German automotive manufacturer Daimler is proceeding with its proposed sale of a large portion of EADS shares to the German government, following Wednesday’s collapse of merger talks between EADS and BAE Systems.
American Airlines (AA) said it is continuing to experience operational disruptions and will reduce its flight schedule through the first half of November by 1%.
Lufthansa (LH) has confirmed plans to switch all its non-hub short-haul services to low-cost subsidiary Germanwings (4U), and said it will release further scheduling and branding details in December.
Russia’s Aeroflot Airlines (SU) signed an agreement with Moscow Sheremetyevo Airport (SVO) to release airport terminals D, E and F for the carrier, its sister companies and SkyTeam partners.
Volga-Dnepr Technics (VDT), a sister company of Russia’s Volga-Dnepr Group, has launched an aircraft line maintenance station at Frankfurt airport (FRA).
FedEx said it is seeking $1.7 billion in annual profitability improvement by 2016 and indicated that cuts and changes to its air-intensive FedEx Express unit will be central to achieving the earnings increase.
Ryanair (FR) has withdrawn its bid to take a stake in London Stansted airport (STN) after airport owner Ferrovial told the carrier it will block its bid.
Airbus parent company EADS and UK defense company BAE Systems have ended discussions on a potential merger after failing to overcome political hurdles.
The Indian Ministry of Finance has approved an unconditional and irrevocable guarantee for Air India’s (AI) non-convertible debenture bonds for about $1.5 billion.
RAK Airways (RT) plans to expand its fleet to four aircraft by the end of 2013 to stabilize its network, add new destinations and boost frequencies on newly launched domestic flights.
American Airlines’ oneworld partners expressed their support for the carrier as it navigates through a turbulent period in its Chapter 11 bankruptcy restructuring.
Mexico’s Interjet’s (4O) first Sukhoi Superjet 100 (SSJ100) has arrived in Venice, Italy at the Sukhoi Superjet International (SJI) base to be customized for service in Mexico.
New Japanese regional carrier LINK—which will launch in 2013—will acquire three ATR 72-600s, becoming the first carrier in Japan to operate ATR aircraft.
Doric Asset Finance has rebranded, changing its name to Doric. The rebranding is intended to reflect “the company’s growth across different markets and conveys its performance and experience since its establishment in 2005,” it said.
Santiago de Chile-based LAN Airlines and Brazil’s TAM Airlines, subsidiaries of the new LATAM Airlines Group, are moving to fill some of the gap left by Uruguay’s Pluna (PU), which suspended operations July 3.
Abu Dhabi-based Etihad Airways (EY) said it is confident of full-year profitability due to synergies with its partner airlines despite the challenging global economic environment.
Qatar Airways (QR) was officially invited to join oneworld Monday and appears set to become the first major Gulf carrier to enter into one of the three global airline alliances when it becomes a full member in 12-18 months.
