In the first nine months of 21012, Turkish Airlines increased its sales revenue by 30% to 11.2 Billion TRY and recorded 1.08 Billion TRY operating profit. Net Profit increased by 655% compared to pre...
During the 12 months to 30 September 2012, easyJet earned £317 million in profits before tax – a rise of 27.9% over last year. The low-cost airline’s pre-tax profit margins grew by 1 percentage point ...
In a new restructuring plan for Iberia presented by Willie Walsh, chief executive of International Airlines Group, the Spanish airline is to shed 4,500 jobs. Walsh said that “there have been far too m...
In a bid to offset the onward march of the Gulf carriers, Lufthansa and Turkish Airlines are discussing ways to cooperate more closely. The two airlines may expand existing code-share agreements or br...
Indian Finance Minister P Chidambaram has suggested that the government may be open to tweaking FDI norms in the aviation sector to attract investment. He said: “What is there to tweak, we have allowe...
The Australian Transport Safety Bureau (ATSB) has determined that pilots on a Tiger Airways aircraft used incorrect altitude information and the airline had an inconsistent safety management system, w...
The UB Group, the promoter of Kingfisher Airlines, will infuse fresh funds into its grounded carrier from its own coffers and through a strategic international investor, according to press reports cit...
Air New Zealand has bought 49.1 million Virgin Australia shares to retain its ownership stake at 19.99%. The move was prompted by Singapore Airlines joining the shareholder register to buy a 10% stake...
Aerolineas Argentinas is considering both the A350-900 or the 787-9 for a replacement to its A340-A330 fleet. Guillermo Rudaeff, vice-president of business development and alliances at Aerolineas, con...
AJW Technique is ramping up restart programme at Montréal facility even though it is just two months since A J Walter Aviation completed its purchase of the component business of Aveos Fleet Performan...
Synergy Group Corp., the conglomerate that owns AviancaTaca and headed by German Efromovich, is reported to be preparing a final binding offer for Portuguese airline TAP before the December 7 deadline...
For reasons beyond its control, Bahrain Air has been forced to reduce or cancel flights to 11 cities. Routes to Dammam and Dhaka have been withdrawn and flights to Amman, Beirut, Doha, Dubai, Jeddah, ...
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