Transaero Airlines and Industrial and Commercial Bank of China (ICBC) have signed a partnership agreement to attract funding for the Russian carrier. ICBC will provide a range of legal and marketing services aimed at attracting investments into Transaero, the carrier said in a statement.
Air passenger traffic demand worldwide increased 5.7% year-over-year in October, building on September’s 5.2% rise “as improvements in economies in Asia-Pacific and the US offset signs of weakness in the eurozone and China,” IATA DG and CEO Tony Tyler said in IATA’s October Air Passenger Market Analysis Report.
US Airline Fuel Cost and Consumption figures, organized by domestic, international and system totals, contrasted with figures from the previous month, three months prior, six months prior, a year ago, two years ago and five years ago.
Air Seychelles launched 2X-weekly Airbus A320 service to Antananarivo and 3X-weekly service to Mumbai. It also began 2X-weekly Airbus A320 service to Dar es Salaam. Ethiopian Airlines has begun 3X-weekly Doha service.
Air Canada will start 4X-weekly flights between Toronto and Delhi in November 2015, marking the Montreal-based carrier’s entrance into the Indian subcontinent.
Lufthansa subsidiary Austrian Airlines considers the merger with its subsidiary, Innsbruck-based Tyrolean Airways, a “sign of conciliation and as a starting point for a new Austrian Airlines,” CEO Jaan Albrecht said in a statement.
Scandinavian Airlines (SAS) has struck a deal to acquire 100% of Danish regional airline Cimber, which was set to close in April 2015 after losing its long-standing SAS wet-lease agreement.
Kazakhstan-based Air Astana will decide next year if it will order either the Airbus A321neoLR or the Boeing 737 MAX-9 to replace its fleet of five 757-200s and older A320 family aircraft.
African low-cost carrier fastjet has sold a pair of ATR 72-500s formerly operated by Fly540 Ghana and Angola, as part of its previously announced restructuring of the two businesses.
Russia’s Avialeasing investment company has filed a bankruptcy motion against UTair Airline, according to the arbitration court of Khanty-Mansiysk Autonomous Okrug.
Delta Air Lines’ MRO division, Delta TechOps, opened a new line maintenance facility at Tokyo Narita Airport to provide support for the airline’s Airbus A330 and Boeing 747-400, 777, 767 and 757 aircraft.
Star Alliance member SAS Scandinavian Airlines and Abu Dhabi-based Etihad Airways are set to begin codeshare operations between Scandinavia and the United Arab Emirates.
Building on its recent change of ownership and new board, Alitalia has released details of its new C-level management team, which includes three veterans from new shareholder Etihad Airways
The European Commission has appointed a newly-created cross-industry group, called the SESAR Deployment Alliance, to drive forward Europe’s long-awaited airspace modernization.
Quarterly financial results from 74 air carriers worldwide, highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for the third quarter of 2014, generally defined as July 1, 2014 through September 30, 2014.
Aer Lingus CEO Christoph Mueller, known for his airline turnaround skills, has been tapped to become CEO of Malaysia Airlines next year, it was announced Friday.
Cathay Pacific Airways pilots have implemented “work-to-rule” industrial action after long-running contract talks with the airline failed to produce an agreement, and it remains uncertain when the two parties will return to the negotiating table.
Air France-KLM is considering partnerships with low-cost carriers to substitute its thwarted attempt to create Transavia Europe, although nothing is imminently in the pipeline.
