Air Berlin (AB) will sell eight narrowbody aircraft to increase its core capital, enhance liquidity reserves and reduce debt by €300 million ($369.2 million) by year end, it said Wednesday.
With the Boeing 787 now officially part of its fleet, Ethiopian Airlines (ET) believes it is well-positioned to be the leading airline on the African continent and eventually compete against any of the world’s top carriers for passengers and cargo.
A series of reviews on United Airlines (UA) pension assets concluded Wednesday, revealing that the Pension Benefit Guaranty Corp. (PBGC) undervalued UA’s pension assets by about three-fourths of 1% in 2008—approximately $58 million out of $7.3 billion.
Hong Kong Airlines (HX) is considering canceling its order for 10 Airbus A380s according to newswire AFP, amid ongoing Chinese government protests against the European Union Emissions Trading Scheme tax (EU ETS).
Cebu Pacific Air (5J) secured export credit agencies-covered financing from KfW IPEX-Bank and SMBC for the acquisition of three new Airbus A320 aircraft. All aircraft will be equipped with CFM56 engines and will increase 5J’s total fleet to 41 aircraft. One aircraft was delivered Aug. 9 in Toulouse. The remaining aircraft are scheduled for delivery in October and November this year. KfW IPEX-Bank and SMBC are acting as joint Arrangers of the transaction, while KfW IPEX-Bank is also acting as Agent and Security Trustee.
FAA late last month issued an "Information for Operators" (InFO) guidance “reminder” that carriers should not use any seat belt extenders other than those that are FAA-issued.
Thai Airways International (TG) has reported a second-quarter net loss of THB1.53 billion, ($48.4 million), narrowed from THB7.9 billion in the year-ago quarter.
Ethiopian Airlines (ET) has become the first carrier outside Japan and the third overall to take delivery of the Boeing 787, flying the aircraft from a delivery ceremony at Boeing’s Everett, Wash. facility to Washington Dulles (IAD).
A merger of American Airlines (AA) and US Airways (US) could substantially reduce competition, leaving four majors controlling over 70% of the US domestic market.
Liebherr-Aerospace announced its Airbus A380 supplemental cooling system has entered into service, with a delivery to Malaysia Airlines. The system provides additional cooling to areas such as galleys and electronic bay. FLY Leasing Limited has closed a new $395 million senior secured term loan, using the proceeds to refinance its remaining 2012 debt maturities and outstanding debt under a facility that matures in 2013. The loan will be secured by 23 aircraft and will mature in August 2018.
United Airlines (UA) has reached an agreement with the International Assn. of Machinists and Aerospace Workers (IAM) to enter into expedited contract negotiations with the assistance of the National Mediation Board for six classifications covering 35,400 employees at the airline.
United Airlines (UA) has extended a lease in Chicago’s Willis Tower, where it houses a network operations center, to include its corporate headquarters with terms extending through to 2028.
Asiana Airlines (OZ) reported a non-consolidated net loss of KRW47.3 billion ($41.8 million) for the second quarter, reversed from the year ago quarter’s KRW17.7 billion profit, largely owing to “the continuous high fuel cost and the increment of operating cost as the operation expands,” it said.
LATAM Airlines Group reported a second-quarter net income of $49.7 million and an operating income of $23.2 million, its first consolidated results since LAN Airlines and TAM merged June 22.
Social media monitor for hotels raises $14.5 million Sabre Airline Solutions acquires the Prism Group Amadeus opens source code to third-party developers OpenTravel opens review of bag, merchandising schema InnLink hospitality services company rebrands as TravLynx Delta to distribute Economy Comfort through Amadeus World news briefing
