The Czech government may again try to privatize CSA Czech Airlines (OK) before the carrier completes a three-year ongoing restructuring process in 2013, according to Czech Prime Minister Petr Necas.
The International Airlines Group (IAG), parent company of British Airways and Iberia (IB), has unveiled a major restructuring plan for subsidiary Iberia (IB) after a poor third-quarter performance.
The International Airlines Group (IAG), parent company of British Airways and Iberia (IB), reported a third-quarter operating profit of €270 million ($344 million), down 25.6% from an operating profit of €363 million, before exceptional items—€301 million excluding British Midland International (bmi)—in the year-ago period.
Air Canada (AC) reported a third-quarter net income of C$429 million ($432.2 million), reversed from a net loss of C$124 million in the year-ago quarter.
Copa Holdings, parent of Panama’s Copa Airlines (CM) and Copa Airlines Colombia, posted third-quarter net income of $111.9 million, up 59.1% from a $70.3 million net profit earned in the year-ago period.
SAS Scandinavian Airlines has deferred publication of its third-quarter results while it works to finalize credit lines and cement plans to sell-off of some of its assets.
Baltic’s state-owned Estonian Air (OV) reported a nine-month loss of €20.2 million ($25.9 million), nearly doubled from €11.2 million in the year-ago period.
Airbus parent EADS reported third-quarter net income of €309 million ($395.7 million), down 1% from a €312 million net profit in the year-ago period, on a 15% rise in revenue to €12.32 billion.
Russian and Cuban authorities are considering a new joint Cuba-based airline, according to the Russian government daily newspaper, Rossiyskaya Gazeta, which quoted deputy minister of transport Sergey Aristov.
International Airlines Group (IAG), parent company of British Airways and Iberia (IB), has confirmed it is planning to launch a formal cash takeover bid for Spanish carrier Vueling (VY) in early 2013, valuing the airline at €209 million ($268 million).
Asiana Airlines (OZ) has posted a third-quarter consolidated net profit of KRW80.2 billion ($73 million), a turnaround from a net loss of KRW34.7 billion for the same period a year ago.
Taiwanese airline TransAsia Airways (GE) has placed a follow-on order for six Airbus A321neos, which will be powered by Pratt & Whitney PW1100G engines.
Calgary-based carrier WestJet (WS) reported a third-quarter net income of C$70.6 million ($70.96 million), up 79.9% from a C$39.3 net profit in the year-ago quarter.
Utah-based SkyWest Inc., parent company of SkyWest Airlines and ExpressJet, reported a third-quarter net income of $20.9 million, up significantly from a $116,000 profit in the year-ago period
Aer Lingus (EI) reported a third-quarter operating profit of €90.9 million ($116.3 million), down 2.9%, compared to €93.6 million in the year-ago quarter.
Kenya Airways (KQ) reported first-half revenue of KES49.8 billion ($571 million), down 9.35% from KES54.9 billion in the year-ago period, resulting in a first-half pre-tax loss of KES6.6 billion.
BBA Aviation Engine Repair and Overhaul named Wayne Thomson regional field service engineer-Australasia. Prior to this appointment, he spent 14 years at Pratt & Whitney Canada in its Brisbane-based overhaul, repair and field service operation. Safran Engineering Services elected Bruno Bernard as president, replacing Bruno Bergoend who was named CEO of Technofan. Bergoend replaces Thierry Lasbleis who was appointed special advisor to Turbomeca’s corporate management.
South African low-cost carrier (LCC) 1time Airline (T6) has gone into liquidation, grounding all of its operations and stranding hundreds of passengers.
Kenya Airways (KQ) is still evaluating the launch of budget arm Jambo Jet and has recently secured approval for the carrier as a Boeing 737-300 operation.
Air Berlin (AB) has taken legal action against Berlin Brandenburg Airport operator Flughafen Berlin Brandenburg GmbH (BER) for damages resulting from the airport’s delayed opening.
International Airlines Group (IAG), parent company of British Airways (BA) and Iberia (IB), is considering the purchase of Spanish low-cost carrier Vueling (VY).
China Southern Airlines (CZ) subsidiary Xiamen Airlines (MF) is expected to formally join SkyTeam alliance Nov. 21, paving the way for its ambitious international expansion.
Chinese sovereign wealth fund China Investment Corp. (CIC) has purchased a 10% stake in Heathrow Airport Holdings (formerly BAA) through its wholly owned subsidiary Stable Investment Corp. Stable bought a 5.72% stake of FGP Topco, the holding company that owns Heathrow Airport Holdings, from the company’s largest shareholder Ferrovial for £257.4 million ($414.4 million). As part of the same transaction and at the same share price, Stable purchased a further 4.28% from other FGP Topco shareholders for £192.6 million.
