ATW Daily News

Ryanair posts record FY profit; warns of gloomy economic outlook

Irish-based low-cost carrier Ryanair (FR) has announced a 25% leap in annual post-tax profits to a record €503 million ($641 million), compared to...

Air China launches business jet subsidiary Beijing Airlines

Air China (CA) has launched Beijing Airlines after a one-year trial operation to enhance its position in the fast-growing domestic business...

Spanish investor acquires bankrupt Mexicana, may relaunch in June

Mexicana Airlines (MX), which suspended operations under severe financial distress in August 2010, may relaunch operations June 9 after Spanish...

FAA reconsidering cargo pilots’ exemption from new fatigue regulations

FAA is reconsidering its exemption for cargo carriers from its pilot flight time, duty and rest regulations, conceding that it made “errors” in...

Qantas to consolidate maintenance facilities; cuts 500 jobs 1

Qantas (QF) will consolidate heavy maintenance work into Brisbane (BNE) and Avalon (AVV), the Australian carrier said in a statement.

Aeroflot reports $491 million profit in 2011

Russia’s Aeroflot (SU) has reported a 2011 profit of $491 million, up 94% from a $253 million profit in the year-ago period.

Interjet still set on SSJ100

Interjet, the launch airline of the Sukhoi Superjet 100 in Latin America, said it will continue with plans to incorporate the aircraft into its...

FAA proposes $395,850 civil penalty against US Airways

The FAA is proposing a $395,850 civil penalty against US Airways (US), of Tempe, Ariz., for allegedly violating US Dept. of Transportation...

People

SR Technics named Andy Best head of Line Maintenance International, taking over from Antoine Gervais who...

Bankruptcy court approves Delta DIP loan to Pinnacle 1

A US bankruptcy court approved Delta Air Lines’ (DL) $74.3 million in debtor-in-possession (DIP) financing for Pinnacle Airlines Corp., a...

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