Air France-KLM will take a $100 million stake in Brazilian low-cost carrier (LCC) GOL as the Franco-Dutch group seeks to increase its interests in South America.
Middle East lessor Dubai Aerospace Enterprise (DAE) is considering reinventing itself as a widebody specialist and may be in the market for more aircraft in 2014.
Kuwait Airways has firmed an order for Airbus 25 aircraft, including 10 A350-900s and 15 A320neo family aircraft as part of the airline's fleet renewal strategy.
On the back of significant sales at the Singapore Airshow, Airbus is investing serious money back into the Asian region with a swathe of support and infrastructure deals valued at some $70-$80 million.
SunExpress, a joint-venture subsidiary of Lufthansa and Turkish Airline, has placed a firm order for 15 Boeing 737 MAX 8s and 25 737-800. The order, valued at more than $3.8 billion at list prices, also includes options for 10 additional MAX 8s.
Budget carrier Norwegian is playing down reports that it might buy into US carriers if its newly-formed Irish arm fails to secure a permit for transatlantic operations.
Australian government comments that it is “looking closely" at the Qantas Airways’ financial position and “actively considering the issue” of a relaxation of ownership controls or debt relief have prompted a public lash back from rival Virgin Australia.
Spirit Airlines plans to continue growing aggressively over the next several years after posting net income of $176.9 million in 2013, up 63.1% over a 2012 net profit of $108.5 million.
Grupo Aeromexico posted an MXP385 million ($28.9 million) unaudited consolidated net profit for the 2013 fourth quarter, down 37.1% from MXP612 million the year before. Full-year consolidated net profit was MXP1 billion, down from MXP1.3 billion.
Kunming, China-based Ruili Airlines has moved one step closer towards launching operations after being granted an operating license by the Civil Aviation Administration of China (CAAC).
Airbus Group has acquired its own banking license. The company invested in the Salzburg Muenchen Bank, which is part of the Austrian Raiffeisenverband based in Germany.
Ethiopian Airlines has launched its latest joint venture carrier, Malawian Airlines, and revealed plans to create a startup carrier in the Democratic Republic of Congo (DRC).
Shareholders at Netherlands-headquartered lessor AerCap have finalized the company’s plans to acquire US leasing giant International Lease Finance (ILFC).
Qatar Airways is to launch an all-business class service from its Doha base to London Heathrow. It says it is the first airline to operate such an aircraft into the London hub.
Association of European Airlines (AEA) chairman and Turkish Airlines CEO Temel Kotil is again asking European politicians to pay more attention to the importance of the airline industry.
The co-pilot of an Ethiopian Airlines Boeing 767-300ER hijacked the aircraft during a scheduled flight Monday, diverting it to Geneva in an apparent bid to seek asylum.
Footnotes: * International only. 1. January - June. 2. January - May. 3. Includes Regional operations. 4. Combined American Eagle, Executive Airlines and American Connection. 5. Combined traffic for SkyWest Airlines and ExpressJet Airlines. 6. YTD 02013 from 4/26/13
