Airlines & Lessors

Shanghai-based Spring Airlines reported a net profit of CNY950.5 million ($138 million) for 2016, down 28.4% compared with the 2015 net income of CNY1.3 billion.

Singapore-based lessor BOC Aviation has placed two new Boeing 737-800s with Japan’s ANA Holdings, the lessor said April 10.

Global air cargo traffic continued its improvement trend in February with FTKs rising 8.4% compared to a year-ago, according to IATA’s February Air Freight Market analysis.

Ireland-based low-cost carrier (LCC) Ryanair has unveiled its 2017/18 customer experience improvement plan, which includes connecting flights, auto check-in and express booking.

Nigerian startup Green Africa Airways has secured its air transport license and has started work toward an air operator’s certificate (AOC).

Airbus and Boeing commercial aircraft deliveries for 2017, sorted by most-recent delivery date.

Airbus and Boeing commercial aircraft gross orders for 2017, sorted by most-recent date of order placement with manufacturer.

People-April 6, 2017

British Airways (BA) has announced a series of enhancements to both its ground and inflight service, primarily for premium cabin passengers.

China Eastern Airlines reported a 2016 net profit of CNY4.5 billion ($635 million) in 2016, down a slight 0.73% over a net income of CNY4.54 billion in 2015.

Irish lessor Avolon completed the acquisition of New York-based CIT Group’s leasing business April 4 at a sale price of $10.4 billion.

Philippine-based low-cost carrier (LCC) Cebu Pacific Air posted a PHP9.8billion ($196.4 million) net profit in 2016, more than doubling the company’s PHP4.4 billion net income reported in 2015.

Russian air freight carrier AirBridgeCargo (ABC) Airlines has taken delivery of the first of two Boeing 747-8Fs under a long-term lease agreement with US-based lessor Intrepid Aviation.

MIAT Mongolian Airlines plans to lease two Boeing 737 MAXs from Irish lessor Avolon as it looks to bolster its single-aisle fleet.

Air China has posted a net income of CNY6.8 billion ($978 million) in 2016, up 0.4% over a net profit of CNY6.8 billion in 2015, according to the domestic accounting standard.

AirAsia has signaled that Vietnam will be its next target for Southeast Asian market penetration, after signing a deal to set up a joint-venture franchise in that country.

Scheduled and charter carrier Danish Air Transport (DAT) is evaluating future operations and shape of its fleet.

John W. Crichton: ATW 2017 Leadership in Excellence

Air Serbia is ATW Market Leader winner of 2017.

Mexican low-cost carrier Volaris took home ATW's 2017 Value Airline of the Year award.

American Airlines was named the recipient of the 2017 ATW Airline of the Year, taking the top honor of the 43nd annual ATW Airline Industry Achievement Awards, at a gala dinner on March 28 at the J.W. Marriott Essex House in New York.

China Southern Airlines reported a net profit of CNY5.06 billion ($734 million) in 2016, up 30% over a net income of CNY3.9 billion in 2015.

Lufthansa Cargo (LHC) reported an adjusted EBIT loss of €50 million ($52.5 million) for 2016, reversed from a net profit of €74 million in 2015.

Spanish regional airline Binter Canarias will expand its network with Bombardier a CRJ1000 aircraft under a leasing agreement with Valencia, Spain-based regional Air Nostrum.

Alaska Air Group has dramatically boosted the cost and revenue benefits it expects to realize from the integration of Alaska Airlines and Virgin America.