Japan Airlines – which officially emerged from court-promoted bankruptcy this week – has a domestic LCC on its radar with Jetstar the most likely partner. Jetstar will reportedly outline the business case for the Japanese to the Qantas board in coming weeks, according to reports in Japan and Australia...
Aeromexico is looking to leverage its significantly improved competitive position and financial outlook by pursuing an initial public offering (IPO) which will help fund the next phase of its expansion plan.
Bombardier's shares soared 13% yesterday on the release of its financial report.
American Airlines and Japan Airlines quietly launched their trans-Pacific alliance today (01-Apr-2011). The partnership allows American and JAL to coordinate schedules, set fares and market promotions jointly.
Lufthansa has confirmed plans to launch A380 operations on daily Frankfurt-Miami service from 10-Jun-2011, replacing B747 equipment. Miami will be the sixth Lufthansa destination to be served by the A380 and the third US destination after New York and San Francisco. The latest A380 route will be made...
IATA, in its Feb/Mar-2011 Airlines Finance Monitor, stated airline share prices have lost 10% so far this year, as financial markets worry about exposure to rising oil costs. This compares with a 3% gain in equity markets over the same period, meaning airline shares are underperforming the market by...
Global passenger traffic at airports grew by almost 4% in Feb-2011, with international up by 4.5% and domestic by 3.4%, according to Airports Council International. Freight volumes stagnated for the month reflecting a decrease of 3.3% in domestic freight traffic.
India's GMR Infrastructure announced that Macquarie SBI Infrastructure Investments has invested INR8.9 billion (USD200 million) in its wholly owned airport subsidiary, GMR Airports Holdings, which operates Delhi and Hyderabad airports.
Two major trans-Pacific joint ventures commenced on 01-Apr-2011, the first between Continental Holdings and All Nippon Airways and the second between American Airlines and Japan Airlines, which has recently exited bankruptcy. The JVs will mean closer cooperation between the airlines and are enabled...
Long before airplanes existed, Chicago was already a transportation hub. Since the mid-1800s it has been a rail hub, linking the Eastern US with the central states and points west. A quick look at the US interstate highway network reveals that the city is also a vital intersection for surface transport...
Norwegian Government announced it has decided to sell its 14.3% stake in SAS Group, under a plan to revise state ownership across 52 companies. On Friday, the Norwegian Minister of Trade and Industry, Trond Giske, sought parliamentary approval to sell the stake in the carrier. The governments of Sweden...
Shares in LCCs based in the UK and Ireland closed lower on Friday, on a mixed day for low-cost airline shares. easyjet shares fell 2.4%, while Flybe shares fell 1.8% and Ryanair shares dropped 1.5%. Scandinavian LCCs Cimber Sterling and Norwegian also had share falls.
Kuwaiti leasing company Aviation Lease and Finance Company (ALAFCO) is reportedly seeking USD70 million in damages from Wataniya Airways, after the Kuwait-based carrier ceased operations in mid-Mar-2011. ALAFCO has three A320s on lease to Wataniya, with the contract running from 2009 to 2017. Shares...
Doric Asset has an unconventional number of A380s in its fleet - 10 to be exact - and the Managing Director and founder, Mark Lapidus, is quite frankly happy to see other lessors shy away from the largest of the Airbus passenger family. Mr Lapidus talked exclusively to CAPA about the strategy behind...
Shares in Dufry AG, the Swiss-based travel sector retailer, jumped 7.9%. Dufry recently forecast organic revenue growth of above the forecast international passenger growth rate of 4-5% 2011, following revenue growth of 10% in 2010.
Shares in Shanghai International Airport Corp leapt 10% on Friday, leading a better day for shares in airports and airport operators. Shares in the company traded unusually heavily, at nearly four times average daily volume. Copenhagen Airport shares also traded strongly, up 4.2%.
The world's low-cost carriers (LCC) are a force to be reckoned with, commanding a 23.1% share of weekly seats worldwide, up from 22.6% this time last year. The world's biggest LCC is the grand-daddy of the sector, Southwest Airlines, growing its capacity this month by a spritely 9.4% year-on-year. Next...
United Continental Holdings/All Nippon Airways and American Airlines/Japan Airlines each launched their trans-Pacific joint ventures on Friday. Through their global alliance connections, the carriers will coordinate sales and marketing and align schedules, fares and terms and conditions for itineraries...
Star Alliance members now command a global capacity share (measured by ASKs) of 25.8%, thanks to a double-digit increase in capacity this month. SkyTeam members are also growing their capacity aggressively, helping them maintain their share of global aviation at around 15.5%. But oneworld's share has...
The latest rankings of the world's largest scheduled airlines for Apr-2011 reveals further change at the top, as some airlines expand capacity levels aggressively, while others cut back. As noted last month, Emirates has moved ahead of United (though the United-Continental combination would be the world...
The Asia Pacific region – led by China – is expected to be one of the best performing regions in 2011 in what is shaping as a turbulent year for the global aviation industry. The oil price spike at the start of the year has taken some of the gloss off the airline profit outlook for the Asia Pacific...
Colombia’s domestic market is poised to resume rapid growth next year as Aires is transformed into LAN Colombia and VivaColombia, a new well-funded and high profile low-cost carrier, launches services.
US Federal Aviation Administration announced it issued an emergency directive on 05-Apr-2011 requiring operators of specific early B737 models to conduct initial and repetitive electromagnetic inspections for fatigue damage. This action will initially apply to approximately 175 aircraft worldwide, 80...
Korea Aerospace Industries has applied to list on the main KOSPI, according to the Korea Exchange, although the value and size of the IPO has not been finalised. The Korean Exchange was expected to make a decision on the IPO request within two months. The company aims to launch its IPO in Jun-2011.
Dart Group, parent company of UK LCC Jet2.com, stated it does not expect the cancellation of services and holidays to Egypt and Tunisia will affect profits for the current financial year. Jet2 has replaced its Egypt programme with extra services and holidays to Spain and Portugal with the company adding...
Air Lease Corporation announced the launch of its initial public offering of 25 million shares of Class A Common Stock. The estimated offering price is between USD25.00 and USD28.00 per share. The company’s Class A Common Stock has been approved for listing on the New York Stock Exchange under the...
World Fuel Services Corporation completed its acquisition of Ascent Aviation Group, a distributor of aviation fuel and de-icing fluids. Ascent, based in New York, supplies aviation fuel and de-icing fluid to more than 450 airports and fixed-base operators throughout North America. The transaction is...
Air Berlin, Germany’s second largest airline, predicted a return to profit in 2011 as economic growth, a decline in unemployment and increasing demand for business travel boosts passenger numbers. “The good economic development is strengthening demand for business travel but it helps tourism as...
Ryanair reported an 8% year-on-year increase in passenger numbers in Mar-2011 to 5.7 million. This marks a 21% increase in passenger numbers from Mar-2009 levels and a 461% increase from the 1.0 million passengers handled by the LCC ten years ago in Mar-2002.
Qantas could have trouble finding new homes for its B737-400 fleet as the current market price for the aircraft is well below what the Australian carrier has been seeking. Qantas has started putting up for sale its fleet of 21 B737-400s, some of which are due to come out of the carrier’s fleet later...
