Guangzhou-based startup Longhao Airlines expects to receive an air operator’s certificate from the Civil Aviation Administration of China soon and plans to make a rapid expansion after it is launched.
Abu Dhabi-based Etihad Aviation Group and German holiday company TUI Group are in final discussions to create a European leisure airline group, which is expected to operate 60 aircraft on point-to-point services to key tourist markets.
Shanghai-based Juneyao Airlines reported a third-quarter net profit of CNY554.3 million ($83.1 million), up 22% compared to a net income of CNY454.5 million in the year-ago quarter.
Russian heavy cargo specialist Volga-Dnepr Group has confirmed its Ruslan International Antonov An-124-100 joint venture with Ukraine’s Antonov Airlines will end Dec. 31, 2016.
Malaysia Airlines has confirmed plans to reconfigure and reassign its six Airbus A380s to a new carrier unit dedicated to transporting Hajj pilgrimage passengers.
Asia-Pacific airlines will benefit from some of world’s largest and fastest-growing markets but also will face considerable challenges meeting demand with many low-cost carriers likely to struggle if oil prices rise.
Conselho Administrativo de Defesa Econômica (CADE), Brazil’s competition authority, has approved Qatar Airways’ investment in LATAM Airlines Group, but the regulator has also expressed misgivings about LATAM’s proposed joint venture (JV) with International Airlines Group (IAG).
Spanish carrier Air Europa and Danish regional aircraft lessor Nordic Aviation Capital (NAC) have completed a sale and leaseback on seven Embraer E195s.
Indianapolis-based regional airline operator Republic Airways Holdings plans to emerge from Chapter 11 bankruptcy protection in the 2017 first quarter, the company said in a plan of reorganization filed with a federal bankruptcy court in New York.
Financial results to-date for airlines worldwide, highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for the third quarter of 2016.
São Paulo-based low-cost carrier (LCC) GOL posted a third-quarter net profit of BRL65.9 million ($20.4 million), reversing a BRL2.1 billion net loss in 3Q 2015.
Turkish low-cost carrier (LCC) Pegasus Airlines is undertaking a major cost reduction program as it battles to offset the continuing effect of slumping inbound tourist traffic to the nation.
United Arab Emirates (UAE)-based low-cost carrier (LCC) Air Arabia has posted third-quarter net profits of AED297 million ($80.8 million), up 26% from a net profit of AED235 for the same period last year.
India’s Jet Airways Group recorded a net profit of INR850 million ($12.7 million) for the second quarter of the airline’s 2017 financial year, up 2.4% from INR830 million in the year-ago quarter.
Financial services firm Berkshire Hathaway has reversed course and made a $1.3 billion investment in three US airlines, not including an undisclosed investment in a fourth, regulatory documents show.
UK low-cost carrier (LCC) easyJet reported a full-year net profit of £427 million ($534.7 million), down 22% from a £548 million profit in the prior year.
