Air Transport

SOUTH AFRICAN AIRWAYS secured post commencement funding of R3.5b from the Development Bank of Southern Africa to meet interim liquidity requirements
Air Transport

AIR VANUATU plans April 2020 to open new domestic hub at Santo with one dedicated Twin Otter; Santo will also house new engineering base to handle its
Air Transport

ALLEGIANT AIR earned $97.4m in 4Q19 (vs $68.2m in 4Q18) on 11.4% higher revenues, and $388.7m in 2019 (vs $255.9m in 2018) on 9.8% higher revenues; it
Air Transport

BOC AVIATION signed 87 lease commitments and took delivery of 54 aircraft in 2019 (it had been scheduled to take delivery of 79 aircraft) vs 92 and 55
Air Transport

By Sean Broderick
The NTSB is urging Brazil’s National Civil Aviation Agency (ANAC) and the FAA to mandate Embraer E-Jets control column wiring inspections, revamp maintenance pr
Air Transport

By Michael Bruno
Wichita-based aerostructures leader Spirit AeroSystems has fired its relatively new chief financial officer and another executive after it found a lack of accounting procedure compliance regarding recent unidentified liabilities.
Air Transport

By Ben Goldstein
A $760 billion, five-year infrastructure plan unveiled Jan. 29 by U.S. House Democrats revived a long-running dispute over whether to increase a user fee used to finance airport construction and renovation projects.
Air Transport

By Jens Flottau
Lufthansa is close to terminating its long-standing cooperation with Condor after LOT Polish Airlines parent Polish Aviation Group (PGL) announced Jan. 24 that it would buy the German leisure airline.
Air Transport

Weekly profile of a major airlines.
Air Transport

By Sean Broderick
Boeing does not see simulator capacity as an issue that will delay the 737 MAX’s return to service (RTS) and is working with operators to develop plans for training MAX pilots under the assumption that immediate simulator time will be mandated.
Air Transport

AIRASIA X carried 6.1m pax in 2019, down 2% vs 2018; capacity also dropped 2%. It ended year with 32 A330s.
Air Transport

AIRASIA GROUP carried 51.6m pax in 2019, up 16% vs 2018; capacity rose 16%. It ended year with 149 A320s.
Air Transport

Max Kownatzki to Chief Executive Officer of SunExpress, Turkey (effective April 15); Jens Bischof will now lead Eurowings.
Air Transport

By Michael Bruno
Last year turned out to be the ugliest for Boeing’s finances in a generation, with the Chicago-based manufacturer of the 737 MAX and other aerospace and defense products reporting a net loss of $636 million.
Air Transport

By Ben Goldstein
Alaska Airlines is evaluating options for a large aircraft order later this year to replace its fleet of aging Airbus A320-family aircraft.
Air Transport

By Alan Dron
Plans for a major expansion of London Stansted airport have been halted in their tracks after the local council refused planning permission for the scheme.
Air Transport

Juan Carlos Zuazua to Chief Executive Officer of VivaAerobus, Mexico.
Air Transport

By Alan Dron
Lithuania-based aviation conglomerate Avia Solutions Group is to acquire Icelandic freight specialist Bluebird Nordic Cargo.
Air Transport

By Victoria Moores
South African Airways (SAA) has secured R3.5 billion ($240 million) in funding from the Development Bank of Southern Africa (DBSA), which will be used to provide short-term liquidity.
Air Transport

By Ben Goldstein
Brazil’s Azul has inked agreements to sublease up to 53 of its Embraer E195 jets to LOT Polish Airlines and U.S. airline startup Breeze Aviation Group.
Air Transport

ALASKA AIR GROUP had $181m net income for 4Q19 (vs $23m in 4Q18) on 8% higher revenues, and $769m net income for 2019 (vs $437m in 2018) on 6% higher
Air Transport

SMBC AVIATION CAPITAL closed $600m syndicated financing transaction with consortium of Asia Pacific/European banks.
Air Transport

BROWARD AVIATION SERVICES, FL acquired ex-AtlasGlobal A319-100 (1124) for part out in Wales.
Air Transport

By Victoria Moores
Central and Eastern European LCC Wizz Air has increased its full-year net profit guidance to €350-€355 million ($386-$391 million), up from €335-€350 million, after posting 42.4% net profit growth for its fiscal 2019 third quarter (Q3).
Air Transport

ABL AVIATION, Ireland arranged equity financing (combining debt with JOLCO equity) for eight A320s for LATAM.
Air Transport