NewsQatar Airways backs away from American investmentQatar Airways said it will no longer pursue buying a stake in American Airlines, contending “the investment no longer meets our objectives.”
LinkEU airlines urge hardline response to Brexit, says Ryanair CEOMajor continental European airlines are actively lobbying their governments to make the UK aviation sector’s exit from the European Union (EU) difficult, the CEO of Irish low-cost carrier (LCC) Ryanair said Aug. 2.
LinkANA Holdings posts $454 million fiscal 1Q net profitANA Holdings reported a net profit of ¥51 billion ($453.9 million) for its 2017 fiscal first quarter, nearly an eightfold increase over the company’s ¥6.6 billion net income for its fiscal 1Q 2016.
LinkEgyptAir to add 33 aircraft to modernize fleetEgyptAir plans to add 33 different types of aircraft as part of its fleet modernization plan and is reviewing several offers by major manufacturers and lessors.
LinkAtlas Air Worldwide 2Q net profit up 89%; adds Hong Kong Air CargoAtlas Air Worldwide Holdings—parent company of Atlas Air, Polar Air Cargo, Southern Air and Titan Aviation—reported a second-quarter 2017 net profit of $38.9 million, up 88.8% over net income of $20.6 million in the 2016 June quarter.
LinkLufthansa Group 1H net profit up 56.6%Lufthansa Group delivered a first-half net profit of €672 million ($766.7 million), up 56.6% from a net profit of €429 million a year ago.
The German carrier said the results were primarily attributed to strong demand and lower unit costs at the group’s passenger airlines. “We have achieved the best first half-year result in our company’s history,” CFO Ulrik Svensson said.
LinkVirgin Australia set for another disappointing lossVirgin Australia is all but certain to report yet another underlying loss for the year ended 30 June, as it continues to struggle against its high-flying competitor Qantas.
LinkLion 737 and Wings ATR 72 clip wings in MedanIndonesian regulators are investigating an incident in which a Lion Air Boeing 737-900ER and a Wings Air ATR 72-500 clipped wings at Medan's Kualanamu airport.
LinkAir India boss says carrier 'not financially viable'Air India believes it is an "operationally viable" airline as compared to two years ago, but is still concerned about its financial situation.
In a televised interview, airline chairman and managing director Ashwani Lohani says that despite making an operating profit of Rs1.05 billion ($15.7 million) for the 2016 financial year and forecasting that it operating profit will grow threefold in its next financial year, the carrier's financial situation "has not stabilised at all".
LinkBOC Aviation firms up 737 Max 10 orderSingapore-based lessor BOC Aviation has firmed up its commitment to order 10 Boeing 737 Max 10s made at the Paris air show in June.The deal is valued at $1.25 billion at list prices, with deliveries commencing in 2021.
LinkMalaysia Airlines to capitalise on China demandMalaysia Airlines (MAB) believes that traffic from China could further drive its business and will launch more new routes to capitalise on that demand.
LinkIndian report slams Il-76 availability rateA report by India’s comptroller and auditor general (CAG) has highlighted the poor serviceability of 14 Ilyushin Il-76MD heavy transports and six Il-78 tankers operated by the nation's air force. According to a CAG report, average serviceability of the Il-76 and Il-78 fleet in the period from 2010-2016 was 38% and 49%, respectively. The required average figure for both types is set at 70%.
LinkThree Philippine C-130s to get avionics upgradeManila plans to upgrade the avionics of three Lockheed Martin C-130 transport aircraft. The upgrade will involve converting the cockpit from analogue to digital, and integrating a glass cockpit that includes touch screen displays, says the country's air force in a statement. Flight Fleets Analyzer shows that the Philippines operates five C-130s: one C-130B, two C-130Hs, and two C-130Ts. The average age of these aircraft is 40.2 years.
LinkS-97 damaged in hard landingA Sikorsky S-97 Raider crashed at 07:30 on 2 August at the company’s flight test center in West Palm Beach, Florida, the Lockheed Martin company says.
LinkCroatia Begins Hunt For New FighterThe Croatian government has issued requests for fighter aircraft proposals from five countries as it seeks a more modern, Western-type replacement for its aging Mikoyan MiG-21s.
LinkAustralia's spy agency downgrades aviation threat after bomb plot arrestsAustralian Prime Minister Malcolm Turnbull said on Thursday the country's intelligence agency had downgraded the threat level to aviation after an alleged "Islamic-inspired" plot to bring down a plane was uncovered and disrupted. Four men were arrested in raids in several suburbs in Sydney, Australia's largest city, at the weekend and held without charge under special terror-related powers. One man has since been released.
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