media reports suggest....
Former United CFO Andrew Levy is hoping to raise $100 million by June 2019, to launch a new, ultra-low-cost airline in the United States. If the plan is successful, the airline could take up to skies as soon as in 2019. ...
October has certainly not been a kind month for European aviation in the past few years. Nordic budget carrier Primera Air failed on the one-year anniversary of the collapse of British holiday airline Monarch, which occurred on October 2, 2017. Just recently, on October 17, 2018, Cyprus-based low-cost carrier Cobalt Air announced its closure. And now, Air Belgium might be considering shutting down as well. ...
