Air Transport World

Ireland-based lessor Avolon recorded a 67% increase in its fleet of owned, managed and committed airliners for 3Q 2016 compared to the same period a year ago, the company said.

An engineered materials arrestor system (EMAS) prevented a chartered Boeing 737 from a potentially serious crash after it skidded off the runway after landing at New York LaGuardia airport Oct. 27.

International Consolidated Airlines Group (IAG) posted a €930 million ($1 billion) net profit for the 2016 third quarter, up 9.7% year-over-year (YOY) from the Group’s to €848 million net income in 3Q 2015.

Abu Dhabi-based Etihad Airways and Indian equity partner Jet Airways plans to boost its network between Abu Dhabi, United Arab Emirates (UAE) and India.

Saudi-Egyptian carrier Nesma Airlines has begun services from Hail, in the north of Saudi Arabia, as domestic competition in the country intensifies.

UK-based SilverArrow Capital Group has acquired a 51% majority share in Swiss airline PrivatAir, which operates premium flights for Lufthansa and SAS Scandinavian Airlines.

Lufthansa Group low-cost (LCC) subsidiary Eurowings flight attendants, represented by the UFO union, have planned a two-day strike next week if continued negotiations scheduled for Oct. 30 fail.

Las Vegas-based Allegiant Travel Co., parent of low-cost carrier Allegiant Air, posted third-quarter 2016 net income of $45.5 million, up 2.2% over the company’s $44.5 million net profit in 3Q 2015.

MRO Briefs-Oct. 27, 2016

The European Commission has approved the aviation arm of Chinese conglomerate HNA Group to acquire maintenance, repair and overhaul (MRO) provider SR Technics

Moscow Sheremetyevo International Airport (SVO), which received approval to develop a Northern Terminal Complex in June, said in an update that total private investments for the project will reach $865 million.

Kenya Airways recorded a first-half net loss of KSh4.8 billion ($47 million), narrowed from a loss of KSh12 billion in the same period last year.

Indianapolis-based Republic Airways Holdings, which filed for Chapter 11 bankruptcy protection in February, has confirmed in an SEC filing that it has reached agreement with Bombardier to defer delivery of CSeries aircraft it ordered in 2010.

Finnair will suspend or cancel services on two Asian routes as it seeks to accommodate pilot training for its new Airbus A350s.

Singapore-based aircraft lessor Avation has received an approach from an unnamed company that wants to acquire 22 of its 24 ATR 72s.

Ridesharing company Uber has unveiled its vision for Uber Elevate, a network of small vertical-lift aircraft that would move passengers across congested cities faster than cars.

China Eastern Airlines reported a third-quarter net profit of CNY3.5 billion ($517 million), up 95.5% over a net income of CNY1.8 billion in the year-ago quarter.

Qantas Airways has unveiled its first livery refresh in nine years, and has also revealed the configuration for its Boeing 787-9s, which will begin arriving in 2017.

European Union (EU) regulators have formally raised antitrust concerns over a codeshare between Brussels Airlines and TAP Portugal, but have dropped a similar probe against Lufthansa and Turkish Airlines.

United Parcel Service (UPS) has ordered 14 Boeing 747-8 freighters and placed options on 14 more of the type. The aircraft will be used to support the cargo carrier’s fleet expansion plans.

Icelandair has joined Airlines for Europe (A4E), the rapidly growing lobby group that was formally set up in January 2016.

Grupo Aeromexico reported a net profit of MXP665 million ($34.3 million) for the 2016 third quarter, down 9.8% year-over-year (YOY) from MXP737 million net income in 3Q 2015.

People-Oct. 26, 2016

Passenger Experience-Oct. 26, 2016

Dallas-based Southwest Airlines posted a $388 million net profit for the 2016 third quarter, down 33.6% year-over-year (YOY) from $584 million in 3Q 2015.