Frankfurt Airport (FRA) has reported a 1.3% rise in passenger traffic during the month of January 2015. Germany's largest aviation hub served more than 4 million passengers thanks to the increase in i...
The European Commission has closed a state aid investigation into Poste Italian’s €75 million investment in Alitalia. The Commission said that: “Evidence gathered by the Commission in the investigatio...
During 2014, FLY Leasing grew its portfolio by 22% to $3.7 billion, purchased 22 aircraft for $952 million and sold eight aircraft (average age 12.6 years) for a net gain of $19 million. FLY reduced i...
Norwegian continues its cooperation with several big tour operators by entering new agreements with TUI, Thomas Cook and Nazar. The agreements mean that Norwegian will fly charter passengers to severa...
Icelandair Group has posted an 18% increase in 2014 net profit to $66.5 million. Revenue rose by 8.8% to $1.11 billion from $1.02 billion in 2013. EBITDA increased by 7% to $154.3 million. Icelandair ...
British Airways has received operational approval from the UK Civil Aviation Authority for use of Boeing’s Electronic Logbook (ELB) on its 787 Dreamliner fleet. Developed in partnership with Ultramain...
In a letter to board members Karl Ulrich Garnadt and Bettina Volkens stated that further cost cutting measures were needed to remain competitive since its cost level is 30-40% higher than its direct c...
Swiss carrier Etihad Regional, previously known as Darwin Airline, has confirmed that restructuring including route cuts, will affect employees. The company declined to comment on the number of jobs t...
TUI Group has reduced its first-quarter loss due to strong performances by its hotels, resorts and cruise businesses. The loss on underlying earnings fell to €120m from €141.1m the prior year quarter....
Willie Walsh, chief executive of International Consolidated Airlines Group (IAG) will appear before Irish lawmakers on Thursday to defend its bid to buy Aer Lingus. The takeover of Aer Lingus has been...
Fly Leasing has received an average broker rating score of 1.80 (Buy) from the five analysts that provide coverage for the company, says Zacks Investment Research. Two investment analysts have rated t...
Polish carrier EuroLOT has blocked all bookings beyond March 31 due to ongoing financial problems. EuroLOT is 62.1% state owned, while Towarzystwo Finansowe Silesa – also state owned – holds the remai...
We're Social