Grupo Aeromexico (AM) posted a 2011 net profit of MXP2.08 billion ($162.3 million) on strong revenue gains as the benefits to AM stemming from the demise of rival Mexicana in August 2010 become apparent.
All Nippon Airways (ANA) will become the wholly owning parent company of ANA Sales (ASX) and ANA Airport Handling (AAH), two consolidated subsidiary companies.
Etihad Airways (EY) will have a significant hand in the management of Air Berlin (AB), in which it is the largest single shareholder following an increase in its holding to 29.21% late last year.
Singapore Airlines (SIA) Cargo president Tan Kai Ping said that "depressed demand ... across all markets gives us little reason to be optimistic about the near-term outlook," driving SIA Cargo to cut freighter capacity by 20%.
Hong Kong Airlines (HX) plans to launch an IPO this year to raise about $200-$300 million to fund its fleet expansion. HX chairman Yang Jianhong said the company is keeping a close watch on the market for the proper timing of the IPO.
Kenya Airways (KQ) and KLM have jointly launched a 2X-weekly Boeing 747-400F Amsterdam (AMS)-Guangzhou (CAN)-Sharjah-Nairobi (NBO)-Lagos-NBO-AMS freighter service.
Brazil’s TAM S.A., the holding company of TAM Airlines, has approved a change in top management to prepare for its merger with LAN Airlines, expected at the end of March.
Lubumbashi-based Korongo Airlines (ZC), partly owned by Brussels Airlines (SN) parent SN Airholding, is expected to begin operations in April, several years after its projected launch.
Iberia (IB) pilots, represented by the SEPLA pilot union, are unyielding in their protest against the creation of Iberia Express, the new short- and medium-haul low-cost subsidiary of IB, and will call strikes again on Feb. 24 and Feb. 29 as previously announced.
Southwest Airlines' (SWA) smooth path to integrating with AirTran Airways, which it acquired last year, hit some turbulence with Tuesday's rejection by the carrier's 1,600 mechanics of a seniority integration agreement.
Russia’s Interstate Aviation Committee Aviation Register (IAC AR) has issued a supplemental type certificate for the Boeing 747-8 aircraft, confirming the 747-8 freighter is in compliance with Russian and CIS standards.
The Civil Aviation Administration of China (CAAC) has granted approval for China Eastern Airlines (MU) to a launch a business aviation company based on the assets of subsidiary China Eastern Airlines Executive Air (CEAEA).
Kingfisher Airlines (IT) founder and chairman Vijay Mallya vowed to keep the troubled airline operating even as it continues to cancel flights and fails to make numerous scheduled payments.
Transaero Airlines (UN) will transfer some flights from Moscow Domodedovo (DME) to Vnukovo (VKO) because DME cannot keep up with the carrier’s rapid expansion, CEO Olga Pleshakova said.
Pakistan International Airlines (PK) signed a firm order for five Boeing 777-300ERs, plus five options, in deal valued at nearly $1.5 billion at list prices, Boeing said.
International growth and “high value” passengers are central components of American Airlines’ (AA) plan to generate $1 billion in new annual revenue by 2017, chief commercial officer Virasb Vahidi told company employees Tuesday.
American Airlines sought to quash reports that its Jetstream project – a new passenger services system – is dead. But in a carefully worded statement, it left the door open for the replacement of Hewlett Packard’s HP Enterprise Services as the primary vendor for the project. Jetstream “remains a high priority for American and will be a critical part of the airline’s foundation as we emerge from restructuring a stronger and more customer-centric airline,” the statement said.
The Chinese government has given Air China (CA) a CNY50.7 million ($8.04 million) capital injection for the carrier’s sustainable development. According to a CA statement released by the Hong Kong Stock Exchange, the funds will be used to install winglets on its fleet and improve fuel efficiencies of its aircraft engines.
Lufthansa (LH) concluded a long-term biofuel study by operating the world’s first biofuel-powered transatlantic commercial flight to the US. Flight LH 418 landed at Washington Dulles Jan. 12 after an 8-hr. and 20 min. flight from Frankfurt (FRA). The Boeing 747-400 carried approximately 40 tons of biofuel mix. LH said carbon dioxide (CO2) emissions were reduced by about 38 tons.
