Finnair (AY) has reached an agreement with SR Technics to outsource engine and component services, in a cost-cutting move that will cut 280 maintenance jobs.
Swiss International Air Lines (LX) must improve its cost structure to overcome high fuel prices, decreasing yield and foreign exchange losses between the strong Swiss franc and the euro, CEO Harry Hohmeister told ATW.
Qantas (QF) has denied rumors of a possible takeover bid after media reports that a group of wealthy individuals, including venture capitalist Mark Carnegie, was putting together a syndicate to make a bid for the Australian carrier.
The International Air Carrier Assn. (IACA) has added Swiss carrier Hello AG as a full member. The charter airline has a fleet of four 174-seat Airbus A320s. Austrian Airlines Group (OS) is set to eliminate the brand Lauda Air by 2013 as part of its restructuring process. Currently only one Boeing 737-800 is outfitted in Lauda livery. The carrier was founded 1979 by former Formula-1 Champion Niki Lauda and was integrated into OS in 2002.
China Eastern Airlines (MU) expects to post improved results in the second half, due to the recovering market demand and falling fuel prices, according to MU CEO Ma Xulun.
Bangkok Airways (PG) is planning to list on the Stock Exchange of Thailand in early 2013, to enable it to acquire aircraft and build a new hangar at Suvarnabhumi, president Puttipong Prasarttong-Osoth told ATW.
[CORRECTED] Etihad Airways (EY) reported second-quarter revenue of $1.25 billion, up 31% from $957 million year-over-year, contributing to a 30% increase in first-half revenues to $2.24 billion, compared to $1.73 billion in the year-ago period.
FedEx has completed the purchase of Brazilian logistics company Rapidão Cometa (RC), another in a string of buys the Memphis-based express operator has made in recent months to buttress its global network.
FastJet, the new African low-cost carrier backed by easyJet founder Stelios Haji-Ioannou, has selected Airbus A319s and is aiming for an October launch.
BBA Aviation Engine Repair and Overhaulhas named Lisa Cooper as regional sales manager-UK, Spain, Ireland and Portugal. Cooper joins BBA from H+S Aviation. Pattonair appointed Richard Hawkins as group quality director. Hawkins joins the global aerospace supply chain service provider from Rolls-Royce. IFP has hired Jackie Frimer as VP-worldwide business development. Frimer has more than a decade of experience in the inflight entertainment industry.
Ethiopian Airlines (ET) signed a seven-year contract with Abu Dhabi Aircraft Technologies (ADAT) earlier this month, to provide Integrated Component Solutions (ICS) to its Boeing 737NG fleet.
Irish low-cost carrier (LCC) Ryanair (FR) will reduce flights to Morocco following disagreements with the Moroccan governmental airport authority ONDA over handling charges.
The Austrian Airlines Group (OS) on July 1 transferred all flight operations—which includes a fleet of some 80 aircraft and 2,100 employees—to subsidiary Tyrolean Airways (VO).
Virgin America (VX) has reported a first-quarter operating loss of $49 million, a 65% worsening compared to the $29.5 million operating loss for the same period last year.
Aeroméxico (AM) will acquire $171 million in financing from Export-Import Bank (Ex-Im) to support the acquisition of Boeing 737s, as well as services and products by US-based providers.
