VietJet Posts USD$16.8 million Q1 Profit

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Published: April 25, 2017

April 24, 2017 Low cost Vietnamese carrier VietJet Air posted a first quarter net profit of VND381.65 billion (USD$ 16.8 million) on higher revenue. First quarter revenue came in at VND5.1 billion, up 43.2 percent compared to 2016, as international revenue rose sharply. Costs ex fuel dropped 4.1 percent, but fuel costs jumped 46 percent […]

Dubai Aerospace To Buy Lessor AWAS

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Published: April 25, 2017

April 24, 2017 Aircraft lessor Dubai Aerospace will buy Dublin-based competitor AWAS in a deal that will more than triple the size of the UAE company. Dubai Aerospace Enterprise (DAE) said it will acquire the AWAS group of companies from private equity investors Terra Firma Capital Partners and the Canadian Pension Plan Investment Board. Terms […]

Norwegian Adds Singapore Flight As Competition Increases

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Published: April 21, 2017

April 20, 2017 Low cost carrier Norwegian will launch a new route from London’s Gatwick Airport to Singapore in September, as it ramps up competition on flights from the UK. Norwegian said it will operate four weekly flights to Singapore’s Changi Airport from September 28 using a Boeing 787 aircraft. The route will be operated […]

Hawaiian’s First Quarter Net Profit Dips

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Published: April 21, 2017

April 20, 2017 Hawaiian Airlines released its first quarter financial results on Thursday showing net income down 28 percent as fuel and staff costs increased. Operating revenue for the quarter to March 31 rose 11.4 percent to USD$ 614.2 million, but costs jumped 20.4 percent to $ 546.9 million. Fuel costs were up almost 50 […]

Airbus Delivers First A321neo To Virgin America

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Published: April 21, 2017

April 20, 2017 Airbus delivered the first A321neo to Virgin America on Thursday at a handover ceremony in Hamburg. The A321neo is the largest member of the A320neo family of single aisle aircraft, seating up to 240 passengers in a single class layout. Virgin America will operate it in a 185 seat configuration. The Virgin […]

WestJet To Launch Ultra-Low-Cost Carrier

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Published: April 21, 2017

April 20, 2017 Canada’s WestJet said it will launch an ‘ultra-low-cost carrier’ later this year, subject to regulatory approvals. The airline said the as yet unnamed carrier is expected to launch in late 2017 with an initial fleet of 10 high-density Boeing 737-800s. “We have built WestJet from its low-cost, regional roots,” the airline’s chairman […]

Aegean Grows Passenger Traffic In Q1

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Published: April 20, 2017

April 19, 2017 Greece’s Aegean Airlines reported a rise in first quarter traffic as international flights saw a 17 percent rise in passenger numbers. Overall passenger traffic in RPK (revenue passenger km) terms was up 16 percent, with load factor rising 7.5 percentage points to 76.8 percent. The number of passengers carried during the seasonally […]

Lufthansa, United Establish Cargo JV

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Published: April 20, 2017

April 19, 2017 Lufthansa Cargo and United Airlines have signed a joint venture agreement to cooperate on cargo routes between Europe and the United States. The airlines said the JV will provide greater flexibility with new route combinations and more than 600 direct connections each week between the US and Europe. The carriers will align […]

Emirates To Reduce US Flight Frequencies

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Published: April 20, 2017

April 19, 2017 Emirates will reduce flight frequencies to several US destinations as demand drops following travel restrictions introduced by the Trump government. Five routes out of a total of 12 that Emirates operates to the US will be affected, with Dubai flights to Boston, Fort Lauderdale, Los Angeles, Orlando and Seattle seeing a reduction […]

Abuja Airport Reopens After Runway Repairs

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Published: April 19, 2017

April 18, 2017 Nigeria’s Abuja Airport reopened on Tuesday as six weeks of runway repairs were completed and operations resumed with an Ethiopian Airlines flight. Nnamdi Azikiwe airport in Nigeria’s capital has been closed since March 8, but reopened a day early as the runway reconstruction was completed ahead of schedule, the government said. During […]

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