Virgin America has earned its first-ever second-quarter net profit, reporting net income of $8.9 million, reversed from a net loss of $31.8 million in the year-ago quarter.
UK regional Flybe reports that group revenue for the fiscal first quarter ended June 30 was up 0.7% to £164.2 million ($252.8 million) from £163 million for the same period last year.
CAE has signed a contract for eight full-flight simulators (FFSs), flight training devices and a 15-year maintenance and service agreement with an undisclosed customer.
Copa Holdings, parent company of Panama-based Copa Airlines and Copa Airlines Colombia, posted a second-quarter net income of $74.4 million, more than doubling a net profit of $32 million in the year-ago quarter.
Canadian charter carrier Air Transat has become the first airline to renew its IATA Operational Safety Audit (IOSA) under the Enhanced IOSA (E-IOSA) audit process.
All flights in and out of Jomo Kenyatta International Airport, Nairobi, were canceled Wednesday morning as firefighters tackled a major blaze in the terminal building.
SkyWest Inc., the parent of St. George, Utah-based SkyWest Airlines and Atlanta-based ExpressJet Airlines, posted a second-quarter net profit of $20.7 million, up 22.2% from a net income of $17 million in the year-ago quarter.
The Commercial Aircraft Corp. of China (COMAC) will reportedly delay the maiden flight of 150-seat trunk liner C919 to 2015 owing to “some technical difficulties,” an industry insider, who asked not to be identified, confirmed to ATW.
Air Canada reported a second-quarter net loss of C$23 million ($22.2 million), narrowed from a C$161 million net deficit in the 2012 June quarter, and touted record operating income.
Ryanair CEO Michael O’Leary believes there is “little doubt” the UK Competition Commission (UKCC) will ultimately order Ryanair to sell its 29.8% stake in Aer Lingus.
By the end of July, Airbus’ backlog reportedly broke industry records, with a total of 5,227 aircraft on order for delivery, according to a company statement.
Moscow will need a fourth airport because the city’s three existing airports will not be able to handle expected high levels of passenger growth through 2030, Russian transportation minister Maxim Sokolov said.
Influential London mayor Boris Johnson has shuffled his preferences for the site of a future London airport. Johnson is a steadfast opponent of expanding London Heathrow and for several years has been promoting a new airport built on an artificial island in the outer Thames Estuary, east of the capital.
Spanish infrastructure company Abertis has agreed to sell its stake in London Luton Airport to a consortium comprising Spain’s airport management and air navigation services provider Aena and AXA Private Equity. The deal is worth €502 million ($666 million) and is subject to approval from competition authorities, Luton Borough Council and the Spanish Board of Ministers. AZ Capital and Citi advised Abertis on the sale process.
London Gatwick Airport has brought in architect Terry Farrell as an advisor as it explores capacity growth options including a second runway. Farrell will provide expert advice on the development of Gatwick, which is forecast to hit its capacity ceiling in 2030. Gatwick claims to be the busiest single-runway airport in the world, handling 34.2 million passengers annually across 180 destinations.
