IATA said the world's airlines performed "quite well" in the 2011 third quarter, with a sample of 61 carriers reporting a combined $5 billion net profit for the three-month period.
Japan Airlines (JL), which exited bankruptcy last year, is planning an initial public offering (IPO) that may raise as much as ¥1 trillion ($13 billion) as early as September, sources have told Bloomberg.
Trouble continued to mount for India's Kingfisher Airlines (IT) as both its largest creditor and the country's top aviation official publicly criticized the carrier.
The European Commission is standing firm despite China’s latest reactions to the inclusion of aviation in the European Union’s Emissions Trading Scheme (EU ETS) as of Jan. 1, and said that airlines must comply with EU law.
Boeing delivered 477 commercial aircraft in 2011 and ended the year with 805 net orders and a backlog of 3,771 unfilled commercial orders, the manufacturer said.
The European Commission is standing firm despite China’s latest reactions to the inclusion of aviation in the European Union’s Emissions Trading Scheme (EU ETS) as of Jan. 1, and said that airlines must comply with EU law.
In a significant ramp up in the rhetoric over Europe’s controversial Emissions Trading Scheme (EU ETS) for aviation, the China Air Transport Assn. (CATA) said it will not pay ETS fees.
CAE has received regulatory approval from the Civil Aviation Authority Czech Republic for its Boeing 737-800 full-flight simulator (FFS). The FFS is now qualified to JAA/EASA Level D JAR-STD 1A standards, the industry’s highest benchmark, and is ready for pilot training.
Air France (AF) has completed the installation of its premium economy cabin on six Airbus A380s, extending the new intermediate class on almost all of its long-haul fleet and network covering 67 destinations.
NAV Canada, the air traffic services provider, said an arbitration decision has awarded about 400 of its engineering, computer service, science and purchasing employees with a 2.75% annual wage increase beginning with a retroactive raise dated to May 1, 2011. The arbitration ruling brings to a conclusion NAV Canada's labor negotiations with the Professional Institute of the Public Service of Canada (PIPSC) union representing the 400 workers.
India's Kingfisher Airlines (IT) is contemplating a significant cost-reduction program, according to reports in Indian media. The privately owned airline did not confirm the reports, which claim the carrier is considering a plan that would include 2,000 job cuts and a hiring freeze. Increased work hours for employees is also reportedly under consideration. According to the Press Trust of India, IT has around 7,300 employees, already about 300 fewer than in March 2010.
Qantas (QF) has confirmed to ATW that about 150 of its 2,000 pilots have taken unpaid leave after it reduced services to cut losses on unprofitable international operations.
Boeing will close the Wichita, Kan., facility where it converts commercial airliner frames into military aircraft by the end of next year, the company announced Wednesday.
Lufthansa (LH) will hire 200 flight attendants as temporary workers and has told passengers to brace for higher ticket prices as it searches for ways to cut costs and stem the effects of the European Union’s Emissions Trading Scheme (EU ETS), which took effect Jan. 1.
Boeing will close the Wichita, Kan., facility where it converts commercial airliner frames into military aircraft by the end of next year, the company announced Wednesday.
Southwest Airlines (SWA) said it will deploy the Flightcom US and Canada reached accord on a plan to ease border restrictions Singapore Changi Airport handled 3.89 million passengers SkyTeam opened a new co-located check-in area Boingo Wireless announced it has reached agreements ARINC was awarded a contract to upgrade
Amsterdam Airport Schiphol (AMS) recaptured its ranking as Europe's fourth-largest airport in terms of passenger volume last year, following a strong 10.2% increase in throughput. Based on provisional figures released by AMS, the hub served 49.8 million passengers in 2011 compared to 45.2 million in 2010. Cargo traffic remained virtually unchanged at 1.5 million tonnes. The number of air transport movements rose 8.8% to 420,245.
The Civil Aviation Authority of Nepal signed a seven-year agreement with SITA to put its AirportConnect Open into operation at Tribhuvan International Airport (KTM) in Kathmandu. The common-use platform will be implemented initially at 24 check-in counters, later expanding to 36. Passengers currently using the airport are faced with long queues due to the lack of airline common-use facilities at the airport.
Airport Authority Hong Kong has recommended the building of a third runway at Hong Kong International (HKI) after results of a public consultation on its long-term growth plan released in December showed large support for the expansion. The HKI Master Plan 2030 consultation, conducted by the University of Hong Kong, showed that 73% of respondents support the building of a third runway, while over 80% of respondents agree that HKI should continue to expand.
UK airports operator BAA's financial advisers on the sale of Edinburgh Airport (EDI) are expected to send out information memoranda to parties interested in bidding for the asset in mid-to-late January, Dow Jones Newswires reported.
