United Warns Pilots After Four Safety Incidents

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Published: February 26, 2015

United Airlines sent a safety warning to its pilots last month after one flight was in danger of crashing and another landed with lower fuel reserves than regulations require. United cited four recent “safety events and near-misses” in a January 9 bulletin to pilots, including an emergency in which pilots had to perform a pull-up […]

Thai Airways Posts Wider Q4 Loss

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Published: February 26, 2015

Thai Airways posted a bigger fourth-quarter loss as a drop in passenger numbers after months of domestic political unrest hurt the national carrier. The airline posted a net loss of THB6.4 billion baht (USD$ 196 million) for October-December, compared with a net loss of THB5.7 billion in the same period a year earlier. A foreign […]

Qantas Swings To First-Half Profit

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Published: February 26, 2015

Qantas on Thursday reported its best first-half profit in four years as its cost-cutting bore fruit and lower oil prices trimmed fuel expenses. Qantas said underlying profit before tax was AUD$ 367 million (USD$ 289 million). The result reflects a faster-than-anticipated recovery following last year’s AUD$ 2.8 billion net loss. “We are meeting or exceeding […]

US Pension Fund Sues Volaris Over IPO Information

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Published: February 26, 2015

A US pension fund is suing Mexican airline Volaris to recover losses that it said were caused by false statements in the company’s initial public offer documents. The lawsuit, which seeks class-action status, was filed on Tuesday in federal court in New York on behalf of the DeKalb County Employees Retirement System. It said Volaris […]

Emirates Urges US To Ignore Subsidy Claims

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Published: February 26, 2015

Emirates president Tim Clark has hit back at US airlines in an increasingly bitter subsidy spat and urged Washington to block their calls to renegotiate Open Skies agreements. Clark, in an interview with Reuters news agency, also urged the US government to think about the impact on its aerospace industry, which has been boosted in […]

Turkish Airlines Profit Almost Triples

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Published: February 25, 2015

Turkish Airlines posted a 2014 net profit that almost tripled and unveiled plans to invest more than USD$ 3 billion mostly on its fleet. Net profit rose to TRY1.82 billion lira (USD$ 739 million) from TRY683 million the previous year. Sales rose 29 percent to TRY24.1 billion. The airline and its subsidiaries are planning around […]

Southwest Grounds 128 Planes After Missing Checks

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Published: February 25, 2015

Southwest Airlines has pulled 128 aircraft out of service after it discovered they were overdue for a required safety check. The checks that were missed were of the standby hydraulic system that serves as a back up to the planes’ primary systems. “Once identified, Southwest immediately and voluntarily removed the affected aircraft from service, initiated […]

Wizz Air Ups London Listing Size

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Published: February 25, 2015

Wizz Air has increased the amount it hopes to raise from an upcoming listing on the London stock exchange by 40 percent to EUR€420.7 million (USD$ 476.53 million), a person familiar with the matter said. The airline had previously planned to raise a minimum of EUR€300 million but has decided to increase the deal’s size […]

Lenders Take Over Key Property Of Grounded Kingfisher

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Published: February 25, 2015

Grounded Indian carrier Kingfisher Airlines has handed over possession of a property to a group of lenders to which it owes about USD$ 1.5 billion. Kingfisher, once India’s second-biggest airline, stopped flying more than two years ago, leaving its creditors, mostly state-run banks, and suppliers with outstanding debts. The lenders had been trying to take […]

Ireland Demands More Concessions On Aer Lingus Sale

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Published: February 25, 2015

Ireland has presented IAG with a list of new demands it said must be fulfilled before it would consider the sale of its 25 percent stake in Aer Lingus, including one that IAG has explicitly ruled out. The demands appeared to harden a stand-off over the EUR€1.36 billion (USD$ 1.5 billion) offer from British Airways […]

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