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Lao Central Airlines and Indonesia’s Sky Aviation announced their first Sukhoi Superjet 100s (SSJ100s) have launched their first flights.
Brazil’s GOL has reported a 2012 full-year net loss of BRL1.58 billion ($787 million), widened 58.4% from a BRL1 billion net loss in 2011. Fourth-quarter net loss was BRL$447.1 million, reversed from a net profit of BRL54.3 million in the year-ago period. Full-year net revenue was BRL8.1 billion, up 7.5% from BRL7.5 billion, producing an operating loss of BRL905.6 million, widened from a BRL244.5 million loss year-over-year. Fourth-quarter net revenue was BRL2.1 billion, down 5.1%,…
Iberia CEO Rafael Sanchez-Lozano is to be replaced by Iberia Express CEO Luis Gallego, effective immediately.In a statement, Iberia’s parent company said: “International Airlines Group (IAG) and Rafael Sanchez-Lozano have decided by mutual agreement that he will step down as chief executive of Iberia and from the IAG board with immediate effect. He will be replaced by Luis Gallego who is currently chief executive of Iberia’s subsidiary Iberia Express. Luis has joined the Iberia and…
The Australian Competition and Consumer Commission (ACCC) has granted approval for a five-year alliance beginning April 1 between Qantas and Emirates for passenger and cargo operations, and other related services.“In particular, the alliance is likely to provide Qantas and Emirates customers with increased access to a number of existing frequencies and destinations under a single airline code, improved connectivity and scheduling, and access to each alliance partner’s frequent flyer programs. The alliance is also likely…
France has raised €448.5 million ($576.9 million) by selling 3.12% of Safran, just as the aerospace firm completed its acquisition of Goodrich Electrical Power Systems (GEPS).French finance and economy minister Pierre Moscovici detailed plans to sell the 13 million shares to institutional investors Tuesday, slimming France’s shareholding to 27.08%. On Wednesday Moscovici announced the successful completion of the placement. Moscovici said France intends to remain a Safran shareholder in the medium term. He added that…
International Airlines Group has upped its takeover offer for Spanish carrier Vueling to €9.25 ($11.90) per share after an original bid of €7.00 per share was rejected by Vueling’s management. Late last year, IAG announced it was planning to offer €7.00 per share to acquire the remaining 54.15% of Vueling not already owned by its subsidiary Iberia, which holds a 45.85% stake. Back in November this offer represented a 27% premium on Vueling’s share price.…
Airline CEOs and industry dignitaries gathered in Washington DC Wednesday to celebrate the winners of the ATW39th Airline Industry Achievement Awards. At a gala dinner hosted by ATW group publisher Bill Freeman and editor-in-chief Karen Walker, ANA was honored as Airline of the Year for its exceptional financial performance, fiscal management, customer service and technology leadership that set the bar for the entire global airline industry. “ATW editors look for superb innovation and leadership by…
A US bankruptcy judge approved the American Airlines-US Airways merger Wednesday, a key step toward making the mega-merger a reality. Judge Sean Lane, presiding over American’s Chapter 11 bankruptcy case in a federal court in New York, also approved American’s request to extend to May 29 its deadline for submitting a plan to emerge from Chapter 11 protection. “The merger is an excellent result,” Lane said, according to the Associated Press. “I don't think anybody…
Streamlined connections strengthen Toronto as preferred routing for U.S. travellers MONTREAL, March 26, 2013 /CNW Telbec/ - Air Canada is becoming an even more attractive option for travellers connecting to the U.S. due to a simplified baggage handling process at its Toronto Lester B. Pearson International Airport hub. The new system sends checked baggage to connecting flights so connecting customers no longer have to retrieve their checked bags for U.S. customs inspection. "Air Canada's Toronto…
Winnipeg Airports Authority is pleased to be globally recognized with a 5th place Best Airport by Size Award and 1st place ranking in the Best Improvement: North America category as part of ACI’s 2012 Airport Service Quality (ASQ) Awards.
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