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Airline Finance / Data News Archive

Airline Finance / Data News Archive

AviancaTaca reports 1Q profit of $34.9 million
Edvaldo Pereira Lima
May 23, 2012

Bogota-based AviancaTaca Holding (AV), parent of Avianca, TACA, Aerogal and Tampa Cargo, reported a first-quarter net profit of $34.9 million, up 47.3% compared to the year-ago quarter.

Swedish Skyways Express ceases operations
Kurt Hofmann
May 23, 2012

Sweden’s Skyways Express (JZ) and subsidiary City Airline (CF) have stopped all flights and will file for bankruptcy, according to a statement on their website. CF was acquired by JZ last November.

Thai Airways removes president
Michael Mackey
May 23, 2012

Thai Airways International (TG) president Piyasvasti Amranand was removed from his post by the state-run carrier’s board Monday.

Qantas restructure splits domestic, international operations
Michael Mackey
May 23, 2012

The Qantas Group (QF) announced it will split the carrier’s international and domestic operations into two distinct businesses as part of its five-year transformation plan launched in August 2011.

Air China launches business jet subsidiary Beijing Airlines
Katie Cantle
May 22, 2012

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

Spanish investor acquires bankrupt Mexicana, may relaunch in June
1
Edvaldo Pereira Lima
May 22, 2012

Mexicana Airlines (MX), which suspended operations under severe financial distress in August 2010, may relaunch operations June 9 after Spanish hotel and air transport group Med Atlantica acquired 95% of the bankrupt carrier’s shares

Aeroflot reports $491 million profit in 2011
Polina Borodina
May 22, 2012

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

Ryanair posts record FY profit; warns of gloomy economic outlook
1
Alan Dron
May 22, 2012

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 €401 million in the year-ago period.

People
May 22, 2012

SR Technics named Andy Best head of Line Maintenance International, taking over from Antoine Gervais who becomes head of Operations Development. Line Maintenance International will now become an independent business unit.

Vueling promoted director-quality and safety inflight Fernando Val to COO and director-revenue Julio Rodriquez to director-network planning, revenue management and distribution.

Bankruptcy court approves Delta DIP loan to Pinnacle
1
Aaron Karp
May 21, 2012

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

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