French Skyteam carrier Air France has christened its new lower-cost airline, which was previously known as the Boost project, as ‘Joon’ and named Jean-Michel Mathieu as CEO.
ANA appointed former EVP and board member Yuji Hirako the airline’s president and CEO in April. He succeeded Osamu Shinobe, who was promoted to vice chairman of ANA Holdings.
Central and Eastern Europe low-cost carrier (LCC) Wizz Air recorded a 50.4% jump in net income for the first three months of its financial year, which runs from March 31-June 30, 2017.
Ultra-low-cost carrier (ULCC) Spirit Airlines expects to record higher-than-anticipated second-quarter unit revenue but a smaller capacity increase, largely because of “pilot-related flight cancellations,” the airline said July 17.
United Airlines posted an $818 million net profit for the second quarter of 2017, a 39.1% increase over the Chicago-based airline’s $588 million net income in 2Q 2016.
An attempt to re-create Irish low-cost carrier Ryanair’s model in another market would be “one of the greatest mistakes we could make,” according to Ryanair CEO Michael O’Leary.
FedEx’s Netherlands-based subsidiary TNT Express continues to experience residual effects from the June 28 “Petya” cyberattack, with the financial impact of the incident “likely [to] be material,” the company said.
The Lufthansa Group increased its profit forecast for 2017 as first-half preliminary figures showed adjusted earnings before interest and taxes (EBIT) more than doubled to €1.04 billion ($1.2 billion) from €529 million in the year-ago period.
Halifax-based Chorus Aviation Capital (CAC), the leasing arm of Chorus Aviation, will acquire two Embraer E190s with attached leases, the company said June 17, bringing in the first Embraer aircraft to the CAC portfolio.
Lufthansa subsidiary Brussels Airlines must continue to reduce its cost base as it faces growing competition from low-cost carriers (LCCs) in its home market, CEO Bernard Gustin told ATW.
HNA Group’s subsidiary HNA Infrastructure Investment Co. plans to purchase a 21% stake in Brazil’s Rio de Janeiro Aeroportos ( RJA) for CNY108 million ($16 million).
French Skyteam member Air France is expecting to formally sign an agreement with its pilots July 17, paving the way for the launch of its Boost new airline project in fall 2017.
Dubai-based Emirates Airline and local low-cost carrier (LCC) flydubai have announced an “extensive partnership agreement,” including network and schedule coordination, although they will continue to be managed independently.
Air Zimbabwe, the national carrier of the southern African nation, has reportedly made almost half of its 400-plus staff redundant as it battles chronic financial problems.
Lufthansa Group low-cost (LCC) subsidiary Eurowings said the wet lease of 33 Airbus A319/320s from airberlin allows the carrier to offer 23,000 additional flights, 60 new routes and to generate an additional 3 million passengers.
Outgoing Iran Air chairman and MD Farhad Parvaresh has confirmed to ATW that Farzaneh Shrafbafi will become the first female CEO of the Iranian flag carrier.
