LOT Polish Airlines is raising the prospect of an initial public offering (IPO) following the carrier’s reported first profit for seven years for 2014, according to several European media outlets.
Russia’s UTair has cut its staff 19% since the end of 2014 to 4,171 as of March 31, 2015, according to its first-quarter report published according to Russian Accounting Standards (RAS).
The Civil Aviation Authority of the Philippines (CAA-P) has suspended the air operator’s certificates (AOCs) of two Filipino domestic carriers “due to safety concerns,” following the recommendations of the European Aviation Safety Agency (EASA).
Thai-based regional Bangkok Airways reported a first-quarter net income of THB1.1 billion ($33 million), up significantly from a net profit of THB526.1 million in the year-ago period.
China’s HNA Group subsidiary China’s Tianjin Airlines has signed a final agreement with Embraer for 22 aircraft, comprising 20 E-195s and two E-190 E2s.
Etihad Airways equity partner Alitalia will not renew its long-standing agreements with Air France-KLM when they come up for renewal in January 2017, saying the relationship is imbalanced.
Guernsey-based lessor DP Aircraft I has confirmed plans to acquire a pair of Boeing 787-8s that are currently owned by AerCap and leased to Thai Airways.
African low-cost carrier Fastjet will to add “a number” of aircraft to its fleet this year, starting with an initial Airbus A319 on lease from ICBC International Leasing Co.
The US Federal Bureau of Investigation (FBI) is investigating a computer security expert who claimed he has hacked into inflight entertainment (IFE) systems during domestic flights aboard US airlines.
Finnair’s flights will now operate normally this week after the Finnish Aviation Union ground handlers canceled plans to strike from May 19-20 over collective labor agreement (CLA) changes.
The Portuguese government, which decided to sell up to 66% of flag carrier TAP Portugal, is moving forward with the long-planned privatization process.
Philippines-based low-cost carrier (LCC) Cebu Pacific Air reported first-quarter net income of PHP2.2 billion ($50 million), up significantly from a PHP164.2 million profit in the year-ago period.
Global mobile satellite communications services provider Inmarsat said its Global Xpress (GX) satellite Inmarsat-5 F3 (I-5 F3)—which was scheduled to deploy at the end of the second quarter—will be delayed, following the failure of the preceding Proton Breeze M launch from the Baikonur Cosmodrome in Kazakhstan on May 16.
Ranked by involuntary denied-boardings per 10,000 passengers, lowest to highest. Source: US DOT Aviation Consumer Protection Division Air Travel Consumer Report.
The heads of the three big US network carriers say they will go to Congress if the Obama administration does not act on their complaints about the three Persian Gulf carriers being subsidized by their governments.
