Sweden-based cargo specialist West Atlantic Group reported a 2015 net loss of SEK49.6 million ($6 million), reversed from a net profit of SEK10.6 million the previous year.
Amazon has reached an agreement with Purchase, New York-based Atlas Air Worldwide Holdings to wet lease 20 Boeing 767-300 converted freighters, the second freighter lease deal the Seattle-based online retail giant has signed this year.
The European Aviation Safety Agency (EASA) has created a task force to assess collision risks posed by small, unmanned aerial vehicles (UAVs) to commercial aircraft.
Air France-KLM’s low-cost carrier (LCC) Transavia will launch 12X-weekly Munich-Berlin Schönefeld services on May 30, becoming the first LCC to operate from the Bavarian capital to the German capital.
Air New Zealand has said its earnings may come under pressure in the next financial year because of increased competition in some international markets and reduced foreign exchange hedges.
Russian aircraft manufacturer Irkut Corp. has reported a 2015 net loss of RUB2.27 billion ($31.1 million), reversed from a net profit of RUB72.27 million in 2014.
Malaysia-based AirAsia Group is looking to merge two of its regional subsidiaries—Thai AirAsia and Indonesia AirAsia—that could potentially use Thailand as the ASEAN regional headquarters for the group.
Aeroflot subsidiary Aurora Airline—which serves Russia’s Far East—carried 276,827 passengers in the first quarter, up 22% year-over-year (YOY), as a result of network and fleet growth.
Financial results to-date for airlines worldwide, highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for the first quarter of 2016.
Air France-KLM Group has reported a first-quarter net loss of €155 million ($175.3 million), narrowed from a €559 million net loss in the year-ago period.
FAA will establish a Drone Advisory Committee (DAC) to help the agency navigate issues related to unmanned aerial vehicle (UAV) integration in the US national airspace.
Abu Dhabi-based Etihad Airways, which has major interests in Italy through its 49% stake in flag carrier Alitalia, has signed an agreement with Parma International Airport in northern Italy to establish a cargo transit center.
China’s big three carriers—Air China, China Southern and China Eastern—have all reported big first-quarter profit increases as a result of stable market demand growth and lower fuel prices.
African low-cost carrier fastjet will cut its fleet from six to five aircraft, with the early return of one of its Airbus A319s, as it works to match its fleet to market conditions.
