The Chinese government provided Air China (CA) with a CNY1 billion ($156.7 million) capital injection to allow the carrier to increase its holding in Cathay Pacific Airways (CX), according to a statement from CA released by the Shanghai Stock Exchange.
Aer Lingus Group (EI) reported a consolidated net loss of €13.1 million ($18.9 million) in the 2011 first half, narrowed from an €18.4 million deficit in the year-ago period, and upgraded its profit outlook for the full year.
Assn. of European Airlines (AEA) named GM-infrastructure Athar Husain Khan deputy secretary general. He will head AEA’s political team and oversee progress on key dossiers, such as commercial aviation’s inclusion in the EU Emissions Trading Scheme.
Lufthansa (LH) Group is working with British Midland (bmi) management to produce a long-term business plan that will return the UK airline to profitability.
All Nippon Airways (ANA) officially applied Wednesday to Japan's Legal Affairs Bureau to establish its planned joint venture LCC with AirAsia to be called AirAsia Japan.
Kenya Airways (KQ) finalized an order with Embraer for 10 E-190s, plus purchase rights for a further 16 E-jets, as part of its long-term expansion plan to fly to all African capital cities by the end of 2013.
Kenya Airways (KQ) finalized an order with Embraer for 10 E-190s, plus purchase rights for a further 16 E-jets, as part of its long-term expansion plan to fly to all African capital cities by the end of 2013.
Oxford Aviation Academy (OAA) has forged a five-year training agreement with Olympic Air to provide Bombardier Q400 training solutions and simulator facilities at OAA’s training centre at Arlanda Airport in Stockholm. The agreement also includes options for Dash 8-100 training, which will be offered and made available in late 2011 through OAA’s Norwegian training facility based in Oslo.
Turkish Airlines reported a TRY220.6 million ($126.4 million) consolidated net loss for the second quarter, increasing its first-half loss to TRY543.6 million.
Tiger Airways Holdings Ltd. appointed acting CEO Chin Yau Seng as the airline’s permanent CEO, effective Nov. 1. Chin, a former Silk Air CEO, been with the Singapore Airlines Group more than 15 years. Chin will succeed Tony Davis, who leaves the airline Nov. 1. Air Berlin appointed Marcus Puffer as manager of loyalty and partnerships Department. He will take up his post Nov. 1. Air Austral has taken delivery of the first of two Boeing 777-200LRs it has on order.
Cathay Pacific Airways (CX) will introduce premium economy to its fleet in the second quarter next year, the airline confirmed . In a statement Monday, CEO John Slosar said the new cabin would be introduced on all of the Hong Kong carrier’s long-haul routes: Ultra-long flights to Europe and North America and medium-haul services to Australia, the Middle East and other destinations.
Aegean Airlines (A3) reported a 19.8 million euro ($28.7 million) net loss for the 2011 first half, an improvement over the 32.6 million euro deficit incurred in the year-ago period, but warned it is heading for a full-year loss as Greek economic crisis continues to bite.
EasyJet deputy chairman David Michels stepped down Friday as the airline moved to avoid yet another lengthy dispute with Stelios Haji-Ioannou, the carrier’s founder and largest shareholder.
[CORRECTED VERSION] SAS Group’s Wideroe recorded its best six months in company history, with a pre-tax profit of NOK187.2 million ($34.5 million), more than tripled from the NOK61.8 million ($11.4 million) earned in the year-ago period.
Peru’s Ministry of Transport and Communication grounded Peruvian Airlines for safety reasons Aug. 18 for 90 days, according to the Aviation Safety Network (ASN).
Virgin Australia (VA) posted a loss of A$66.6 million ($69.75 million) for its fiscal year ended June 30 compared to a profit of A$21.3 million in the year-ago period.
Flybe Nordic, the new joint venture of Flybe and Finnair, will operate 416 weekly flights on 24 regional routes in the 2011-12 winter schedule, including all former Finnish Commuter Airline (Finncomm) routes plus nine new routes, the carriers announced.
