Armenian carrier Armavia Airlines filed for bankruptcy and will cease flights April 1. The airline said it failed to cope with the 2008 world economic crisis.
Turkish Airlines is planning to launch nonstop Istanbul-Sydney services next year, becoming the first airline to operate nonstop from Europe to Australia.
Boeing chairman, president and CEO Jim McNerney expressed confidence in the company’s fix for the 787’s battery system and predicted the aircraft’s grounding will be lifted soon.
US Airways chairman and CEO Doug Parker said the new American Airlines will “hit the ground running” once the US Airways-American Airlines merger closes, which he reiterated remains on track for the third quarter.
Danish lessor Nordic Aviation Capital (NAC) has signed a firm purchase agreement for four Bombardier Q400 NextGens to be placed with Latvian carrier airBaltic.
Air Berlin and its major shareholder, Etihad Airways, are in talks with Boeing to switch its 787-8 order to the bigger -9 version, CEO Wolfgang Prock-Schauer told ATW onboard Air Berlin’s first flight from Berlin to Chicago O’Hare
China Eastern Airlines reported a net profit of CNY3.43 billion ($543 million) in 2012, down 29.8% compared with the net income of CNY4.89 billion in 2011, according to the carrier’s statement released by the Shanghai Stock Exchange.
Austrian Airlines Group has announced plans to cut a quarter of its Innsbruck-based Tyrolean Airways workforce as it consolidates its administrative functions in Vienna.
Shareholders at EADS have backed plans to “normalize and simplify” the Airbus parent’s corporate governance structures following a failed tie-up attempt with BAE Systems.
