Airlines & Lessors

American International Group (AIG) has agreed to sell 80.1% of International Lease Finance Corp. (ILFC) to a consortium of Chinese investors for $4.23 billion in cash.

China Airlines will order six Boeing 777-300ERs as a part of a fleet renewal plan to meet the fast-growing market demand.

Turkish Airlines has firmed up its commitment for 15 Boeing 777-300ERs and five options in a deal valued at $4.7 billion.

American Airlines chairman, president and CEO Tom Horton said parent company AMR Corp. will “soon” make a decision on whether to emerge from bankruptcy protection as a standalone entity or as part of a merged carrier with US Airways.

Spot Cash Markets Price of aviation jet fuel as of November 2 , 2012

Jet Fuel Price $/gallon

Lufthansa will introduce a new premium-economy class on its long-haul fleet as first-class demand weakens.

October 2012 BOEING DELIVERIES

American Airlines pilots on Friday voted to ratify a new union contract.

The government has given South African Airways (SAA) until February to find a new CEO following the sudden resignation of CEO Siza Mzimela.

AIRLINE TRAFFIC BY REGION Airline Pass.

Oneworld is eyeing new Asian members as it waits to hear TAM Airlines’ alliance decision and looks to integrate Malaysia Airlines, Sri Lankan Airlines and Qatar Airways.

International passenger traffic/July 2012 RANK

Cameroon Airlines Corp. (Camair-Co) told ATW it is planning to order up to three Boeing 787s and three Chinese MA60 turboprops.

American International Group (AIG) said Friday it is “in discussions” to sell 90% of aircraft leasing giant International Lease Finance Corp. (ILFC) to Chinese investors.

Hainan Airlines’ subsidiary Hong Kong Airlines is considering changing out its Airbus A380 orders in favor of the A330 and delaying the A380 delivery date.

Lufthansa is evaluating measures to reduce costs on its long-haul network.

Air Canada appointed Annette Verschuren, O.C. to its board of directors. Verschuren is past president of The Home Depot Canada where she oversaw the company's growth from 19 to 180 Canadian stores and led its entry into China.

Mitsubishi Aircraft Corp. has appointed its president Hideo Egawa to chairman and CEO, effective Jan. 1.

India’s airline passenger traffic has fallen about 16% in October compared to a year ago, according to Directorate of Civil Aviation.

Ukranian AeroSvit Airlines and Moscow Sheremetyevo International Airport have been in a clash over the carrier’s debt of RUB 95 million ($3 million).

Lufthansa will give a new identity to its low-cost subsidiary Germanwings next year as it transfers its non-hub routes to the LCC from July 1.

Delta Air Lines has placed a firm order for 40 Bombardier CRJ900s valued $1.85 billion at list prices, and took options on another 30 CRJ900s.

A Romanian court of appeals has ruled to cancel alleged state aid offered by Timisoara Airport to Wizz Air, upholding a ruling from the Timis Tribunal last year.

Qantas has scrapped plans to offer Wi-Fi onboard its Airbus A380s following average customer take-up of less than 5% during a nine-month trial.