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.
UK low-cost carrier (LCC) easyJet has applied for an air operator’s certificate (AOC) in Austria as the LCC faces uncertainty about being able to continue flying in the European Union (EU) after Brexit.
Former FAA administrator Jane F. Garvey is the recipient of the 2017 L. Welch Pogue Lifetime Achievement Award, it was announced Thursday by the International Aviation Club of Washington DC (IAC) and Aviation Week & Space Technology.
Dutch carrier KLM has announced that Warner Rootliep, who is currently KLM general manager Great Britain & Ireland, will be the next CEO of regional airline KLM Cityhopper.
Vietnam Airlines is on track to achieve its profitability goals this year, with strong gains in cargo and passenger traffic for the first half of the year.
Low-cost carrier (LCC) Norwegian posted a first-half net loss of NOK411.9 million ($49.8 million), widened from a net loss of NOK54.7 million for the same period last year.
Russia’s VIM Airlines carried 7,816 tonnes of cargo and 487 tonnes of post in the 2017 first half, tripled from the year-ago period, the airline said July 12.
Dublin-based lessor AerCap Holdings signed lease agreements for 65 aircraft in the 2017 second quarter, more than doubling the 27 leases the company secured in 2Q 2016.
For Brazilian manufacturer Embraer's commercial aircraft, consolidated 2017 orders, deliveries and cancellations -- updated through the end of the 2017 second quarter.
