The air cargo industry has finally seen a resurgence, with demand booming to transport everything from fish to pharmaceuticals and from iPhones to fresh berries, expediently around, across and between continents.
The need for unified regulatory approaches, to build needed infrastructure and to ensure efficient airport administration has brought players together.
A Panamanian investment company has purchased the outstanding shares of former Uruguayan flag carrier Pluna Lineas Aereas Uruguayas and, through arbitration, plans to seek financial compensation for Uruguay’s alleged role in wiping the airline out, ATW’s sister publication Aviation Week has learned.
Cypriot carrier Cobalt Air collapsed after its 49% Chinese shareholder pulled out and a replacement investor failed to come through with the necessary money.
While demand remains strong for Asia-Pacific airlines, yield improvement still lags behind fuel price rises, according to the Association of Asia Pacific Airlines (AAPA) director general Andrew Herdman.
The Association of Asia Pacific Airlines (AAPA) director general Andrew Herdman said one key area AAPA members must discuss at this week’s 62nd Assembly of Presidents in Jeju, Korea is the handling of mass service disruptions, along with passenger rights legislations, as the region faces increased natural events such as Typhoon Jebi and the Hokkaido earthquake in Japan.
Aeromexico reported a MXP617 million ($32.9 million) net loss for the third quarter of 2018, reversed from a MXP344 million net profit in the year-ago quarter.
Air New Zealand aims to help develop the autonomous air taxi concept by partnering with Zephyr Airworks—a company testing such an aircraft in New Zealand.
Norwegian Air Argentina began domestic cabotage operations Oct. 16, with a Boeing 737-800 flight from Buenos Aires’s Aeroparque Jorge Newbery Airport to Cordoba’s Ingeniero Ambrosio Taravella International Airport.
United Airlines rode a double-digit revenue increase and declining non-fuel unit costs to deliver a third-quarter (3Q) net income of $836 million, a 29% year-over-year (YOY) improvement.
Delta Air Lines’ record third-quarter (Q3) revenues received a notable boost from the carrier’s transatlantic performance, with key growth metrics for the region leading the carrier’s network.
Dubai Aerospace Enterprise’s (DAE) leasing arm, DAE Capital, completed eight leasing transactions in 3Q 2018 and closed an $800 million revolving loan facility during the quarter, the parent company said in a review of the period Oct. 11.
AirBaltic CEO Martin Gauss told ATW the Airbus A220-300 (former Bombardier CS300) has so far delivered higher-than-expected fuel savings. In addition, the launch operator has overcome many technical issues with the aircraft.
New Canadian ultra-LCC Jetlines said delivery of its first two aircraft is on schedule for “early” second quarter 2019 following the second set of advance lease payments to Dublin-based lessor AerCap.
Delta Air Lines posted an adjusted third-quarter (3Q) pre-tax income of $1.6 billion, down 6% or $95 million year-over-year (YOY), as revenue-generation and cost-control measures helped the airline absorb most of a $655 million increase in fuel costs.
