Cypriot company TUS Airways to sell 49.9% stake to Israeli company
27.05.2021 – 20:29 UTC
After losing a majority stake in El Al Israel Airlines (LY, Tel Aviv Ben Gurion) last year, Knafaim Holdings is now aiming to acquire 49.9% of the capital of TUS Airways (U8, Larnaca). Under a May 26 letter of intent, Knafaim, controlled by Israeli businesswoman Tami Mozes-Borovitz, will invest $ 5 million while US businessman Kenneth Woolley will buy the 50.1% remaining for $ 4 million. The deal is expected to be finalized by the end of July, according to a stock publication.
Knafaim Holdings, whose stake in El Al declined when the Israeli national carrier requested a government bailout, will hold the stake in TUS through its subsidiary Global Knafaim Leasing. Woolley is the majority shareholder of Eastern Airlines (2D, Miami Int’l), headquartered in Pennsylvania, which renamed Dynamic International Airways (2D, Greensboro) in 2018.
TUS currently has only one A320-200, leased by AerCap, according to the advanced ch-aviation fleets module, with a second of the type which will soon be delivered from …
Eastern Airlines abandons its transatlantic plans
13.05.2021 – 23:51 UTC
Eastern Airlines (2D, Miami Int’l) has suspended its transatlantic ambitions after removing Sarajevo from its 2021 summer schedule, the ch-aviation timetable analysis said.
The Pennsylvania-based carrier planned to serve the capital of Bosnia and Herzegovina weekly from Chicago O’Hare, using its B767-200 (ER) widebody jets and starting May 28, 2021. The route has now been removed from the airline’s program.
Thus, Sarajevo will not get its first transatlantic service and will remain connected exclusively to destinations in Europe and the Middle East.
Eastern Airlines also cut its only scheduled domestic service from New York JFK to Anchorage Ted Stevens, which was also scheduled to launch on May 28. The airline will continue to focus on Latin American destinations from Boston, Miami Int’l and New York JFK, using its fleet of one B767-200, three B767-200 (ER), six B767-300 ( ER) and two B777-200 (ER) which have not yet been inducted.
Justice Department investigates American Airlines-JetBlue alliance
19.04.2021 – 03:44 UTC
The US Department of Justice (DOJ) is investigating an alliance in the northeastern United States between American Airlines (AA, Dallas / Fort Worth) and JetBlue Airways (B6, New York JFK) on competitive grounds, a reported the Wall Street Journal.
Although the investigation has not been made public, the two airlines have implicitly acknowledged it, with American Airlines stressing in a statement that it and JetBlue are “fully cooperating” with the DOJ.
Investigators fear the alliance could lead to anti-competitive changes affecting major hubs in the northeastern United States. The two airlines claim that the cooperation would benefit passengers.
The investigation is ongoing and the Justice Department has yet to draw any conclusions. However, the department’s final decision could be overturned by the Department of Transportation (DOT), which has the final say on competition issues in the aviation industry.
DOT approved the alliance on January 10, 2021, with the two airlines unveiling the first batch of codeshare and coordinated routes in February 2021.
However, despite the January approval, DOT procedures regarding the alliance are …