Air Connection Express—a consortium of Angolan airlines, airport oversight and operations entities—has firmed an order for six Q400 turboprops from Canadian manufacturer Bombardier, valued at approximately $198 million at list prices.
Ethiopian Airlines placed a follow-on order for 10 Bombardier Q400s, plus purchase rights for five additional Q400 turboprops, the Star Alliance member said.
Rising fuel costs combined with a planned ramp up in capital expenditures put dents in most of WestJet’s key first-quarter income metrics, and the carrier is responding by fast-tracking a cost-reduction initiative.
Lufthansa Group plans to focus its future growth on its hubs in Munich, Vienna and Zurich while pulling capacity out of Frankfurt for the time being, CEO Carsten Spohr told the company’s annual shareholder meeting on May 8.
EasyJet is continuing its expansion out of Berlin, which has become a focus city for the UK LCC, and is part of its strategy to hold dominant market shares in the large European cities where it has bases.
Aeromexico’s capacity adjustments to offset weakness in its home market appear to be paying off, as the carrier boosted domestic RPKs and load factor in April, even as it continued to trim capacity.
Uber is releasing common reference models for electric VTOL configurations in an effort to encourage industry collaboration on tackling technical challenges.
Bombardier Commercial Aircraft has signed a firm purchase agreement for six new Q400 aircraft with African Aero Trading on behalf of the consortium forming Air Connection Express, Transportes Aereos S.A, based in Luanda, Republic of Angola.
Chorus Aviation boosted year-over-year (YOY) first-quarter adjusted earnings 43% and operating revenue 9% on the strength of its growing aircraft leasing business.
Air cargo operator Atlas Air Worldwide Holdings reported a $9.6 million net profit for the first quarter of 2018, reversed from a $752,000 net loss in the 2017 March quarter, a turnaround that encouraged the Purchase, New York-based company to upwardly revise its full-year 2018 revenue outlook to over $2.5 billion.
József Váradi, the CEO of Central and Eastern European LCC Wizz Air, said that newly launched Wizz Air UK could be used as a vehicle to acquire assets from other airlines.
Global air passenger traffic in March grew at its fastest monthly pace in a year—up 9.5% year-over-year (YOY)—driven by a generally strong global economic backdrop, according to IATA’s latest Air Passenger Market Analysis.
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.
