International Lease Finance Corp. (ILFC) has reached an agreement with Fort Lauderdale, Fla.-based Spirit Airlines for the lease of five Airbus A320neo aircraft.
Fort Lauderdale, Fla.-based low-cost carrier (LCC) Spirit Airlines (NK) reported net income of $30.9 million for the third quarter, up 11.7% from the $27.7 million earned in the third quarter 2011.
All Nippon Airways (ANA) reported net income of ¥36.9 billion ($463.4 million) for the first half of its 2012 fiscal year started April 1, up 61.6% over a net profit of ¥22.8 billion in the first six months of FY2011, as revenue lifted 6.9% to ¥753.2 billion.
Air France-KLM (AF-KLM) reported a nine-month net loss of €957 million ($1.2 billion), widened 74% against a €550 million loss for the comparable period in 2011, due primarily to restructuring charges.
Air France (AF) is pursuing Airbus for lost revenues following a number of technical issues with its Airbus A380 fleet, including those related to wing cracks.
Virgin Group chairman Richard Branson has indicated that Virgin Atlantic Airways (VS), long known for its independent streak, is closing in on a decision to join a global alliance.
The Stockholm Stock Exchange has halted the trade in shares of SAS Scandinavian Airlines after rumors in the media over the company’s financial situation, an SAS spokesperson confirmed to ATW.
Abu Dhabi-based Etihad Airways (EY) has signed a firm order for two additional Airbus A330-200 passenger aircraft as part of the carrier’s continued growth plans.
Virgin Australia (DJ) has acquired 60% of Tiger Airways Australia (TT), 100% of Australian regional Skywest Airlines (XR) and has sold a 10% stake to Singapore Airlines (SIA).
TNT Express is preparing to sell a majority shareholding in its TNT Airways (3V) subsidiary, if its planned merger with United Parcel Service (UPS) receives the go-ahead.
Lufthansa (LH) has ended its cooperation with regional partner Augsburg Airways (IQ) from October 2013, as part of its €1.5 billion cost-cutting program SCORE.
Azerbaijan’s national carrier AZAL (J2) and Serbian Jat Airways (JU) are in negotiations to launch joint flights from Azerbaijan to the US via Belgrade’s Nikola Tesla Airport (BEG) in 2013.
Italian civil aviation authority ENAC has downgraded Blue Panorama (BV) to a provisional license and given it 12 months to restructure under a form of bankruptcy protection.
China Southern Airlines (CZ) has reported a third-quarter net income of CNY2.22 billion ($353 million), down 29.3% compared to a net profit of CNY3.2 billion in the year-ago quarter, mainly due to foreign exchange losses.
