FedEx Corp. has completed the acquisition of Supaswift businesses in seven southern African countries, giving its FedEx Express unit direct access to an extensive delivery network in the region.
African budget carrier Fastjet has confirmed it has temporarily suspended operations in Angola as part of a major restructuring program aimed at turning around its loss-making Fly540 businesses there and in Ghana.
Philippine low-cost carrier (LCC) Cebu Pacific Air has applied to the country’s Civil Aeronautics Board (CAB) to be designated as the official Philippine carrier to New Zealand.
Airberlin, which announced a net loss of €315.5 million ($437 million) for 2013, will reduce capacity 20% on its Spanish domestic routes, one of its main markets.
Atlas Air Worldwide Holdings reported first-quarter net income of $7.9 million, down 60.4% from a net profit of $20.1 million posted in the year-ago quarter.
The Malaysia Transport Ministry’s first report on the probe of Malaysia Airlines Flight 370 (MH370), released Thursday, adds few relevant details to the little already known about why the flight disappeared, while recommending that the industry explore real-time tracking of aircraft.
German investor Intro Aviation—which has finalized the acquisition of Irish regional CityJet and its subsidiary Belgium-based VLM—is looking to replace its fleet of Avro RJ85 aircraft and will decide on the type “by the end of this year,” a senior executive said Thursday.
UK-based startup Odyssey Airlines has decided to use crowdfunding—a collection of finances from backers—to raise £5 million ($8.4 million) of equity capital as it pursues plans for a mid-2016 launch.
Bombardier reported first-quarter net income of $115 million, down 22.3% from a net profit of $148 million in the prior-year period, on essentially flat revenue of $4.35 billion.
Republic Airways Holdings—parent of Chautauqua Airlines, Republic Airlines and Shuttle America—reported first-quarter net income of $14 million, up significantly from $0.3 million in the year-ago quarter.
China’s big four carriers were hit hard by exchange losses resulting from yuan depreciation in the first quarter as they either reported sharp profit declines or net losses.
Mexican ultra low-cost carrier (ULCC) Volaris posted a first-quarter net loss of MXP370 million ($28.3 million), widened from a MXP65 million net loss in the year-ago period.
Central Asia-based Uzbekistan Airways is converting its two Boeing 767-300ERs into freighters to expand cargo operations from Tashkent to Shanghai Pudong, Hong Kong and Guangzhou.
SriLankan Airlines has formally joined oneworld during a ceremony at Mattala Rajapaksa International Airport (HRI), marking the first carrier from the Indian subcontinent to join an alliance.
Ryanair has agreed to purchase five additional Boeing 737-800s, adding to its current order book of 175 of the type, which it finalized at the Paris Air Show.
