The legal protection plan filed by Latvian national airline airBaltic (BT) Wednesday has been rejected by the court, although it did not provide details.
FedEx Corp. reported a net profit of $464 million for its fiscal first quarter ended Aug. 31, up 22% from net income of $380 million in the prior-year period.
EasyJet on Thursday raised its earnings guidance for its fiscal year ending Sept. 30 and said it now expects to post a profit before tax of between £240 million ($376 million) and £250 million, citing a “robust” commercial performance across its network and cost-control measures.
Air Berlin (AB) announced Wednesday the financially troubled carrier will reduce its fleet size by 10% as part of its Shape & Size program to improve earnings by €200 million ($273.2 million).
Boeing's 747-8 freighter program was dealt another blow Thursday when Atlas Air Worldwide Holdings (AAWH) canceled three of the 12 -8Fs it had on order, citing "lengthy delays and performance considerations."
Chilean antitrust tribunal TDLC approved the merger of Chile's LAN Airlines and Brazil's TAM Wednesday, though it cautioned that the carriers must agree to a number of conditions before combining under LATAM Airlines Group, the single holding company that will own them both.
Thai Airways International Public Co. has scrapped plans to form a joint venture with Tiger Airways Holdings to form Thai Tiger Airways, the low-fare joint venture carrier the companies announced last year.
Thai Airways International Public Co. has scrapped plans to form a joint venture with Tiger Airways Holdings to form Thai Tiger Airways, the low-fare joint venture carrier the companies announced last year.
Lufthansa Technik Sofia, a joint venture between Germany's Lufthansa Technik and Bulgarian Aviation Group, is expanding its narrowbody hangar at Sofia Airport into a new two-bay hangar for heavy checks.
Qantas (QF) has been forced to cancel 28 flights and delay a further 27 up to 30 minutes, because of a 4-hr. baggage handlers strike scheduled for Tuesday that will affect more than 7,000 passengers.
Cargolux (CV) declined to take delivery of the first two General Electric GEnx-2B67-powered Boeing 747-8 freighters scheduled for Monday and Wednesday, citing "unresolved contractual issues between Boeing and Cargolux in respect of the aircraft."
The Asia/Pacific region will require hundreds of thousands of new commercial airline pilots and technicians over the next 20 years to support airline fleet modernization and the rapid growth of air travel, according to Boeing’s 2011 Pilot & Technician Outlook released Monday.
Airbus has forecast demand for 27,800 new commercial aircraft over the next 20 years, including 26,900 passenger aircraft (with more than 100 seats) and 900 freighters, valued at $3.5 trillion.
Cargolux (CV) declined to take delivery of the first two General Electric GEnx-2B67-powered Boeing 747-8 freighters scheduled for Monday and Wednesday, citing "unresolved contractual issues between Boeing and Cargolux in respect of the aircraft."
Qantas (QF) has been forced to cancel 28 flights and delay a further 27 up to 30 minutes, because of a 4-hr. baggage handlers strike scheduled for Tuesday that will affect more than 7,000 passengers.
US Dept. of Transportation’s Bureau of Transportation Statistics said the nation’s largest carriers reported only one tarmac delay of more than 3 hr. in July, compared to three in the year-ago month and 14 in June.
Air France KLM revealed its long-awaited order for new-generation, long-range aircraft Friday, stating that its board approved the order of 50 firm aircraft plus 60 options.
Air France KLM revealed its long-awaited order for new-generation, long-range aircraft Friday, stating that its board approved the order of 50 firm aircraft plus 60 options. A spokesperson confirmed to ATW that the 50 firm aircraft are evenly divided between Airbus A350s and Boeing 787s. Air France KLM cautioned that the orders are "still subject to the finalization of discussions with the manufacturers."
Chinese carriers earned an aggregate profit of CNY6.59 billion ($1.03 billion) in August, up 27.4% over a net income of CNY5.17 billion in the year-ago month, crediting domestic market growth.
The Transport workers Union (TWU), which represents 3,800 Qantas’ (QF) baggage handlers and ground staff, has instructed its members to walk off the job Tuesday.
