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
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.
JetBlue Airways maintained its status as the lone US major airline with no employees represented by a union when its pilots voted this week against representation by the Air Line Pilots Assn.
New York-based Bernstein Research said that Boeing will take up to nine months longer than planned to reach a 787 production rate of 10 units per month.
New York-based Bernstein Research said that Boeing will take up to nine months longer than planned to reach a 787 production rate of 10 units per month.
British Airways said it is launching its "biggest pilot recruitment drive in more than 10 years" with the aim of hiring 800 new flight deck crew members by 2016.
Transaero Airlines confirmed Tuesday it signed an MOU with Airbus for eight A320neos, plus four options, making it the first Russian carrier to commit to the re-engined narrowbody aircraft.
The US's seven largest airline companies (counting Southwest Airlines and AirTran Airways as one) earned a collective net profit of $876 million for the second quarter, ATW calculated.
The Qantas Group announced the largest restructure in its history Tuesday that includes cutting routes, laying off staff, retiring aircraft and deferring deliveries in an effort to return its international division to profitability.
The US's seven largest airline companies (counting Southwest Airlines and AirTran Airways as one) earned a collective net profit of $876 million for the second quarter, ATW calculated.
Lufthansa Technik announced several changes in key positions effective Sept. 1. Senior VP-Engine Services Burkhard Andrich and Senior VP-Aircraft Component Services Johannes Bussmann will swap posts.
Boeing said it finalized an order with Air Lease Corp. for 14 737-800s plus four options and five 777-300ERs. The firm aircraft are valued at $2.5 billion at list prices.
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Finnair launched a series of biofuel powered flights between Amsterdam and Helsinki in July. The airline is using a 50/50 blend of biofuel derived from recycled vegetable oil and traditional jet fuel. The fuel is supplied by Amsterdam-based SkyNRG, which was co-founded in 2009 by Air France KLM, North Sea Group and Spring Associates. Finnair said it "will accept for permanent use only a biofuel alternative that is socially, ecologically and economically sustainable.”
