Airlines & Lessors

Virgin Australia will defer its Boeing 737 MAX orders for one year as it confronts weaker demand in the Australian domestic market.

Low-cost carrier (LCC) Norwegian reported a 2016 net profit of NOK1.1 billion ($131.6 million), more than quadrupling its NOK246 million net result in 2015.

People-Feb. 16, 2017

Panama City-based Copa Holdings reported a net profit of $339.8 million for 2016, reversing the company’s $225 million net loss in 2015.

Air France-KLM Group reported a 2016 net profit of €792 million ($834.4 million), up substantially from 2015’s net profit of €118 million.

Japan’s All Nippon Airways ANA has appointed EVP and board member Yuji Hirako to succeed Osamu Shinobe as president and CEO from April 1.

Oneworld carrier airberlin is set to add three leased Airbus A330-200s, increasing seat capacity as Germany’s second-largest carrier eyes its biggest long-haul summer flight schedule to the US.

Argentine ultra-low-cost carrier (ULCC) startup Flybondi has been granted rights on 78 routes and has appointed former Wizz Air executive Mike Powell as interim CFO.

Delta Air Lines will begin including meals at no extra cost for all main cabin seats on 12 transcontinental domestic routes this spring, reversing a longstanding trend of US airlines not including meal service with economy-class tickets on domestic flights.

Chapter 2 of 4 of the Flight Operations and Optimizations eBook

Stamford, Connecticut-based commercial aircraft lessor Aircastle posted a 2016 net profit of $151.5 million, up 24.4% from net profit of $121.7 million in 2015.

Nigeria’s largest airline, Arik Air, has suspended its two long-haul international routes following a temporary takeover of the company by a state entity.

Mexican regional operator Aeromar will add two US destinations in the next six to eight months, CEO Andres Fabre said.

Finnair recorded an annual profit for 2016 of €85.1 million ($90 million), down from the 2015 figure of €89.7 million.

Icelandair Group reported a 2016 net profit of $89.1 million, down 20% from $111.2 million in net income for 2015.

Russian authorities have removed temporary restrictions on the air operator’s certificate (AOC) of Pskov-based regional carrier Pskovavia.

Korean Air reported a consolidated net loss of KRW642 billion ($565 million) in the fourth quarter of 2016, reversed from a profit of KRW132 billion in the same period a year earlier.

Norwegian regional airline Widerøe will become the first airline to operate the Embraer E190-E2, when it receives its initial aircraft in the first half of 2018.

UAE-based low-cost carrier (LCC) Air Arabia reported a 2016 net profit of AED509 million ($138.6 million), down 4% compared to AED530 million for 2015.

Air France’s new, lower-cost long- and medium-haul airline will initially use Airbus A340s on its long-distance routes.

Delta Air Lines has moved forward with a cash tender offer to acquire up to an additional 32% of Grupo Aeromexico’s outstanding shares.

China’s Longjiang Airlines has begun daily Airbus A321 service from Harbin to Hefei and Zhuhai commencing operations serving the Northeast China market.

Ho Chi Minh City-based low-cost carrier (LCC) Jetstar Pacific Airlines will sell and leaseback 10 new Airbus A320-200s to US-based lessor Aviation Capital Group (ACG).

Kuwaiti hybrid carrier Jazeera Airways reported that its net profit for 2016 dropped by almost 30%, to KD10.8 million ($35.4 million), compared to KD15.4 million for 2015.

Three airberlin Airbus A320s operating in Eurowings colors launched Feb. 10 from Hamburg to Manchester, Stuttgart and Nuremberg.