Airlines & Lessors

LOT Polish Airlines has deferred its second tranche of public aid and detailed plans to cut a series of routes as part of its bid to achieve sustained profitability by 2015.

Weak European market conditions mean that Ryanair is now expecting to hit the lower end of its €570-€600 million ($751-$791 million) full-year net profit guidance.

The falling rupee has forced Indian carriers to sharply increase domestic and international air fares.

British Airways will launch flights between London Heathrow and Austin in Texas using its new Boeing 787 twinjets next year.

SAS Scandinavian Airlines reported third-quarter net profits of SKr844 million ($129.5 million), a 58.1% improvement over a net profit of SKr534 million in the year-ago period when it feared bankruptcy.

Air Seychelles has reported a second-quarter revenue of $26 million, more than doubling the prior-year’s second-quarter intake of $10.9 million.

Start-up carrier Greenland Express, which had plans to launch services between Greenland and Denmark this year, has now lost its investors.

A Brazilian court has ordered GOL to rehire 850 former Webjet employees, who were laid off when GOL closed down the subsidiary in November 2012.

Delta Air Lines has placed a firm order for 40 Airbus aircraft comprising 10 A330-300 and 30 A321ceos for delivery between 2015 and 2017.

LAN Colombia will join oneworld from Oct. 1, the first of the merged LATAM airlines to join the alliance.

Bankrupt Indian carrier Kingfisher Airlines has filed a lawsuit against International Aero Engines (IAE), the carrier stated in its annual report.

The Latin American and Caribbean Air Transport Association (ALTA) has named Eduardo Iglesias executive director.

Oslo-based low-cost carrier Norwegian Air Shuttle will establish a fully owned asset management company, which will be incorporated under the laws of Ireland and will have the US dollar as its functional currency.

Fastjet has agreed to carry cargo for African cargo specialist BidAir after conducting a feasibility study.

Germania has confirmed to ATW it will end a wet-lease contract with airberlin on two Boeing 737-700s by the end of the summer schedule.

IATA has reported “solid” July growth in global passenger traffic with overall RPKs rising 5% and capacity increasing 5.5% year-over-year.

Southwest Airlines has reached a tentative collective bargaining agreement with flight attendants of AirTran Airways, a wholly owned subsidiary of Southwest Airlines.

Lufthansa announced it needs to add 500 cabin crew members for 2014 as the German carrier adds larger aircraft.

FedEx Express has taken delivery of its first Boeing 767-300 freighter as part of its fleet modernization strategy.

Delta Air Lines and Virgin Atlantic Airways have received US Department of Transportation (DOT) backing for their planned transatlantic joint venture (JV).

Vienna Labor and Social Affairs Court is questioning the legal validity of Austrian Airlines’ transfer of flight operations—which included a fleet of some 80 aircraft and 2,100 employees— to subsidiary Tyrolean Airways.

Irish regional Aer Lingus, which was looking to combine with another carrier in 2012, has more recently explored a variety of merger and acquisition scenarios, according to information released by the UK Competition Commission (UKCC).

Aegean Airlines has rebounded in its second-quarter performance, posting €17.7 million ($23 million) in net profit, a considerable turnaround from a loss of €13.5 million during the year-ago period.

China Eastern Airlines reported a first-half net profit of CNY763.3 million, down 23% compared to a net income of CNY995.1 million in the year-ago period, according to the carrier’s statement released by the Shanghai Stock Exchange.