Ireland-based ASL Aviation Holdings has reorganized its Swiss operating unit ASL Airlines Switzerland and handed back the latter’s air operator’s certificate (AOC) to Swiss regulatory authorities.
Worldwide passenger traffic grew 7.6% in 2017, outpacing the 10-year average annual growth rate of 5.5%, as passengers responded to an overall improvement in the global economy and lower airfares, according to IATA’s Air Passenger Market Analysis for December 2017.
Sweden has become the latest country to regulate the use of unmanned aerial vehicles (UAVs), or drones, covering both private and commercial operators.
Russia’s largest carrier Aeroflot has firmed up an order for 50 MC-21-300 narrowbody airliners, which will be leased through Avia Capital Services, a leasing arm of government-owned Rostec Corp.
CRJ Series regional jets have transformed the airline industry over the past 25 years, and promise to keep making aviation better and more accessible to more communities around the world over the next 25 years and beyond.
Las Vegas-based Allegiant Travel Co., parent of LCC Allegiant Air, reported $194.9 million net income for 2017, an 11.2% drop from its $219.6 million net profit in 2016.
Central and Eastern European LCC Wizz Air reported a third-quarter net profit of €14 million ($16.8 million), down 57% on the year-ago period, despite strong ticket and ancillary revenues as well as passenger growth.
Strong demand for manufacturing exports stoked the air freight sector to its best performance in seven years, as global cargo traffic grew 9% year-over-year (YOY) in 2017, according to IATA’s December Air Freight Market Analysis, released Jan. 31.
Paris’s public prosecutor’s office has launched an investigation into the Air France A380 engine failure on Sept. 30, 2017, a judicial source told ATW’s sister publication Aviation Daily.
Scandinavian leisure carrier Primera Air is launching a new route from London Stansted to Washington Dulles from August as it taps into growing demand for low-cost transatlantic flights, the latest business strategy many European airlines are adopting to chase profits in a competitive market.
Japan’s ANA Holdings—the parent company of All Nippon Airways, Peach Aviation and Vanilla Air—expects profits at its two low-cost affiliates to grow fastest until 2022 as the carriers continue to expand.
Ryanair said it has signed a formal union recognition agreement with the British Airline Pilots Association (BALPA) making it the sole representative body for Ryanair-employed pilots in the UK, where 25% of its pilots and fleet are based.
2017 financial results for airlines worldwide, highlighting operating revenues, operating expenses, operating profits/losses and net income/losses for each airline's 2017 fiscal year fourth quarter or equivalent, generally covering October-December 2017.
Spanish LCC Volotea recorded a 42% jump in passenger numbers in 2017, reaching 4.8 million, up from 3.4 million in 2016, beating the Barcelona-based airline’s predictions.
Nearly three years of contentious negotiations between ultra-LCC Spirit Airlines and its pilots may be nearing an end as the carrier’s flight deck crew prepares to vote on a tentative agreement (TA) for a new, five-year labor contract.
Boeing remains in “active” and “productive” discussions with Embraer and the Brazilian government over a potential alignment of the two aircraft manufacturers, the chief executive of Boeing said Jan. 31.
