Airlines & Lessors
Feb 07, 2018
Fort Lauderdale-based ultra-LCC Spirit Airlines reported a $420.6 million net profit for 2017, a 58.8% increase over a $264.9 million net income in 2016. Spirit cited a one-time, non-cash $199.3 million tax credit courtesy of the late 2017 US tax reform legislation, as part of the reason for the increase.
Feb 06, 2018
Swoop, the standalone ultra-LCC subsidiary of Canada’s WestJet scheduled to launch in June, could eventually have a fleet of as many as 40 aircraft, WestJet CEO Gregg Saretsky said.
Feb 06, 2018
TUI Group has no immediate plans to sell French leisure airline Corsair International, TUI Group CEO Fritz Joussen told ATW recently in Brussels.
Feb 06, 2018
African Star Alliance member Ethiopian Airlines and its regional airline equity partner, Togo-based ASKY Airlines, have formed a strategic partnership with the Guinean government to establish startup carrier Guinea Airlines by June.
Feb 05, 2018
Russia’s federal air transport agency Rosaviatsia has placed a limit on leisure carrier Azur Air’s air operator’s certificate (AOC) through March 20, according to a Feb. 2 statement by the agency.
Jan 25, 2022
Airbus is re-entering the outsized cargo market with a fleet of five BelugaSTs and is setting up a cargo airline for the operation in 2023.
Jan 25, 2022
“I would hate to think that one [manufacturer] is taking advantage of its current market strength” in the way it is dealing with customers, Walsh said during a Jan. 25 briefing.
Jan 25, 2022
The board of Scandinavian regional airline Air Leap applied for a corporate reorganization, forcing the suspension of all operations from Jan. 24.
Jan 25, 2022
United Airlines has revised down its flying program for 2022, now conceding its full-year capacity will be below 2019 levels because of the omicron coronavirus variant.
Jan 25, 2022
The deal is the latest of three significant aircraft acquisitions by Florida-based lessor Azorra, which specializes in executive, regional, crossover and small narrowbody aircraft.
Jan 24, 2022
For several years before its eventual demise in late 2021, rumor had it that Lufthansa Group was about to buy Alitalia.
Jan 24, 2022
Ethiopian Airlines has confirmed that its Boeing 737 MAXs will return to the skies in the coming days, nearly three years after the carrier’s fatal accident involving the type.
Jan 24, 2022
Canadian upstart Jetlines is moving closer to its anticipated launch after receiving conditional approval for its pilot training program from Transport Canada.