Russia’s Transaero Airlines (UN) has reported a 2011 net profit of RUB1.83 billion ($54.6 million), more than doubled from 2010. Revenue increased 42% to RUB86.5 billion.
Fiji’s Air Pacific (FJ) reported a net profit of $11.4 million for its fiscal year ended March 31, more than cut in half from a net profit of $24.8 million in the prior year.
Major cargo handler Worldwide Flight Services (WFS) and passenger services specialist Aviapartner are planning to merge, forming a company with €1 billion ($1.25 billion) in annual revenue and 17,000 staff.
Thailand’s Transport Ministry has launched an internal investigation into what caused the breakdown in the air traffic control system at Suvarnabhumi Airport (BKK) June 21 when all ATC radars stopped functioning for one hour, affecting 49 flights, the government news agency NNT reported.
Fast-growing Copa Airlines (CM)—which joined Star Alliance last week with subsidiary Copa Colombia—is eyeing further expansion this year of its Panama City (PTY) hub.
An IndiGo (6E) Airbus A320 conducted its first commercial Required Navigation Performance (RNP) approach Saturday, while landing at Kochi Airport (COK) on a scheduled flight from Bengaluru.
Jetstar Hong Kong, the joint venture low-cost carrier (LCC) being set up by China Eastern Airlines (MU) and Qantas Group (QF) subsidiary Jetstar, is on track to formally launch by the end of 2012 or early next year, according to MU chairman Liu Shaoyong.
Kazakhstan-based Air Astana (KC) will delay launching services to Hong Kong by some weeks while awaiting final approval, KC president Peter Foster told ATW.
Southwest Airlines’ (SWA) mechanics, represented by the Aircraft Mechanics Fraternal Assn. (AMFA), and AirTran Airways mechanics, represented by the International Brotherhood of Teamsters (IBT), voted to ratify their Seniority Integration Agreement.
The Indian Ministry of Civil Aviation on Thursday released the Dharmadhikari committee report, outlining measures to integrate Air India’s (AI) fractured workforce following its merger with state-run Indian Airlines nearly five years ago.
LAN Airlines and TAM officially completed their merger under LATAM Airlines Group Friday, creating a mega-airline company that is expected to control more than 40% of the Latin American air passenger market.
As speculation mounts about the alliance choice of LATAM Airlines Group, the parent of merger partners TAM and LAN Airlines, Star Alliance member TAM noticeably did not attend the alliance’s joining events for Copa and AviancaTaca.
Air France (AF) has called for a 20% cut in costs and a reduction of more than 5,100 jobs by December 2013 as part of its Transform 2015 strategic plan to restore profitability.
In an expected move, the Aer Lingus (EI) board has rejected the third attempt by low-cost carrier (LCC) Ryanair (FR) to take over the company, saying the bid undervalued the Irish flag-carrier.
Qantas (QF) said it will increase frequencies to Dallas/Fort Worth International Airport (DFW) and capacity on Perth (PER)-Melbourne (MEL) flights, in response to growing demand for premium travel to PER for both business and leisure passengers.
Shenzhen Airlines (ZH) is expected to end its partnership with Henan Airlines (VD) by disposing of its 51% stake in the carrier, which suspended operations after a fatal crash in August 2010.
Azul Brazilian Airlines launched an Embraer E-195 demonstration flight June 19 using a 50:50 blend of conventional jet fuel and AMJ 700, a renewable fuel produced from the fermentation of Brazilian sugarcane.
Bombardier projected global demand for 12,800 commercial aircraft with between 20 and 149 seats over the next 20 years, down 2.3% from its year-ago prediction.
JetBlue Airways (B6) on Wednesday became the first US airline to use satellite-based Required Navigation Performance Authorization Required (RNP AR) approaches to runways 13L and 13R at New York JFK using Airbus A320s.
