Azerbaijan Airlines signed an agreement with Boeing placing a firm order for five 787-8s and committing to order two very large freighters, either the 747-8F or the 777F.
The Polish government has approved a plan to build a new central airport likely to be located in central Poland between the capital Warsaw and Lodz, capable of servicing as many as 100 million passengers per year.
Canadian flight simulator and training supplier CAE anticipates continued growth in the global civil air transport training market, the company said Friday as it released its fiscal 2018 second quarter results.
A combination of network adjustments and maturity of international destinations drove Aegean Airlines’ international tourist flow upward 14% in the first nine months of 2017, leading the Greek carrier to report a net profit of €71.7 million ($22.6 million).
UK-based aircraft interiors designer and manufacturer AIM Altitude has promoted group commercial director Richard Bower to CEO, succeeding Mark Edwards in the role.
Finnair has again stepped up its 2017 full-year operating profit outlook to over €155 million ($180 million) - nearly triple the €55 million figure it posted in 2016 - exceeding the top end of its most recent €135-155 million guidance.
UK LCC easyJet has selected TUI Group deputy CEO Johan Lundgren as its next CEO, succeeding Carolyn McCall who will hand over leadership of the airline on Nov. 30.
Panama City-based Copa Holdings faced severe operational challenges during the 2017 third quarter—including extreme weather, and natural disasters that Copa said affected both its 3Q financial results and hub operations in Panama City— but the company nonetheless posted a 40.2% increase in its third-quarter net profit to $103.8 million, compared to $74 million in 3Q 2016.
Azul Brazilian Airlines is in the process of transforming its fleet and extending its reach, adding Airbus A320neos while reducing the number of Embraer E-Jets and ATR turboprops, and credits the fleet transition for growing its revenue and driving third-quarter net income of R$204 million ($62.6 million).
Istanbul-based Turkish Airlines reported a 3Q net profit of $697 million, up significantly from the $184 million profit in the year-ago period, as traffic demand returned and revenues rose.
Lower profit warnings at UK-based regional airline Flybe proved accurate as the company’s half-year FY 2017/2018 results showed an adjusted profit before tax for the six-months ending Sept. 30 of £8.4 million ($11.3 million), down 7.5% from £15.9 million in the year-ago period.
São Paulo-based LCC GOL’s third-quarter net profit rebounded as the airline stuck to a “strong discipline in the supply of seats, high load factors and unrelenting cost control” according to GOL CEO Paulo Kakinoff.
Atlas Air Worldwide Holdings faces “intensifying operational and staffing crises” resulting from “mismanagement”—not because of a pilot work slowdown—the union representing the cargo operator’s pilots said.
Finnair will again take full control of its regional airline, Nordic Regional Airlines (Norra), in November after the transaction secured clearance from Finland’s competition authorities.
Royal Jordanian (RJ) has outlined a five-year turnaround plan that the Jordan flag carrier hopes will consolidate its currently improving financial position.
Irish LCC Ryanair has rolled out a series of new digital initiatives as part of its Always Getting Better (AGB) improvement program, including connecting flights at Porto Airport in Portugal.
Profits, revenue and passengers all kept pace at Central and Eastern European LCC Wizz Air, as it reported substantial improvements in the first half of its financial year.
Atlas Air Worldwide Holdings president and CEO Bill Flynn said he expects a US federal court ruling later this month on a preliminary injunction sought by the company to stop what Atlas is calling “illegal, intentional work slowdowns and service interruptions” by its pilots.
US cargo specialist FedEx Express will become the launch customer for the line-produced ATR 72-600 freighter, after placing a firm order for 30 aircraft, plus 20 options.
Grupo VivaAerobus, holding company of Mexican LCC VivaAerobus, posted a MXN409 million ($22.5 million) net profit for the 2017 third quarter, up 33.1% over MXN307.5 million net income in 3Q 2016.
British Airways (BA) will retain its first-class cabins, but will not go the way of US airlines in effectively having three classes of passengers on its domestic and short-haul services, BA CEO Alex Cruz said.
