The European Union will soften its stance on including international aviation in its Emissions Trading scheme (ETS) in a bid to help ICAO secure agreement on a global plan at the 38th ICAO General Assembly later this month.
Xi’an-based Joy Air plans to launch Hefei Airlines in conjunction with Hefei municipal government, according to Joy Air general manager Zhou Qingsheng.
Norwegian Air Shuttle has delayed the commercial debut of its second Boeing 787 by four days due to problems with warnings from its brake system. A Norwegian spokesman told ATW that the aircraft was due to enter service Sept. 2, operating flights from Stockholm to New York and Bangkok.
The Turkish Competition Authority has again placed Turkish Airlines under investigation after an Ankara Administrative Court moved to reassess a 2010 complaint lodged by Pegasus Airlines claiming Turkish had abused its dominant position in the market “by engaging in exclusionary practices with its outbound Istanbul Atatürk domestic and international flights.”
Latvia’s airBaltic has posted a second-quarter net profit of €1.37 million ($1.8 million), reversing a loss of €10.15 million during the same period last year, and exceeding its own forecasts.
Cathay Pacific Airways has filed a formal objection to the application for an air transport operating license by Qantas low-cost subsidiary Jetstar Hong Kong on the grounds it is not a Hong Kong-based airline.
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.
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.
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.
