Hainan Airlines (HU) will launch a joint venture (JV) with the China-Africa Development Fund, Ghana SAS Financial Group and Ghana Social Security and National Insurance Trust. The JV will be called Ghana's Africa World Airlines (AWA).
JetBlue Airways (B6) reported a second-quarter net income of $52 million, more than doubling its $25 million net profit in the year-ago quarter, and marking its ninth consecutive quarter of profitability and “highest-ever” second-quarter profit.
Aeromexico (AM) on Wednesday announced it has signed a letter of intent for up to 100 Boeing aircraft—a mix of 90 737 MAX 8s and 9s, as well as 10 787s.
Boeing has reported a second-quarter net income increase 2.8% to $967 million on revenues of $20 billion after its Commercial Airplanes group increased aircraft deliveries by 27%.
Aerostar Airport Holdings (AAH) has won a public bid to become the private operator and leaseholder of Luis Munoz Marin International Airport (SJU) in San Juan, Puerto Rico, for 40 years as a public-private partnership (P3), for an upfront $615 million leasehold fee.
Alitalia (AZ) has been given the green light to acquire Catania-based Wind Jet (IV), although it must surrender up to five slots pairs to complete the deal.
Ft. Lauderdale, Fla.-based low-cost carrier (LCC) Spirit Airlines (NK) more than doubled a $16.9 million net profit in the 2011 June quarter with $34.6 million in net income for this year’s second quarter.
Jazz Aviation LP has reached a tentative labor contract with its maintenance and engineering employees represented by the Canadian Auto Workers (CAW) Local 2002.
Lufthansa subsidiary Austrian Airlines (OS) is making progress with its cost reduction program that is targeting cost reductions of €223 million ($271 million) this year, but warns there are still challenges ahead.
Uruguay's government-owned Pluna Lineas Aereas Uruguayas (PU), which suspended operations July 3, will auction off its fleet of seven Bombardier CRJs and route rights within 60 days.
Luxair’s (LG) future remains unclear after the state of Luxemburg bought a 12.09% stake from Swiss forwarding and logistics specialist Panalpina for an undisclosed sum last week.
Korean Air (KE) incurred a KRW159 billion ($140 million) net loss in the second quarter, reversed from a KRW21 billion net profit in the year-ago period.
Hainan Airlines (HU) plans to operate its first, yet-to-be-delivered Boeing 787 on the new Beijing-Chicago O’Hare route, which is expected to be launched next year.
Aeroflot (SU) will create a regional carrier in the Russian Far East, combining its sister companies, Vladivostok Avia (XF) and SAT Airlines (HZ), according to an Interfax news agency report quoting SU CEO Vitaly Saveliev.
