Hit by carbon tax of A$24.4million, Virgin Australia’s net profit dropped by 56% to A$23 million ($23.5 million) during the first-half FY2012/13 ending Dec. 31, 2012. Profit before tax was down 36.5% ...
David Andrews has resigned from investment firm Pimco to start his own venture. Timelines are yet to be agreed but industry friends have been quick to wish him well. Greg Lee of Goldman Sachs says: “D...
The International Air Transport Association (IATA) has warned Kingfisher Airlines that its membership will be terminated if the airline fails to resume operations. Kingfisher’s IATA Operational Safet...
The Russian Ministry of Transport has prepared amendments for its air code that will allow Russian airlines to hire foreign pilots. Russian carriers will be able to hire up to 200 foreign captains and...
Summer 2013 will see talks begin between the EU and the United States on producing a free-trade agreement that would give birth to the largest free trade zone on the planet, significant enough to add ...
The agreement includes technical fleet management services, component repair, and availability via dedicated logistics support, access to AFI KLM E&M's dedicated regional A330 spares pool, and the sup...
Pakistan International Airlines has launched a tender for the sale of 29 engines – 17 General Electric CF6-50C2/E2 engines, 11 Rolls-Royce Dart 532-7E engines and one CF6-50C2 serviceable zero time ou...
Four Sukhoi Superjet 100s owned by Aeroflot that were temporarily grounded due to technical reasons, will resume operations before the end of February. Sukhoi Civil Aircraft Company (SCAC) has confirm...
One could argue that the title of this editorial says it all, after all both meddle with your wellbeing. In all seriousness though, I am left wondering – Just how are decisions made at the European Co...
ST Aerospace has completed its investment of 35% equity interest in Elbe Flugzeugwerke GmbH (EADS EFW). The investment was completed following the receipt of regulatory approvals and fulfilment of cus...
Kingfisher Airlines reported a third-quarter net loss of Rs 755.17 crore – 70% more than the Rs 444.26 crore posted in the year-ago quarter. The grounded airline did not report any revenue for the qu...
AirAsia Group has announced that it carried 33.826 million passengers in 2012 – a rise of 13% from the 29.859 million carried during the previous year. The number of seats flown rose 13% also to 42.42...
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