Aviation Daily

Atlas Air Worldwide Holdings earned a 2016 net profit of $41.5 million, a nearly sixfold increase over 2015 net income of $7.3 million.

Los Angeles-based commercial aircraft lessor Air Lease Corp. posted a 2016 net profit of $374.9 million, up 48% from $253.4 million net income in 2015.

International Airlines Group plans to use an incoming fleet of Airbus A321LR for transatlantic services from various European countries, according to CEO Willie Walsh.

All Nippon Airways Holdings has extended its control over LCC Peach, as it acquires a greater share of the joint venture.

French aerospace manufacturer Safran said it wants to move forward with its planned acquisition of Zodiac Aerospace following criticism of the plan, as it published a 21.7% jump in full-year net profit and a rise in orders.

As the latest part of Boeing’s top-to-bottom supply chain shakeup, the manufacturer is to bring production of 737 and 777 flap-actuation systems in house.

View the Airline Snapshot: All Nippon Airways Co., Ltd. chart in PDF format.

Gogo said Feb. 23 it taken its 2Ku performance to the next level, exceeding speeds of 100 Mbps.

Master aerospace acquirer TransDigm Group said Feb. 22 it has acquired the stock of Schroth Safety Products of Germany, and certain aviation and defense assets and liabilities from subsidiaries of Takata for about $90 million total in cash.

The aircraft are intended for Qantas subsidiary Jetstar and its overseas affiliates.

FedEx Corp. President and COO David Bronczek said FedEx is able to provide “operational reliability and flexibility” to the USPS.

Norwegian has unveiled new routes from five cities in the UK and Ireland to U.S. destinations, starting in June, as it continues its rapid expansion.

Master aerospace acquirer TransDigm Group said Feb. 22 it acquired the stock of Schroth Safety Products of Germany and certain aviation and defense assets and liabilities from subsidiaries of Takata.

Airport operator ADP has predicted that traffic at its two airports in the French capital would grow 1.7–2.2% in 2017.

German leisure carrier Condor initiated a €40 million ($45 million) cost-saving program targeted at making the airline profitable again this year.

Air New Zealand is under intense pressure from new competitors this year, but expects to increase its long-term planned capacity growth.

The head of United Technologies Corp. (UTC)—parent of engine maker Pratt & Whitney—admitted there was more “pain” for UTC stakeholders to feel over geared turbofan engine fixes.

Aeromexico plans to start operating under its joint venture with Delta Air Lines at the beginning of the second quarter, CEO Andres Conesa told analysts during a Feb. 22 earnings call.

The Polish flag carrier will begin services from Lublin, Gdansk, Poznan and Wroclaw, Poland, to Tel Aviv this summer. There will also be additional services to the U.S.

View the Leisure and Business Fares: Week of Feb. 13 vs. Previous Week And Year-Ago Week in PDF format.

A third-party training pipeline is one of several initiatives ATR is pursuing to address the need for more entry-level airline pilots and localized training for existing pilots.

Korean Air is scheduled to introduce five Boeing 787-9s this year, with another five aircraft joining the fleet by 2019.

Airbus expects to triple the number of Airbus A320neo-family deliveries in 2017, Airbus Commercial Aircraft President Fabrice Bregier said.

AAX achieved a net profit of 230.5 million for full-year 2016, its first annual profit as a publicly-listed company. The carrier recorded a loss of 349.6 million ringgit in 2015.

BAE Systems Chief Executive Officer Ian King plans to step down in June, after a nine-year reign at the top of the UK’s largest aerospace and defense firm.