Amadeus signed an agreement with Latin American airline group Avianca-TACA, with the airline becoming the 100th to select the company's Altéa customer management system. AviancaTaca will now adopt the complete Altéa platform across the group, having already used elements of the system.
Shares in independent aircraft leasing company Aircastle surged 4.3% in trading yesterday to hit a 28-month high. The company's stock has gained 22% for the year to date, trading strongly since the end of Jan-2011.
Skymark Airlines CEO Shinichi Nishikubo reportedly stated the carrier has signed a firm order with Airbus for four A380s, with options for two more aircraft. The carrier plans to use the A380s to launch services to/from Tokyo to London, Paris and Frankfurt. Mr Nishikubo stated the carrier would remain...
Pinnacle began its conference call announcing that the pilots at its three operating subsidiaries have ratified a unified contract that is expected to raise costs but allow a smoother transition as the company integrates Mesaba into its operation. However, those costs will be offset by one-time adjustments...
One of the US’ most influential and forward-looking LCCs, New York-based JetBlue, announced it will involve itself in an ADS-B trial as part of proofing elements of NextGen. Under the trial, the US Federal Aviation Administration will grant the carrier USD4.2 million to help equip 35 A320s with the...
Ukrainian State Air Traffic Service Enterprise (UkSATSE), the air navigation services provider of the Ukraine, reported 2010 aircraft traffic rose 15.2% year-on-year, to a record 457,445 movements. UkSATSE’s area of responsibility covers five Flight Information Regions with the total area of 776,442sqkm...
The Nuance Group announced the finalisation of PAI Partners acquisition of Stefanel SpA’s 50% shareholding in the company. Following the transaction, a new Board will be appointed, chaired by Josef Felder.
Schiphol Group reported a 2010 full-year net profit of EUR169 million, an increase of 28% year-on-year on revenue growth of 2.3%. The company forecast growth of 4-7% in passenger numbers and aircraft movements at Amsterdam airport in 2011, and a rise in cargo volume. It struck a cautious note over the...
Shares in Tiger Airways were down 4.2% by the close of trading on Thursday, after falling as much as 6% during the day's trading. The company confirmed that Ryanasia sold 18.6 million Tiger shares off-market at a placement price of SGB1.58, a discount of 4.8% on the closing price on 16-Feb-2011.
In the throes of bankruptcy, Japan Airlines was wooed by Delta, intent on prying it from the oneworld group. In the end, the overtures were unsuccessful but it has not prevented Delta from remaining the dominant foreign carrier in Japan, with a local network that is unprecedented elsewhere in the world...
Premium airline revenues remain 18% lower than their 2Q2008 peak with premium traffic 11% below the pre-recession levels according to IATA. Premium revenue grew an estimated 15% in 2010 after slumping 27% in 2009 with revenues continuing to grow at a faster pace than passenger numbers as fares continue...
Shares in UK regional carrier Flybe finished the week 3.2% lower. flybe pilots, represented by BALPA, have rejected an offer from the regional LCC on pay and conditions. The pilots could vote for industrial action if talks, due to be held next week, do not provide a breakthrough. 81% of pilots voted...
Reports have emerged that Air France-KLM and Delta Air Lines are working together to examine the potential of launching a bid for Virgin Atlantic. The two Skyteam carriers have reportedly hired Goldman Sachs to advise on a bid.
The North Atlantic market could be i for another shake-up, as reports have emerged that Air France-KLM and Delta Air Lines are working together to examine the potential of launching a bid for Virgin Atlantic. The two Skyteam carriers have reportedly hired Goldman Sachs to advise on a bid.
Kuwait’s Directorate for Civil Aviation has reported that Kuwait-based LCC Jazeera Airways handled 1.2 million passengers in 2010. The carrier outperformed other Kuwaiti carriers to destinations in the Middle East.
Shares in Brazilian aircraft manufacturer Embraer hit their highest point in more then two years in trading on Friday, gaining 3.1%. The growth comes despite news of cuts to the Brazilian defence budget, which have the potential to affect the company's new military transport programme.
Multiplus shares eased 2.5% yesterday, as the company's shares continue to show weakness after it reported a 4Q2010 profit of USD26 million. The company's results beat estimates, with revenue up 8.4% year-on-year. Multiplus controls the frequent flyer programme for TAM.
Pernod Ricard reported a strong result for the six months ended 31-Dec-2010, thanks to strong growth in Asian markets and better duty free results. The company reported a 13% year-on-year increases in revenue, including a 29% increase in the Asia Pacific/rest of the world, and a 15% boost in sales in...
Turkey’s TAV Holdings reported that group passenger traffic increased 13% in 2010 to 47.6 million. TAV Holdings operates Istanbul, Ankara, Izmir, Gazipasa, Tbilisi, Monastir and Enfidha airports, as well as a broad range of airports ground handling, F&B, retail and other concessions. Shares in TAV...
Asiana Airlines and Korea Development Bank announced plans to sell a combined 37.6% stake in Korea Express Co, according to a report by Dow Jones. The companies have sent letters to 10 parties, with a 04-Mar-2011 deadline for EoIs. They aim to select a preferred bidder by May-2011.
Although the dispute between American Airlines and its GDS “partners” has stopped grabbing travel headlines on a daily basis, the implications of the fight continue to resonate with a number of lower key announcements.
Ryanair may have to repay millions of euros as Germany’s highest court ruled fees it has received to operate from airports may amount to subsidies in breach of EU competition rules. Lufthansa and airberlin have been awarded the right to pursue legal action accordingly. Together with the other difficulties...
Sukhoi confirmed it has entered a bid with Delta Air Lines, offering the Superjet 100 as a candidate for the carrier’s new narrowbody contract for up to 200 aircraft. Airbus, Boeing, Bombardier and Embraer have reportedly submitted bids.
Dallas-based LCC Southwest Airlines has successfully led a price increase across major US carriers, following its decision to increase fares by USD5 per sector. The increase was followed by United Airlines, American Airlines, US Airways, Continental Airlines, Delta Air Lines, Frontier Airlines, JetBlue...
Air Arabia's 2010 net profit fell 31.5% year-on-year to USD84.3 million. The carrier announced it intends to reduce its annual dividend from AED10 (USD2.72) in 2009 to AED8 (USD2.18) for 2010. Chairman Sheikh Abdullah Bin Mohammad Al Thani stated he saw "significant growth opportunities in 2011 based...
Pinnacle Airlines Corp, which operates more than 130 regional jets on behalf of Delta Air Lines through Delta Connect, reported a 43% surge in traffic in January as US airline shares traded generally lower on Monday.
A strong year of capacity and passenger growth for Norwegian Air Shuttle has been undermined by soaring fuel costs and one-off events including strikes, poor weather and airspace closures. The carrier’s outlook for 2011 is muted, with positive signs in the form of “satisfactory” early bookings...
Japan's Empire Airport Service has closed its five stores at Narita Airport, following its bankruptcy on 11-Jan-2011 due to major cash-flow problems through 2H2010. Empire’s collapse leaves Narita International Airport Corp (NAA) with additional space as part of its strategic retail plan.
Copenhagen Airport reported a 10.8% year-on-year increase in revenue for 2010, and a net profit of EUR121.8 million, up 48%. The airport expects new routes launched in 2010 to contribute to improved revenue performance in 2011, although costs are also expected to be higher. Shares in Copenhagen Airports...
Kingfisher Airlines will reportedly delay its global depository receipts sale until market conditions improve and its stock recovers. The carrier had planned to raise INR15.8 billion (USD350 million) through the sale, which could be pushed back to Mar-2011, before the end of the current fiscal year...
