Finnair Cancels Flights As Helsinki Workers Strike

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Published: March 16, 2017

March 15, 2017 Finnair has cancelled over 90 flights on Friday as ground service workers at Helsinki’s Vantaa Airport strike in support of a pay dispute with a service company. Friday’s strike, from 15:00 to 19:00 local time, is one of a series of stoppages by members of the IAU Finnish Aviation Union. Helsinki airport […]

Lufthansa, Pilot Union Agree Pay Deal

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Published: March 16, 2017

March 15, 2017 Lufthansa and the VC union have agreed non-binding terms on payments, pensions and employment conditions for pilots at Lufthansa, Lufthansa Cargo and Germanwings. The deal should bring to an end the long-running fight over a new collective bargaining agreement due since 2012. The lack of agreement has resulted in over a dozen […]

Finnair Cancels Flights As Helsinki Workers Strike

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Published: March 16, 2017

March 15, 2017 Finnair has cancelled over 90 flights on Friday as ground service workers at Helsinki’s Vantaa Airport strike in support of a pay dispute with a service company. Friday’s strike, from 15:00 to 19:00 local time, is one of a series of stoppages by members of the IAU Finnish Aviation Union. Helsinki airport […]

Cathay Pacific Swings To First Loss Since 2008

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Published: March 16, 2017

March 15, 2017 Hong Kong’s Cathay Pacific posted its first full-year loss since the global financial crisis as intense competition and increased capacity hit revenue. The SAR flag carrier made a net loss for 2016 of HKD$ 575 million (USD$ 74 million), from a HKD$ 6 billion profit the previous year. Annual revenue was down […]

Startup KAIR Airlines Orders 8 Airbus A320s

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Published: March 15, 2017

March 14, 2017 South Korean low-cost start-up KAIR Airlines has placed an order with Airbus for eight A320ceo aircraft. The order, worth USD$ 792 million at list prices, will be used to launch services to Northeast Asian international destinations. “We see enormous potential for the development of a low cost model linking central South Korea […]

Turkish Air Swings To USD$77 Million Loss For 2016

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Published: March 15, 2017

March 14, 2017 THY Turkish Airlines posted a USD$ 77 million net loss for 2016, as security issues had a negative effect on passenger traffic growth. The loss contrasts with net income of USD$ 1.07 billion in 2015. At an operating level, Turkish lost USD$ 682 million, a swing from the USD$ 682 million profit […]

CDB Aviation Announces USD$3.3 Bln Boeing Order

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Published: March 14, 2017

March 13, 2017 China’s CDB Aviation Lease Finance announced an order for 30 Boeing 737 MAX 8s on Monday, in a deal worth USD$ 3.3 billion at list prices. Ireland based CDB Aviation, a subsidiary of China Development Bank, currently has a portfolio of over 200 aircraft. The announcement puts a name to the previously […]

Berlin Airports Ground Staff Strike Extended

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Published: March 14, 2017

March 13, 2017 Ground services staff at Berlin’s Tegel and Schönefeld airports have extended their strike until Wednesday in an ongoing dispute over pay. Workers walked off the job at 04:00 on Monday and are now due to return on Wednesday at 05:00 local time. Berlin airports warned of severe disruption and that flight restrictions […]

CDB Aviation Announces USD$3.3 Bln Boeing Order

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Published: March 14, 2017

March 13, 2017 China’s CDB Aviation Lease Finance announced an order for 30 Boeing 737 MAX 8s on Monday, in a deal worth USD$ 3.3 billion at list prices. Ireland based CDB Aviation, a subsidiary of China Development Bank, currently has a portfolio of over 200 aircraft. The announcement puts a name to the previously […]

Thousands Of Flights Cancelled In Northeast US

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Published: March 14, 2017

March 13, 2017 Airlines have cancelled thousands of flights as a winter storm bore down on the northeast of the United States, with over a foot (30 cm) of snow forecast. More than 2,000 flights were cancelled Monday, with well over 4,000 to be hit on Tuesday as the northeast braced for a late winter […]

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