Air Lease Corporation (ALC) is to sell its fleet of 25 ATRs to Denmark’s Nordic Aviation Capital (NAC), which specializes in turboprop and regional aircraft leases.
Finnair has signed a memorandum of understanding to lease four new Airbus A321-200s from BOC Aviation and has detailed plans to dispose of four aircraft.
An Air Canada Boeing 777-300ER diverted to Calgary Dec. 30 to get passengers to hospital after several were injured during severe turbulence on a flight from Shanghai to Toronto.
China Express Airlines has placed a firm order with Bombardier Commercial Aircraft for 10 CRJ900 regional jets, raising its total orders for 900s to 38.
Current U.S. Gulf Coast Kerosene-Type Jet Fuel Spot Price, showing the latest figures for the current week, with comparisons to two weeks prior, one month prior, three months prior, six months prior and the current week during each year of the past decade. Figures are released every two weeks by the US Energy Information Administration.
Southwest Airlines reached a tentative agreement with the union representing its ground operations workers Dec. 29; a vote on the new contract is imminent.
A German court has ruled that Etihad Airways must cease its codeshare on 29 routes operated by partner airline airberlin, Germany’s second-largest carrier.
First delivery of the Airbus A320neo has been postponed until 2016 because of documentation issues. The delay means the neo misses a long-planned delivery target of late 2015.
Germany plans to introduce legislation requiring random testing for drugs and alcohol among the nation’s airline pilots in the aftermath of the Germanwings Airbus A320 crash in March, according to media reports Dec. 27.
A Christmas day Malaysia Airlines Berhad (MAB) flight from Auckland, New Zealand, to Kuala Lumpur, Malaysia flew an incorrect flight path after the airline submitted the wrong flight plan to New Zealand ATM operations at Auckland Airport.
The world’s airlines are set to post a collective record net profit of $33 billion for 2015 and are forecast to post another record net profit of $36.3 billion in 2016, according to IATA.
For an airline whose primary market is tourism, a military junta and terrorist bombings definitely impact the bottom line. While those events have affected Thai Airways’ financial situation, they are not the main problem.
Baggage fees revenues for US airlines in 3Q 2015 rose 6.2% year-over-year, to $1.02 billion, according to the US Bureau of Transportation Statistics (BTS).
United Airlines is one step closer to placing an order for new small narrowbody aircraft, after a key union committee voted on Dec. 22 to approve a proposed two-year contract extension.
