Aeroflot To Buy 75 Percent Of Transaero

By
Published: September 1, 2015

September 1, 2015 Aeroflot said it will acquire a 75 percent stake in struggling competitor Transaero, to create one of the world’s largest air transport companies. The transaction, which underlines the Kremlin’s determination to support ailing industries, throws a lifeline to the struggling private airline, whose net debt totalled RUB106 billion roubles (USD$ 1.63 billion) […]

Delta Equity Stake Opens China Code-Share Door

By
Published: September 1, 2015

September 1, 2015 China Eastern Airlines’ Chairman Liu Shaoyong said the carrier’s equity deal with Delta Air Lines will give the US airline an opportunity to extend code-sharing in China’s domestic network. The executive was speaking on the sidelines of a news conference in Shanghai. In July, Delta agreed to buy 3.55 percent of China […]

Allianz, Borealis Eye London City Airport – Report

By
Published: August 31, 2015

August 30, 2015 German insurer Allianz has joined Borealis Infrastructure, which manages investments for Canada’s Ontario Municipal Employees Retirement Systems, to explore a bid for London City Airport, according to a person familiar with the process. “Allianz is looking at a bid for the City Airport, and they know Borealis very well from other bids […]

Fedex Pilot Union’s Council Supports New Contract

By
Published: August 29, 2015

August 28, 2015 The FedEx pilot union’s executive council has voted in support of a tentative contract that seeks better employment terms including higher hourly pay rates and retirement plan enhancement, the Air Line Pilots Association said. The FedEx master executive council (MEC) voted to approve the collective bargaining agreement reached on August 19 with […]

United To Change Scheduling To Reduce Delays

By
Published: August 29, 2015

August 28, 2015 United Airlines will change the way it schedules flights and use new technology to tackle the delays and cancellations that have hurt its competitiveness. The new initiatives aim to narrow the gap in performance between United and Delta Air Lines, which has the best on-time record of US airlines. They reflect a […]

Boeing Expects First 777-9 In 2017

By
Published: August 28, 2015

August 27, 2015 Boeing said that the 777-9 had reached “firm configuration”, meaning the plane’s basic design and capabilities have been determined, setting the stage for design of specific parts and systems. Boeing expects to build the first 777-9 in 2017. Output of the current 777 will not slow during the transition, the company has […]

Air China H1 Net Profit Surges

By
Published: August 28, 2015

August 27, 2015 Air China reported a surge in first-half earnings on lower oil prices and robust outbound demand for leisure travel. In January-June, Air China’s net profit came to CNY3.9 billion yuan (USD$ 609 million), from CNY474 million yuan a year earlier. Fuel, which accounts for about 30 percent of its operating cost, fell […]

Final MH17 Crash Report Due In October

By
Published: August 28, 2015

August 27, 2015 The final report into the downing of Malaysia Airlines flight MH17 over eastern Ukraine last year will be published on October 13, the Dutch Safety Board said. The report is keenly awaited by governments and relatives of victims because it could shed light on who was responsible for the crash last July, […]

PAL Considering Boeing, Airbus Orders

By
Published: August 27, 2015

August 27, 2015 Airbus and Boeing are competing for contracts to supply Philippine Airlines with eight wide-body, twin-engine aircraft, PAL’s president said. The acquisition or lease of Boeing 787 Dreamliner or Airbus A350 XWB aircraft is a result of a strategic review after Philippines’ fourth richest man Lucio Tan took over the carrier last year. […]

Europe Looking At Drones Safety Threat

By
Published: August 27, 2015

August 27, 2015 No-drone zones, software to block flights into sensitive areas and registration rules are among proposals from European regulators and aviation experts to ensure growing numbers of drones don’t case dangerous run-ins with passenger aircraft. The use of civil drones, whether for commercial purposes such as crop surveillance, monitoring of natural disasters, photography […]

Next Page »