British Airways (BA) parent company International Airlines Group (IAG) has offered remedies to the European Union’s antitrust regulators to try to obtain regulatory approval for its proposed takeover of British Midland International (bmi).
LAN Airlines operated its first commercial flight using second-generation biofuels in South America. An Airbus A320, powered by CFM56-5B engines, flew from Chile’s Santiago to Concepción March 7, completing a year-long preparation by LAN and partner Air BP Copec.
Garuda Indonesia (GA) will start an accounting process this month that will erase its accumulated losses of IDR6.8 trillion ($748 million) and enable it to post a profit in the next reporting period.
Bogota-based AviancaTaca Holding, parent of Avianca, TACA, Aerogal and Tampa Cargo, reported 2011 net income of $109 million, more than tripling a net profit of $33 million in 2010.
China Eastern Airlines (MU) plans to introduce a strategic investor to adjust its capital structure, paving the way for internal integration and strategic restructuring, according to MU chairman Liu Shaoyong.
India’s Jet Airways and WheelTug signed of a letter of intent giving the airline the right to lease WheelTug Aircraft Drive Systems for installation on its Boeing 737NG aircraft. The WheelTug electric drive system uses high-performance electric motors, installed in the nose gear wheels of an aircraft, to provide full mobility while on the ground during pushback and taxi operations without using aircraft's engines or tugs.
Hawaiian Airlines has earned the first-ever aviation based carbon credits, having reduced its CO2 emissions by nearly 22,000 metric tons over the past six years using an eco-friendly engine washing technology developed by Pratt & Whitney.
LAN Airlines and Air BP Copec on March 7 made the first commercial flight in South America using second generation biofuels. The flight, between the Chilean cities of Santiago and Concepcion, was conducted using an A320 with CFM International CFM56-5B engines. The fuel came from used vegetable oil refining. Chilean Minister of the Environment, Maria Ignacia Benitez, attended an event in Concepcion to mark the flight.
Results have been published from Lufthansa’s long-term biofuels test program, known as the burnFAIR project, and showthat fuel burn was slightly less than with conventional jet fuel. During the burnFAIR research project, a Lufthansa Airbus A321 flew eight times daily between Hamburg and Frankfurt from July 15 to Dec. 27, 2011. One engine was powered by a 50-50 blend of biofuel and conventional fuel.
Malaysia Airlines (MAS) has unveiled the design and specifications of its new flagship aircraft, the Airbus A380-800, which is set to enter the MAS fleet in July.
Thai Airways’ (TG) first Airbus A380 launched its maiden flight March 6 following completion of the airframe assembly and system tests in Toulouse, France.
For the first time in 20 years, low-cost carriers are growing at a slower pace than traditional carriers in Europe, David Marsh, Eurocontrol STATFOR manager-forecasting and traffic analysis, directorate network management, said Friday.
Air France KLM Group reported a net loss for its shortened nine-month 2011 financial year of €442 million ($580.5 million), reversed from a net profit €980 million in the year ago-period.
Opportunities for new entrants in the US airline market will be more limited over the next five years, Airlines for America’s (A4A) chief economist said Thursday.
Airbus parent company EADS reported better than expected fiscal 2011 full-year results and record airliner deliveries, posting net income up 76% to €1.1 billion ($1.4 billion). EADS’ revenues increased 7% to €49.1 billion.
The Chinese government has raised domestic jet fuel prices to CNY7,725 ($1,222) per ton, up 3.48% from CNY7,465 per ton as the cost of international oil continues to climb.
Air France KLM Group (AF KLM) has announced organizational changes in its finance departments “in line with the orientations defined by Air France KLM board of directors in October 2011,” when it ousted Pierre-Henri Gourgeon as CEO of AF KLM Group and CEO of AF in the wake of worsening financial performance.
Air Canada's (AC) labor troubles took another negative turn late Tuesday when the International Assn. of Machinists and Aerospace Workers (IAMAW), representing the airline's 8,600 mechanics, baggage handlers and cargo agents, served notice of a strike to start March 12.
