Net profits for Aeroflot for the first half of 2010 were up 24% to $17.5 million compared to the same period in 2009. Revenue was also up for the Russian carrier by 27% to $1.854 million, with an incr...
Airphil Express (APX), the low-cost unit of Philippine Airlines (PAL), has announced it will 18 narrow-bodied aircraft in the next few years to expand its domestic and regional routes. APX plans to sp...
B/E Aerospace has acquired TSI Group from private equity firm Arlington Capital Partners for $310 million in cash. The aircraft cabin interior products maker’s purchase of TSI, which manufactures solu...
Ethiopian Airlines’ Aviation Training Academy plans to buy simulators for different aircraft to train pilots, along with other equipment to train cabin crew. The national flag carrier is to sign a $49...
Lithuanian airline Star1 Airlines has filed for bankruptcy after a flurry of legal claims when its only aircraft was detained in Dublin last week. The Star Team Group stated in a press release that it...
Banks working to restructure debt packages of both Kingfisher Airlines and Paramount are reported to have approached Reserve Bank of India to treat aviation debt as standard assets rather than restruc...
Air New Zealand, the national carrier, has been upgraded to an investment grade Baa3 credit rating by Moody's Investors Service due to its implied government support. Moody's said the airline's majori...
Following the merger with Southwest, AirTran share fell slightly by 0.14% to close at $7.34 on Friday October 1 with the over all traded volume of 15.90 million shares for the day. AirTran Holdings, I...
EgyptAir has selected software provider SAP to support the airline's growth and expansion plans by supplying solutions that improve the company's financial visibility and optimize route profitability....
The rise in passenger tax by the UK Government from November 1 has the potential to cause thousands of job losses, say UK airlines. The British Air Transport Association has warned that the significan...
India has invited companies to participate in its aviation sector, says Civil Aviation Minister Praful Patel: "Though India has achieved a lot of progress in this area in a short span of time, still w...
Ghaith Al Ghaith, FlyDubai CEO explained yesterday at the Low Cost Congress in London how the airline has been successful at adapting the traditional low cost model to meet the requirements of the env...
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