Airlines & Lessors

Taipei-based TransAsia Airways has announced it is shutting down, citing heavy operating losses following two major crashes in 2014 and 2015.

Fiji Airways has committed to ordering five Boeing 737 MAX 8 aircraft to replace its narrowbody fleet of four 737-800s and one 737-700.

Southwest Airlines’ appearance technicians have ratified a four-year tentative agreement with the Dallas-based airline.

LCCs have transformed the domestic Mexican market in recent years, and LCCs have a strong foothold in the Brazilian market, but the model has not yet caught on in the rest of Latin America.

Scandinavian Airlines (SAS) is exploring the possibility of creating a new subsidiary that would tap into the growing European leisure sector.

UK-based Stobart Group, operator of regional carrier Stobart Air, is taking complete ownership of leasing company Propius Holdings.

Airberlin is set to recruit more than 500 additional flight attendants related to the airline’s growth plan for long haul routes, especially to North America.

Aviation Industry Corp. of China (AVIC) is planning to launch a cargo carrier soon in an effort to boost sales of the MA600 turboprop freighter.

Lufthansa canceled 876 out of nearly 3,000 planned flights – including 51 long-haul routes – for Wednesday Nov. 23 following the call from Lufthansa pilot union Vereinigung Cockpit (VC) for a pilot strike.

Boeing has named GE Aviation Services president and CEO Kevin McAllister the new president and CEO of Boeing Commercial Airplanes, replacing Ray Conner.

Delta Air Lines and Aeromexico have strongly objected to the conditions imposed by the US Department of Transportation (DOT) to grant antitrust immunity to the carriers’ proposed transborder joint venture (JV), and said they will reconsider the JV if DOT does not change course.

São Paulo-based low-cost carrier (LCC) GOL has revised its 2016 financial guidance following the airline’s third-quarter results.

Guangzhou-based startup Longhao Airlines expects to receive an air operator’s certificate from the Civil Aviation Administration of China soon and plans to make a rapid expansion after it is launched.

The Air Mauritius Group recorded profits of €13.8 million ($14.6 million) for 2Q in its 2016-17 financial year.

Singapore Airlines is pushing for a stretched version of the Airbus A350 to be launched, but the manufacturer is not yet convinced the time is right.

Abu Dhabi-based Etihad Aviation Group and German holiday company TUI Group are in final discussions to create a European leisure airline group, which is expected to operate 60 aircraft on point-to-point services to key tourist markets.

Shanghai-based Juneyao Airlines reported a third-quarter net profit of CNY554.3 million ($83.1 million), up 22% compared to a net income of CNY454.5 million in the year-ago quarter.

Russian heavy cargo specialist Volga-Dnepr Group has confirmed its Ruslan International Antonov An-124-100 joint venture with Ukraine’s Antonov Airlines will end Dec. 31, 2016.

Malaysia Airlines has confirmed plans to reconfigure and reassign its six Airbus A380s to a new carrier unit dedicated to transporting Hajj pilgrimage passengers.

Asia-Pacific airlines will benefit from some of world’s largest and fastest-growing markets but also will face considerable challenges meeting demand with many low-cost carriers likely to struggle if oil prices rise.

Japanese low-cost carrier (LCC) Peach Aviation has signed a firm order for 10 Airbus A320neos and three A320ceos, it was announced Nov. 18.

Conselho Administrativo de Defesa Econômica (CADE), Brazil’s competition authority, has approved Qatar Airways’ investment in LATAM Airlines Group, but the regulator has also expressed misgivings about LATAM’s proposed joint venture (JV) with International Airlines Group (IAG).

Spanish carrier Air Europa and Danish regional aircraft lessor Nordic Aviation Capital (NAC) have completed a sale and leaseback on seven Embraer E195s.

China Eastern Airlines Group said it proposes to become an aviation investment company, assisting in the reorganization of the Chinese industry.

Indianapolis-based regional airline operator Republic Airways Holdings plans to emerge from Chapter 11 bankruptcy protection in the 2017 first quarter, the company said in a plan of reorganization filed with a federal bankruptcy court in New York.