Airlines & Lessors

Dublin-based ASL Aviation Group has acquired two cargo airlines owned by the Dutch TNT Express, which is also being acquired by US-based FedEx.

Low-cost carrier Norwegian has firmed up eight Boeing 737 MAX 8 purchase options and agreed to lease two more 787-9s.

International Airlines Group (IAG) acquired Aer Lingus in September, bringing it under the Group umbrella that includes British Airways and Spanish carriers Iberia and Vueling. Stephen Kavanagh joined Aer Lingus in 1988 and was appointed CEO in March 2015.

Asia-Pacific airlines saw a move to an overall $6.9 billion in net earnings in calendar year 2015 compared to a collective loss of $1.2 billion during 2014, according to the Association of Asia Pacific Airlines (AAPA).

Lufthansa subsidiary Austrian Airlines will cancel 150 flights in June because of a pilot shortage again this year.

Irish budget carrier Ryanair reported a full-year net income of €1.24 billion ($1.35 billion), up 43% from a €867 million profit in the year-ago period.

Malaysia Airlines Berhad (MAB) has exercised the lease option for two additional new Airbus A350-900s with Air Lease Corp. (ALC) under a 12-year lease agreement.

Vietnamese low-cost carrier Vietjet finalized an order for 100 Boeing 737 MAX 200 narrowbodies, a deal worth some $11.3 billion at list prices.

Ireland’s pro-aviation policy, embracing deregulation and liberalizing market access, is visionary and helps enable growth among airlines, lessors, MROs and aviation and travel companies, the CEO of Aer Lingus told a Washington DC audience this week.

Iberia is seeking to join fellow oneworld members British Airways (BA), Finnair and Japan Airlines (JAL) in their joint venture (JV).

Malaysia Airlines has taken another important step in its reorganization by overhauling its corporate structure and creating a holding company for its main businesses.

People-May 19, 2016

Singapore Airlines (SIA) plans to combine the management of its low-cost carrier (LCC) subsidiaries Scoot (long-haul) and Tigerair (regional) into a single body.

Alitalia chairman Luca Cordero di Montezemolo is aiming to make a decision on whether to invest in Air Malta this summer.

Dublin-based aircraft lessor SMBC Aviation Capital has ordered 10 CFM International LEAP-1A engines to power five additional Airbus A320neo aircraft.

Current U.S. Gulf Coast Kerosene-Type Jet Fuel Spot Price, showing the latest and comparative figures for the current week.

The 10 publicly traded mainline US airlines reported a collective first-quarter pre-tax profit of $4.8 billion, according to Airlines for America (A4A).

Airline News-May 18, 2016

Italian flag carrier Alitalia is holding firm on its target of hitting breakeven in 2017, although new CEO Cramer Ball is hoping to go further and post a profit.

Korean Air recorded a consolidated net loss of KRW175 billion ($149 million) for the first quarter, up from a KRW133 loss in the same period a year earlier.

Singapore Airlines (SIA) Group reported net profit of S$804.4 million ($568.7 million) in its fiscal year ended March 31, more than doubling a S$367.9 million net profit in its previous fiscal year.

Atlanta-based Delta Air Lines will lower its planned second-half 2016 system capacity growth by one percentage point to below 2% year-over-year, and predicted the move will enable it to return to positive unit revenue growth this year.

For commercial airlines and airline groups worldwide, year-to-date 2016 passenger traffic, RPKs, load factors, and FTKs, as of May 17, 2016.

Eight Asia-Pacific low-cost carriers (LCCs) have formed a new standards-based collaborative marketing group, using the IATA New Distribution Capability (NDC) digital interoperability standard.

Swiss International Air Lines (SWISS)—which will take delivery of its first Bombardier CSeries 100 at the end of June—is making preparations for entry-into-service (EIS) of the new generation aircraft.