Airlines & Lessors
Sep 07, 2016
China Eastern Airlines reported a 2016 first-half net profit of CNY3.23 billion ($486 billion), down 9.3% compared to net income of CNY3.56 billion in the same period last year.
Sep 06, 2016
Airberlin group has promoted Dimitri Courtelis to the position of CFO, succeeding Arnd Schwierholz who has resigned to pursue challenges outside the aviation industry.
Sep 06, 2016
Indianapolis-based Republic Airways Holdings, the parent company of regional carriers Republic Airlines and Shuttle America, announced Sept. 2 an agreement had been reached with Dallas/Fort Worth-based American Airlines “[securing] a long-term relationship between the two airlines.”
Sep 06, 2016
Delta Air Lines lost about $100 million in revenue because of the August system crash that led to 2,300 canceled flights over three days.
Jan 21, 2021
Over a year since the first COVID-19 cases were reported, airlines devastated by the pandemic are starting to see light at the end of the tunnel now that the rollout of long-awaited vaccines has begun.
Jan 21, 2021
LOT Polish Airlines has reached an agreement with its trade unions to reduce its headcount by up to 300 to improve efficiencies as it seeks to honor the conditions of state aid.
Jan 21, 2021
Malaysia Airlines Group (MAG) is taking more important steps toward finalizing its restructuring plan and gaining approval from courts and creditors.
Jan 21, 2021
Norwegian startup Flyr has outlined a strategy to fly domestic and short-haul international routes using Boeing 737-800 aircraft.
Jan 21, 2021
Qatar Airways and Etihad Airways are poised to reinstate routes that have been suspended for more than three-and-a-half years.
Jan 21, 2021
KLM is reviewing its long-haul routes from the Netherlands and may suspend them from Jan. 22 following the introduction of tougher measures in the country designed to stop the spread of COVID-19.
Jan 21, 2021
Norway’s government will provide a hybrid loan to Norwegian Air Shuttle providing private investors also back the LCC’s restructuring.
Jan 20, 2021
By the end of 2021, Spirit Airlines looks to surpass its 2019 size as a steady stream of expected aircraft deliveries will expand the ULCC’s fleet.