BLEAK SECOND QUARTER FOR LAN
Chilean flagship carrier LAN Airlines has posted a 73.7% drop in second-quarter net profit to $15.9 million owing to high fuel prices and because ash from the Puyehue-Cordon Caulle volcano chain in so...
Chilean flagship carrier LAN Airlines has posted a 73.7% drop in second-quarter net profit to $15.9 million owing to high fuel prices and because ash from the Puyehue-Cordon Caulle volcano chain in so...
Guggenheim Aviation Partners has closed a 12 year financing of one new B777-200F under an operating lease with TNT on July 22. The debt was provided by CA-CIB, DVB and Nord LB acting as joint arranger...
International Airlines Group, formed by the merger of Iberia and British Airways, has firmed up an order for eight Airbus A330-300s plus eight options. The aircraft, which will replace the ageing A340...
Wells Fargo analysts Sam Pearlstein and Gary Liebowitz have calculated using American Airlines’ regulatory filings, that the US carrier will pay an average of $40 million for its A320neos from Airbus ...
Singapore Airlines and Transaero have reached a codeshare agreement under which SIA’s code will be placed on Transaero flights from Moscow to Ekaterinburg, Novosibirsk, Samara and St. Petersburg. Tran...
Bowing to pressure from foreign competition, Qantas is expected to cut more than 10 major international routes in August. The Australian flag carrier has been unable to compete with Asian competitors,...
Jet Airways is planning to cut one of its low-fare brands— JetLite and JetKonnect — within the next two months. Jet acquired JetLite from the Sahara Group in 2007, then called Air Sahara. But the acqu...
TAM will install OnAir connectivity across its future Airbus A350 fleet as part of a broad agreement to equip its long-haul fleet with the system. The operator has tested OnAir on four aircraft in its...
United Technologies has won a maintenance contract worth up to $350 million to support Japan Airlines’ fleet of Boeing 787 aircraft. Subsidiary Hamilton Sundstrand will provide the maintenance for the...
Hawaiian Airlines will begin flying between Honolulu and Sydney on a daily basis for the whole year in order to meet the sheer demand for the service. Daily flights will begin from December 14. The ai...
Delta Air Lines has indicated it expects to report a profit tomorrow for the quarter after raising fares to cover the rising cost in fuel. American Airlines parent AMR Corp. reported a loss last week,...
The impasse on Capitol Hill over reauthorizing funding for the Federal Aviation Administration (FAA) has forced the agency to close down temporarily with about 4,000 FAA employees — except air traffic...
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