Air France said it expected to operate 80% of its flights on May 8, the 15th in a series of day-long strikes over pay that have rocked the carrier and led to the resignation of Air France-KLM group CEO Jean-Marc Janaillac after employees voted against his pay proposal plan.
Boeing has signed an MOU for an 80-20 commercial aviation JV with Embraer worth $4.75 billion, to be headed by Brazil-based management and accretive to Boeing earnings per share from 2020.
The International Air Transport Association (IATA) announced today that Qatar Airways Group Chief Executive, His Excellency Akbar Al Baker, has assumed his duties as Chairman of the IATA Board of Governors (BoG) for a one-year term effective from the conclusion of the 74th IATA Annual General Meeting in Sydney, Australia.
Leaders of specialty products provider Esterline Technologies, which provides components for a number of commercial aircraft programs, have indicated they do not see other immediate troubled assets that should be sold off as the company recently did with the Kirkhill elastomers unit to TransDigm Group.
As Airbus and Zodiac Aerospace refine the design of the lower-deck cabin module they plan to offer on the A330, potential airline customers still have to find a way to use the extra space and, eventually, a business case needs to be made.
South Korea’s Asiana Airlines slipped to a net loss of KRW5.4 billion ($5 million) in the first quarter, although it also recorded its highest operating profit in three years during this period.
The U.S. National Transportation Safety Board (NTSB) has made public evidence from its ongoing investigation of a July 7, 2017 incident at San Francisco International Airport in which an Air Canada Airbus A320 that was cleared to land mistakenly lined up on a parallel taxiway, then barely avoided a disaster.
International Airlines Group (IAG) CEO Willie Walsh sharply criticized the performance of some of the airline group’s key suppliers, including Airbus and Rolls-Royce, over delays in aircraft programs and reliability issues that have severely impacted IAG’s fleet and capacity planning.
Air France-KLM CEO Jean-Marc Janaillac said he will submit his resignation on May 9 after a majority of Air France employees rejected a pay proposal in a staff-wide consultation that had been his high-stakes bid to extract the airline from a costly labor-relations crisis.
Air France-KLM warned its 2018 operating profit would be “notably below” 2017’s operating profit because of the financial impact of ongoing Air France strikes, currency fluctuations and a fuel bill expected to be €350 million ($419 million) higher than last year’s.
UK-based flybmi (formerly known as bmi regional) is looking to expand its fleet beyond its 20 Embraer 135/145 regional jets with Bombardier CRJ900s or E190s, which offer more capacity as the carrier prepares for post-Brexit operations.
Vietnamese LCC Vietjet almost quadrupled its net profit for the three months ended March 31, and the carrier is comfortably ahead of its financial targets for the year to date.
The board of Norwegian Air Shuttle (NAS) said it has rejected two offers for a full takeover by International Airlines Group (IAG) in the weeks since IAG made its initial small investment in Norwegian public on April 12.
International Airlines Group (IAG) posted a significantly higher operating profit in the first quarter and assured investors its full-year result will be better than last year despite rising fuel prices.
The International Air Transport Association (IATA) released demand growth results for global air freight markets for February 2018 showing a 6.8% increase in demand measured in freight tonne kilometers (FTKs) compared to the same period last year.
As EgyptAir made major equipment announcements at the Dubai Air Show, Egypt’s aviation minister, Sherif Fathi, talked to Alan Dron about prospects for the national carrier and the development of the country’s aviation industry.
The group’s future new long-haul routes will usually be launched by Hainan Airlines. Intercontinental development of other HNA carriers will be slowed.
Maintenance records from the Southwest Airlines Boeing 737-700 that experienced an inflight engine failure last month reveal the fan blades of its CFM56-7B turbofan engines, which are suspected of causing the failure, had been overhauled 10,712 engine cycles before the accident, the National Transportation Safety Board (NTSB) reported.
