Airlines & Lessors

Croatia Airlines employees went on strike Tuesday, causing about 30 flight cancellations through Wednesday.

British Airways and Iberia parent International Airlines Group (IAG) is offering €390 million worth of convertible bonds to fund its acquisition of Spanish carrier Vueling.

Copa Holdings, parent of Panama’s Copa Airlines and Copa Airlines Colombia, posted first-quarter net income of $113.8 million, up 18.7% over net profit of $95.9 million in the year-ago period.

Brazil’s GOL posted a first-quarter net loss of BRL75.3 million ($37.2 million), worsened from a net loss of BRL41.4 million in the year-ago quarter.

MIAT Mongolian Airlines has taken delivery of a Boeing 767-300ER, its first-ever direct purchase delivery.

Air India’s first of six grounded aircraft will resume commercial flights Wednesday on domestic routes and May 22 on international routes, India’s minister for civil aviation Ajit Singh said Tuesday.

United Airlines, the US launch customer for the Boeing 787 with six in its fleet, said it will restart Dreamliner service May 20 with domestic flights.

The Emirates Group reported a net profit of AED3.1 billion ($844.2 million) for its full 2012-2013 fiscal year ended March 31, up 34.3% over net income of AED2.3 billion in the prior year, on a 17.2% rise in revenue to AED77.5 billion.

Swiss International Air Lines said six members of its extended management board have agreed to take a 5% pay cut from July 1 until the end of 2015 in the face of continued financial difficulties.

Virgin America incurred a net loss of $145.4 million for the full year 2012, widened from a net deficit of $100.4 million in 2011, and followed those results up with a $46.4 million net loss in the 2013 first quarter.

UK regional carrier Flybe is in talks to sell some of its London Gatwick Airport slots.

Airbus, Air Canada and BioFuelNet Canada have formed a partnership to assess Canadian solutions for the production of sustainable jet fuels with a long-term goal of supplying Air Canada.

Lufthansa and SAS Scandinavian Airlines will discontinue their network cooperation on routes between Germany and Scandinavia.

GOL and Delta Air Lineshave entered into a codeshare agreement on routes between Brasilia and Atlanta.

All Nippon Airways will resume Boeing 787 service June 1, following successful battery system modifications, safety checks and test flights.

International Airlines Group (IAG), parent company of Iberia and British Airways, reported a sharp deterioration in its first-quarter results compared to the previous year, taking into account exceptional items.

Oneworld CEO Bruce Ashby has dismissed speculation that Air Berlin might leave the alliance.

Jazz parent Chorus Aviation reported first-quarter net income of C$9.2 million ($9.037 million), down 64.9% from a $26.2 million profit in the year-ago period.

Air Lease Corp. (ALC) has reported a 48% increase in pretax income for the 2013 first quarter and said Asia-Pacific carriers now represent almost 40% of its fleet.

Air Uganda has appointed Cornwell Muleya as its new CEO, replacing Kyle Haywood who moved on to head up Fastjet’s South African launch.

Brazil’s GOL has expanded its codeshare on Delta Air Line flights between Brasília and Atlanta, Ga., which is considered a key milestone in the partnership.

Norwegian start-up Flynonstop has launched operations, deploying a new Embraer E-190 leased from CIT Aerospace on seven routes from Kristiansand on Norway’s southern coast.

Air India began test flights of the first of the Boeing 787s fitted with the new battery package on Thursday.

All Nippon Airways (ANA), launch customer for the Boeing 787, said it will resume Dreamliner services from June 1, following the completion of a series of battery system modifications, safety checks and test flights.

US regional airlines are increasingly concerned about a potential pilot shortage that could curtail their growth or even force carriers to decrease capacity.