Oslo-based low-cost carrier Norwegian Air Shuttle will establish a fully owned asset management company, which will be incorporated under the laws of Ireland and will have the US dollar as its functional currency.
Southwest Airlines has reached a tentative collective bargaining agreement with flight attendants of AirTran Airways, a wholly owned subsidiary of Southwest Airlines.
The growth trend at Dubai International Airport continues unabated, with passenger numbers reaching record levels during the first half of 2013. A total of 32.6 million passengers passed through the airport in the January-June period, the highest number handled in a six-month period in the history of the airport, according to Dubai Civil Aviation Authority (DCAA) president Ahmed bin Saeed Al Maktoum.
Swiss International Air Lines is evaluating establishing its own terminal at its Zurich Airport hub to gain more independence from airport operator Flughafen Zurich AG.
Fraport Twin Star Airport Management, which is majority-owned by Frankfurt Airport operator Fraport, has officially inaugurated a new passenger terminal at Bulgaria’s Varna Airport.
A consortium of South Korean companies, headed up by Incheon International Airport Corp., has been selected as the preferred bidder to build and operate a second international airport to serve Myanmar capital Yangon. The Hanthawaddy International Airport will be built 48 miles northeast of Yangon at a cost of $11 billion.
SR Technics and Abu Dhabi Aircraft Technologies (ADAT), both members of the Mubadala Aerospace MRO network, have signed a long-term general terms agreement with Moog, which makes precision-control components.
HEICO’s net income increased 25% to a record $28.9 million, or 54 cents per diluted share, for the third quarter of fiscal 2013, up from $23.1 million for the third quarter of fiscal 2012.