German investor Intro Aviation—which has finalized the acquisition of Irish regional CityJet and its subsidiary Belgium-based VLM—is looking to replace its fleet of Avro RJ85 aircraft and will decide on the type “by the end of this year,” a senior executive said Thursday.
UK-based startup Odyssey Airlines has decided to use crowdfunding—a collection of finances from backers—to raise £5 million ($8.4 million) of equity capital as it pursues plans for a mid-2016 launch.
Bombardier reported first-quarter net income of $115 million, down 22.3% from a net profit of $148 million in the prior-year period, on essentially flat revenue of $4.35 billion.
Republic Airways Holdings—parent of Chautauqua Airlines, Republic Airlines and Shuttle America—reported first-quarter net income of $14 million, up significantly from $0.3 million in the year-ago quarter.
China’s big four carriers were hit hard by exchange losses resulting from yuan depreciation in the first quarter as they either reported sharp profit declines or net losses.
Mexican ultra low-cost carrier (ULCC) Volaris posted a first-quarter net loss of MXP370 million ($28.3 million), widened from a MXP65 million net loss in the year-ago period.
Central Asia-based Uzbekistan Airways is converting its two Boeing 767-300ERs into freighters to expand cargo operations from Tashkent to Shanghai Pudong, Hong Kong and Guangzhou.
SriLankan Airlines has formally joined oneworld during a ceremony at Mattala Rajapaksa International Airport (HRI), marking the first carrier from the Indian subcontinent to join an alliance.
Ryanair has agreed to purchase five additional Boeing 737-800s, adding to its current order book of 175 of the type, which it finalized at the Paris Air Show.
Norwegian Air Shuttle has warned it may shelve plans for its Irish-based international subsidiary Norwegian Air International (NAI) and postpone orders for 20 Boeing 787s if US approval for planned transatlantic operations is not granted soon.
Air France-KLM reported a net loss of €608 million ($843 million) for the quarter, slightly narrowed from the €641 million loss for the same period in 2013.
All Nippon Airways parent ANA Holdings posted net income of ¥18.8 billion ($183 million) for the 2013 financial year ended March 31, 2014, down 56.2% from ¥43.1 billion year-over-year.
US airline trade organization Airlines for America (A4A) has launched a campaign to get government taxes and fees separated from base air fares in advertisements.
Japan Airlines (JAL) reported net income of ¥166.2 billion ($1.62 billion) for the financial year to March 31, 2014, down 5.4% from net income of ¥171.6 billion year-over-year.
Embraer posted a first-quarter net profit of $110 million, more than tripling net income of $30 million in the year-ago period, on a 13.8% year-over-year rise in revenue to $1.24 billion.
Air Canada is the first non-US carrier to participate in the US Transportation Security Administration (TSA) Pre-Check program, which expedites screening for approved passengers.
Lufthansa has taken a €70 million ($97 million) hit from several strikes in Germany this year, outgoing Lufthansa chairman and CEO Christoph Franz said at his last AGM on Tuesday.
