• Airbus

    Airbus, owned by Franco German EADS, is to double the amount of vendor financing it offers to about US$2.64 billion next year, the Financial Times reported. The financing is aimed at supporting commercial aircraft sales and maintaining deliveries as...... Read More
  • Americas : Boeing strike deadlock more bad news

    Airlines waiting for Boeing aircraft deliveries have no immediate hope in sight as the strike at the US planemaker’s Everett assembly plant near Seattleappears no closer to a resolution. This follows the adjournment of a second round of mediated...... Read More
  • Europe & CIS : Air Berlin, S7 and Niki join forces

    S7 Airlines, Air Berlin and Austria’s Niki are entering into a broad codesharing alliance, ending S7’s bid for Austrian. Air Berlin and Niki will put their codes on many of S7’s Russian domestic routes while S7 will grow its...... Read More
  • Singapore : Tiger eyes new Asia/Oz routes

    Tiger Airways announced that its delegation at the recent World Route Development Forum in Kuala Lumpur would be in discussions with airports from Hong Kong, Taiwan, Cambodia and Australia as it seeks to extend its reach in the Asia-Pacific...... Read More
  • Alitalia

    Alitalia has sufficient liquidity to operate until the start of December, the Italian airline’s bankruptcy commissioner told trade unions recently, according to Reuters. Augusto Fantozzi also told the unions that he hoped to wrap up the sale of Alitalia...... Read More
  • Americas : Delta also slides into the red

    US carrier Delta – which is set to become the world’s biggest airline by traffic when the Northwest deal is completed – has reported a net loss of US$50 million for this year’s third quarter, compared to a profit...... Read More
  • Europe & CIS : S7 phases out Russian-built fleet to stay airborne

    Russia’s second largest carrier in terms of passenger numbers, S7 Airlines, plans to phase out the last of its 35 Russian-built aircraft, including 27 Tu-154s and eight Il-86s, due to lower passenger demand. S7 will reduce its maintenance costs...... Read More
  • China : China East books loss for Jan-Sept period

    China Eastern Airlines Corp Ltd said it expects to book a net loss for the first nine months of 2008 under Chinese accounting standards. The airline said in a statement to the Shanghai Stock Exchange that its operations had...... Read More
  • LTE Internationa

    Spanish airline LTE International has suspended all operations after informing Spanish authorities it was in serious financial difficulty. “LTE International Airways SA wish to inform you that due to the financial situation of the company… we have had to...... Read More
  • Americas : Northwest blames loss on fuel hedges

    Northwest Airlines reported a thirdquarter net loss of US$317 million, reversed from a US$244 million profit a year earlier, citing a US$410 million noncash charge related to fuel hedging as the reason. Third-quarter revenue rose 12.4 per cent to...... Read More