One of the world’s largest lessors believes that Boeing’s recent launch of the 737 MAX 10 will significantly improve the manufacturer’s share of the narrowbody market, but probably at the cost of limiting sales of the smaller MAX 9.
Dublin-based FLY Leasing continued to boost its fleet and shore up equity in the second quarter, aiming to meet its $750 million acquisition goal by the end of 2017.
Iceland-based capacity solution provider Loftleidir Icelandic is to undertake a management contract with TACV Cabo Verde Airlines, as the archipelago’s government seeks to restructure and privatize the national carrier.
Efforts by Halifax-based Chorus Aviation to develop its nascent aircraft leasing business Chorus Aviation Capital (CAC) are making headway, as the company posted a C$40.8 million ($31.3 million) net profit for the second quarter of 2017, up 72.5% from C$23.7 million in 2Q 2016.
Resurgent economies in South America and currency stabilization contributed to Copa Airlines’ strong second-quarter results, with operating margins doubling in the quarter from 2016.
David Pekoske has been formally sworn in as administrator of the US Transportation Security Administration (TSA), taking command of a sprawling agency with about 60,000 employees that conducts security operations at nearly 450 US airports.
Virgin Australia is starting the fleet-wide rollout of its onboard Wi-Fi service, and plans to have a large proportion of its domestic and international jet fleet retrofitted by the end of 2018.
São Paulo-based low-cost carrier (LCC) GOL reported a 2017 second quarter net loss of BRL474.6 million ($144.2 million), reversed from a net profit of BRL252.5 million in 2Q 2016.
For Canadian manufacturer Bombardier's commercial aircraft, consolidated 2017 orders, deliveries and cancellations -- updated through the 2017 second quarter.
Sharjah-based low-cost carrier (LCC) Air Arabia posted a 2017 first-half net profit of AED261 million ($71 million), up 7% compared to AED245 million for 2016 1H.
Growth in the global air passenger traffic market reached a 12-year high in the 2017 first half, as passenger traffic grew 7.9% compared to 1H 2016 and the load factor hit a record 80.7%, according to IATA’s June Air Passenger Market Analysis.
Global air freight traffic has risen 10.4% during the first half of 2017, making it the strongest half-year performance for the air cargo market sector in seven years, according to IATA’s June Air Freight Market Analysis.
Lufthansa subsidiary Brussels Airlines, which will be integrated into the group’s low-cost carrier (LCC) Eurowings, will keep its brand for the time being.
David Pekoske, US President Donald Trump’s nominee to head the Transportation Security Administration (TSA), has been unanimously confirmed by the US Senate.
