Atlanta-based Delta Air Lines and Calgary-based WestJet have signed a definitive agreement to form an antitrust-immunized transborder joint venture (JV), finalizing the details of a proposed partnership announced in late 2017 via the signing of an MOU.
Air France-KLM and China Eastern Airlines have broadened their cooperation and extended their joint venture (JV) with new destinations on the passenger side and China Eastern selecting Air France-KLM’s MRO arm for the component support of its Boeing 787 fleet.
Portuguese wet-lease specialist Hi Fly has received “hundreds of requests” for its first Airbus A380 and plans to announce the first customer for the wet-lease aircraft “in the next few days,” according to CEO Paulo Mirpuri.
United Airlines executives said a strong revenue environment and cost discipline are enabling the Chicago-based airline to recover 75% of rising fuel prices and maintain solid profitability, reporting a second-quarter net profit of $684 million, down 16.7% from net income of $821 million in the 2017 June quarter.
Airbus and Boeing each released 20-year market forecasts at the Farnborough Air Show July 17, with the European manufacturer focusing largely on the commercial aircraft services market and the US manufacturer highlighting fleet projections.
UK LCC easyJet raised its full-year profit forecast as it reported a rise in revenue and passenger numbers in the third quarter, helped by competitor difficulties and despite the impact of disruption in Europe.
As of July 1, 2018, average list prices for Airbus and Boeing commercial aircraft; with passenger seating capacity, cargo tonnage capacity and aircraft flight range.
Spain’s Air Nostrum and Irish carrier CityJet have announced plans to come together under a new holding company, creating Europe’s largest regional airline group.
Lessor Air Lease Corporation (ALC) announced a series of orders and commitments at the Farnborough Air Show July 17, with Los Angeles-based ALC placing firm orders for 20 Boeing 737 MAX 8s plus three 787-9s. The company has made additional commitments for a further 55 MAX 8s.
Long-time US FAA executive John Duncan will assume the role of deputy associate administrator of Aviation Safety (AVS) on a permanent basis, following six months that saw several agency officials serve in the position on an acting basis.
China Southern Airlines and the UK’s British Airways are reportedly discussing a joint venture to enhance flight connectivity between the two countries.
Air France-KLM, China Southern Airlines and XiamenAir said they were streamlining their two existing agreements into a single joint venture carrying some 1.25 million passengers per year between Europe and China.
Fort Lauderdale, Florida-based ultra-LCC Spirit Airlines said it will report better-than-expected revenue for the 2018 second quarter, and has adjusted its 2Q total RASM guidance to reflect a 6.8% year-over-year (YOY) drop—at the lower end of Spirit’s previous 2Q guidance issued in April.
Irish LCC Ryanair said it welcomed the European Union Commission’s decision to approve Ryanair’s proposed acquisition of a 75% interest in Austria-based LaudaMotion July 12.
A strong demand environment enabled Delta Air Lines to somewhat mitigate surging fuel prices to post a $1.03 billion net profit for the second quarter.
