Cargolux reported 2010 net income of $59.8 million, reversing a loss of $153.3 million in 2009 and marking its first profitable year since earning $82.6 million in 2006.
The World Trade Organization on Thursday publicly released its final report on EU claims that Boeing benefited from illegal subsidies, reaffirming that the company did receive improper government assistance but also rejecting many of the EU's allegations.
IndiGo selected Pratt & Whitney PW1100G engines to power its fleet of 150 A320neo aircraft, plus 30 options, "probably Pratt's largest order in the last 50 years," P&W President David Hess remarked to journalists at a state of the business briefing in West Palm Beach, Fla.
Cargolux reported 2010 net income of $59.8 million, reversing a $153.3 million net loss in 2009 and marking its first profitable year since earning $82.6 million in 2006.
American Airlines will temporarily suspend one of its two daily Dallas/Fort Worth-Tokyo Narita flights and its daily New York JFK-Tokyo Haneda service through at least April 26. Delta Air Lines launched daily Miami-London Heathrow service. Xiamen Airlines started daily 737-800 Zhengzhou-Singapore Changi service. Alaska Airlines will increase its four-times-weekly Oakland-Kahului service to daily June 5.
Ryanair announced on Wednesday that it will introduce a €2 ($2.82) levy per passenger to fund the costs associated with “force majeure” cases under the EU261 European passenger compensation regulation.
US National Transportation Safety Board said it is investigating a March 27 incident involving a Southwest Airlines 737 headed for Orlando "that was requested to veer off course by Air Traffic Control to view into the cockpit of a general aviation airplane that had been out of radio communication." FAA said in a statement that the SWA pilots complied, and "preliminary information indicates that there was a loss of required separation between the two aircraft."
Representatives of the Spanish government, Iberia and Airbus signed an agreement Wednesday to develop "a complete Spanish ‘value chain’ for sustainable and renewable aviation biofuel for commercial use."
AviancaTaca Holding S.A., the parent of Avianca and TACA, on Monday commenced an initial public offering on the Colombian Stock Market consisting of 100 million shares of non-voting preferred stock, priced at $2.70 (COP5,000). The offering is expected to raise approximately $250 million after underwriter fees and discounts. The IPO will conclude April 15. Proceeds will be used for "corporate expansion plans of the holding company [and] subsidiaries," the company said.
The US, which on Wednesday commemorated the signing of its 100th open skies air services accord, is eyeing agreements with countries that have yet to sign such pacts, most notably China, Mexico, Russia and the Dominican Republic, according to a State Dept. official.
Boeing and GE Capital Aviation Services finalized an order for 10 GE90-115B-powered 777-300ERs valued at approximately $2.8 billion at list prices. The aircraft "will help GECAS meet growing airline demand for long-haul passenger airplanes," said Boeing in a statement. "This order adds to our existing portfolio of 777 aircraft," said GECAS President and CEO Norman Liu. "A key part of our strategy is to expand our long-haul product offerings to satisfy customer demand."
US President Barack Obama said Wednesday that he has directed the Departments of Energy and Agriculture and the Navy "to work with the private sector to create advanced biofuels that can power not just fighter jets, but trucks and commercial airliners."
Qantas has slashed growth plans and warned of management cuts as the airline grapples with unprecedented natural disasters and soaring jet fuel prices.
Air China posted a 2010 net profit of CNY12 billion ($1.83 billion) based on international accounting standards, more than double net income of CNY4.9 billion in 2009.
The UK Competition Commission said it saw no grounds to alter its initial decision regarding UK airport ownership and again ordered BAA to sell London Stansted and one of its two Scottish airports, either Edinburgh or Glasgow.
The US, which on Wednesday will formally commemorate the signing of its 100th open skies air services accord, is eyeing agreements with countries that have yet to sign such pacts, most notably China, Mexico, Russia and the Dominican Republic, according to a State Dept. official.
Travelport reached a renewed multi-year content agreement with Saudi Arabian Airlines. Under terms, Galileo and Worldspan-connected users will gain enhanced connectivity to the carrier’s inventory of flights and fares on over 80 domestic and international routes. Lufthansa Systems signed a five-year contract with Cebu Pacific to provide its Flight Management System.
Air India has completed the double migration of Air India and Indian Airlines to SITA's Horizon Passenger Services System. "SITA successfully took the two separate airlines' IT platforms and completed this complex migration to the new PSS in a record 293 days.This included the successful transfer of more than half a million Passenger Name Records with 99.99% accuracy," SITA said. The migration is a key step toward merging the two airlines and is a requirement for Air India's entry into Star Alliance set for mid-year.
Toronto-based Porter Airlines confirmed options for two Bombardier Q400 NextGen aircraft to be delivered in December 2011 and April 2012. The order is valued at approximately $61 million.
The Dept. of Transportation's tarmac delay rule, introduced in April 2010, has resulted in a "42% surge in bad-weather airline cancellations," at a cost of "billions of dollars"in airline costs, business disruption and lost productivity, according to an extensive study by aviation consultants Darryl Jenkins and Joshua Marks released Tuesday.
Boeing Commercial Airplanes President and CEO Jim Albaugh asserted that the re-engined Airbus A320neo will have a higher operating cost than a current-model 737NG.
Low-cost carrier AirAsia and Expedia announced the launch of a joint venture to sell "a complete range of value flights, hotels and holiday packages" in the Asia/Pacific region.
