Russia’s State Transport Leasing Co. (STLC) has placed an order for five Let L-410 aircraft with Russia’s Ural Works of Civil Aviation (UWCA), in a deal valued at RUB2 billion ($30.7 million) at list prices.
US industry trade organization Airlines for America (A4A) president and CEO Nicholas Calio praised the nomination of Elaine Chao to be Secretary of the US Department of Transportation (DOT) for the incoming Trump administration.
Central and Eastern European low-cost carrier (LCC) Wizz Air has concluded a sale and lease back deal with Bank of Communications and Financial Leasing (BoComm) for eight Airbus A320 family aircraft, and has finalized a previously announced operating lease deal with Singapore lessor BOC Aviation for two more of the type.
Korean Air is aggressively expanding on the US west coast and strengthening its relationship with SkyTeam partner Delta Air Lines “to ensure the airline’s continued leadership in 2017 and beyond,” the Seoul-based carrier said in a statement.
Russia’s largest airline, Aeroflot, has canceled orders for Boeing 787s and will rely on the much larger Boeing 777 and Airbus A350 for long-haul flights.
A consortium led by Singapore’s Changi Airports International (CAI) has signed an agreement to acquire shares in Vladivostok International Airport from Sheremetyevo airport.
Global air transport IT specialist SITA’s connected aircraft business SITAONAIR will partner with satellite provider Aireon and flight tracking data specialist FlightAware beginning in 2018, the companies announced Nov. 29.
Lufthansa has made the Vereinigung Cockpit (VC) pilots’ union a new offer in an effort to resolve the ongoing industrial dispute that is costing the German carrier €15 million ($16 million) per day.
Hainan Airlines’ low-cost subsidiary Lucky Air plans to launch a low-cost carrier (LCC) in the Sichuan Province capital of Chengdu in an effort to explore the market potential of Southwest China.
Russia’s Aeroflot Group has reported a net profit of RUB43.8 billion ($693.5 million) for the first nine months of 2016 to Sept. 30, up significantly from RUB1.8 billion in the year-ago period.
Russian airlines carried 7.7 million passengers in October, up 4% year-over-year (YOY), according to Russia’s Federal Air Transport Agency, Rosaviatsia.
Qantas Airways and American Airlines have dropped their application to expand their partnership in transpacific markets, following a tentative rejection by the US Department of Transportation (DOT).
Finnair is preparing for possible flight cancellations because of work restrictions set by the Finnish Pilots’ Association after a collective labor agreement expired Nov. 15.
Elaine Chao, former US Department of Labor Secretary under President George W. Bush, is US President-elect Donald Trump’s pick for Secretary of the US Department of Transportation (DOT). The position will require US Senate confirmation.
Lufthansa’s pilots are holding out on a real compromise, as the airline grapples with six days of strike action that have triggered 4,461 flight cancellations.
Satellite specialist Inmarsat, telecommunications provider Deutsche Telekom, mobile phone company Nokia and airline technology firm Thales have completed a program of European Aviation Network (EAN) broadband test flights.
