Airlines & Lessors

Mexican regional operator Aeromar will add two US destinations in the next six to eight months, CEO Andres Fabre said.

Finnair recorded an annual profit for 2016 of €85.1 million ($90 million), down from the 2015 figure of €89.7 million.

Icelandair Group reported a 2016 net profit of $89.1 million, down 20% from $111.2 million in net income for 2015.

Russian authorities have removed temporary restrictions on the air operator’s certificate (AOC) of Pskov-based regional carrier Pskovavia.

Korean Air reported a consolidated net loss of KRW642 billion ($565 million) in the fourth quarter of 2016, reversed from a profit of KRW132 billion in the same period a year earlier.

Norwegian regional airline Widerøe will become the first airline to operate the Embraer E190-E2, when it receives its initial aircraft in the first half of 2018.

UAE-based low-cost carrier (LCC) Air Arabia reported a 2016 net profit of AED509 million ($138.6 million), down 4% compared to AED530 million for 2015.

Air France’s new, lower-cost long- and medium-haul airline will initially use Airbus A340s on its long-distance routes.

Delta Air Lines has moved forward with a cash tender offer to acquire up to an additional 32% of Grupo Aeromexico’s outstanding shares.

China’s Longjiang Airlines has begun daily Airbus A321 service from Harbin to Hefei and Zhuhai commencing operations serving the Northeast China market.

Ho Chi Minh City-based low-cost carrier (LCC) Jetstar Pacific Airlines will sell and leaseback 10 new Airbus A320-200s to US-based lessor Aviation Capital Group (ACG).

Kuwaiti hybrid carrier Jazeera Airways reported that its net profit for 2016 dropped by almost 30%, to KD10.8 million ($35.4 million), compared to KD15.4 million for 2015.

Three airberlin Airbus A320s operating in Eurowings colors launched Feb. 10 from Hamburg to Manchester, Stuttgart and Nuremberg.

Air France may operate Airbus A350 aircraft on the new low-cost, long-haul carrier, currently dubbed Boost, it is setting up to better rival its main competitors, including Gulf carriers.

Air Canada has unveiled a new livery for its entire fleet of 300 mainline and regional aircraft, which are being repainted in a “bold black and white design that highlights its iconic red maple leaf encircled ensign, or ‘rondelle,’ that returns to the tail of the flag carrier’s fleet after an absence of 24 years,” the airline said in a statement.

Airbus and Boeing commercial aircraft deliveries for 2017, sorted by most-recent delivery date.

US President Donald Trump has promised US airline executives that he will roll back regulations on the industry, ease carriers’ tax burden and upgrade an “obsolete” air traffic control (ATC) system.

Airbus and Boeing commercial aircraft gross orders for 2017, sorted by most-recent date of order placement with manufacturer.

China Express Airlines plans to launch an initial public offering (IPO) by circulating no more than 40.5 million shares for fleet expansion, according to the China Securities Regulatory Commission (CSRC).

Chicago-based United Airlines experienced a five-hour technological problem the morning of Feb. 8, causing delays to “less than 10%, under 500 flights” of its daily schedule, according to a spokesperson.

Singapore Airlines (SIA) has committed to 20 Boeing 777-9s and 19 787-10, in addition to its previous order for 30 787-10s.

Alaska Air Group will spend the next 6-9 months evaluating Virgin America’s Airbus A320 fleet to determine whether it will keep the aircraft long term, according to Alaska chairman and CEO Brad Tilden.

Korean Air has named Walter Cho as president and COO.

In 2016, Abu Dhabi-based Etihad Airways saw a year “of sustained growth in a very tough business environment,” Etihad Aviation Group (EAG) president and CEO James Hogan said in a Feb. 8 statement.

Russia’s federal air transport agency, Rosaviatsia, has suspended the air operator’s certificates (AOCs) for two regional carriers—Buryat Airlines and Pioneer Airlines—effective Feb. 7, following unscheduled inspections.