The Civil Aviation Administration of China (CAAC) has cleared Air China (CA) to launch a subsidiary in Inner Mongolia, paving the way for the Beijing-based carrier to further expand in the North China market.
Rolls-Royce has announced an underlying pre-tax profit of £637 million ($987 million) for the half-year ended June 30, up 7% compared to the same period in 2011.
Grupo Aeromexico (AM) reported second-quarter net income of MXP$153 million ($11.8 million), down 73.8% from an MXP$584 million profit in the year-ago period.
Alaska Airlines (AS) more than doubled its net income for the second quarter, earning $67.5 million versus net income of $28.8 million recorded in the year-ago period.
UK airports operator BAA has lost its most recent appeal to keep Stansted Airport (STN), although it has vowed to challenge the decision in the Supreme Court.
Hawaiian Airlines (HA) parent Hawaiian Holdings reported a $3.9 million net income for the second quarter, a turnaround from the $50 million net loss it incurred in the year-ago quarter, which was impacted by the $70 million purchase of 15 Boeing 717-200s formerly on lease.
United Continental Holdings (UCH) posted second-quarter net income of $339 million, down 37% from a $538 million net profit in the prior-year period, as revenue grew just 1.3% year-over-year to $9.94 billion.
Lufthansa Technik AERO Alzey has serviced the 1,000th GE CF34-series engine, for customer Lufthansa CityLine. Iberia Maintenance has received Pratt & Whitney certification to perform inspection and repair services on GG8 turbines. MTU Maintenance Hannover has repaired the group’s 3,000th V2500 engine. Marana Aerospace Solutions has completed heavy maintenance checks on two Boeing 717-200 aircraft for Turkmenistan Airlines.
Qatar Airways (QR) has confirmed it is one of the companies shortlisted by Saudi aviation authorities to operate domestic services in Saudi Arabia as the kingdom seeks to liberalize its airline regime.
UK low-cost carrier easyJet (U2) has reported that its total revenue increased 10.5% to £1.03 billion ($1.59 billion) for the quarter ended June 30 compared to the year-ago period.
Excluding net special charges, US Airways (US) reported a second-quarter net profit of $321 million, more than tripling its second quarter 2011 net profit (excluding net special charges) of $106 million.
Boeing is on track to ramp up 787 production to five aircraft a month by the end of this year and to 10 a month by late 2013, the company’s top executive said Wednesday.
Hainan Airlines (HU) will launch a joint venture (JV) with the China-Africa Development Fund, Ghana SAS Financial Group and Ghana Social Security and National Insurance Trust. The JV will be called Ghana's Africa World Airlines (AWA).
JetBlue Airways (B6) reported a second-quarter net income of $52 million, more than doubling its $25 million net profit in the year-ago quarter, and marking its ninth consecutive quarter of profitability and “highest-ever” second-quarter profit.
Aeromexico (AM) on Wednesday announced it has signed a letter of intent for up to 100 Boeing aircraft—a mix of 90 737 MAX 8s and 9s, as well as 10 787s.
Boeing has reported a second-quarter net income increase 2.8% to $967 million on revenues of $20 billion after its Commercial Airplanes group increased aircraft deliveries by 27%.
MTU Maintenance won a contract from German express cargo operator AeroLogic to maintain its GE90-100B engines powering its Boeing 777F fleet, plus its owned spare engines. GE Aviation signed a 15-year OnPoint solution agreement with Copa Airlines for the maintenance, repair and overhaul of 112 CFM56-7B engines powering its Boeing 737-700 and -800 aircraft. Boeing has expanded a landing gear exchange program contract with Norwegian Air Shuttle to cover an additional 15 737NG aircraft.
Aerostar Airport Holdings (AAH) has won a public bid to become the private operator and leaseholder of Luis Munoz Marin International Airport (SJU) in San Juan, Puerto Rico, for 40 years as a public-private partnership (P3), for an upfront $615 million leasehold fee.
News from Travel Technology Update: Airlines’ ancillary revenue grew to $22.6 billion (€18.23 billion) in 2011, up from $21.46 billion (€15.11 billion) the previous year, according to the Amadeus Review of Ancillary Revenue Results for 2011, researched by IdeaWorksCompany.
Alitalia (AZ) has been given the green light to acquire Catania-based Wind Jet (IV), although it must surrender up to five slots pairs to complete the deal.
