The loss-making regional carrier says it has completed the sale of its assets to the Connect Airways consortium.

Europcar Mobility Group, which since 2017 includes Europcar Denmark, Goldcar and Buchbinder, also sold a stake in car2go.

There are 23,000 jobs at stake, dependent on a tricky manoeuvre to give the debt-stricken carrier time to find fresh equity.

The Riga-based and increasingly pan-Baltic carrier has selected an investment bank as its new financial adviser.

After senior finance jobs at Microsoft and the casino operator Olympic, Kristi Ojakäär starts a new direction in aviation today.

A report shows that based on preliminary figures for 2018, the key figures for the fourth quarter can be anticipated.

The carrier announces a €309 million rights issue and says it is now open to bids from other companies.

The problems affecting Ryanair are indicative of the dangers facing all airlines in Europe – particularly low-cost carriers.

Nordic Aviation Capital says the US$470 million loan will “increase public knowledge of the regional aviation market”.

An independent assessment is being made to see if a stock exchange listing is viable, the CEO revealed today.

Sources say that Aviator’s owner Accent has mandated DNB to sell the Nordic ground handling company.

A consortium including activist investment firm Elliot Management is reportedly in talks to acquire the GDS.

In a continuing reorganisation, Nordica is considering a buyout of its partner LOT’s stake in Regional Jet, which flies some SAS routes.

In the first nine months of the year, WOW air lost $33.6 million, despite a 31% increase in revenues.

As Thomas Cook (Ving, Globetrotter, Spies, Tjäreborg) confirms its losses, analysts says something must be changed in the tour operating business.

The Finnish carrier says it is responding to rising demand on both its Moscow and St Petersburg routes.

Europe's third largest low-cost carrier surprised the markets when presenting its Q2 results on Thursday June 12.

The European Commission has “concluded on a preliminary basis” that the deal involved illegal state aid.

The Financial Times speculates that the chief executive’s Brexit worries may have influenced the decision.

Continuing cost cuts and capacity adjustments helped SAS to offset the seasonally weak second quarter, but problems remain.