Irish LCC Ryanair’s net profit for its financial year ended March 31 rose 10% year-over-year (YOY) to €1.45 billion ($1.71 billion), delivering a 20% net margin, even after the carrier canceled thousands of flights in fall 2017.
Finnair CEO Pekka Vauramo is planning to step down by November to become CEO of Metso Corporation, a Finnish industrial machinery company that specializes in mining and related industries.
U.S. scheduled charter operator JetSuite is the launch customer for Zunum Aero’s hybrid-electric regional aircraft, which is scheduled for delivery beginning in 2022.
A reported 108 people were killed May 18 when a Cubana de Aviacion Boeing 737-201 crashed shortly after takeoff from Havana’s Jose Marti International Airport.
Peter W. Carter, Executive VP & Chief Legal Officer, Delta Air Lines
The foundation of President Trump’s presidential campaign was putting American jobs first and ensuring that our trade deals are fair and beneficial to all. A recent landmark agreement with the UAE, as well as a previous deal with Qatar, addressing unfair airline subsidies is a major step toward achieving that campaign promise.
Oman Air announced a new first-class “mini-suite” on its fleet of Boeing 787s, as it responds to new premium products from other Middle East airlines, such as Emirates Airline and Qatar Airways.
Fast-growing Budapest-based LCC Wizz Air is allocating two new Airbus A320s to its London Luton Airport-based fleet, accompanying the launch of two routes to Larnaca, Cyprus and Lviv, Ukraine.
Singapore Airlines (SIA) is taking another major step in streamlining its group structure, announcing plans to merge its SilkAir subsidiary into the core parent carrier.
Danish regional aircraft lessor Nordic Aviation Capital (NAC) has acquired all the aircraft owned by Aldus Aviation Fund (AAF), comprising 29 Embraer E-Jets.
At its second Elevate Summit in Los Angeles last week, Uber described an ambitious end-state vision for its aerial ridesharing initiative. Guy Norris and Graham Warwick were there for the eye-opening presentation and discuss the challenges to realizing Uber’s vision with Mark Moore, the man behind its plans to fill the skies over the world’s most congested cities with electric VTOL air taxis.
Scandinavian Airlines (SAS) has launched high-speed Wi-Fi on its short- and medium-haul routes between Scandinavia and Europe, allowing passengers to start streaming and browse the internet once aircraft are airborne.
Korean Air fell to a net loss of KRW10 billion ($9.2 million) in the first quarter, with the decline largely attributed to exchange rate movements and higher costs.
In its third version this week of what was agreed between the U.S. and the United Arab Emirates (UAE) on their Open Skies aviation deal, the White House now says there is an “understanding” that UAE airlines have “no current plans” to add fifth freedom flights, but makes no mention of a routes freeze.
A bipartisan group of U.S. senators on the Senate Homeland Security and Governmental Affairs Committee has introduced legislation to expand the federal government’s powers to act against drones deemed threatening to the public.
The European Union (EU) and the U.S. are moving closer to a long-awaited agreement to remove time limits from wet-leasing contracts after the European Council gave the European Commission the green light to negotiate with its U.S. counterpart.
PARIS–The European Aviation Safety Agency (EASA) has published a safety information bulletin highlighting the issue of dark-colored aircraft not being recognized by advanced visual docking guidance systems (A-VDGS).
Air Canada, citing market conditions, does not plan to exercise options it holds for Boeing 787s, CFO Michael Rousseau said at a recent industry event.
