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.
Includes: World Airline Traffic Results - Year 2010 World Airline Financial Results - Year 2010 To order ATW's World Airline Report in print - click here. To order ATW's World Airlnie Report in electronic version - click here.
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.”
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. According to FedEx Asia Pacific Asia Pacific David Cunningham, the FedEx 2010 Global Citizenship Update released last week highlights how collaboration and investments can both connect and engage staff while creating economic opportunity.
Austrian Airlines Group reported a 2011 first-half operating loss of €63.1million ($89.8 million), slightly improved from a €68.7million operating deficit in the year-ago period. Revenue was down 0.7% to €1.02 billion.
Cathay Pacific Airways blamed high fuel prices for a 59% year-over-year drop in net profit to HK$2.8 billion ($359 million) for the first six months of 2011.
When next summer's timetables are released in April 2012, EgyptAir Express expects capacity to return to the level operated prior to the start of civil unrest in Egypt last January, GM-Planning Ehab Ghazy told ATW recently on the sidelines of the Connectivity in Africa conference in Nairobi.
Delta Air Lines and Grupo Aeromexico entered into a commercial alliance under which DL will invest $65 million in Aeromexico in exchange for ordinary shares in the Mexican airline.
Virgin Atlantic Group reported a pre-tax operating profit of £18.5 million ($30 million) for its financial year ended Feb. 28, reversed from a £132 million pre-tax operating loss in the prior fiscal year. Revenue for the group, which includes Virgin Atlantic Airways and tour operator Virgin Holidays, increased 13% year-over-year to £2.7 billion.
CIT Aerospace, the aircraft leasing unit of CIT Group, finalized its order for 50 A320neo family aircraft first announced in June at the Paris Air Show.
