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The International Air Transport Association (IATA) is calling for Vietnamese authorities to ensure there is appropriate regulatory structure in place to oversee an expected wave of airport construction and privatization.
Air Baltic hopes key pillars of its future strategy can be cemented within the next few months now that the airline has returned to profitability in the first half of the year. The carrier, owned by the government of Latvia, has been investigating several strategic scenarios that have been presented to its shareholder. But major decisions are expected to be delayed until after Latvia’s general elections slated for October.
The U.S. Transportation Department’s (DOT) statutory deadline for making a decision on Norwegian Air International’s (NAI) application for an exemption to serve the U.S. is up this weekend, meaning a decision could be imminent.
Porter Airlines parent Porter Aviation Holdings Inc. (PAHI) is exploring a sale-leaseback of its passenger terminal at Billy Bishop Toronto City Airport. PAHI says the move would allow it to focus more on its core airline business. The terminal, built by PAHI, handled more than 2 million passengers in 2013, making Bishop the ninth busiest airport in Canada
LAS VEGAS—Spirit Airlines would need twice as many aircraft as it has on order to satisfy demand it projects in the next decade, a major reason the airline is not concerned about Frontier Airlines’ entry into the ultra low-cost space, Spirit CEO Ben Baldanza said this week in an interview.
LAS VEGAS—American Airlines acknowledges Asia is a “weakness” in its network but points to recently launched routes to the continent and strong Oneworld alliance partnerships with Japan Airlines and Cathay Pacific as factors that will make the U.S. carrier a stronger player in an increasingly important region.
Turkish Airlines posted a net profit of TRY172 million ($80.9 million) for the first-half of 2014, up 42.1% compared to a year-ago. Operating revenue for the January-June period was TRY11.3 billion, up 37.8% year-over-year. First-half expenses were up 41.6% to TRY10.99 billion, resulting in an operating profit of TRY312 million, more than double the carrier’s reported operating profit during 1H 2013.
Japan Airlines has signed a letter of intent for 32 Mitsubishi Regional Jets, which will eventually form the backbone of its domestic regional jet fleet and has also placed an order with Embraer to cover its more immediate fleet-replacement needs. The MRJ deliveries would begin in 2021. The Embraer order, meanwhile, includes a total of 15 E170s and E190s to be delivered from next year.
