The pilot representative on Air France KLM’s board of directors has spoken out against the possibility of the group choosing Air Canada’s passenger airlines president and COO as its next chief executive, saying a French candidate with international experience would better suit the group.
Azul Brazilian Airlines reported a BRL238.3 million ($61.6 million) net profit for the 2018 second quarter, reversing its BRL386 million net loss of 2Q 2017, as revenues generated by seven new Airbus A320neos offset rising fuel prices, a weakened Brazilian currency and a nationwide truckers strike.
The Bombay Stock Exchange (BSE) is seeking further information after Indian carrier Jet Airways delayed the release of its financial results for the quarter ended June 30.
Aerospace company and aircraft lessor Dubai Aerospace Enterprise (DAE) has posted a $224 million pre-tax profit for the 2018 first half, up from $42.5 million for the comparable period, driven by the “smooth and successful integration” of leasing company AWAS.
Air Lease Corp. (ALC) increased net income 14% to $115.2 million in the second quarter as revenues increased 4.4% to $397.8 million, largely on the strength of a higher net-book fleet value.
Low-cost, long-haul carrier Norwegian Air Shuttle is operating a single Airbus A380 from Portuguese wet-lease specialist Hi Fly through Aug. 23 on its London Gatwick-New York JFK services to fill in for temporarily out-of-service Boeing 787s as they undergo Rolls-Royce Trent 1000 engine inspections.
Chorus Aviation increased its second-quarter adjusted net income 9%, thanks largely to its growing aircraft leasing business, but unfavorable currency exchange rates helped dragged down the company’s year-over-year (YOY) 2Q net income down 61%.
The Italian government is considering involving national railway company Ferrovie dello Stato and public investment bank Cassa Depositi e Prestiti in plans to keep the bankrupt Alitalia in Italian hands, local media has reported.
The predicted slowdown of the global air freight market became a clear trend in June, as year-over-year (YOY) growth in the total air cargo market slowed to 2.7%, about half the five-year average growth rate (5.1%), according to IATA’s June Air Freight Market Analysis.
As the Canadian ULCC market heats up, Air Canada said it is prepared to leverage the significant flexibility of its rouge subsidiary to ward off competition, from adding flights in major domestic markets to re-configuring aircraft to match rivals’ all-economy offerings.
Chicago-based United Airlines, Colombia’s Avianca and Panamanian flag carrier Copa Airlines may form a three-way joint business agreement, according to statements released by the two Latin American airlines’ holding companies Aug. 8.
Stamford, Connecticut-based Aircastle continues to struggle to place more of its Embraer E190-E2-series aircraft slated to begin arriving next year; however, the lessor is confident the Boeing-Embraer tie-up and the aircraft’s recent entry into service will help entice new customers.
Japanese financier ORIX is set to acquire 30% of Irish lessor Avolon from China’s Bohai Capital for $2.2 billion, with completion expected in the fourth quarter of 2018.
The central African nation of Chad will launch its new national airline Oct. 1 after documents setting it up were signed by the nation’s government and Ethiopian Airlines.
Cathay Pacific Airways reported a 2018 first-half net loss of HK$263 million ($33.5 million), narrowed from a net loss of HK$2.1 billion in the year-ago half as the Hong Kong-based carrier’s multi-year recovery and restructuring effort remains on track.
Commercial aircraft lessor Aircastle has posted an adjusted net income of $52.4 million in the 2018 second quarter, swinging to profit one year after recording a quarterly loss of $7.1 million, the company reported Aug. 7.
International Airlines Group (IAG) CEO Willie Walsh has said the group has no plans to retain its shares in Norwegian, should it fail to acquire the LCC.
Ethiopian Airlines and freight specialist DHL Global Forwarding have agreed to establish a new Ethiopia-based joint-venture (JV) company, with the aim of creating the leading cargo logistics JV in Africa.
Air France-KLM and fellow SkyTeam member Air Europa intend to extend their existing codeshare into a joint venture (JV), covering flights between Europe and Central and South America.
