Aegean Airlines said it managed to reduce its first-quarter net loss to €16.3 million ($23.3 million) from a €25.6 million deficit in the year-ago quarter despite weak demand in Greece, combined with the 40% year-over-year rise in the price of fuel.
A European Commission study on the EU’s slot regulations asserts that reviewing rules on allocating slots for landing and takeoff at the EU’s busiest airports could result in more than €5 billion ($7.14 billion) in economic benefits by 2025.
News from Travel Technology Update: Korean Air and ANA, Japan’s largest carrier, signed contracts to migrate to the full Amadeus Altea Customer Management Solution. Aerolineas Argentinas, meanwhile, expanded its 12-year relationship with Sabre and will use the next-generation SabreSonic Customer Sales and Service system. Korean Air also selected Amadeus to power its TOPAS subsidiary, which provides a central reservations system for the Korean market.
China Southern Airlines said Tuesday in a widely cited filing with the Hong Kong Stock Exchange that it has reached an agreement with Boeing to purchase six 777 freighters valued at $1.58 billion based on list prices.
Wizz Air will launch twice-weekly Skopje-Venice Treviso service Sept. 20. Lufthans a will transfer its Frankfurt-Singapore-Jakarta service to Munich-Singapore-Jakarta beginning Oct. 30. The route will be operated with an Airbus A340-300. Flybe will launch seven-times-weekly Inverness-Amsterdam service Sept. 5, becoming six-times-weekly during the winter months.
Cabot Aviation arranged the sale of one Airbus A300B4-100F plus two A300B4-200Fs to Kalitta Turbine Leasing, on behalf of TNT Airways SA. The aircraft were phased out of TNT service in 2009. Astraeus Airlines won four contracts to place nine aircraft this summer. Two Boeing 757s and four 737s will be based in Reykjavik for Iceland Express service; “individual Boeing 757s” will be based in Edinburgh and Newcastle; and one Airbus A320 will be based in Croatia.
Hamburg Center of Aviation Training announced the opening of its new, state-of-the-art facility May 26. HCAT is a partnership network of aviation companies, associations, universities and regulatory authorities that provide advanced vocational training in avionics/electronics and modern production processes. The three key players, Airbus, Lufthansa Technik and Hamburg Airport, along with more than 300 small and medium-sized enterprises, as well as a variety of scientific and technological institutions, will contribute their expertise,” said HCAT.
Japan Airlines will expand its partnership with China Eastern Airlines to increase the number of eligible flights under the airlines' Mileage Partnership Agreement. From June 1, JAL Mileage Bank members can earn mileage on all flights operated by MU on Japan-China routes as well as China domestic routes, including non-codeshare flights that were not applicable.
FlyDubai said it will need to recruit 600 pilots over the next four years to meet the needs of its growing fleet and serve its rapidly expanding route network. The low-cost carrier, which already has more than 200 pilots, requires seven captains and seven first officers to crew each of the 50 ordered Boeing 737s, the last of which is set to be delivered in 2016, it said. “We are recruiting pilots of all type ratings aggressively to ensure we will have the staff to meet our operational requirements,” CEO Ghaith Al Ghaith said in a statement.
Dale Moss, CEO of British Airways subsidiary OpenSkies, will step down June 30 as the airline goes through changes “evolving to work more closely with British Airways, American and Iberia to bring new benefits to its customers and to enhance the transatlantic joint business,” the airline stated. BA Regional Commercial Manager-Western Europe Patrick Malval will take over as MD of the Paris Orly-based all-business class carrier. Malval will have overall responsibility for BA group revenue in France.
ICAO said it agreed with industry participants at its first Global Runway Safety Symposium last week on a number of measures intended to reduce runway-related accidents.
El Al reported a first-quarter net loss of $42.9 million, widened from a $16.5 million net deficit in the year-ago period, as a sharp rise in expenses outpaced a negligible revenue gain.
Air France 447 took less than four minutes to fall from approximately 38,000 ft. into the waters of the South Atlantic following the disengagement of the autopilot on the Airbus A330-200, according to an interim report released by the French BEA Friday that is based on CVR and FDR analysis.
Air France 447 took less than four minutes to fall from approximately 38,000 ft. into the waters of the South Atlantic following the disengagement of the autopilot on the Airbus A330-200, according to an interim report released by the French Air Accident Investigation Bureau (BEA) Friday that is based on CVR and FDR analysis
El Al reported a first-quarter net loss of $42.9 million, widened from a $16.5 million net deficit in the year-ago period, as a sharp rise in expenses outpaced a negligible revenue gain.
Lufthansa Systems said GOL will implement its myIDTravel solution to manage its staff travel. Travelport reached an agreement with Helvetic Airways under which its subscribers in Switzerland will be able to issue tickets on the carrier through IATA’s Billing and Settlement Plan. “Hahn Air can be used for all e-ticketing needs in other BSP countries around the world,” Travelport said.
The Romanian government has removed Tarom from its plan to privatize state-owned businesses ( ATW Daily News, May 20, 2010). According to the Romania Business Insider, RO is not included in the government’s letter of intent for its new financial agreement with the International Monetary Fund. The state plans to sell only a minority holding in the carrier, which hopes to breakeven this year.
Goodrich Corp. announced it completed the acquisition of Microtecnica, a process it began in early April ( ATW Daily News, April 4). It acquired the business from Stirling Square Capital Partners for total cash consideration of approximately €331 million ($462 million).
Aer Arann said it is rebranding to Aer Arann Regional, to reflect “recent positive developments in the airline as it expands its operations beyond Ireland and the UK into continental Europe.” The Irish company will continue to operate under the name Aer Arann but over the coming weeks will introduce the new Aer Arann Regional logo and livery across its aircraft, airport signage, and marketing and promotions.
The Chinese government raised domestic jet fuel prices to CNY7,640 ($1,175) per ton, up 11.7% from CNY6,840 per ton in April, despite the decline of international oil prices since May. This is the third price hike this year ( ATW Daily News, April 8).
Norwegian Air Shuttle said Thursday it signed a letter of intent with Icelandair to acquire three Rolls-Royce Trent 1000-powered Boeing 787-8s that Icelandair currently has on order. Two of the aircraft are expected to be delivered during the first half of 2013 and the third in early 2015. Norwegian is also slated to receive two 787-8s on lease from ILFC in late 2012/early 2013 ( ATW Daily News, Nov. 9, 2010).
