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KIEV - The government of Ukraine announced that it will sell its stake in Ukraine International Airlines (UIA) by the end of the year. The government owns 61.58% stake in the country's flag carrier.
PRAGUE - The board of the troubled Czech national carrier CSA has approved a plan to sell five planes and other assets in efforts to generate cash.
SAO PAULO - Brazilian no-frills airline GOL Linhas Aereas Inteligentes SA (GOL) will continue to correct weaknesses in its cash position with a large global share issue next month.
NEWPORT BEACH, CA - Ambassadors International, Inc. announced the engagement of Stephens Inc.
A West Kendall woman who operates a Sweetwater travel agency is in jail after she allegedly bilked at least a half-dozen customers of thousands of dollars in bogus plane tickets to Nicaragua, police s
Batavia Air may be put up for sale by its founder, Yudiawan Tansari, as he plans to take a backseat from his illustrious career in the air travel industry, his daughter Alice Tansari told mergermarket
If all goes as planned, Ibrahim El-Sheikh will farewell his wife and two toddlers in the thick of winter, then board a flight to Lahore in Pakistan. There, the Canberra house painter will be escorted by an unknown middleman from the arrivals hall at the airport to the Aadil Hospital, where he will hand over $27,000 in cash for a kidney he hopes will save his life.
KARACHI, Pakistan - Pakistan's state airline says it plans to sell eight of its Boeing 747 airliners because of rising fuel and maintenance costs. Pakistan International Airlines spokesman Chaudhry Mohammad Bashir said Thursday the eight planes were taken out of service a few days ago. Bashir said the airline has bought nine 777 airliners to replace the craft because they consume less fuel.