Airbus has appointed Jean-Brice Dumont as Commercial Aircraft head of engineering, succeeding Charles Champion, who plans to retire by the end of the year.
Russia’s Aeroflot Group carried 1.5 million international passengers in January, up 25.6% year-over-year (YOY). Domestic traffic grew 10.1% to 1.9 million.
Financial results to-date for airlines worldwide, highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for the fourth quarter of 2016.
Halifax-based Chorus Aviation, the parent company of Canadian regional airline Jazz Aviation, posted 2016 net profits of C$111.8 million ($83 million), more than quadrupling its C$25.5 million net result for 2015.
Bilal Eksi had to deal with the June terrorist attack at Istanbul Ataturk Airport and an attempted military coup that seriously hurt demand and profits.
All Nippon Airways (ANA) Holdings has extended control over Japanese low-cost carrier (LCC) Peach Aviation, as it acquires a greater share of the joint venture.
2016 year-end deliveries for Airbus and Boeing; airline traffic by region, traffic at key worldwide airports; airline financials; aircraft value projections.
Los Angeles-based commercial aircraft lessor Air Lease Corp. (ALC) posted a 2016 net profit of $374.9 million, up 48% from $253.4 million net income in 2015.
Mexican low-cost carrier (LCC) Grupo Viva Aerobus posted a 2016 net profit of MXP765.8 million ($37 million), a 69.2% increase over the company’s MXP452.7 million 2015 net income.
Atlas Air Worldwide Holdings earned a 2016 net profit of $41.5 million, a nearly six-times increase over net income of $7.3 million in 2015, though the 2015 results are skewed by one-time charges related to settling class-action litigation.
Qantas reported a consolidated net profit of A$515 million ($372.1 million) for the first half of its FY2017 (July-December 2016), down 25.1% from A$688 million in the first half of FY2016.
The AirAsia X (AAX) Group reported a significant decline in fourth-quarter profits, although this was not enough to prevent an impressive turnaround in its full-year 2016 results.
FedEx Express, the airline arm of Memphis-based FedEx Corp., and the United States Postal Service (USPS) have extended a contract by four years under which FedEx provides express air transport services for USPS.
Air Astana president & CEO Peter Foster has detailed network plans for the year, saying the carrier will focus on operating as a “low-cost, full-service airline.”
Ireland-based lessor AerCap turned in a net profit of $1.04 billion on a reported basis for the year ended Dec. 31, 2016, compared to $1.17 billion for the preceding year.
More competition for lucrative transatlantic first-class passengers is imminent with the appearance of a new operator—New York-based Bliss Jet—selling individual seats on high-end business jets.
