Sharjah-based low-cost carrier Air Arabia reported a first-half net profit of AED134 million (36.5 million), a 17% increase over the same period last year when the airline posted a profit of AED115 million.
International Airlines Group (IAG) has options for 32 Airbus A350-900s and 12 Boeing 787-9s, which could be destined for Iberia if the Spanish carrier succeeds with its restructuring plan.
Stamford, Conn., based commercial aircraft lessor Aircastle Limited has reported a second-quarter net income of $32.9 million, more than doubled from $16.3 million net income year-over-year.
California-based Air Lease Corp. (ALC) announced a long-term lease agreement with airberlin for one new Boeing 737-800 aircraft scheduled for delivery in February 2016, as well as lease extensions on six aircraft.
UK-based aircraft components-to-energy conglomerate Meggitt has announced that Meggitt Safety Systems (MSSI) has been selected by Abris JSC to provide fire protection equipment for the Irkut MC-21 aircraft program.
Lufthansa Group subsidiary Swiss International Air Lines has reported a second-quarter operating profit of SFR96 million ($101.5 million), up 48% compared to SFR65 million in the year-ago period.
Lufthansa Group subsidiary Austrian Airlines, 16 months into its comprehensive €220 million ($286.1 million) restructuring program, has reported a second-quarter operating profit of €21 million ($27.3 million), up 75% compared to $15.6 million in the year-ago period.
Germany’s Intro Group, majority owner of Austria-based regional Intersky, and Swiss regional SkyWork Airlines are in early talks about a possible cooperation.
Russia’s Aviadvigatel Co., which is developing a PD-14 engine for the Irkut MC-21 aircraft, will apply for certification from the European Aviation Safety Agency (EASA) later this year.
US Airways has reached a tentative agreement with the Communications Workers of America (CWA) and the International Brotherhood of Teamsters (IBT), which represent the airline’s 6,500 reservation and airport agents.
International Airlines Group (IAG) has reported a second-quarter net profit of €127 million ($168.3 million), reversing a €78 million loss in the year-ago period.
International Airlines Group (IAG) is on track to acquire 97.52% direct and indirect ownership of Spanish carrier Vueling, falling short of its 100% target.
Ryanair CEO Michael O’Leary is still planning to press ahead with plans for a long-haul start-up, although this strategy is being hindered by aircraft availability.
