Lufthansa (LH) and airport operator Fraport are suing Germany’s trade union GdF over a series of strikes in February by 200 apron workers, which cost tens of millions of euros in lost revenue and the cancellation of around 1,800 flights.
Hainan Airlines (HU) has signed a cooperation agreement with the Fujian provincial government to launch a new subsidiary, Fuzhou Airlines, as it expands into the South China market.
United Airlines (UA) subsidiary Continental Micronesia (CMI) flight attendants on Friday ratified a new labor agreement, extending the previous collective bargaining agreement through December 2014.
Lufthansa Cargo (LHC) will take delivery of the first of five GE 90-powered Boeing 777 freighters in the fall of 2013, followed by two in 2014 and two in 2015.
Lufthansa (LH) flight attendants will continue talks with the carrier Aug. 22 to decide whether to strike if an agreement over improved wages is not reached.
The creditors’ committee of American Airlines (AA) parent AMR Corp. issued a stark warning to AA pilots and other unionized employees of the carrier and regional affiliate American Eagle to “promptly” reach consensual agreements with management on new labor contracts.
Bahraini national carrier Gulf Air (GF) will resume services to Iraq and Iran, some 17 months after it was ordered to suspend flights to the two countries over a political dispute.
Air Berlin (AB) will sell eight narrowbody aircraft to increase its core capital, enhance liquidity reserves and reduce debt by €300 million ($369.2 million) by year end, it said Wednesday.
A series of reviews on United Airlines (UA) pension assets concluded Wednesday, revealing that the Pension Benefit Guaranty Corp. (PBGC) undervalued UA’s pension assets by about three-fourths of 1% in 2008—approximately $58 million out of $7.3 billion.
Cebu Pacific Air (5J) secured export credit agencies-covered financing from KfW IPEX-Bank and SMBC for the acquisition of three new Airbus A320 aircraft. All aircraft will be equipped with CFM56 engines and will increase 5J’s total fleet to 41 aircraft. One aircraft was delivered Aug. 9 in Toulouse. The remaining aircraft are scheduled for delivery in October and November this year. KfW IPEX-Bank and SMBC are acting as joint Arrangers of the transaction, while KfW IPEX-Bank is also acting as Agent and Security Trustee.
Thai Airways International (TG) has reported a second-quarter net loss of THB1.53 billion, ($48.4 million), narrowed from THB7.9 billion in the year-ago quarter.
Ethiopian Airlines (ET) has become the first carrier outside Japan and the third overall to take delivery of the Boeing 787, flying the aircraft from a delivery ceremony at Boeing’s Everett, Wash. facility to Washington Dulles (IAD).
A merger of American Airlines (AA) and US Airways (US) could substantially reduce competition, leaving four majors controlling over 70% of the US domestic market.
United Airlines (UA) has reached an agreement with the International Assn. of Machinists and Aerospace Workers (IAM) to enter into expedited contract negotiations with the assistance of the National Mediation Board for six classifications covering 35,400 employees at the airline.
United Airlines (UA) has extended a lease in Chicago’s Willis Tower, where it houses a network operations center, to include its corporate headquarters with terms extending through to 2028.
Asiana Airlines (OZ) reported a non-consolidated net loss of KRW47.3 billion ($41.8 million) for the second quarter, reversed from the year ago quarter’s KRW17.7 billion profit, largely owing to “the continuous high fuel cost and the increment of operating cost as the operation expands,” it said.
LATAM Airlines Group reported a second-quarter net income of $49.7 million and an operating income of $23.2 million, its first consolidated results since LAN Airlines and TAM merged June 22.
