Russian airlines carried 5.96 million passengers in January-April 2016, down 6.4% year-over-year (YOY). International traffic is down 24.2% to 2.06 million, while domestic traffic is up 6.8% to 3.9 million.
BOC Aviation is expecting to raise approximately HK$4.2 billion ($547 million) when it completes its listing on the Hong Kong stock exchange on June 1.
European carriers are bracing for further disruption, as France’s air traffic controllers plan another walkout which threatens to be the worst of 2016.
Japanese major All Nippon Airways (ANA) has finalized its agreement to take an 8.8% stake in Vietnamese flag carrier Vietnam Airlines, worth VND2.43 trillion ($109 million).
The rate of change in scheduled passenger airline full-time equivalent employment by airline group, displayed as year-over-year percentage growth or losses. Differential changes for each of the last 13 months are shown.
Ranked by involuntary denied-boardings per 10,000 passengers, lowest to highest. Source: US DOT Aviation Consumer Protection Division Air Travel Consumer Report.
Thailand-based long-haul low-cost carrier (LCC) Thai AirAsia X is to start new services to Muscat, Oman from its base at Don Mueang International, Bangkok.
UK startup People Over Profit (POP) is seeking £5 million ($7.3 million) in funding to launch long-haul, low-cost flights to India, using a chartered Airbus A330-300.
China’s HNA Group is expected to make an investment of A$159 million ($114 million) to buy a 13% stake in Virgin Australia for A$0.3 per share in an effort to enhance its position in the fast growing Sino-Australia market.
Cathay Pacific Airways has taken delivery of its first Airbus A350 XWB, becoming the sixth airline to place the new widebody in its fleet. The aircraft was delivered to the Hong Kong-based airline May 28 and will begin service June 1.
Japanese full-service carrier All Nippon Airways (ANA) will introduce two new services to help avoid language barriers and ensure rapid emergency medical attention on flights.
Turkish low-cost carrier Pegasus Airlines reported a first-quarter net loss of TRY173.6 million ($61.2 million), widely sharpened from a net loss of TRY50 million a year ago.
Greek flag carrier Aegean Airlines recorded a net loss of €21.5 million ($24 million) for 1Q 2016, widened from a €8.3 million net loss for the year-ago quarter.
Malaysia Airlines Berhad (MAB), now a government-controlled entity of Malaysian sovereign wealth fund Khazanah, said in its May Quarterly Progress Update (QPU) it was seeing “strong indications [of] positive results” as a result of ongoing restructuring.
The problem of fraudulently obtained travel documents is outstripping forged passports as one of the key identity validation issues facing the air transport industry today.
