Airlines & Lessors
Jul 18, 2017
The Lufthansa Group increased its profit forecast for 2017 as first-half preliminary figures showed adjusted earnings before interest and taxes (EBIT) more than doubled to €1.04 billion ($1.2 billion) from €529 million in the year-ago period.
Jul 18, 2017
Halifax-based Chorus Aviation Capital (CAC), the leasing arm of Chorus Aviation, will acquire two Embraer E190s with attached leases, the company said June 17, bringing in the first Embraer aircraft to the CAC portfolio.
Jul 17, 2017
Startup South Korean regional carrier Air Pohang has unveiled its first aircraft, and plans to add two more by the end of this year.
Jul 17, 2017
Lufthansa subsidiary Brussels Airlines must continue to reduce its cost base as it faces growing competition from low-cost carriers (LCCs) in its home market, CEO Bernard Gustin told ATW.
Jul 17, 2017
HNA Group’s subsidiary HNA Infrastructure Investment Co. plans to purchase a 21% stake in Brazil’s Rio de Janeiro Aeroportos ( RJA) for CNY108 million ($16 million).
Aug 13, 2021
The proposed network expansion comes just days after the Bogota-based carrier’s board approved the filing of its reorganization plan, a key part of its Chapter 11 restructuring process.
Aug 13, 2021
In its July traffic report, the U.S.-based ULCC said its scheduled service capacity for the month was up 16.4% over pre-COVID-19 pandemic levels.
Aug 12, 2021
Many have attempted to disrupt the transatlantic market with low-fare, long-haul startups. Few have succeeded. JetBlue CEO Robin Hayes has promised to create a “permanent and disruptive effect,” so how might JetBlue be different?
Aug 12, 2021
The latest incarnation of Zambia Airways has been in the works for three years. Zambia’s Industrial Development Corp. holds a 55% stake in the new carrier while Ethiopian Airlines has the remaining 45%.
Aug 12, 2021
Nearly a year of perpetual lockdown and movement control restrictions in the Philippines has further dented Cebu Pacific earnings for the first half (H1) of 2021.
Aug 11, 2021
Africa has emerged as a proving ground for drone delivery, headlined by Zipline’s large-scale on-demand medical delivery networks in Rwanda, Ghana and now Nigeria. Now the continent is turning its attention to urban air mobility.
Aug 11, 2021
JetBlue launches its first route in the lucrative transatlantic market on Aug. 11, becoming the sixth carrier to operate direct services between the U.S. and London.
Aug 11, 2021
Southwest Airlines warned that it does not expect to be profitable in the 2021 third quarter (Q3), as a spike of COVID-19 infections associated with the new delta variant appears to be harming demand for air travel.