Ryanair launched a new takeover bid for rival Aer Lingus yesterday with an all-cash offer valuing the Irish flag carrier at €748 million ($949 million).
A French rescue team yesterday recovered the flight data recorder from the Air New Zealand A320 that crashed into the Mediterranean Sea Nov. 27 on approach to Perpignan during a test flight, but the FDR and previously recovered cockpit voice recorder reportedly are badly damaged.
Malaysia Airlines said it "proved its resilience" with a MYR38.6 million ($10.3 million) third-quarter profit that, while representing an 89.4% plunge from the MYR364.6 million profit reported in the year-ago period, was the ninth straight quarter in the black for the restructured airline.
Cathay Pacific Airways unveiled new measures to "help the airline deal with a serious downturn in business as a result of the global financial crisis," including scaling back capacity growth and grounding two freighters.
Lufthansa opted not to wait for a decision on a foreign partner for the restructured Alitalia and will be launching its own subsidiary at Milan Malpensa, called Lufthansa Italia, in February.
Virgin Atlantic Airways is considering additional aircraft orders, possibly for 777s or the A350 XWB, while it is in talks with Boeing on compensation for the delay of its 787s.
TF: Airlines & Airports 
