The Republic of Slovenia has agreed to sell 91.58 % of Adria Airways to Luxembourg-headquartered turnaround specialist 4K Invest for €100,000 ($108,756), subject to regulatory clearances and other conditions.
Anticipating a major snowstorm due to strike the US Mid-Atlantic region over the weekend, airlines have canceled at least 3,014 flights as of 11:30am EST Jan. 22.
Lufthansa Group will take delivery of 52 new aircraft in 2016, marking the highest number of new aircraft in one year in the company’s history, Lufthansa chairman and CEO Carsten Spohr told ATW on the sidelines of the European Aviation Summit in Amsterdam.
Gulf Air’s plans to order the Bombardier CSeries regional jet may be in doubt, after the airline’s CEO announced plans to meet the Canadian manufacturer in the next few weeks.
After five years as CEO of oneworld, Bruce Ashby has resigned and will leave the alliance later this year. “After five years in this role it makes sense for me to move on at this time,” Ashby said, announcing his departure on Jan. 22.
Southwest Airlines earned net income of $2.18 billion in 2015, up 92% over a net profit of $1.14 billion in 2014, marking the Dallas-based carrier’s 43rd straight year of profitability.
Alaska Air Group, parent of Alaska Airlines and Horizon Air, posted a full-year 2015 net profit of $848 million, up 40.2% from 2014’s $605 million net result.
Luxemburg-based Cargolux has finalized a shareholder agreement and approved a $77 million investment for a new cargo joint venture (JV), Cargolux China.
For French-Italian turboprop manufacturer ATR (Avions de Transport Régional), consolidated 2015 firm orders, options and estimated order values, organized by customer name.
United Airlines parent United Continental Holdings posted a 2015 net profit of $4.5 billion, excluding special items that included a $3.1 billion non-cash tax valuation benefit.
The Russian Institute of Volcanology has issued a code orange alert after Russia’s Zhupanovsky volcano began erupting earlier this week, sending clouds of ash and gas to 27,000 ft.
United Airlines said it has reached an agreement to acquire 40 new Boeing 737-700s, which will be used to replace a portion of the carrier’s domestic capacity now being operated under contract by regional airlines.
The newly launched Airlines for Europe (A4E) is urging the European Commission to review its Airport Charges Directive in light of new data that shows charges at Europe’s top airports have increased 80% over the last 10 years.
A new airline association, Airlines for Europe (A4E), was launched Jan. 20, bringing together Europe’s five largest airline groups—Air France-KLM, easyJet, International Airlines Group (IAG), Lufthansa Group and Ryanair.
US airlines ranked by mishandled baggage reports per 1,000 passengers, lowest to highest; contrasted with reports from the previous month, and the year-ago month.
Global international passenger traffic slowed in November 2015, registering 3.2% year-over-year growth, according to IATA’s November Premium Traffic Monitor.
Russia’s S7 Airlines carried 10.6 million passengers in 2015, up 5.6% year-over-year (YOY). S7 Group publishes combined statistics for Sibir Airline and Globus.
