AAR posted first-quarter fiscal year 2015 consolidated sales of $469.2 million and net income of $14.4 million, compared with sales of $514.5 million and net income of $17.9 million in the prior-year period.
Emirates Airline president Tim Clark is trying to persuade Airbus to launch a re-engined A380, pledging to place an order for at least 60 A380neo aircraft if the manufacturer were to move forward with the program in the next six months.
Startup carrier Greenland Express has suspended flights after just three months of operation and is aiming to re-launch at some point with a different aircraft type.
IATA DG and CEO Tony Tyler has accused US regulatory authorities of micromanaging the airline industry’s relationships with its customers to such an extent it runs directly against the grain of the US Airline Deregulation Act.
London-based investment company Greybull Capital has been named as the lead bidder for Monarch Holdings, the parent of UK leisure carrier Monarch Airlines.
Dallas/Fort Worth International Airport (DFW) is lobbying American Airlines to add service to Beijing, an airport executive said in an interview at World Routes 2014.
Emirates Airline and Etihad Airways have reportedly halted flights to Sana’a International Airport, the capital of Yemen, because of heavy fighting between Shiite rebels and Sunni militia, the United Arab Emirates-based daily, the National, reported.
Korean low-cost carrier (LCC) Jin Air has solidified plans to begin long-haul daily operations to the Pacific Island destination of Guam, following a spate of summer-only schedules to China.
Singapore-based low-cost carrier (LCC) Scoot is looking to expand and consolidate its route network in the fourth quarter of 2015 as it phases out its Boeing 777-200ER fleet with new 787 aircraft.
Canadian leisure carrier Air Transat will take two Boeing 737-700s and two -800s on seasonal lease from Europe Airpost in France and Czech Republic-based Travel Service Airlines.
Bangkok Airways has filed a submission to the Thai Securities and Exchange Commission (SEC) for an initial public offering (IPO) of just under 25% of the company, aimed at generating additional funds for fleet renovation and infrastructure upgrades.
Combined international premium and economy passenger traffic slumped for a second month in July as year-over-year growth stalled at 2.6%, according to IATA’s July Premium Traffic Monitor.
Speaking to a Washington DC audience in September, American Airlines chairman and CEO Doug Parker noted a dichotomy with which US airlines are battling. “The industry is doing better than it ever has done and it feels like everything is going better until you come to Washington DC. Here in our nation’s capital it often feels like the opposite. We are over-taxed, over-regulated and under-served,” Parker said.
Fast-growing Ethiopian Airlines announced an order Saturday for 20 Boeing 737 MAX 8s plus 15 options and purchase rights in a deal worth more than $2.1 billion at list prices.
International Airlines Group (IAG) has firmed up eight Airbus A330-200 options for Iberia, valued at $1.5 billion at list prices, and taken options on a further 10 A330s for the group.
Swiss International Air Lines will terminate its collective labor agreement (CLA) with the Aeropers pilot union at the end of November 2016 following the failure of the latest round of talks.
Russia’s Aeroflot has registered a new low-cost carrier (LCC) subsidiary called Byudzhetny Perevozchik, which directly translates as “Budget Carrier,” after European sanctions forced it to close its Dobrolet startup.
American Airlines president Scott Kirby said a “huge silver lining” of the US Department of Justice’s (DOJ) antitrust lawsuit opposing the American-US Airways merger was that it brought executives from the two carriers together to battle “a common foe.”
