Airlines & Lessors
Aug 10, 2018
Aerospace company and aircraft lessor Dubai Aerospace Enterprise (DAE) has posted a $224 million pre-tax profit for the 2018 first half, up from $42.5 million for the comparable period, driven by the “smooth and successful integration” of leasing company AWAS.
Aug 10, 2018
Turkish Airlines reported strong 2018 first-half profits Aug. 9, citing increasing demand and unit revenues, despite increasing fuel prices.
Aug 10, 2018
China’s Lucky Air has become the latest HNA Group subsidiary to arrange a capital injection from a Chinese local government.
Aug 10, 2018
Air Lease Corp. (ALC) increased net income 14% to $115.2 million in the second quarter as revenues increased 4.4% to $397.8 million, largely on the strength of a higher net-book fleet value.
Aug 10, 2018
Air Serbia has launched a new ancillary revenue stream, where the airline will organize cakes, champagne and flowers for passenger special occasions.
Jun 15, 2022
For years, the Air Line Pilots Association (ALPA) has argued that the U.S. does not suffer from a pilot shortage, but rather a pay shortage among the regional carriers that serve as farm teams for the major airlines.
Jun 15, 2022
Air China has officially announced that it has commenced the process to take the controlling stake of Shandong Aviation Group, the parent company of Shandong Airlines.
Jun 15, 2022
AirAsia X is preparing to take major steps in its network recovery, as it boosts its route total to seven and signals its intention to add more destinations including London later this year.
Jun 15, 2022
The deal, valued by manufacturer Hybrid Air Vehicles as potentially in excess of $600 million, gives Air Nostrum the option of receiving up to 10 of the 100-seat aircraft.
Jun 14, 2022
Pilots at two of American Airlines’ wholly owned regional subsidiaries have secured massive pay hikes of around 50%, raising the bar for pilot pay amid a national shortage that is weighing heavily on regional carriers.
Jun 14, 2022
South African LCC Mango Airlines is hoping to finalize talks with a buyer later in June, after finally receiving ZAR225 million ($14 million) in additional funding from its existing shareholder, although this is ZAR85 million less than originally planned.
Jun 14, 2022
The French shipping company acquired the stake through the airline group’s recently concluded €2.6 billion ($2.7 billion) capital raise after agreeing a strategic partnership with Air France-KLM in May.
Jun 14, 2022
Virgin Australia is resuming more short-haul international destinations this week, and it is also planning for further expansion of its international network later this year and in March 2023.