China’s low-cost carrier (LCC) Ruili Airlines has agreed to lease three Boeing 737 MAX aircraft from AVIC International Leasing Co. in an effort to facilitate its international expansion.
UK-based regional carrier Flybe reported a net deficit of £26.7 million ($8.8 million) for the 2016-17 financial year, reversed from a net profit of £6.8 million for the previous year.
Mexican low-cost carrier (LCC) Volaris plans to double the number of international routes it serves in the next five years, CEO Enrique Beltranena said at the IATA AGM in Cancun.
Alitalia has attracted 32 expressions of interest, including Irish low-cost carrier (LCC) Ryanair, which could include a connecting flight partnership.
Further airline industry consolidation is unlikely in the US in the near future, but carriers may seek to grow through joint ventures or investments in foreign airlines, according to PricewaterhouseCoopers (PWC).
Kenya Airways has all the ingredients to become a major player in Africa following restructuring over the last two years, CEO Sebastian Mikosz told ATW at the IATA AGM in Cancun.
Turboprop manufacturer ATR has created a new leasing, asset management and freighter department, as it seeks to improve its relationship with the lessor community.
Atlanta-based Delta Air Lines and Mexico City-based Grupo Aeromexico have agreed to jointly cooperate on cargo operations in the US-Mexico transborder market, the airlines said June 6.
The CEO of United Airlines, which attracted a barrage of public criticism over its bumped passenger incident, said this week that those who fly regularly are impressed with airline service.
The air-cargo industry, buffeted by the 2008 global financial crisis, is beginning a slow climb to returning to historic norms of growth, the IATA said at its AGM in Cancun.
Malaysia Airlines Berhad (MAB) is moving closer to a lease deal for used Airbus A330s that will allow the carrier to upgauge narrowbody aircraft routes in high-demand, international markets.
Europe’s largest regional airline, Flybe, has reached an agreement with UK regional Eastern Airways, under which the latter airline will operate as a Flybe franchisee.
Air France-KLM’s new subsidiary Boost project is on track, but pilots will ultimately control the destiny of the company’s proposed new long-haul operation.
African low-cost carrier fastjet reported a net loss of $48 million for the year ended Dec. 31, 2016, more than doubling the $21.9 million loss in the year-ago period.
Japan Airlines (JAL) will keep its growth to a steady rate over the next few years, but will likely see a more dramatic increase in 2020, chairman Masaru Onishi said.
Higher operating costs are becoming the “emerging challenge for the airlines,” the IATA’s chief economist Brian Pearce warned at the association’s AGM in Cancun.
International Airlines Group (IAG) CEO Willie Walsh emphasized that IAG subsidiary British Airways’ (BA) IT system did not fail during the recent episode that caused widespread flight cancellations, and offered criticism of the media for how the incident was covered.
Abu Dhabi-based Etihad Airways and Moroccan national carrier Royal Air Maroc (RAM) have signed a memorandum of understanding (MOU) for a cargo cooperation between the two airlines.
