AirlinesAeroflot Group posts 9-month net profit of $693.5 millionRussia’s Aeroflot Group has reported a net profit of RUB43.8 billion ($693.5 million) for the first nine months of 2016 to Sept. 30, up significantly from RUB1.8 billion in the year-ago period. Revenue grew 23.2% year-over-year (YOY) to RUB 381.3 billion for the period. The results are published according to International Financial reporting Standards (IFRS).
LinkAmerican Airlines Reduces Number of Flights to CubaThe travel industry is growing increasingly worried about Cuba. America’s newest travel destination will receive 500 U.S.-Havana flights by the end of 2016, according to the U.S. Department of Transportation. Bloomberg reports that American Airlines Group Inc. (AAL) has already cut back on its plans to fly to Cuba.
LinkKorean Air expands US presence, strengthens Delta partnershipKorean Air is aggressively expanding on the US west coast and strengthening its relationship with SkyTeam partner Delta Air Lines “to ensure the airline’s continued leadership in 2017 and beyond,” the Seoul-based carrier said in a statement. Korean Air said it is increasing flights from Seattle, San Francisco, Los Angeles and Las Vegas, and creating a “massive network between the US and Asia through a blossoming partnership with Delta Air Lines.”
LinkFuel emergency reported by Bolivian Avro RJ85 before fatal crashThe flight crew of the Bolivian British Aerospace Avro RJ85 that crashed in Colombia had declared a fuel emergency while waiting to land at Medellin airport in Rionegro, according to an air traffic control recording. Operated by charter carrier LAMIA Bolivia, the aircraft was awaiting clearance for final approach to the airport, which had been temporarily closed due to an unscheduled arrival of a VivaColombia flight.
LinkLucky Air plans to launch LCC in ChengduHainan Airlines’ low-cost subsidiary Lucky Air plans to launch a low-cost carrier (LCC) in the Sichuan Province capital of Chengdu in an effort to explore the market potential of Southwest China. According to a statement released by Hainan Airlines through the Shanghai Stock Exchange, the new venture will be named Shen Niao Airlines and is expected to have a registered capital of CNY3 billion ($435 million).
LinkLufthansa makes pilots new mediation offerLufthansa has made pilot union Vereinigung Cockpit a pay rise offer in an effort to end extensive industrial action that has gripped the carrier over the last week. The airline says that it sent the union yesterday a proposal of raising wages 2.4% this year and 2% in 2017 – plus a one-off payment – which is “not linked to any other terms or conditions”.
LinkMalaysia Airlines sees 'steady progress' in Q3 performanceMalaysia Airlines says in a quarterly update that it showed “steady progress” in the three months ended 30 September, and is "on target to deliver ahead of budget”. The airline did not provide any financial figures, but says that cost control continues to be its "central focus".
LinkUnited to review $12.5 bln Airbus jet orderUnited Continental Holdings Inc said it was reviewing whether to alter an order of about $12.5 billion at list prices for Airbus Group SE's largest twin-engine jets, the A350-1000s, for smaller long-haul models. Bloomberg reported on Wednesday that United, the No. 3 U.S. airline, may swap some orders of the Airbus A350-1000s for other wide-body jets such as the A350-900, which can fly longer routes, or the smaller A330.
LinkWizz Air concludes financing deals for 10 Airbus family aircraftCentral and Eastern European low-cost carrier (LCC) Wizz Air has concluded a sale and lease back deal with Bank of Communications and Financial Leasing (BoComm) for eight Airbus A320 family aircraft, and has finalized a previously announced operating lease deal with Singapore lessor BOC Aviation for two more of the type. The BoComm deal covers two A320-200s and six A321-200s with a nine-year lease term. The aircraft will be delivered between September 2017 and June 2018 and represent a list price value of $885.4 million.
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