Qantas and Japan Airlines (JAL) have made a combined equity injection of ¥11 billion ($111 million)—in the form of non-voting shares—in Jetstar Japan, a joint venture between the Qantas Group, Japan Airlines, Mitsubishi Corp. and Century Tokyo Leasing Corp.
Air France-KLM has given Alitalia until Nov. 14 to agree to strict conditions that must be met before it participates in the Italian carrier’s capital increase.
Russia’s Transaero Airlines has reported a net profit of RUB736 million ($22.9 million) for the first nine months ended Sept. 30, up 20% compared to the year-ago period.
US Airways’ transition to oneworld from the Star Alliance is set to happen quickly after the carrier’s merger with American Airline is approved, a senior American executive told ATW this week.
China Southern Airlines reported third-quarter net income of CNY2.16 billion ($352 million), down 2.62% compared to a net profit of CNY2.22 billion in the year-ago quarter.
Air Malta said Thursday it has ended the second year of its five-year restructuring plan with reduced losses, but cautioned that more work is needed to improve further its financial position.
Aegean Airlines, which signed a definitive agreement with Marfin Investment Group to acquire Olympic Air for €72 million ($99.2 million) Oct. 24, presented the benefits of the transaction during a Friday press conference in Athens.
Sukhoi Civil Aircraft Co. (SCAC) has reported a net loss of RUB7.29 billion ($227 million) for the first nine months ended Sept. 30, deepened 2.8 times from a year ago.
Since taking the role of Kuala Lumpur-based AAPA DG in November 2004, Andrew Herdman has expanded the organization’s role to ensure close relationships with regulators worldwide and other industry associations so that Asia-Pacific’s international carriers are well-informed and represented in global policy issues.Herdman spoke with ATW while attending the two-week ICAO Assembly in Montreal where the landmark accord on aviation emissions was reached.
You might think the dream of a small, but growing airline would be to be pitched against a weak national flag carrier. But Marwan Boodai, chairman of Jazeera Airways, would dearly like to see his country’s national airline, Kuwait Airways, become a lot stronger.
Aer Lingus CEO Christoph Mueller has a lot on his plate right now. Like many European airline CEOs, he is driving his carrier to reduce its costs, but on top of this he has low-cost carrier Ryanair as a neighbor, rival, shareholder and would-be owner. Not many airline CEOs would want to trade places.
Lufthansa Group subsidiary Austrian Airlines reported a nine-month operating profit (before one-time effects) of €19.4 million ($26.23 million), improved by €10.3 million over the year-ago period.
Swiss International Air Lines reported an operating profit of CHF209 million ($233 million) for the first nine months, up 13% from CHF185 million for the same period last year.
Embraer has reported third-quarter net income of $52.9 million, down 19.1% from a net profit of $65.4 million in the prior-year period, as commercial aircraft deliveries lagged last year’s deliveries.
Montreal-based Bombardier reported net profit of $147 million for the third quarter ended Sept. 30, down 14.5% from $172 million in the year-ago quarter.
Russia’s Aeroflot reported a nine-month net income of RUB19.297 billion ($601 million) for the period ended Sept. 30, up 40% compared to the year-ago period.
