Irish LCC Ryanair has urged German competition authority (Bundeskartellamt) and the European Union (EU) Commission to block the “stitch-up” between the German government, Lufthansa and airberlin to carve up airberlin’s assets, saying it excludes major competitors and ignores both competition and state aid rules.
AirAsia Group reported a 2017 second-quarter net profit of MYR140 million ($33 million), down 53% from net profit of MYR298 million in the year-ago period.
Continuing sound fundamentals in the airline industry helped spur lessor BOC Aviation to an improved 2017 first-half result compared to the year-ago period.
A combination of yield pressure and seasonality were some of the factors behind hybrid carrier flydubai recording a loss of AED142 million ($38.8 million) for 1H 2017, the airline said.
Greybull Capital, the owner of Monarch Airlines, is the latest company to emerge as interested in Alitalia, highlighting the possibility that the Italian flag carrier’s operations could be sold off separately—even though Italy’s government has stated a preference for a sale of the company as a whole.
[UPDATED] Houston Intercontinental Airport (IAH) and Houston Hobby Airport (HOU) are closed because of severe flooding in Houston in the aftermath of Hurricane Harvey, significantly affecting United Airlines and Southwest Airlines.
Hainan Airlines reported a net profit of CNY1.2 billion ($17 million) for the 2017 first half, down 31% over net income of CNY1.7 billion for the same period last year.
Russia’s AirBridgeCargo (ABC), part of Volga-Dnepr Group, carried 335,000 tonnes in the first half of 2017, up 16% year-over-year (YOY), as a result of strong demand across the Asia-Pacific network.
Airberlin’s frequent flier program, topbonus, followed the German carrier in filing for insolvency Aug. 25 after Abu Dhabi-based Etihad Airways pulled support.
Canadian training specialist CAE will pay $100 million to acquire full control over the Asian Aviation Centre of Excellence (AACE), a 50:50 joint venture with LCC AirAsia.
Irish LCC Ryanair has filed complaints with Germany’s competition authority and the European Commission (EC) over the handling of airberlin’s assets since it filed for insolvency.
Long-haul LCC AirAsia X (AAX) achieved strong growth in its second-quarter profit, as it managed to spur healthy demand despite significant capacity expansion.
Azerbaijan Airlines (AZAL) has taken delivery of an Embraer E190 from regional aircraft lessor Nordic Aviation Capital (NAC) for its new LCC subsidiary Buta Airways, which will launch Sept. 1.
Aeroflot Group’s international traffic increased 27.2% from January-July. During the seven-month period, the group carried 28.3 million passengers, up 17.3% year-over-year (YOY).
China’s Spring Airlines plans to collect CNY4 billion ($600 million) by circulating non-public A shares to purchase 10 A320 aircraft and one A320 simulator.
The European Aviation Safety Agency (EASA) has issued an emergency airworthiness directive (AD), warning operators about a risk of the Airbus A350 hydraulic engine driven pump (EDP) overheating and causing a fire.
Rising fuel expenses, combined with the cost of operating new international routes, were behind Thailand LCC Nok Air’s THB749 million ($22 million) net loss for the 2017 second quarter, narrowed from a THB864 million net loss in 2Q 2016.
Amid intense pressure to find quick solutions for the failing airberlin business, the company’s creditor committee is expected to grant preliminary approval for the sale of Austrian affiliate Niki to Lufthansa at its Aug. 23 meeting.
