AirAsia reports $222 million 1Q net profit

By
Published: June 1, 2016

Malaysian low-cost carrier AirAsia Berhad (AirAsia) posted MYR877 million ($ 222.3 million) in 1Q 2016 net income, a nearly six-fold increase year-over-year. AirAsia Berhad CEO Aireen Omar said the results were due to a positive momentum driven by low fares and a resulting sustained increase in the number of passengers. Revenue rose 31% year-over-year (YOY) to […]

China’s HNA Group to buy 13% stake in Virgin Australia

By
Published: June 1, 2016

China’s HNA Group is expected to make an investment of A$ 159 million ($ 114 million) to buy a 13% stake in Virgin Australia for A$ 0.3 per share in an effort to enhance its position in the fast growing Sino-Australia market. HNA Group would nominate a director to the Virgin Australia Group board after […]

Airbus’ Leahy: Boeing ‘Mad MAX’ concept of no concern

By
Published: June 1, 2016

Airbus COO, customers, John Leahy is not concerned about considerations that Boeing reportedly is giving to stretch the 737 MAX further using higher-thrust CFM International LEAP-1A engines that have been developed for the Airbus A320neo. “They will try to get close to a ‘me-too’ aircraft, but are not quite get there,” Leahy told media May […]

Second MRJ joins flight test program

By
Published: June 1, 2016

Mitsubishi Aircraft Corp.’s second MRJ flight test aircraft (FTA-2) has completed its first flight from Nagoya Airport in Japan. The aircraft, an MRJ90, is the second of five aircraft slated to join the MRJ flight test program. Mitsubishi Aircraft president Hiromichi Morimoto said in a statement that FTA-2 “had a quiet, smooth first flight.” The […]

A320neo with CFM LEAP-1A engines receives EASA /FAA certification

By
Published: June 1, 2016

The Airbus A320neo powered by CFM International CFM LEAP-1A engines has received joint EASA/FAA certification, Airbus president & CEO Fabrice Brégier announced May 31. Briefing media in Hamburg at the company’s annual Innovation Days event, Brégier said the on-schedule type certification was a key milestone in the neo program. This certification occurred six months after […]

Thai AirAsia X to open new Muscat route

By
Published: May 31, 2016

Thailand-based long-haul low-cost carrier (LCC) Thai AirAsia X is to start new services to Muscat, Oman, from its base at Don Mueang International Airport, Bangkok. The service will offer a 3X-weekly schedule using Airbus A330 aircraft and will start late June 2016. Thai AirAsia X (Thai AAX) claims it is the first LCC to launch […]

Kuwait signs up for new terminal

By
Published: May 31, 2016

Subscribe to Access this Entire Article “Kuwait signs up for new terminal” is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via […]

Startup POP plans UK-India flights

By
Published: May 31, 2016

UK startup People Over Profit (POP) is seeking £5 million ($ 7.3 million) in funding to launch long-haul, low-cost flights to India, using a chartered Airbus A330-300. London Stansted-based POP is looking to start flying 3X-weekly flights to the Indian secondary city of Amritsar in the fourth quarter. It will operate the flights using an […]

Airline Routes-May 31, 2016

By
Published: May 31, 2016

EasyJet offers 3X-weekly Berlin SXF-Toulouse Airbus A319-100 service. ANA begins Tokyo HND-New York JFK and Chicago ORD service in winter 2016, bringing its total Haneda-North America services to five. In February 2017, ANA begins daily Tokyo NRT-Mexico City Boeing 787-8 service. Blue Air began 3X-weekly Berlin TXL-Turin Boeing 737 service. Mexican LCC Volaris begins 3X-weekly […]

Cathay newest A350 operator as Airbus works XWB ramp-up

By
Published: May 30, 2016

Cathay Pacific Airways has taken delivery of its first Airbus A350 XWB, becoming the sixth airline to place the new widebody in its fleet. The aircraft was delivered to the Hong Kong-based airline May 28 and will begin service June 1. The aircraft, the first of 22 -900 variants Cathay has on order, initially will […]

Next Page »