Airlines & Lessors

Nantong-based regional Sutong Airlines is scheduled to launch in 2014, according to the Jiangsu provincial government website.

General Electric, parent of GE Aviation, has completed the acquisition of Italian aerospace company Avio for $4.3 billion.

IATA’s global air freight figures for June reflect modest 1.2% year-over-year growth in demand, an improvement on May’s 0.9% year-over-year performance.

Russia’s Yakutia Airlines launched its first Sukhoi Superjet 100 (SSJ100) flight from Japan’s Niigata to Vladivostok in the Russian Far East July 30.

Hong Kong-based Cathay Pacific Airlines is still facing weak worldwide cargo demand.

Source Source: ATW Research

Airbus parent EADS announced it will rebrand in 2014 to Airbus Group, which will consist of three divisions: Airbus (commercial aircraft), Airbus Defense & Space, and Airbus Helicopters.

All Nippon Airways (ANA) has ordered three additional Boeing 777-300ERs. ATW reported on plans for this order Tuesday.

Aer Lingus reported an interim net loss of €2.5 million ($3.1 million) for the six months ended June 30, widening 400% from a €0.5 million loss in the year-ago period.

The Russian government has approved a 25.5% stake sale in Sibir Airlines to S7 Group, which already owns a 71.3% stake in the carrier.

Baltic flag-carrier Estonian Air reported first-half net loss of €5.8 million, narrowed from a €14.9 million net loss year-over-year.

Kuwait-based Jazeera Airways Group has reported its 12th consecutive profitable quarter as it announced its second-quarter and first-half results.

SAS Group finalizes sale/leaseback deal for six Boeing 737s

Philippine flag carrier Cebu Pacific Air has signed operating lease agreements on two new Airbus A330-300s with US-based lessor Intrepid Aviation.

FLY Leasing has taken delivery of a new Boeing 777-300ER aircraft on a sale and leaseback transaction with LATAM Airlines Group.

Source: Airports Council International

Source: Airports Council International

ANA Group plans to launch a new Japanese low-cost carrier, acquire Pan Am Holdings and order three new Boeing 777-300ERs and a 767-300F under its 2013-15 corporate strategy.

Japan’s All Nippon Airways posted a first-quarter fiscal net loss of ¥6.6 billion ($67 million), reversed from a net profit of ¥668 million in the year-ago quarter, ending June 30.

Calgary-based WestJet has reported second-quarter net income of C$44.7 million ($42.5 million), up 2.6% from C$42.5 million in the year-ago quarter.

Ryanair reported a first-quarter net income of $78 million ($103.6 million), down 21% from a €99 million profit in the year-ago period.

African low-cost carrier Fastjet has firmed up its Dar es Salaam-Johannesburg launch for Sept. 27, marking its debut international route.

JetBlue Airways reported second-quarter net income of $36 million, down 31% from $52 million in the year-ago quarter.

Tianjin-based Okay Airways, which is awaiting regulatory approval to launch a regional venture, is now seeking to expand into the international market.