Airline Aigle Azur adds partnerships, long-haul routes in drive for profit
French airline Aigle Azur is expanding long-haul flights and adding partnerships, and hopes to return to profit following a management and shareholder shake-up last year. The airline, which usually focuses on Mediterranean routes, Thursday signed a partnership with French Caribbean specialist Air Caraibes and a catering deal with Newrest. It also said it would launch flights to Beijing in June and Sao Paulo in July. CE Frantz Yvelin said Aigle Azur, which is due to receive its first 2 A330 widebody planes in mid-April, wanted to increase revenues to E320m (US$280m) in the 2018-19 financial year, up from E160m in the previous year, and return to an operating profit. Aigle Azur's main shareholders are HNA with a 48% stake and DGN, the holding company of JetBlue founder David Neeleman, with a 33% share. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-03-30/unaligned/airline-aigle-azur-adds-partnerships-long-haul-routes-in-drive-for-profit
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Airline Aigle Azur adds partnerships, long-haul routes in drive for profit
French airline Aigle Azur is expanding long-haul flights and adding partnerships, and hopes to return to profit following a management and shareholder shake-up last year. The airline, which usually focuses on Mediterranean routes, Thursday signed a partnership with French Caribbean specialist Air Caraibes and a catering deal with Newrest. It also said it would launch flights to Beijing in June and Sao Paulo in July. CE Frantz Yvelin said Aigle Azur, which is due to receive its first 2 A330 widebody planes in mid-April, wanted to increase revenues to E320m (US$280m) in the 2018-19 financial year, up from E160m in the previous year, and return to an operating profit. Aigle Azur's main shareholders are HNA with a 48% stake and DGN, the holding company of JetBlue founder David Neeleman, with a 33% share. <br/>
