Air Lease Corp. (ALC) increased net income 14% to $115.2 million in the second quarter as revenues increased 4.4% to $397.8 million, largely on the strength of a higher net-book fleet value.
Saudi Arabia’s aviation regulator, the General Authority of Civil Aviation (GACA), has selected SITA to support the modernization of the country’s airports, starting a major upgrade of airport and communication technology across 26 sites.
Low-cost, long-haul carrier Norwegian Air Shuttle is operating a single Airbus A380 from Portuguese wet-lease specialist Hi Fly through Aug. 23 on its London Gatwick-New York JFK services to fill in for temporarily out-of-service Boeing 787s as they undergo Rolls-Royce Trent 1000 engine inspections.
Ryanair canceled around 400 flights in Europe, most of them in Germany, as pilots in five countries staged strikes as long-running tensions between the Irish LCC and its workforce come to a head.
Russia’s state-owned Rostec said it will sell 75% minus one share in Technodinamika holding company, the leading developer and manufacturer of components and systems for the MC-21, including the neutral gas, electrical power, oxygen and fire protection systems, as well as landing gear components.
UK-based easyJet plans to further expand its Switzerland operations by adding new services, including up to 3X-weekly Basel-Warsaw (Poland) and 4X-weekly Geneva-Warsaw flights beginning Oct 28.
Singapore Airlines (SIA) has replaced its Airbus A380 on the Zurich-Singapore route with an A380 version fitted with the latest onboard cabin productions and innovations.
Chorus Aviation increased its second-quarter adjusted net income 9%, thanks largely to its growing aircraft leasing business, but unfavorable currency exchange rates helped dragged down the company’s year-over-year (YOY) 2Q net income down 61%.
The Italian government is considering involving national railway company Ferrovie dello Stato and public investment bank Cassa Depositi e Prestiti in plans to keep the bankrupt Alitalia in Italian hands, local media has reported.
The predicted slowdown of the global air freight market became a clear trend in June, as year-over-year (YOY) growth in the total air cargo market slowed to 2.7%, about half the five-year average growth rate (5.1%), according to IATA’s June Air Freight Market Analysis.
As the Canadian ULCC market heats up, Air Canada said it is prepared to leverage the significant flexibility of its rouge subsidiary to ward off competition, from adding flights in major domestic markets to re-configuring aircraft to match rivals’ all-economy offerings.
Chicago-based United Airlines, Colombia’s Avianca and Panamanian flag carrier Copa Airlines may form a three-way joint business agreement, according to statements released by the two Latin American airlines’ holding companies Aug. 8.
Boeing continues to experience 737 production issues as cumulative problems with late and incomplete fuselages, a shortage of skilled mechanics, and the late arrival of CFM engines impact deliveries, which are not expected to recover until year-end, the company said.
A survey by aircraft-connectivity supplier Inmarsat has revealed that 83% of business travelers would rebook with airlines that offer high-quality connectivity and 74% of business travelers now see inflight Wi-Fi as “crucial.”
German airports operator Fraport AG Frankfurt Airport Services Worldwide (Fraport AG) plans to sell its 30% stake in Flughafen Hannover-Langenhagen (FHLG) to iCON Flughafen (iCON), part of the iCON Infrastructure Group.
Stamford, Connecticut-based Aircastle continues to struggle to place more of its Embraer E190-E2-series aircraft slated to begin arriving next year; however, the lessor is confident the Boeing-Embraer tie-up and the aircraft’s recent entry into service will help entice new customers.
Japanese financier ORIX is set to acquire 30% of Irish lessor Avolon from China’s Bohai Capital for $2.2 billion, with completion expected in the fourth quarter of 2018.
The central African nation of Chad will launch its new national airline Oct. 1 after documents setting it up were signed by the nation’s government and Ethiopian Airlines.
The European Union (EU) has asked the World Trade Organization (WTO) to confirm that it is complying with WTO rulings on subsidies to Airbus, in the latest step in a 14-year-old dispute between the US and the EU over alleged subsidies to Airbus and Boeing.
