The US Supreme Court denied a petition by low-cost carriers asking the court to reject a regulation requiring that taxes be displayed as part of the fare price in advertising.
Air China has reported a 2012 net profit of CNY4.95 billion ($788 million), down 33.8% compared to CNY7.5 billion in 2011, according to a filing released by the Shanghai Stock Exchange.
The Boeing Company’s previously announced plan to consolidate flight training and certain operations from Seattle to the Boeing Flight Services training campus in Miami will affect approximately 38 positions.
Air France-KLM has hit the upper target of its convertible bonds private placement, putting it on track to raise €550 million ($714 million) for fleet and debt financing.
Israeli carrier El Al is to receive more than $190 million in financing from the US Export-Import Bank to help support its Boeing 737-900ER acquisition.
The Civil Aviation Safety Authority (CASA) of Australia suspended regional charter operator Barrier Aviation following a “comprehensive investigation of a wide range of critical safety issues relating to aircraft maintenance.”
Five years ago, Delta Air Lines and Northwest Airlines signaled the start of a new era for the troubled US airline industry, which was then mired in the aftermath of a string of Chapter 11 bankruptcy restructurings and years of huge financial losses. Delta alone incurred a $10 billion net loss in just one 24-month period (2005-2006).
All Nippon Airways (ANA) said it continues to assume the Boeing 787 will be grounded through the end of May, but it has yet not decided how it will handle 787-designated routes from June 1.
Armenian carrier Armavia Airlines filed for bankruptcy and will cease flights April 1. The airline said it failed to cope with the 2008 world economic crisis.
Turkish Airlines is planning to launch nonstop Istanbul-Sydney services next year, becoming the first airline to operate nonstop from Europe to Australia.
