- JAL to Increase Airfares in April 2007[Dec. 06, 2006]
Japan Airlines Corp will increase both domestic and international air fares next April despite recent falls in crude oil prices, JAL President Haruka Nishimatsu said on December 5.
- Italy Plans to Sell Stake in Alitalia[Dec. 04, 2006]
Italy plans to sell a stake in unprofitable national airline Alitalia SpA to keep the carrier in business, setting up a possible takeover by Air France-KLM Group. The shares soared the most in 15 months.
- LCC Offers Paris-NY with French Frills[Dec. 01, 2006]
On December 1, A new low-cost, high-frills French airline entered the cutthroat transatlantic market with an all-business class service aimed at cost-conscious "Paryorkers."
- Italian Govt to Reduce Its Alitalia Stake[Dec. 01, 2006]
Italy plans to reduce its 49.9 percent stake in cash-strapped Alitalia SPA as part of its efforts to turn around the nation's flagship airline, the government announced on December 1.
- Finnair Exercises Options for 4 Embraer 190 Jets[Nov. 29, 2006]
Embraer announces that Finnair has confirmed its four remaining options of the initial order placed in July 2004. The airline has opted for four additional EMBRAER 190 jets, thus reaffirming its confidence in this model. The total value of the deal, at list price, comes to US$135 million.
- US Airways Expected to Present Merger Offer[Nov. 30, 2006]
US Airways will formally present its 8 billion dollar merger offer for Delta Air Lines to Delta and its official unsecured creditors committee sometime this week, The New York Times reported on Nov. 29.
- Qantas Expects Higher Profit in 06/07 Fiscal Year[Dec. 01, 2006]
- Air Berlin Orders 60 737s as Profit Surges[Nov. 29, 2006]
Air Berlin's shares dropped by more than 14% on November 28, after the airline announced its second major aircraft order in two years and reduced its earnings forecast for the full year despite improved results in the third quarter.
- Australian PM Hints Qantas Deal to Fly[Nov. 25, 2006]
On November 24, Qantas Airways' chief executive sought to dampen rampant speculation about a multinational consortium's bid for Australia's national carrier as the government strongly hinted it wouldn't move to block the deal if it complies with current foreign ownership laws.
- Air France-KLM Posts 26% Rise in Q2 Profit[Nov. 24, 2006]
On November 23, Air France-KLM Group, Europe's biggest airline, reported that its second-quarter profit rose 26 percent on increased demand for travel to Asia and North America as well as higher ticket prices.