South African Airways (SAA), has taken delivery of its first of five new leased Airbus A330-300s, becoming Airbus’s first Southern African operator of the aircraft type.
Denmark-based charter airline Jet Time has discontinued its cargo and ACMI business units for SAS Scandinavian Airlines in an effort to save the carrier.
Turkish Airlines has taken eight Airbus A330-200s out of service as part of a sublease plan to cut costs following a net loss of $463 million in the first nine months of 2016, reversed from a net profit of $877 in the year-ago period.
Russia’s State Transport Leasing Co. (STLC) has placed an order for five Let L-410 aircraft with Russia’s Ural Works of Civil Aviation (UWCA), in a deal valued at RUB2 billion ($30.7 million) at list prices.
US industry trade organization Airlines for America (A4A) president and CEO Nicholas Calio praised the nomination of Elaine Chao to be Secretary of the US Department of Transportation (DOT) for the incoming Trump administration.
Central and Eastern European low-cost carrier (LCC) Wizz Air has concluded a sale and lease back deal with Bank of Communications and Financial Leasing (BoComm) for eight Airbus A320 family aircraft, and has finalized a previously announced operating lease deal with Singapore lessor BOC Aviation for two more of the type.
Hainan Airlines’ low-cost subsidiary Lucky Air plans to launch a low-cost carrier (LCC) in the Sichuan Province capital of Chengdu in an effort to explore the market potential of Southwest China.
Russia’s Aeroflot Group has reported a net profit of RUB43.8 billion ($693.5 million) for the first nine months of 2016 to Sept. 30, up significantly from RUB1.8 billion in the year-ago period.
Russian airlines carried 7.7 million passengers in October, up 4% year-over-year (YOY), according to Russia’s Federal Air Transport Agency, Rosaviatsia.
Elaine Chao, former US Department of Labor Secretary under President George W. Bush, is US President-elect Donald Trump’s pick for Secretary of the US Department of Transportation (DOT). The position will require US Senate confirmation.
Aircalin, a full-service airline based on the French Pacific island of New Caledonia, has signed a memorandum of understanding (MOU) to acquire two Airbus A320neos and two A330-900s.
The supervisory board of German holiday company TUI Group has given the go-ahead to create a European leisure airline group together with Abu Dhabi-based Etihad Aviation Group.
UK-based regional carrier Loganair is to resume services under its own name in 2017, following 24 years operating under franchise arrangements with larger airlines. The move follows a split with its current franchisor, flybe, Europe’s largest regional airline.
Bombardier has reassured airlines that ramp-up issues associated with the PW1500G geared turbofan engine powering the CSeries are being resolved, and the manufacturer is expressing confidence about CSeries deliveries and sales in 2017.
El Al Israel Airlines reported a third-quarter 2016 net profit of $70 million, down 24.7% from $93 million in the year-ago quarter. El Al said the result was mainly attributable to an increase in operating expenses over the quarter, which were up 7.3% to $470 million, compared to $438 million in 3Q 2015.
UAE-based low-cost carrier Air Arabia has converted five options for Airbus A320s into firm orders, the airline said Nov. 23. The order, for the current A320ceo version, is worth $485 million at book value.
