Gate Gourmet, a member of gategroup, announced it has sold its interests in Portugal to Newrest, effective immediately. Details of the agreement remain confidential. Gate Gourmet operated a wholly owned facility at Lisbon Airport and was in a 50/50 partnership at Funchal Airport in Madeira, with both...
SEA, the operator of Milan Malpensa and Linate airports, reportedly plans to list shares on the Italian stock exchange at the end of Oct-2011. The City of Milan owns 84% of SEA and has approved the listing. The Milanese authorities do not intend to lower the ownership stake below 51%.
SpiceJet announced KAL Airways Pvt Ltd, the controlling shareholder in the Indian airline, has pledged 38.43% of its holding in the Indian low-cost carrier. KAL Airways has pledged 60.15 million of its shares, 14.84% of the total outstanding share capital in the company. Of this, 31.2 million shares...
With the passage of the FAA reauthorisation bill by the US House of Representatives, the USD59.7 billion, four-year legislation, the latest of numerous attempts, has reached the farthest point toward passage than it has since the last legislation expired in 2007. While the House passage marks significant...
In a highly unusual event for the airline, SkyWest will post a net loss for the first quarter. According to guidance issued on Friday, it expects to post a net loss between USD13 and USD15 million on lower block hours. In addition to higher maintenance, fuel and crew costs, Atlantic Southeast Airlines...
American Airlines and Delta Air Lines have revealed sharp declines in Asia Pacific load factors following the 11-Mar-2011 earthquake/tsunami/nuclear concerns in Japan. The load factor declines occurred as both carriers significantly expanded Asia Pacific capacity to record-high levels - a situation...
A record number of new routes from Finland to destinations in Europe have commenced as part of the summer 2011 season, driven by an increased LCC offering. As Norwegian CEO Bjorn Kjos stated last month upon the opening of a base in Helsinki, “the boom of low-cost flights is especially apparent in...
United Continental Holdings has requested US regulatory approval to operate to Tokyo Haneda Airport if Delta Air Lines abandons the airport following the 11-Mar-2011 earthquake and tsunami.
The first quarter is complete and US airline earnings statements are being prepared. Analysts are already weighing in. Barclay’s Capital sees an upside for revenues in the current capacity-controlled environment, according to a research note released this week. The company cited United, Delta and...
Shares in Indian LCC SpiceJet spiked 7% yesterday, on heavy afternoon trading. The jump follows an announcement on Monday that KAL Airways Pvt, the carrier's controlling shareholder, has pledged 38.4% of its holding in the low-cost carrier.
Avianca-TACA is confident of a successful debut on the Colombian stock exchange after a profitable first year as Latin America’s fourth largest airline group. Colombia-based Avianca and El Salvador-based TACA completed their historic merger in early 2010, creating the fourth largest airline group...
International Airlines Group (IAG) reported that passenger numbers in Mar-2011 grew 6.3%, with strong increases in premium traffic (RPKs) (+18.1%) significantly eclipsing the growth in non-premium travel. The traffic results reflect in part strike action at British Airways in Mar-2010. IAG shares were...
Shares in Expedia continued to rise on Tuesday, following the news that it reached an MoU with American Airlines that will allow the companies to resume business, effective immediately. Expedia's stock rose 1.3% yesterday, while Amadeus was down 0.8%.
Seattle Tacoma International Airport (Sea-Tac) is the quiet achiever of the Pacific coast gateways. Reporting an encouraging 6.6% increase in international passenger traffic last year (or +14.8% when cross-border traffic to Canada is excluded), Sea-Tac is optimistic of another solid performance in 2011...
Delta Air Lines is planning to announce the suspension of service to Amman, Jordan, effective 01-Jun-2011, according to industry sources. CAPA understands an announcement about the three times weekly B767 service could be made tomorrow.
Milan airport operator, SEA, reports a 3.2% increase in passenger traffic at Malpensa Airport in Feb-2011.
The Milan airport operator, SEA, aims to list its shares on the Italian stock exchange towards the end of Oct-2011 according to reports in Italy, adding to Italy's register of listed airport operators. SEA, which operates the busier Malpensa Airport and the Linate Airport close to downtown, will issue...
Korean Air will become the first airline to offer a flying duty free shop when its first of ten A380s enters service on 10-Jun-2011. The outlet has been designed and manufactured for Korean Air by AIM Aviation and will replace 13 seats on the A380. Korean's A380s will feature a 407-seat layout with...
Pratt & Whitney Vice President of New General Product Family Bob Saia put another spin on the role of the Mitsubishi MRJ which uses Pratt’s PurePower Geared TurboFan (GTF), saying it is the only new product that does for regional airlines what the CSeries and Airbus A320neo is doing for the larger...
IndiGo Airlines and Hong Kong Aviation Capital (HKAC) have successfully closed the sale and lease back of a new Airbus A320 delivered on 30-Mar-2011 at the Airbus facility in Toulouse. HKAC closed the delivery of the new aircraft with financing from China Development Bank.
Macau International Airport Company Limited (CAM) has said the city's aviation industry has gradually recovered from the industry downturn and a number of external events over the past year. But, the airport operator warned that Macau is facing "more serious challenges” in 2011. Many of these challenges...
There is a new airline in the US. Vision Airlines is modeling itself after highly successful Allegiant Airlines, combining low cost airline with tour operations and it has already made a splash with its USD19 fares. Of course, like Spirit and Allegiant, it will make up the operations shortfall with...
US Airways has upgraded its meals in international first class, domestic business class and is now retrofitting its regional fleet to accommodate first-class service in all its larger regional jets.
Virgin Atlantic Airways founder and Virgin Group Chairman Sir Richard Branson stated the carrier needs a partner to compete with British Airways and that he plans to stay a “major shareholder” in the carrier. Sir Richard stated the carrier has seen some offers and is in discussions with "various...
US Airways Chair and CEO Doug Parker confirmed what we have been suspecting since the restructuring of the US airline industry and the impact of the recession. Mr Parker said the infrastructure needs for the industry may be vastly overstated by the government and airports.
US Airways CEO Doug Parker observed that he sees “one big deal left” as a merger prospect in the US and that it would involve his carrier. Mr Parker stated that if one of the big three carriers – United Continental, Delta Air Lines or American Airlines – wanted to make a deal, US Airways is...
Jazeera Airways cancelled orders for 25 A320s last month after Dubai Aerospace Enterprise's DAE Capital leasing unit cancelled orders for 18 A320s and 12 A350-900s in Feb-2011. The 43 cancelled A320 orders were worth around USDD3.7 billion at list prices.
ILFC has followed its USD1.3 billion secured term loan announced last week by commencing a registered exchange offer for up to USD2.75 billion in two different classes of secured notes. USD1.25 billion in 8.625% Senior Notes due 2015 have been offered for any and all of its privately placed 8.625% Senior...
Airbus announced it is accelerating entry-into-service for the A320neo by six months to Oct-2015, with the manufacturer minimising engineering changes to ensure the aircraft enters service when promised. Pratt & Whitney’s PW1100G turbofan has been selected as the lead development engine for the family...
Shares in Swiss catering company gategroup fell 7.2% yesterday, after the company's CEO, Guy Dubois, resigned earlier in the week. Andrew Gibson was named interim CEO. Mr Dubois took "moral" responsibility for the recent fraud event carried out by a former employee and consequently resigned
