Airlines & Lessors
Feb 20, 2019
Hong Kong’s Cathay Pacific Airways anticipates a HK$2.3 billion ($293.7 million) net profit for 2018, reversing a HK$1.3 billion loss in the previous year, according to preliminary results.
Feb 20, 2019
The Air France-KLM Group reported a 2018 net profit of €409 million ($468 million), more than doubled from €163 million for 2017, on a 2.5% year-over-year (YOY) increase in revenue to €26.5 billion.
Feb 20, 2019
South Korean LCC Aero K aims to launch operations later this year if it wins approval during the government’s upcoming selection process for startup airlines.
Feb 20, 2019
Lingering booking sluggishness linked to the partial US government shutdown means Southwest Airlines will miss out on an estimated $50-$60 million in first-quarter revenue, much higher than previously estimated, the Dallas-based carrier said Feb. 20.
Oct 12, 2022
It has been frequently observed by airline industry executives and analysts that an ongoing commercial pilot shortage will lead to a smaller future regional airline business and loss of service to small communities across the U.S.
Oct 12, 2022
The deal, which includes six options, gives Cargolux direct replacements for all 15 747-400Fs in its fleet.
Oct 12, 2022
The Indian LCC is making its first foray into widebody aircraft, with the carrier reportedly planning to wet-lease three Boeing 777s for international routes.
Oct 12, 2022
The agreement allows the Canadian airline’s passengers more destination options in Colombia.
Oct 11, 2022
Raytheon Technologies has made a minority investment in Swiss electric propulsion startup H55, a technology spinoff from the Solar Impulse solar-powered, around-the-world aircraft project.
Oct 11, 2022
Pilots at Southwest Airlines have thrown their support behind Boeing’s effort to obtain more time to certify the 737-7 and 737-10 without adding modern crew-alerting capabilities, ahead of a crucial end-of-year deadline that could jeopardize the future of the smallest and largest members of the 737 MAX family.
Oct 11, 2022
Wizz Air is considering additional Air Operator’s Certificates (AOCs) to manage its operational airline units.
Oct 11, 2022
U.S. regional air travel provider Surf Air Mobility has agreed to the main terms of a $450 million deal with leading turboprop lessor Jetstream Aviation Capital to fund the growth and electrification of its aircraft fleet.