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Brazil airline Gol posts heavy 2018 loss

Posted By Tony Sanchez / Airlines / 0 Comments

February 28, 2019 Brazil’s largest airline, Gol Linhas Aereas Inteligentes, suffered a loss of 1.1 billion reais in 2018, the company said on Thursday, though it generated net income of 580 million reais ($155.7 million) in the final quarter. Losses were at the higher end of what was expected. Earlier this year, Gol told investors […]

Premium products performing well for IAG Cargo

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February 28, 2019 Commercial revenue at IAG Cargo increased by 7.2% to €1.1 billion with a strong start to 2018, though growth slowed as the year progressed. Cargo increased by 0.2% to 702,000 tonnes with yields improving by 8.1%, with premium products performing well, with investments in a new Constant Climate Center in Madrid, a […]

Airline Vistara halts service to north Indian cities amid tensions

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February 27, 2019 Indian airline Vistara said on Wednesday flights to and from four cities in northern India are on hold as tensions between nuclear-armed neighbours India and Pakistan escalate. “Due to airspace restrictions, flights to and from Amritsar, Srinagar, Chandigarh and Jammu are currently on hold,” Vistara, a joint venture between India’s Tata Sons […]

LATAM Cargo connects Chicago with Campinas

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February 25, 2019 LATAM Cargo has opened a direct link from Chicago to Campinas, Brazil cutting transit times to less than 17 hours. The Wednesday and Sunday Chicago-Campinas route will have the capacity to carry 100 tonnes per week using a Boeing 767-300 Freighter. Chicago is the 7th gateway to the US, together with Miami, […]

AirBridgeCargo adds Dhaka to Asian network

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February 25, 2019 AirBridgeCargo Airlines (ABC) is extending its footprint in Asia with twice-weekly flights to Dhaka, Bangladesh to cater for westbound exports. The Bangladeshi capital is ABC’s 14th Asian destination and extends the airline’s ability to provide cargo deliveries to Europe, Russia and the USA. The flight will be operated in conjunction with ABC’s […]

Thai AirAsia owner in talks to buy stake in rival Nok Air

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February 25, 2019 Thailand’s Asia Aviation PCL , the majority owner of low-cost carrier Thai AirAsia, on Monday said it was in talks to buy a stake in rival Nok Airlines PCL, sending Nok’s share price up as much as 13 percent. The announcement comes as a tourism boom in Thailand stokes competition among carriers. […]

Colombia’s Avianca says halts due diligence for Avianca Brasil merger

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February 22, 2019 Colombia’s Avianca Holdings SA said on Friday that it has suspended due diligence for a long-planned merger with Avianca Brasil, which operates independently and is going through bankruptcy protection proceedings. Avianca also said it would sell its fleet of Embraer planes as it seeks to curtail growth in the future. The airline […]

Lufthansa maintenance unit to build engine repair plant in Hungary

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February 21, 2019 Lufthansa Technik, the commercial aircraft maintenance unit of German airlines group Lufthansa AG, will invest 43 billion forints ($154 million) to build an engine repair and overhaul plant in Hungary, the Hungarian foreign ministry said. The plant, to be built in the eastern Hungarian town of Miskolc, will employ 400 people, the […]

United bids for six new slots at Tokyo’s Haneda airport

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February 21, 2019 United Continental Holdings is applying for six of 12 new slots open to U.S. carriers at Tokyo’s Haneda International Airport in a push to increase daily nonstop flights to the Japanese capital ahead of the 2020 Olympic Games and beyond. Haneda is located closer to downtown Tokyo than the capital’s other international […]

With new decree, LATAM Airlines Brazil officially passes to Chilean hands

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February 20, 2019 Chile’s LATAM Airlines Group SA has asked Brazil’s antitrust regulator Cade to boost its voting stake in LATAM Airlines Brazil to 51 percent, formalizing a controlling interest in Brazil’s No. 2 airline that for years it was unable to achieve because of local restrictions. In December, Brazil’s then-President Michel Temer signed an […]