- Analysts Estimate American Airlines Will Pay US$40 Million Each for A320neos[Jul. 26, 2011]
Based on information in American Airlines' regulatory filings, analysts at Wells Fargo say the carrier will pay about an average US$40 million for its A320neos from Airbus in the blockbuster order announced last week.
- Iberia Firms up Order for Eight A330-300s, Selects GE CF6 Engines[Jul. 27, 2011]
Iberia and British Airways parent International Airlines Group firmed up an order for eight Airbus A330-300s plus eight options. GE CF6-80E1 engines were selected to power the aircraft, which will begin delivering in 2013. The engine deal is valued at US$200 million at list prices.
- Spring Airlines Reports US$24.8 Million Net Income in 2011 First Half[Jul. 27, 2011]
Shanghai-based Spring Airlines posted net income of 160 million yuan (US$24.8 million) in the 2011 first half, down 6.3% from a net profit of 170 million yuan in the year-ago period, according to Chairman Wang Zhenghua.
- Hong Kong Airport June Passengers Up 5.8% Yr-On-Yr[Jul. 24, 2011]
Passenger traffic at Hong Kong's airport rose 5.8% in June from a year earlier because of a continued recovery of demand from visitors and Hong Kong residents, the city's airport operator said Sunday, though cargo volumes fell as exports declined during the month.
- Singapore Stocks Close 0.36% Lower[Jul. 25, 2011]
Stocks in Singapore closed 0.36 percent lower on Monday, as U.S. talks aimed at raising the country's debt limit fell apart, raising the spectre of a default.
- Air India's Performance Improved in June[Jul. 25, 2011]
Air India's performance has improved in terms of passenger load factor and revenue yield per kilometre in June as compared to the corresponding month last year but the national carrier is facing an estimated loss of 6,994 crore rupees. The airline has witnessed jump of 3.1% in passenger load factor (PLF) in June as compared to last year. The PLF this June was 72.4% as compared to last year's 69.3%.
- Ryanair Reports First Quarter Net Income of EUR139.3 Million[Jul. 25, 2011]
Ryanair Holdings Plc. reported net income for the first quarter of EUR139.3 million compared with EUR93.7 million in the year earlier period, according to a statement today.
- US Airways, United Continental, Alaska Profitable but Fuel Prices Drag on Earnings[Jul. 22, 2011]
- Air France-KLM Board to Meet on 100 Plane Order[Jul. 21, 2011]
Air France-KLM's board will meet on July 27 to discuss an order for 100 long-haul aircraft to be split between Airbus and Boeing, La Tribune reported without saying where it got the information.
- Embraer, China Minsheng Ink Deal for 20 Jets[Jul. 19, 2011]
Brazil's Embraer signed an agreement on Tuesday to sell as many as 20 executive jets to China Minsheng Banking Co., marking what may be the first deal for planes from its factory in China.