IATA projected Tuesday that the world's airlines will earn aggregate net income of $3 billion in 2012, 14.3% below its industry profit forecast for the year issued in December and 38.8% lower than the $4.9 billion profit it predicted for 2012 last September.
Hong Kong’s Executive Council has—in principle at least—endorsed the construction of a third runway at Hong Kong International (HKI), according to the official Hong Kong government website.
News from Travel Technology Update: IATA waded into the controversy over the optimal method of distributing ancillary products, claiming that GDSs “are unable to handle the rapidly increasing range of product offerings from airlines.”
Air Berlin (AB) became a member of the oneworld alliance in a Tuesday joining ceremony at the new Berlin Brandenburg Airport (BER), which will serve as AB’s home base and be Europe’s newest hub when it opens June 3.
China’s opposition to the European Union’s Emission Trading Scheme (EU ETS), has prevented Lufthansa (LH) from obtaining rights to operate an Airbus A380 to Shanghai, LH chairman and CEO Christoph Franz said.
Air Berlin (AB) became a member of the oneworld alliance in a Tuesday joining ceremony at the new Berlin Brandenburg Airport (BER), which will serve as AB’s home base and be Europe’s newest hub when it opens June 3.
IATA projected Tuesday that the world's airlines will earn aggregate net income of $3 billion in 2012, 14.3% below its industry profit forecast for the year issued in December and 38.8% lower than the $4.9 billion profit it predicted for 2012 last September.
Virgin America and Korean Air (KE) have announced an interline agreement for travel on both carriers' networks across North American, Asian and South American routes. From Seoul Inchon, KE passengers will be able to connect at Los Angeles (LAX), San Francisco (SFO), Seattle-Tacoma (SEA) and Las Vegas McCarran (LAS) to several other Virgin America destinations.
Russia’s Ministry of Transport is aiming to liberalize the country's international airline market by establishing a new system for choosing which carriers will operate on international routes.
Kigali-based RwandAir has signed a firm order for two Bombardier CRJ900 NextGen aircraft, plus two options, making it the first CRJ900 operator in eastern Africa.
United Parcel Service (UPS), saying it is focused on creating long-term value for shareholders, reached an agreement Monday with TNT Express to acquire the Amsterdam-based delivery operator for €5.16 billion ($6.8 billion).
United Parcel Service (UPS), saying it is focused on creating long-term value for shareholders, reached an agreement Monday with TNT Express to acquire the Amsterdam-based delivery operator for €5.16 billion ($6.8 billion).
Jet Aviation named Gary Dolski as the new VP and GM of the company’s MRO and fixed based operations (FBO) facility in Singapore, with responsibility for the Hong Kong and Kuala Lumpur facilities. Dolski joins Jet from MD Helicopters, where he served as VP-customer support. Airclaims has named David Louzado as sales director-risk and asset management division. Louzado most recently served as VP-fleet services at Falko Regional Aircraft.
Brazil’s GOL has submitted a route right request to the National Civil Aviation Agency (ANAC) to operate a 5X-weekly São Paulo-Miami, Fla. service, its first US route.
Lufthansa (LH) will take delivery of five Boeing 747-8 Intercontinental aircraft this year as part of its biggest fleet modernization program in its history.
ICAO council president Roberto Kobeh Gonzalez told Reuters last week that the UN body is considering four options to manage carbon dioxide (CO2) emissions produced by aviation.
