Airlines & Lessors

Haikou, China-based HNA Group, the parent of Hainan Airlines, is expected to purchase an 82.5% stake in Frankfurt-Hahn Airport in western Germany as the company steps up its international expansion.

Russia’s Aeroflot Group reported a 2016 net income of RUB38.8 billion ($640 million), reversing a RUB6.5 billion net loss in 2015.

United Airlines and Air Wisconsin have signed a five-year capacity purchase agreement (CPA), enabling the regional carrier to fly as a United Express carrier.

Qatar Airways has reached an agreement with LATAM Airlines Group to lease four A350-900s for a period of 6-12 months.

Airberlin Group has promoted Götz Ahmelmann to CCO, from March 1, succeeding Julio Rodriguez who will become CCO of the carrier’s Austrian-based subsidiary FlyNiki.

TAP Portugal has posted a full-year net profit of €34 million ($35.8 million) for 2016, marking its return to profitability.

Malaysia Airlines said it finished last year ahead of its budgeted loss, with a “strong result” during the final quarter of 2016.

Russian airlines carried 6.6 million passengers in January, up 20.2% year-over-year (YOY).

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.

French Caribbean carrier Air Caraïbes has taken delivery of its first Airbus A350-900, making it the first French airline to operate the type.

People-Feb. 27, 2017

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.

Embraer has named Marco Tulio Pellegrini as the new CEO of Indústria Aeronáutica de Portugal (OGMA).

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.

Delta Air Lines has named John Caldwell its new VP-Seattle as Mike Medeiros transitions to his new role as COO at Aeromexico.

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.