Indiana-based Republic Airways Holdings—parent of Chautauqua Airlines, Republic Airlines and Shuttle America—reported a 2013 net profit of $26.7 million, down 48% from $51.3 million in the year-ago period.
Garuda Indonesia will file for an initial public offering (IPO) in April. The Indonesian flag carrier is hoping to raise 1.6 trillion rupiah ($135 million) from a rights issue, according to its stock exchange filing.
Russia and Finland aviation authorities have agreed to add three more destinations between the countries for Finnish and Russian carriers, comprising routes from Helsinki to Kazan, Nizhny Novgorod and Samara.
US scheduled passenger airlines employed 380,809 full-time workers in December, up 0.3% year-over-year, according to recently released figures from the US Department of Transportation’s Bureau of Transportation Statistics (BTS).
Qantas Group reported a first-half fiscal year 2014 net loss of A$235 million ($208 million), a A$346 million plunge from the A$111 million profit Qantas posted in the year-ago period.
Although widely expected, Qantas Group’s first-half fiscal year 2014 report of a net loss of A$235 million ($208 million), A$346 million worse than posted in the year-ago period, sent shock waves through Australia and the airline industry.
Rolls-Royce has taken full control of composites manufacturing joint venture Composite Technology and Applications (CTAL), acquiring GKN’s 49% stake for £8 million ($13.3 million).
Air New Zealand reported a net profit increase of NZ$140 million ($116.5 million) for the first half of the 2014 financial year, up 40% from NZ$100 million in the year-ago period.
Finnair has made further progress with its fleet renewal financing, firming up a memorandum of understanding (MOU) with GECAS for the sale and leaseback of two Airbus A330s.
The Russian government has approved a bill to allow local airlines to sell non-refundable tickets, which will enable local carriers to be more competitive on the international market.
Atlas Air and Qantas Freight, the cargo unit of Australia’s Qantas Airways, have extended their aircraft, crew, maintenance and insurance (ACMI) contract.
UK air navigation services provider NATS has signed a memorandum of understanding (MOU) with the Japan Civil Aviation Bureau (JCAB) to work more closely together on a range of airport planning, capacity and efficiency projects.
SAS Scandinavian Airlines said it has received strong interest from investors in its issue earlier this month of approximately seven million preference shares with a value of SEK3.5 billion ($540 million).
Rolls-Royce has released details of two new engine development programs, Advance and UltraFan, slated for entry into service from 2020 and 2025, respectively.
The chances of ATR getting approval from both of its shareholders quickly for a new large turboprop are looking remote, judging from comments made by Airbus Group chief strategy officer Marwan Lahoud at the company’s annual press conference in Toulouse.
Delta Air Lines’ SkyMiles frequent flyer program will change in 2015 to reward redeemable mileage to members based on ticket price rather than distance traveled.
