South African Airways (SAA) has renegotiated lease re-extensions on three Airbus A340s and is working on similar deals for another five, which are expected to cut R262 million ($22.5 million) in annual costs.
Rolls-Royce’s underlying profits from its civil aerospace business rose 12% to £942 million ($1.4 billion) in 2014, off the back of a 3% boost in underlying revenues.
A taxiing Korean Air Airbus A330 hit a parked Bangkok Airways ATR 72-600 at Yangon International Airport, Myanmar, at the weekend, significantly damaging the parked aircraft’s rudder and trim tabs.
Aer Lingus has named chief strategy and planning officer Stephen Kavanagh as its new CEO, replacing Christoph Mueller who is leaving to take the top spot at Malaysia Airlines.
In a first major step to regulate the use of small unmanned aircraft commercially in US airspace, the US Transportation Department announced Feb. 15 a proposed rulemaking.
Ranked by involuntary denied-boardings per 10,000 passengers, lowest to highest. Source: US DOT Aviation Consumer Protection Division, Air Travel Consumer Report and ATW Research.
Hainan Airlines parent HNA Group’s subsidiary Beibu Gulf Airlines performed its inaugural flight Feb. 13 from Nanning to Haikou as it deepens its cooperation with local governments to further explore the market potential of China’s secondary and tertiary cities.
Copa Holdings—parent company of Panama-based Copa Airlines and Copa Airlines Colombia—posted a 2014 net profit of $371.4 million, a 13.1% drop from Copa’s 2013 net income of $427.5 million.
Korean Air posted a KRW272 billion ($247.5 million) net loss for the fourth quarter and a KRW458 deficit for the full year, widened from a KRW57 billion loss recorded in the year-ago period.
South African Airways (SAA) will present several funding options when its 90-day action plan comes to a close March 24, but the search for an equity partner remains at an early stage.
Lufthansa’s pilot union Vereinigung Cockpit (VC) will not rule out further strikes over transition payments for early retirees, a spokesperson told ATW in Frankfurt on Friday after a two-day strike nears an end for its Germanwings low-cost subsidiary.
All Nippon Airways (ANA) parent ANA Holdings has named senior EVP Shinya Katanozaka as president and CEO, succeeding Shinichiro Ito, who will take over as chairman April 1.
International Consolidated Airlines Group (IAG) has promised to maintain Aer Lingus’ Heathrow-Cork and -Shannon services for a minimum of five years, if it succeeds in acquiring the Irish carrier.
Alaska Airlines is seeking to transfer its authority to fly between Los Angeles and Mexico City to American Airlines, a move that would permit American to start double-daily flights June 4.
Ryanair plans to petition the UK’s Supreme Court following a lower court’s dismissal of its appeal against a directive to sell down its 29.8% stake in Aer Lingus to 5% on competition grounds.
SkyWest Inc., the St. George, Utah-based parent of regional carriers SkyWest Airlines and ExpressJet Airlines, posted a full-year net loss of $24.2 million for 2014, reversing the $59 million net profit the company recorded in 2013.
