Qantas subsidiary QantasLink will increase its Boeing 717 fleet operated by Cobham Aviation Services from 13 to 18, in an AUD$150 million ($148.3 million) contract extension.
As the strike by Croatia Airlines pilots and flights attendants over pay cuts stretches into its third day, Minister of Transport Sinisa Hajdas Doncic said the carrier would go bankrupt if the restructuring plan is not put into action.
Dubai-based Emirates and New York-based JetBlue Airways plan to expand their current partnership to include bilateral codesharing, subject to regulatory approvals.
Southwest Airlines has converted 30 existing Boeing 737NG firm orders to 30 firm orders for the 737 MAX 7, becoming the launch customer for the MAX 7, the smallest version of the re-engined Boeing narrowbody family.
On the heels of LATAM Airlines Group’s first-quarter results, Chile-based LAN Airlines announced it completed a test flight of its Boeing 787 after installing battery modifications, paving the way for the grounded aircraft to resume operations “in the coming days.”
UK budget carrier easyJet has reported an interim net loss of £47 million ($71.8 million) for the six months ended March 31, narrowed from a £90 million net loss in the year-ago period.
Norwegian Air Shuttle continues its European expansion as it taps into the Germany-Spain market, which is dominated by Air Berlin and Condor Airlines on leisure routes.
Lebanon’s central bank, Banque du Liban, has blocked a proposed takeover of financially troubled Cyprus Airways by Beirut-based Middle East Airlines (MEA).
Norwegian Air Shuttle has partnered with Virgin Atlantic Airways, tapping the UK carrier for advice on long-haul operations in return for Boeing 787 pilot training.
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.
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.
