Latvian national airline AirBaltic (BT) will receive €153.7 million ($201.9 million) in new capital financed by its two main shareholders, the Latvian government and Baltic Aviation Systems (BAS), Latvian media reported.
A new row has erupted between the easyJet board and the airline’s founder and largest shareholder after Stelios Haji-Ioannou revealed plans to launch a new airline.
MNG Technic has begun converting three MNG Airlines Airbus A300-600 aircraft to freighter configuration. MNG said it will become the first and only MRO in Turkey capable of passenger-to-freighter conversion. A J Walter Aviation signed a three-year service contract with RAK Airways to provide full power by the hour and MBK lease support for the UAE carrier’s Airbus A320 fleet.
Southwest Airlines (SWA) announced that SWA and AirTran pilots have reached a tentative agreement on seniority. SWA finalized closing of the acquisition of AirTran Holdings May 2.
Singapore-based LCC company Tiger Airways Holdings announced Friday it would buy a 33% stake in Indonesia-based Mandala Airlines, which will be held through Tiger’s wholly owned subsidiary, Roar Aviation.
Shijiazhuang-based Hebei Airlines (NS) has taken over stakeholder Sichuan Airlines’(3U) Embraer fleet, comprising five E-145s, as it explores China’s regional air transport market.
Boeing celebrated the delivery of the first 787 Dreamliner Monday to launch customer All Nippon Airways (ANA) during a ceremony adjacent to the factory where the airplane was assembled.
Air New Zealand (ANZ) lifted its stake in Virgin Australia (VA) from 14.99% to 19.99%, in a move ANZ CEO Rob Fyfe said will continue ANZ’s “strategy to develop scale and reach in this region.”
The European Commission (EC) will permit airlines to take 85% of their emissions allowances free of charge in 2012, dropping to 82% in 2013, it was announced Monday.
Singapore-based LCC company Tiger Airways Holdings announced Friday it would buy a 33% stake in Indonesia-based Mandala Airlines, which will be held through Tiger’s wholly owned subsidiary, Roar Aviation.
Boeing has completed the contractual delivery of the first 787 Dreamliner to launch customer All Nippon Airways. Flyaway of the airplane to Tokyo is scheduled Tuesday morning from Paine Field in Everett, Washington state.
ILFC has agreed to purchase and leaseback five new Boeing 737-800s to Virgin Australia, scheduled to be delivered in 2012 and 2013. A J Walter Aviation has agreed to acquire four Boeing 737-300s from Pembroke Capital Aircraft (Shannon) Ltd. for part out. The aircraft were last operated by Germania.
The Canadian Union of Public Employees (CUPE), representing nearly 7,000 Air Canada flight attendants, lifted its call for the cabin crew to strike last week after reaching a tentative agreement with airline management on a new labor contract.
FedEx Corp. reported a net profit of $464 million for its fiscal first quarter ended Aug. 31, up 22% from net income of $380 million in the prior-year period.
EasyJet on Thursday raised its earnings guidance for its fiscal year ending Sept. 30 and said it now expects to post a profit before tax of between £240 million ($376 million) and £250 million, citing a “robust” commercial performance across its network and cost-control measures.
Morocco's government has offered Royal Air Maroc (RAM) 1.6 billion dirhams ($193.3 million) to shore up its finances hurt by growing competition, lower sales and higher fuel prices, Reuters reported.
IATA’s DG and CEO Tony Tyler has urged Indonesia to implement coordinated policy measures to reap the economic and social benefits of a successful aviation industry and put behind it the record of 33 accidents between 2005 and 2010.
The legal protection plan filed by Latvian national airline airBaltic (BT) Wednesday has been rejected by the court, although it did not provide details.
FedEx Corp. reported a net profit of $464 million for its fiscal first quarter ended Aug. 31, up 22% from net income of $380 million in the prior-year period.
