Air Transport World

Republic Airways Holdings (RAH) posted a 2012 net profit of $34.9 million, reversed from a net loss of $90.6 million in 2011.

Vueling reported annual net income of €28.3 million ($37.4 million), more than doubled from a €10.38 million profit in the year-ago period.

Air France and KLM have agreed to pay BRL14 million ($7 million) to Brazil’s CADE as a settlement for alleged cargo cartel activity.

Aeronautical Engineers Inc. (AEI) launched a passenger-to-freighter conversion program for Bombardier CRJ100 and CRJ200 regional jets.

US Airways flight attendants have ratified a new contract that provides immediate pay increases and includes support for the American Airlines merger.

Virgin Australia reported first-half FY2012/13 net profit was A$23 million ($23.5 million), down 56% from A$51.8 million year-over-year.

There was one hull loss for every 5 million flights of Western-built jet aircraft in 2012, the lowest accident rate for a single year ever, IATA reported.

British Airways and Iberia parent International Airlines Group (IAG) reported a full-year net loss of €885 million ($1.2 billion).

Air Lease Corp. (ALC) has ordered 10 Boeing 777-300ERs aircraft in an order valued at $3.2 billion at list prices.

European lawmakers are finalizing legislation supporting the decision to suspend the European Union Emissions Trading Scheme ahead of an April carbon

ICAO’s climate change working group will meet again in March to assess the three remaining options for a global emissions trading scheme and to tackle

Lufthansa Technik has joined Airbus and the Fraunhofer Institute for Manufacturing Technology and Advanced Materials (IFAM) on a two-year research project that is testing the viability of coatings that could make aircraft more efficient. A new varnish, developed by IFAM in Bremen, attempts to mimic the skin of fast-swimming sharks.

Abdul Teffaha, who heads the Arab Air Carriers Organization (AACO), has written off the European Union’s Emissions Trading Scheme (EU ETS), labelling

FL Technics has purchased four Bombardier CRJ100/200 and six Boeing 737-300/400/500 landing gear sets to be dismantled for parts and components. The components and parts of main and nose landing gear will supplement its aircraft spare parts stockpiles in warehouses in Europe, the Russia’s Commonwealth of Independent States and Asia.

Air Berlin has launched a new convertible bond of approximately €120 million ($156.8 million) with a maturity of six years.

UK regional carrier Flybe is in talks with the Estonian government over airline operations in the Baltic nation.

Etihad Airways has purchased India’s Jet Airways’ three pairs of slots at London Heathrow airport for $70 million.

Bahraini flag-carrier Gulf Air said it is seeing the first results of its major restructuring program to restore profitability.

TAP Portugal reported annual net income of €15.9 million ($21 million), more than quadrupled from a €3.1 million profit year-over-year.

Airbus parent EADS reported a 2012 net profit of €1.22 billion ($1.59 billion), up 19% from 2011’s €1.03 billion.

The European Court of Justice has ruled that passengers on connecting flights must be compensated if they arrive at least three hours late.

US National Air Traffic Controllers Association (NATCA) president Paul Rinaldi warned Wednesday that FAA budget uncertainty was not good for the long-term safety of America’s national airspace system.

House of Representatives Republicans are questioning FAA’s assertion that impending across-the-board budget cuts will cause air transport service disruptions.

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The chairman of the Business Travel Coalition widened his opposition to the American-US Airways merger to include a broad attack on IATA’s New Distribution Capability, calling it “brazen,” “shocking” and “toxic.”