Most airline executives will go through their careers without seeing their company undergo a change of ownership. Managers at Antwerp-based VLM went through two in six months. Having survived that rollercoaster ride, VLM is focusing on a return to a quieter life—and profitability.
Fastjet shareholder Stelios Haji-Ioannou has accused the African carrier of being in breach of its brand license, deepening the rift with airline management.
Garuda Indonesia has appointed Juliandra Nurtjahjo as new president director of its MRO arm, Garuda Maintenance Facility AeroAsia (GMF), succeeding Richard Budihadianto. Nurtjahjo was formerly director-line operations.
Lufthansa Group low-cost subsidiary Eurowings is delivering unit costs of up to 30% lower than its hub airlines, Lufthansa chairman and CEO Carsten Spohr told reporters and analysts during the group’s financial results conference.
US-based FedEx Corp. reported a fiscal third-quarter net profit of $507 million, down 19% from net income of $628 million earned in the prior-year quarter, but the company pointed to rising revenue and a strong performance in its FedEx Express airline segment.
Thai-based low-cost carrier (LCC) Nok Air reported a net loss of THB723.9 million baht ($20.08 million) for FY 2015, deepened from a THB472 million net loss in 2014.
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.
The Lufthansa Group has reported a 2015 net profit of €1.7 billion ($1.9 billion), up significantly from a net profit of €55 million in 2014, although the main contributors were lower fuel prices and money received from withdrawing its stake in US carrier JetBlue Airways.
Fastjet CEO Ed Winter has brought forward his leaving date to March 18, triggering the cancellation of an extraordinary general meeting calling for his removal.
Russia’s Federal Air Transport Agency, Rosaviatsia, has restricted Metrojet-branded Kogalymavia Airlines’ air operator’s certificate (AOC), prohibiting it from operating domestic and international flights from March 15 because of debt violations.
Eight international flights experienced tarmac delays on US soil exceeding four hours in January, according to the US Bureau of Transportation Statistics.
