Jay Shabat

Europe

Air France-KLM Looks to Spin-Off Loyalty Plan as Results Lag Peers

Air France-KLM is talking to Apollo Global Management about raising funds to improve its balance sheet, in a deal that would involve spinning off its loyalty plan into a new entity.…

Jay Shabat | 1 year ago

Aircraft Maintenance Provider AAR Sees Supply Chain Woes Easing; Expects Strong Demand to Continue

AAR, a major provider of maintenance and repair services to airlines worldwide, told investors that industry supply-side constraints are easing but remain problematic. The company, headquartered near Chicago, provided an…

Jay Shabat | 1 year ago

Europe

LOT Polish Turns 2022 Profit Despite Ukraine War Challenges

LOT Polish, Poland’s national airline, claims to have earned a 8.3 billion Polish zloty ($26 million) net profit last year. The result marks a return to profitability after two years…

Jay Shabat | 1 year ago

Asia-Pacific

Australian Regulator Extends Approval of Qantas-Emirates Joint Venture

Late last week, Australia’s competition regulator proposed reauthorizing a joint venture between Qantas and Emirates for another five years. The partnership, first launched in 2013, allows the two airlines to…

Jay Shabat | 1 year ago