American Airlines announced on Tuesday that it will add more premium seats to its narrowbody aircraft and bring back seatback entertainment screens. The airline is focusing on the higher-spending traveler as it attempts to close a large profit gap between Delta Air Lines (DAL) and United Airlines. Robert Isom, CEO of American Airlines, has increased the number of premium upgrades in order to boost earnings. U.S. carriers are competing more aggressively with each other for premium revenue. American Airlines said that premium seating will increase to about 40% of seats in narrowbody departures from the current 25%. As aircraft reconfigure...

Alliance Aviation Services, Australia's charter flight operator, announced on Tuesday that Steven Greenway has been appointed as its chief executive. Stewart Tully is leaving after more than a decade. Greenway has more than 25 years' experience in international aviation leadership. He began his career with Qantas, and then held senior leadership positions at Singapore Airlines, Scoot, the budget airline, and SkyEurope Airlines. Greenway was most recently the head of flyadeal, a low-cost airline division of the Saudia Group. The Alliance?shares fell by 0.5% just before the announcement of the new CEO. The company is navigating a turbulent period. The Alliance...

Washington Dulles Airport's board of directors will vote Wednesday on a $19.9-billion overhaul plan. This includes $3.75-billion to build new underground tunnels and replace the slow vehicles that transport passengers along tarmac. In a summary posted on Monday, Metropolitan Washington Airports Authority stated that the $6.2 billion renovation of the main terminal of the Washington area's primary international airport is scheduled to begin late in 2027. The Metropolitan Washington Airports Authority said the construction of new?tunnels will begin in early 2020, to remove "People Mover' vehicles and extend to a new concourse. Construction of one new concourse planned would not...

AirBaltic's bondholders agreed to allow the airline to?skip interest in?August?and November?as it?seeks?fresh investment?, the Latvian state-controlled airline announced on Monday. Holders of over 75% of the EUR380 million ($440 millions) in bonds issued by the airline with a coupon of 14.50%, voted to add the interest to principal rather than receive cash payments. The holders waived the?minimum liquidity requirement' until November. The company stated that "the approved resolutions ensure continuity of airBaltic operations. Passengers can book future travel with confidence. LSM, the national broadcaster, reported that Latvian Prime Minister Andris Kuulbergs stated that bondholders have not approved of the entire...

SpiceJet was criticized by an Indian bankruptcy court on Monday for a 'last-minute settlement' with one of eight aircraft lessors who were due to be ruled upon in their bankruptcy petitions. The court said that SpiceJet wasted time and money, the latest sign financial stress among the country’s fourth largest carrier. SpiceJet was asked by the court whether there would be more deals. One of the National Company Law Tribunal's judges criticised the parties for not disclosing the settlement until the day of the decision. It's not fair." The hearing was held as the legal battles between SpiceJet and the...

Vietnam's Aviation Authority said that warnings about a low?tyre?pressure and a possible tail?strike were triggered soon after a Vietnam?Airlines Boeing?787?took?off from Munich?on?Sunday, prompting the aircraft to return at the weekend to the German airport. Flightradar24, a flight tracking website, reports that the Hanoi bound aircraft circled around for over two hours in order to burn off fuel before returning to Munich. The aircraft reportedly overran the runway at takeoff after it was reported to have been overrun. In a late-Sunday statement, the Civil Aviation Authority of Vietnam (CAAV), said that warnings had been triggered after takeoff indicating "contact between the...

Foreign borrowers are ploughing into Asia-Pacific bonds markets that were once a niche. This shows that not only Big Tech is grabbing funding in an uncertain world with record borrowing. Commerzbank of Germany, Engie, Persil owner Henkel, Singapore Airlines, and the Portuguese Government have all sold bonds this year denominated both in Australian dollars and Chinese yuan. In fact, "kangaroo bond" sales by foreign issuers of Australian dollars have reached a record 'high' this year. This is up about 40% compared to 2025. Hong Kong dollar issuing has also reached a new record. Goldman Sachs reports that Chinese "panda", and...

The airline and airport both confirmed that a Vietnam Airlines flight bound for Hanoi was diverted to Munich Airport on Saturday due to technical issues after takeoff. Flightradar24, a flight tracking website, reports that the Boeing 787 circled around for over two hours in order to burn off fuel. The plane had reportedly overrun the runway 'during takeoff. The video aired on ABC News in the U.S. showed a jet taking off, with a huge cloud of dust behind it. Vietnam Airlines issued a statement in which it said that the flight had returned to its departure terminal after takeoff...

Flightradar24 reported that a Vietnam Airlines flight returned to Munich on Saturday, after spending more than two-hours circling to burn fuel. The Boeing 787 had reportedly overran its runway when it took off. According to Flightradar24, the passengers were evacuated by using slides. The fire brigade also was on site. Vietnam Airlines said in a press release that the Hanoi bound flight had "returned to the airport of departure after takeoff" due to a technical issue that it did not specify. The flight crew followed all the required procedures, and safely landed at Munich Airport. "The passengers and crew members...

Satellite imagery and video confirmed that two slicks appeared in Iranian waters. The Caroline Bezengi tanker is currently leaking Russian crude in a marine protected area, creating a massive oil spill that some estimate to be 2,000 square kilometers. The Caroline Bezengi case is not linked to the Iran War. Two new slicks have been detected in the Gulf. Near DOLPHIN SHAPED ISLAND Images from Copernicus Sentinel-2 satellites show that a slick is visible near the southern tip Qeshm Island. This large island shaped like a dolphin lies in the Strait of Hormuz, close to Iran's coastline. Wim Zwijnenburg is...

Dubai's main stock index fell on Friday, after the United States threatened a?naval?blockade against Iran. This sparked concerns about potential?trade disruptors in the?Middle East. The United States said on Thursday that it would continue to maintain its naval blockade against Iran and increase economic pressure in Tehran, as the ceasefire talks failed. Dubai's main index dropped 0.4% for the second consecutive session. This was dragged down by a 4.1% decline in budget airline Air Arabia, and a 0.5% drop in blue-chip developer Emaar Properties. Air Arabia reported its largest intraday drop in over three months after reporting a fall of...

Air Canada's revenue in?September?and October?will likely?break?records, as premium travelers are avoiding the summer heat and crowds of Europe and Japan. In recent years, large North American airlines have built their business around corporate clients, loyalty program members and premium travelers. They bet that these customers will not pull out when fares increase. The increased demand for corporate flights in the?autumn, combined with changing travel patterns of premium leisure passengers, are raising expectations among executives for seasons that were once considered slower as compared to peak travel months like July or August. Mark Galardo, Chief Commercial Officer at Air Canada, said...