Japan Airlines (JAL) has tentatively set the price for its initial public offering (IPO), scheduled for Sept. 19, at between ¥3,500 ($44.5) and ¥3,790 per share, according the multiple reports from Tokyo.
Air New Zealand (ANZ) posted better than expected results for its 2012 financial year and while net profits dipped 12%, the carrier said it expects to more than double earnings for the coming year.
Frontier Airlines will launch Orlando, Fla. to Columbia, Mo. (2X-weekly) and Shenandoah Valley, Va. (3X-weekly) Airbus A319 service Nov. 20. Etihad Airways will increase 3X-weekly Abu Dhabi-Singapore-Brisbane Airbus A330-200 service to daily Feb. 1. Monarch Airlines will launch 3X-weekly Birmingham-Gibraltar service March 23. Flybe will launch 7X-weekly Southampton-Nantes service Oct. 28.
Turboprop manufacturer ATR is working on a series of upgrades for its newest ATR 42- and 72-600 family, enabling them to operate to airports with limited ground installations, extreme cold weather and steep approaches.
Forensics, data and collaboration are the key tools to transforming accident investigations from reactive to predictive processes, the US National Transportation Safety Board’s (NTSB) chief said Tuesday.
US Airways (US) has agreed to cease union negotiations over terms of a potential merger with American Airlines (AA), the US Airline Pilots Assn. (USAPA) said.
The 10 largest US airlines incurred a $1.07 billion net loss in the first half operating on a net negative profit margin of 1.5%, deteriorating from a 0.4% negative margin in the 2011 first half, according to Airlines for America (A4A).
The European Commission (EC) has launched an in-depth investigation into Irish low-cost carrier Ryanair’s (FR) third takeover bid of Ireland’s national flag carrier Aer Lingus (EI), citing “potential competition concerns.”
A Vueling (VY) aircraft landed at Amsterdam’s Schiphol airport (AMS) Wednesday after reports that it had been hijacked were dispelled by the Spanish airline.
Air China (CA) has reported a first-half net profit of CNY945 million ($149 million), down 76.7% over a net income of CNY4.056 billion for the year-ago period, mainly due to weak cargo demand and high fuel prices.
Back in the mid- to late-1990s, Comair had operating annual margins exceeding 20 percent, and I recall that there was at least one quarter in which it posted an operating margin over 30 percent, something unheard of in the airline industry. It was the poster child for a successful U.S. Regional carrier, and the pioneer of the large-scale "RJ Revolution", as it built a massive fleet of Canadair Regional Jets, for the benefit of both itself and major-airline partner Delta.
Ireland has become one of the first European countries to implement the Centralized Code Assignment and Management System (CCAMS), a cooperative European initiative aimed at streamlining the way Secondary Surveillance Radar (SSR) codes are distributed and assigned.
FLY Leasing has acquired two Boeing 737-800 aircraft manufactured in 1998. The aircraft are on lease to Russia’s Transaero Airlines. The new acquisitions were financed with secured bank debt and FLY’s free cash. CIT Aerospace will lease two new GEnx-1B70-powered Boeing 787-8s to Aeromexico, with deliveries scheduled in 2015 and 2016. GE Capital Aviation delivered two new Boeing 737-800s to Lion Air under a purchase and leaseback transaction.
China Southern Airlines (CZ) has reported a first-half net profit of CNY449 million ($70.8 million), down 83.7% compared to a net income of CNY2.75 billion in the year-ago period.
Lufthansa’s (LH) flight attendants, represented by the UFO union, could strike from Wednesday after the latest round of talks and a new pay offer failed to satisfy the union.
American Airlines (AA) earned a net profit of $135 million in July, the second straight month it has been in the black, according to a filing Monday with the US Securities and Exchange Commission.
The US FAA is forming a government-study group to determine whether airlines can be permitted to allow passengers more widespread use of portable electronic devices (PEDs) during flight.
Mexico is advocating for its neighboring countries—Belize, El Salvador, Honduras and Guatemala—to agree on an open skies policy to jointly market the leisure destination known as Maya World.
Icelandair will launch seasonal Reykjavik service to Anchorage (2X-weekly May 15-mid-September), Zurich (2X-weekly, June 1-Sept. 14) and St. Petersburg (2X-weekly June 1-Sept. 17). Silver Airways launched 22X-weekly Tampa-Jacksonville service Aug. 13. Aeromexico launched daily Monterrey-Chicago O’Hare service Aug. 21.
The Lufthansa Group on Monday phased out the last of its Avro RJ85 at its CityLine subsidiary, after it completed flight LH1985 from Cologne to Munich.
Pemco World Air Services has completed its restructuring and “emerged as an independent company solely focused on serving the growing aviation MRO and conversion markets,” the company said in a statement.
