Airlines4K Invest completes takeover of Adria AirwaysGerman-based restructuring specialist 4K Invest (AA International Aviation Holding) has completed the takeover of Slovenian flag carrier Adria Airways. “We can confirm that a resolution was adopted at the shareholders meeting held in July that all [remaining] shares of the company, which are not owned by the main shareholder AA International Holding [which holds a 99.14% share] shall be transferred to the main shareholder in return for payment,” a spokesperson confirmed.
LinkAlaska Air posts record Q2 profit of $263MSecond-quarter profit for Alaska Air Group Inc. reached a record $263 million, a 14% increase over the same quarter last year. "The fundamentals of our business are strong. We are running a great airline and we believe the merger with Virgin America is going to create a very strong airline with reach across the entire country and with real strength in originating traffic up and down the West Coast," said Alaska Air Group CEO Brad Tilden.
LinkSouth Korea’s Eastar joins U-FLY LCC allianceSouth Korea-based low-cost carrier (LCC) Eastar Jet has become the fifth airline to join the first North Asian U-FLY Alliance of low-cost carriers. The group was formed in January 2016 by Hainan Airlines’ four subsidiaries Hong Kong Express Airlines, Kunming-based Lucky Air, Urumqi Airlines and Chongqing-based West Air. The new alliance is looking to extend regional coverage through the new Eastar connections as well as extend LCC services.
LinkGaruda Indonesia sinks into red despite network growthGaruda Indonesia reported a net loss of $63.2 million for the six months through June 30, reversed from a $29.3 million profit a year earlier. The earnings decline occurred as the airline continues its major international expansion effort. Group revenue was down 4.1%, despite the fact that passenger numbers were up 4.4% in the six-month period.
LinkHawaiian Airlines offers on-the-job experience to student mechanicsHawaiian Airlines is working with Honolulu Community College to recruit and train aviation mechanics. The new Aircraft Mechanic Apprenticeship Program offers hands-on experience that will help students obtain certification from the Federal Aviation Administration.
LinkIndia's IndiGo sees fare pressures; ongoing A320neo issuesIndia-based low cost carrier (LCC) IndiGo reported a net profit of INR5.92 billion ($87.3 million) for its 1Q 2017 period to end June 2016, down 7.4% compared to the same period last year. IndiGo president Aditya Ghosh said profitability was down “primarily because of competitive fare pressures.”
LinkJetBlue moves to improve West Coast presenceNew York-based JetBlue Airways is adding services from Long Beach, shoring up its West Coast expansion. It will add 4X-daily service to San Jose Jan. 4, 2017. Introductory fare is $39 one-way. JetBlue will also add three more daily flights on Long Beach-Las Vegas, one additional daily flight to -San Francisco and one additional daily flight to -Salt Lake City. These additional services, along with new service to San Jose, give JetBlue nine new daily departures from Long Beach.
LinkPolish carrier LOT trials Bali schedulePolish flag carrier LOT Polish Airlines is trialing a 2X-weekly nonstop service from Warsaw Chopin International to Ngurah Rai International in Bali, Indonesia. The service will use Boeing 787-8 aircraft with a three-class 252 seating layout, and will be run as a charter operation in conjunction with a Polish tour operator.
LinkLufthansa 1H net profit falls 55%, lowers full-year outlookLufthansa Group delivered a first-half net profit of €429 million ($463.3 million), down 55% from a net profit of €954 million a year ago. The German carrier said the results were slightly below the prior-year numbers, excluding one-off effects. The 2015 first-half result included a positive €503 million effect from the early conversion of US-based JetBlue convertible bonds.
LinkPegasus starts flying Leap-1A-powered A320neoTurkish budget carrier Pegasus has started scheduled service with the first Airbus A320neo powered by Leap-1A engines, manufacturer CFM International confirms. The start of revenue flights with the Leap-1A-equipped twinjet began with a domestic flight from Istanbul to Antalya which departed at 09:30 today, online flight tracking services indicate. Three more flights between that city-pair were completed by 15:25.
LinkUnited Airlines bringing new ideas to business classUnited Airlines is introducing a new business class concept called Polaris to balance capacity in the cabin and comfort for travelers. The seats' kaleidoscopic arrangement gives all business class passengers direct access to aisles.
Link 
