ACE Aviation Holdings has sold its 31 million shares of Air Canada (AC) to Cormark Securities, four years after its initial attempt to dissolve the company.
Lufthansa Group (LH) has raised €307 million ($389.7 million) from the sale of a 3.61% stake in IT firm Amadeus, reducing its total shareholding from 7.61% to 4%.
LATAM Airlines Group—the merger created between Santiago de Chile-based LAN Airlines and Brazil’s TAM Airlines—reported a third-quarter net income of $21.3 million, representing the first three months of integrated business between the two carriers.
Azerbaijan Airlines (J2) has placed a firm order for four Embraer E-190s, valued at $181 million, and has purchased two used Embraer E-170s from ECC Leasing.
Tianjin-based Okay Airways (BK) has inked an agreement with the Aviation Corp. of China’s (AVIC) subsidiary Xi’an Aircraft International Corp. for three MA60s.
Loyalty management company Aimia has reached an agreement with Grupo Aeromexico to acquire an additional 20% in Premier Loyalty & Marketing (PLM) for $88 million.
Qatar Airways (QR) has taken delivery of its first of 30 Boeing 787s. The aircraft, the first to be delivered to an airline in the Middle East, will be used on its Dubai, London Heathrow, Delhi and Zurich routes.
Continental (CO) and United Airlines (UA) pilots, represented by the Air Line Pilots Assn. (ALPA), have voted to accept a tentative agreement on a joint collective bargaining agreement reached with United Continental Holdings.
The Emirates Group—parent of Emirates Airline (EK) and aircraft-handling-to-inflight-catering company dnata—posted an AED2.1 billion ($575 million) net profit for the first six months, up 68% from AED1.3 billion in the year-ago period.
Irish low-cost carrier (LCC) Ryanair (FR) has no interest in the forthcoming Boeing 737 MAX, preferring to pick up possible “end-of-line” bargains of the existing Boeing 737NG or Airbus A320 models.
Gulf Air (GF) has renegotiated its 2008 orders covering 20 Airbus A330s and 24 Boeing 787s, agreeing instead to take up to 24 A320s and a maximum of 16 787s.
SAS Scandinavian Airlines has unveiled a SEK3 billion ($444 million) restructuring plan, which includes the sale of Norwegian regional airline Wideroe (WF) and 800 job losses, describing this as the “final chance” to safeguard its future.
Libya-based Afriqiyah Airways (8U) has placed a follow-on order for four Airbus A350 XWBs and converted its earlier order for six A350-800s to the larger A350-900.
Ed Winter, the CEO of African budget start-up FastJet, has outlined a rough sequence for the markets which FastJet plans to enter using the air operator’s certificates of Fly540.
