Airlines & Lessors

Air China reported a first-quarter net profit of CNY249 million ($40 million), up 3.98% from net income of CNY239.1 million in the year-ago quarter.
Airlines & Lessors

Japan’s Ministry of Land, Infrastructure, Transport and Tourism has approved Boeing’s fix for the 787’s battery system.
Aircraft & Propulsion

By Victoria Moores
Fastjet has named former Air Uganda CEO Kyle Haywood as head of its new South African venture, which is slated to launch May 31.
Airlines & Lessors

By Polina Montag-Girmes
UK low-cost carrier (LCC) easyJet has received approval to operate services between Manchester and Saint Petersburg, the second largest city in Russia.
Airports & Networks

By Polina Montag-Girmes
Embraer is negotiating with AeroSvit owners to deliver three out of five Embraer E-190 aircraft ordered by the carrier.
Aircraft & Propulsion

By Alan Dron
Etihad Airways and Air Canada have agreed to increase cooperation through a new codeshare agreement.
Airports & Networks

By Victoria Moores
Ethiopian Airlines is to take two new Boeing 777-300ERs on 12-year lease from Air Lease Corp.
Aircraft & Propulsion

By Linda Blachly
FedEx Corp. announced that its FedEx Express subsidiary has entered into a new express air transportation contract with the United States Postal Service (USPS).
Airlines & Lessors

By Victoria Moores
China Aviation Supplies Holding Co. (CASC) has signed a provisional agreement to buy 60 Airbus aircraft, comprising 42 A320 family aircraft and 18 A330s.
Airlines & Lessors

By Alan Dron
Aer Lingus recorded a slightly worsened first-quarter loss compared to the previous year and the carrier said it would be reinforcing cost-cutting measures in response.
Airlines & Lessors

Southwest Airlines reported first-quarter net income of $59 million, down 39.8% from a net profit of $98 million in the year-ago period, but more than tripled operating income year-over-year.
Airlines & Lessors

By Karen Walker
United Continental Holdings, parent of United Airlines, has posted a first-quarter net loss of $417 million, including $92 million of special charges, compared with a 2012 first-quarter net loss of $448 million.
Airlines & Lessors

By Victoria Moores
LOT Polish Airlines is to take a Boeing 777 on wet lease from Portuguese operator EuroAtlantic while it awaits the return to service of its 787s, which it expects to happen in June.
Aircraft & Propulsion

Grupo Aeroméxico has reported a first-quarter net loss of MXN122 million ($9.9 million), reversed from a net profit of MXN$135 million last year.
Airlines & Lessors

By Karen Walker
New York-based JetBlue has posted a 2013 first-quarter net income of $14 million, less than half of the $30 million profit recorded for the same period a year ago.
Airlines & Lessors

By Linda Blachly
FAA has proposed a $4 million civil penalty against United Parcel Service (UPS) for allegedly failing to follow FAA-approved procedures for making structural repairs to two DC-8 freighter aircraft and two MD-11Fs.
Safety, Ops & Regulation

By Alan Dron
Kuwait-based Jazeera Airways Group turned in what it described as an “exceptional” first quarter.
Airlines & Lessors

By Linda Blachly
Alaska Air Group, parent of Alaska Airlines (AS) and Horizon Air, earned first-quarter net income of $37 million, down 11% from $41 million in the year-ago period.
Airlines & Lessors

By Linda Blachly
Las Vegas-based Allegiant Travel Co., parent of Allegiant Air, reported first-quarter net income of $31.9 million, up 47.1% compared to $21.7 million in the year-ago period.
Airlines & Lessors

By Alan Dron
Etihad and Jet Airways have signed a long-awaited agreement that will see Etihad taking a strategic shareholding in the Indian carrier, as well as pumping in additional investment.
Airlines & Lessors

By Karen Walker
The merged American Airlines (AA) and US Airways will create an airline with the best domestic feed of the US’s three mega-carriers and will make oneworld the strongest of the global alliances, US Airways president Scott Kirby said Wednesday.
Airlines & Lessors

LOT Polish Airlines expects to bring its two grounded Boeing 787s back into service by mid-June.
Aircraft & Propulsion

Singapore Airlines is increasing its stake in Virgin Australia with the acquisition of a further 9.9% of Virgin Australia shares.
Airlines & Lessors

By Victoria Moores
African low-cost carrier Fastjet, tired of waiting on its planned acquisition 1time, is instead planning to launch services in South Africa May 31 in cooperation with South African investment company Blockbuster.
Airlines & Lessors

By Linda Blachly
Hawaiian Airlines posted a net loss of $17.1 million in the first quarter, reversed from a $7.26 million net profit in the year-ago quarter.
Airlines & Lessors