South African Airways (SAA) has announced a code share agreement with Air China that will complement SAA’s newly inaugurated non-stop service between Johannesburg and Beijing. The agreement will effectively enhance flight choices for customers, whether originating in Africa or China, through seamless connections and frequent flyer mileage opportunities. Both airlines, which are members of Star
International Airlines Group today (February 29, 2012) presented Group consolidated results for the year ended December 31, 2011. In addition, IAG presented combined results for the year ended December 31, 2011 including Iberia’s first 21 days of January. IAG period highlights on combined results: · Fourth quarter operating profit of €34 million, before exceptional items
Highlights – Lease rental revenue of $149.8 million and EBITDA(1) of $160.6 million for the fourth quarter, and $580.2 million and $594.8 million, respectively, for the full year – Net income of $35.6 million, or $0.49 per diluted common share for the fourth quarter, and $124.3 million, or $1.64 per diluted common share, for the
Work Programme makes steady progress No final agreement reached with employee representatives Special Supervisory Board meeting set for 13 March 2012 This afternoon, the Executive Board of Austrian Airlines reported to the Supervisory Board on the Work Programme it first presented in January, a package of measures designed to save the company 220 million euros.
ENDICOTT, N.Y.–(EON: Enhanced Online News)–BAE Systems’ Commercial Aircraft Solutions business has entered into a Long Term Agreement (LTA) with Abu Dhabi Aircraft Technologies (ADAT) and SR Technics – both part of the Mubadala Aerospace Maintenance, Repair and Overhaul (MRO) network – to provide repair, overhaul services and component support for its flight critical controls, cabin
4th Quarter 2011 ended 31 December 2011 Group Revenue: RM3.68 billion Group Expenditure: RM4.99 billion Net Loss: RM1.28 billion Capacity (ASK) up 1%; Traffic (RPK) down 6%; Seat Factor down to 72.5% Financial Year 2011 ended 31 December 2011 Group Revenue: RM13.90 billion Group Expenditure: RM16.20 billion Net Loss: RM2.52 billion Capacity (ASK) up 7%;
Geneva – The International Air Transport Association (IATA) announced global traffic results for January showing a 5.7% rise in passenger demand but an 8.0% decline in air freight compared to the same month in 2011. The occurrence of Chinese New Year in January (rather than in February as in 2011) exaggerated the increase in passenger
SEATTLE, Feb. 29, 2012 /PRNewswire/ — Alaska Air Group paid annual bonuses totaling $53.8 million today to nearly all of its 12,800 employees for exceeding the company’s 2011 operational and financial goals. The bonus of about 6.7 percent of annual pay, or more than three weeks pay for most workers, is in addition to $1,000
On completion of Technical acceptance procedure, SCAC and Aeroflot signed the Act of Delivery & Acceptance for the sixth deliverable Sukhoi Superjet 100 MSN 95013 at Komsomolsk-on-the Amur on February 28, 2012. The aircraft received the tail number RA-89005 and is painted in the SkyTeam livery. The document, signed by the parties, states that the
Brussels, Belgium – The number of flights in Europe is set to fall by 1.3% this year compared to 2011, reflecting the continent’s economic problems and the recent surge in fuel prices, according to the latest edition of EUROCONTROL’s Medium Term Forecast of European Flights (2012-2018). The drop is a second dip in the annual
Loading ...