Airberlin has raised €252 million ($351 million) from the issuing of new bonds as part of its recently announced recapitalization program to return to profitability.
China’s Xiamen Airlines is reportedly in negotiations with Hebei Airlines stakeholders to take over the loss-making Shijiazhuang-based carrier, according to a Xiamen Airlines insider.
Penton announces that after an extraordinary 37-year career at Air Transport World (ATW), publisher Bill Freeman will retire following this year’s Farnborough Airshow in July.
Singapore-based low-cost carrier (LCC) Tigerair Group is replacing its CEO Koay Peng Yen with ex-Singapore Airlines executive and Tigerair board member Lee Lik Hsin after continuing heavy losses in Fiscal Year 2014.
Utah-based SkyWest Inc., parent of regional carriers SkyWest Airlines and ExpressJet Airlines, incurred a first-quarter net loss of $22.9 million that it largely blamed on severe winter weather.
Copa Holdings, parent of Panama’s Copa Airlines and Copa Airlines Colombia, posted first-quarter net income of $151.4 million, up 33% from a net income of $113.8 million in the year-ago quarter.
Worldwide passenger traffic grew 3.1% year-over-year in March, down 2.5 points from February’s 5.6% growth, according to IATA’s Air Passenger Market Analysis.
Budget carrier Norwegian Air Shuttle has reported a first-quarter pre-tax loss of NOK813 million ($137 million), widened from a pre-tax loss of NOK160.1 million reported for the same period last year.
US Airways has launched a codeshare with British Airways (BA) after becoming an affiliate member of the Atlantic Joint Business between BA, American Airlines, Iberia and Finnair.
UK-based aerostructures and engine components specialist GKN Aerospace sees gaining more work from Boeing as one of its main priorities, a senior executive said in London Wednesday.
India’s newest low-cost carrier (LCC) AirAsia India has received its air operator’s permit from the Director General of Civil Aviation (DGCA), clearing the way for launch.
Air France has released details of its new first class “La Premiere” suite, a curtained-off private cabin that will debut on its 19 Boeing 777-300s from September.
Airberlin has entered into a contract with Sabre Corp. to provide a full suite of technology software covering passenger reservations, inventory, check-in, e-commerce, data and network management.
Mitsubishi Aircraft Corp. said it has moved the Mitsubishi Regional Jet (MRJ) static strength test aircraft from the final assembly line in Nagoya to a test station.
Worldwide passenger traffic grew 3.1% year-over-year in March, down 2.5 points from February’s 5.6% growth, according to IATA’s Air Passenger Market Analysis.
U.S. Gulf Coast Kerosene-Type Jet Fuel Spot Price, showing the current week and comparisons to the same week for each year of the past decade. Figures are released every two weeks by the U.S. Energy Information Administration.
