China Eastern Airlines (MU) has reported a first-half net income of CNY806.9 million ($127.2 million), down 64.6% compared to a net profit of CNY2.28 billion in the year-ago period.
Qatar Holding has purchased a 20% stake in UK airports operator BAA. According to the company, the transaction is conditional upon approval by EU competition authorities. If approved, the deal is expected to close by year end. The fund has acquired the stake in PGP Topco, the consortium formed by Spanish infrastructure conglomerate Ferrovial to buy BAA in 2006, for £900 million ($1.35 billion), valuing BAA at £4.5 billion. The shares come from three members of the consortium.
Lufthansa (LH) on Tuesday canceled more than 350 out of 1,800 flights at Berlin Tegel (TXL), Frankfurt (FRA) and Munich (MUC) airports as its flight attendants—represented by the UFO union—launched a second day of strikes in an ongoing dispute over pay and conditions.
Etihad Airways (EY) has confirmed it has purchased a further 221 million Virgin Australia (DJ) shares on the open market over recent weeks, bringing its equity stake in the Australian carrier to 10%, the maximum permitted.
Etihad Airways (EY) and Alitalia (AZ) will step up their 2009 codeshare agreement with direct Abu Dhabi (AUH)-Rome Fiumicino (FCO) flights from Dec. 1.
Russia’s Aeroflot (SU) will take delivery of its first Boeing 777 in 2013, part of an order for eight 777s in March 2011 and eight of the type at the Paris Air Show
Lufthansa (LH) will make Chicago its third destination airport for the Boeing 747-8I, for which the carrier was the launch customer and which entered service in June.
Changes in US carrier operating strategies will lead to slower US passenger growth than previously expected, an aviation consulting group is forecasting.
Garuda Indonesia (GA) has invited bids to finance its next round of acquisitions, including 10 Boeing 777-300ERs via sale and leaseback, four 737-800s and 10 Airbus A320s via operating leases.
American Airlines parent AMR Corp. and US Airways (US) completed a non-disclosure agreement Friday that specifies confidentiality while the companies discuss a potential merger.
Air France group will combine the operations of three of its subsidiary and partner airlines into a single French regional hub as part of its restructuring and cost-cutting plan.
Aegean Airlines (A3) has reported a first-half net loss of €38.5 million ($48.3 million), widened 94% from a €19.8 million loss in the 2011 first half.
