Air Lease Corp. (ALC) announced new lease placements and acquisitions of Boeing aircraft, including a long-term lease agreement with XL Airways Germany for one 737-800 currently on lease to Air Berlin, slated for delivery in March 2012.
Qantas (QF) posted a net profit of A$249 million ($260 million) for its fiscal year ended June 30, more than doubling last year’s profit of A$116 million, but second-half profit slumped 83% to A$9 million.
US passenger airlines' capacity will be down 0.5% year-over-year in the fourth quarter after rising just 1.1% year-over-year in the third quarter, the US Air Transport Assn. (ATA) said Wednesday.
Qantas (QF) posted a net profit of A$249 million ($260 million) for its fiscal year ended June 30, more than doubling last year’s profit of A$116 million, but second-half profit slumped 83% to A$9 million.
China Southern Airlines (CZ) signed a strategic cooperation agreement with Dalian Airport (DLC) as part of a plan to enhance its position in the Dalian market in northeastern China and compete with Air China (CA).
Malaysia Airlines (MAS) has blamed soaring fuel prices for a second-quarter net loss of MYR527 million ($177 million), similar to the MYR535 million net loss for the year-ago period, also owing to fuel prices.
[CORRECTED VERSION] LOT Polish Airlines said its first-half results have improved by PLN32 million ($11.3 million) compared to the same 2010 period, although it still recorded a loss.
Royal Air Maroc (RAM) took delivery of its first two ATR 72-600s, as part of an order placed at the Paris Air Show in June 2009 for four ATR 72-600s and two ATR 42-600s.
The International Brotherhood of Teamsters (IBT) said it reached a tentative agreement with Omni Air on its first pilot contract, which includes substantial pay and benefit increases, and scope provisions to protect jobs and quality of life.
Ethiopian Airlines (ET) signed an agreement with Canada-based FlightPath International Co. to developing and implement a Multi-crew Pilot License training program (MPL).
Air Berlin (AB) CEO Joachim Hunold announced he is stepping down Sept. 1 as the airline embarks on a steep cost-cutting program that will include cutting 7,500 flights this year.
Air Berlin (AB) CEO Joachim Hunold announced he is stepping down Sept. 1 as the airline embarks on a steep cost-cutting program that will include cutting 7,500 flights this year. Hunold, who has been with AB since 1991, will remain as non-executive director. AB board member Hartmut Mehdorn was named interim CEO.
Martinair appointed former Martinair Holland Director-Operations Diederik Pen managing director. Horizon Air named Yvonne Daverin, formerly Alaska Airlines MD-airframe, engine and component maintenance, to the post ofVP-maintenance and engineering. JetBlue Airways selected BMO Capital Markets MD Ellen Jewett to its board of directors.
Royal Jordanian reported a first-half 2011 net loss of JOD39.2 million ($55.5 million), deepened from a JOD7.7 million deficit in the year-ago period, owing to political and social unrest in the region, higher fuel prices and the debt crisis in several European countries.
China's airlines earned an aggregate net profit of CNY5.75 billion ($902.7 million) in July, down 1.7% from net income of CNY5.85 billion in the year-ago month.
News from ATW's Eco-Aviation Today: FedEx is moving closer to achieving its 2020 global citizenship goals with significant support from its 290,000 staff combined with latest technology strategic investments.
El Al Israel Airlines reported a second-quarter net loss of $19.7 million, reversed from a $14.8 million net profit in the prior-year period, as expenditures grew at nearly three times the rate of revenue.
Transaero Airlines is analyzing possible orders for the Airbus A380 and/or the Boeing 747-8, CEO Olga Pleshakova revealed at the MAKS Airshow in Russia
