Icelandair posted a net profit of $56.4 million for 2013, up from $44.3 million for the previous year and “considerably better” than projected at the start of the year, president and CEO Björgólfur Jóhannsson said.
Flight attendants and pilots from the US and Norway are joining forces in a bid to ensure that Norwegian Air International (NAI), the Irish-based long-haul subsidiary of Norwegian Air Shuttle, does not “bypass international labor laws” when it comes to recruiting crew.
Global passenger traffic grew 5.2% year-over-year in 2013, effectively aligning with the average annual growth rate of the past 30 years, IATA announced in its Air Passenger Market Analysis report.
Honeywell and Inmarsat announced they have finalized the critical design review of GX Aviation, a key milestone in the journey to bring high-speed inflight Wi-Fi to flights around the world.
GE Capital Aviation Services Limited (GECAS) announced a purchase-and-leaseback transaction of four new Boeing 737-800 aircraft with Malaysian Airlines System (MAS).
Singapore Airlines parent SIA Group reported a net profit of SGD50 million ($39 million) for the quarter ended Dec. 31, 2013, down 65% from SGD142.5 million during the same period the previous year.
Europe has implemented a minor relaxation of its liquids, aerosols and gels (LAGs) restrictions, although it only relates to duty-free items bought outside the European Union (EU).
Switzerland-based regional SkyWork Airlines will postpone plans to transfer flight operations to German partner MHS Aviation’s air operator’s certificate (AOC) from Feb.1 until Oct. 31.
With an overall 1.4% increase in market demand year-over-year, global air cargo exhibited a measured but steady improvement in 2013, according to IATA’s year-end air freight market analysis.
FAA administrator Michael Huerta told Congress flight delays are expected to be reduced by 41% by 2020 owing to the US’s ongoing transition to the satellite-based NextGen air traffic control (ATC) system.
The European Commission (EC) has launched in-depth investigations into the financial rescue deals for Cyprus Airways and Estonian Air, to verify whether cash infusions breach European Union (EU) state aid rules.
American Airlines and US Airways, which closed their mega-merger in December and began the first phase of codesharing in January, have expanded codesharing to include nearly 6,500 daily flights to more than 275 destinations for travel starting on Feb. 6.
