Chorus Aviation increased its second-quarter (2Q) adjusted net income 9% thanks largely to its growing aircraft leasing business, but unfavorable currency exchange rates helped dragged down the company’s year-over-year (YOY) 2Q net income down 61%.
Saudi Arabia’s aviation regulator, the General Authority of Civil Aviation (GACA), has selected SITA to support the modernization of the country’s airports, starting a major upgrade of airport and communication technology across 26 sites.
Italy’s government is considering involving national railway company Ferrovie dello Stato and public investment bank Cassa Depositi e Prestiti in plans to keep the bankrupt airline in Italian hands, Italian media reported.
As the Canadian ULCC market heats up, Air Canada said it is prepared to leverage the significant flexibility of its Rouge subsidiary to ward off competition, from adding flights in major domestic markets to re-configuring aircraft to match rivals’ all-economy offerings.
Chicago-based United Airlines, Colombia’s Avianca and Panamanian flag carrier Copa Airlines may form a three-way joint business agreement, according to statements released by the two Latin American airlines’ holding companies Aug. 8.
The predicted slowdown of the global air freight market became a clear trend in June, as year-over-year (YOY) growth in the total air cargo market slowed to 2.7%, about half the five-year average growth rate (5.1%), according to IATA’s June Air Freight Market Analysis.
In Namibia, there aren’t many people. This means, as Victoria Moores finds out, that Air Namibia acting managing director advocate, Mandi Samson, recognises the role played by every single member of her team in the airline’s success.
Cumulative problems with late and incomplete fuselages, a shortage of skilled mechanics and the late arrival of CFM engines are continuing to cause production problems for Boeing’s 737, deliveries of which are not expected to recover until the end of the year, the company said.
Potential U.S. suppliers did not progress beyond the request-for-information (RFI) stage for Craic CR929 landing gear, said United Aircraft Corp. (UAC), explaining why only Chinese, European and Russian companies received a request for proposals (RFP).
Aircastle continues to struggle to place more of its Embraer E190-E2-series aircraft slated to begin arriving next year, but the lessor is confident that the Embraer-Boeing tie-up and the aircraft’s recent entry into service will help entice new customers.
The president of the Air France branch of the French pilots’ union SNPL said appointing Air Canada executive Benjamin Smith as the new CEO of Air France-KLM would be a “grave error.”
The central African nation of Chad will launch its new national airline on Oct. 1 after documents setting it up were signed by the nation’s government and Ethiopian Airlines.
German airports operator Fraport AG Frankfurt Airport Services Worldwide (Fraport AG) has agreed to sell its 30% stake in Flughafen Hannover-Langenhagen (FHLG) to iCON Flughafen (iCON), part of the iCON Infrastructure Group.
A survey by aircraft-connectivity supplier Inmarsat has revealed that 83% of business travelers would rebook with airlines that offer high-quality connectivity, and 74% of business travelers now see inflight Wi-Fi as “crucial.”
The European Union (EU) has asked the World Trade Organization (WTO) to confirm that it is in compliance with WTO rulings on subsidies to Airbus, in the latest step in a 14-year-old dispute between the U.S. and the EU over alleged subsidies to Airbus and Boeing.
Japanese financier ORIX will acquire 30% of Irish lessor Avolon from China’s Bohai Capital for $2.2 billion, with completion of the sale expected in the fourth quarter of 2018.
Kenny Jacobs, Ryanair’s chief marketing officer, believes the airline will reach a collective bargaining agreement with German pilot union VC before the end of the year.
Saudia, the flag-carrier of Saudi Arabia, is suspending services to and from Toronto following a diplomatic spat with Canada. Saudia operates the only nonstop air service between Saudi Arabia and Canada with its 4X-weekly Jeddah-Toronto sector, using a Boeing 787-9.
Aircastle Ltd. posted an adjusted net income of $52.4 million in the second quarter, swinging to profit one year after recording a quarterly loss of $7.1 million, the company reported Aug. 7.
TransDigm has signed a new master contract agreement with leading customer Boeing, representing the key aerospace and defense parts provider’s acquiescence to the latter’s Partnership for Success (PFS) supply chain cost cutting effort.
