Airlines & Lessors

Doha-based Qatar Airways Group recorded a net profit of QR1.62 billion ($445 million) for its 2016 fiscal year ended March 31, 2016, more than quadrupling its net profit of QR373 million in FY2015.

Budapest-based Wizz Air low-cost carrier (LCC) has selected Pratt &Whitney engines to power the 110 Airbus A321neos committed to at the Paris Airshow last year and finalized in September.

Boeing’s 787 may be a better fit for some expanding Chinese airlines rather than the larger 777 that has been selling to the country’s carriers in recent years, Boeing Commercial Airplanes president and CEO Ray Conner said at the Farnborough Airshow July 13.

For Brazilian manufacturer Embraer's commercial aircraft, consolidated 2016 orders, deliveries and cancellations -- updated through the 2016 second quarter.

Malaysia-based low-cost carrier (LCC) AirAsia signed a firm order with Airbus for 100 A321neos, the largest single new order for commercial jets announced so far at the Farnborough Airshow.

Hong Kong lessor China Aircraft Leasing Corp. (CALC) and Hong Kong aviation investor Friedmann Pacific Investment (FPI) signed a preliminary order with Chinese manufacturer COMAC for 60 ARJ21-700 regional jets.

Vietnam Airlines has named Duong Tri Thanh, who has been Jetstar Pacific Airlines’ chairman since 2012, as its new president and CEO.

Brazilian manufacturer Embraer delivered 26 commercial aviation aircraft in the second-quarter of 2016, one less than the year-ago

US-based Air Lease Corp. (ALC) announced an order for six Boeing 737 MAX 8s at the Farnborough Airshow.

Gulf carrier Qatar Airways is to take a stake of up to 10% in South America’s LATAM Airlines Group, it was announced at the Farnborough Airshow July 12.

Mitsubishi is closing in on its first European order after Swedish regional aircraft leasing specialist Rockton Aviation signed a letter of intent (LOI) to take 10 Mitsubishi MRJ90s and options on a further 10.

US lessor Air Lease Corp. (ALC) Airbus kicked placed a firm order with Airbus for three A350-900s plus a single A321.

With the release of the first round of major US airlines’ operational data for June 2016, half-year results are taking form.

New Cyprus-based carrier Cobalt has launched initial services, with plans to ramp up its fleet and destinations over the next few weeks.

Air France-KLM Group has announced the resignation of CFO Pierre-François Riolacci, effective Nov. 4, when he will become CFO at Danish facilities manager ISS A/S.

South Korea-based Asiana Airlines’ new LCC subsidiary, Air Seoul, is scheduled to start flying next week.

Airbus and Boeing commercial aircraft deliveries for 2016 year-to-date, sorted by most-recent delivery date.

Airbus and Boeing commercial aircraft gross orders for 2016 year-to-date, sorted by most-recent date of order placement with manufacturer.

People-July 7, 2016

Global air passenger traffic grew 4.6% year-over-year in May, unchanged from April and signaling a slowdown in growth, according to IATA’s latest Air Passenger Market Analysis.

China’s HNA Group, parent of Hainan Airlines, has acquired 61.7% of Swiss airline catering and logistics services company Gategroup—and 63.6% of the voting rights and shares as of July 1—which is sufficient for its takeover bid.

Airlines in China and Taiwan have either canceled or delayed flights over the next few days as the region braces for Typhoon Nepartak, which is expected to make landfall on Taiwan’s east coast early Friday, then hit China Saturday.

Airbus had its biggest delivery month so far this year with 64 commercial aircraft handed over in June to 33 airlines and nine lessors.

Global air freight market demand slowed to 0.9% in May year-over-year (YOY) while global air freight capacity increased 4.9% YOY, the slowest pace since March 2015, according to IATA’s Air Freight Market Analysis.

Addis Ababa-based Ethiopian Airlines, which operates the largest network within Africa, has seen a 2%-3% drop in African business, mainly because of microeconomic challenges in oil export nations, Group CEO Tewolde Gebremariam told ATW at last week’s Airbus A350 XWB delivery in Toulouse.