Southwest Airlines posts $112 million profit in second quarter

IBA Group Limited   30th July 2010

Revenue is increasing, profit is growing and the future looks good at Southwest Airlines Co.

Aircraft industry is pulling out of tailspin

IBA Group Limited   23rd July 2010

After one of the worst years ever for the aviation industry, airlines and aircraft leasing companies went on a buying spree at the Farnborough AirShow, announcing orders worth nearly $30 billion, or more than three times last year's tally at the Paris Air Show. The two premier aviation gatherings alternate each year.

Airbus and Boeing battle for orders at Farnborough

Newswatch   16th July 2010

European aircraft manufacturer Airbus and its American competitor Boeing will renew their rivalry when they go head to head at the world’s largest air show at Farnborough next week.

Delta sells regionals Mesaba, Compass

IBA Group Limited   2nd July 2010

Delta Air Lines on Thursday sold regional carriers Mesaba Airlines and Compass Airlines for $82.5 million amid what some analysts say is a slowdown in regional airline growth in the past six years.

Spring Airlines leases jets from BOC

IBA Group Limited   25th June 2010

Airlines have started to look for domestic aircraft leasing firms - a break with the past when they would only lease from foreign companies.

British Airways, CitationAir launches new private jet service for BA customers

IBA Group Limited   18th June 2010

British Airways and CitationAir have launched a new private jet service for British Airways customers flying within North America and the Caribbean.

Emirates Places $11.5 Bln Order For Additional 32 Airbus A380 Aircraft

IBA Group Ltd   12th June 2010

Dubai-based Emirates Airlines said on Tuesday that it placed an order with Airbus, a unit of European Aeronautic Defence and Space Co. N.V., or EADS, for an additional 32 A380 aircraft. The order for the additional aircraft, which is the biggest single order for the superjumbo to date, is valued at US$11.5 billion.

Airline industry to recover in 2 years

IBA Group Limited   4th June 2010

The airline industry may recover in two years thanks to growth in markets outside Europe, the chief of the International Air Transport Association (IATA) said on Thursday.

Emirates Group marks record profit increase in 2009-10

IBA Group Ltd   21st May 2010

The Emirates Group has posted a record profit increase of 248 per cent, an outstanding result in a year fraught with worldwide market instability and economic uncertainty.

Iberia cuts losses by half

IBA Group Limited   14th May 2010

Iberia’s first quarter results, published on May 14, showed that consolidated net losses were down by almost half, to just 52.52 million euros, from the shortfall of 92.6 million posted in the first quarter of 2009.

Unions and shareholders can make bumpy road for United Continental Holding

IBA Group Ltd   7th May 2010

The new United Airlines will use the Continental Airlines logo on its planes, combining parts of both carriers as they try to market themselves as a bigger, better airline overseas.

Airlines have ordered too many new jets, say analysts

IBA Group Limited   30th April 2010

Airlines around the world have ordered too many new aircraft from Airbus and its American rival Boeing, say industry experts.

Talks between United Airlines and US Airways end as United eyes deal with Continental

IBA Group Limited   23rd April 2010

US Airways broke off talks with United Airlines after concluding that United seemed more interested in pursuing a merger with Continental, sources said yesterday.

Continental, United airlines talking merger again

IBA Group Limited   16th April 2010

Continental Airlines is again discussing a merger with United Airlines, two years after the Houston-based carrier abandoned similar talks and declared its desire to stay independent.

Boeing’s deliveries slip 11%

IBA Group Limited   9th April 2010

The Boeing Co.’s jet deliveries fell 11 percent in the first three months of 2010, compared to the same period last year.

EU, US commit to opening up airline markets

IBA Group Limited   26th March 2010

EU and US negotiators have agreed to engage in negotiations that would allow European investors to take majority control of US airlines in return for similar access to the EU market.

Cebu Pacific IPO gets SEC approval

IBA Group Limited   19th March 2010

The Securities and Exchange Commission has approved the multi-billion peso initial public offering (IPO) of Cebu Air Inc., the airline unit of tycoon John Gokongwei.

Air France, Ryanair in spat over aid to local airports

IBA Group Limited   12th March 2010

The French company said it has filed a complaint with the European Commission against Ryanair for allegedly receiving millions of Euros in illegal subsidies in exchange for using regional airports in France.

ATR 42-600 Begins Test Flight Campaign

IBA Group Limited   5th March 2010

The ATR 42-600 pre-series aircraft successfully took to the sky for the first time on Thursday. The aircraft, powered with Pratt & Whitney 127M engines, took off from Toulouse, France at 3.00 pm and completed a 2-hour flight, which marks the launch of a flight test campaign of approximately 75 hours.

Bombardier clinches big order for 40 C-Series jets

IBA Group Limited   26th February 2010

Bombardier Inc. said on Thursday that it has signed a highly anticipated $3.06 billion (U.S.) deal to sell 40 of its new C-Series planes to Republic Airways Holding Inc. and that it looks forward to more deals as the commercial aerospace market stabilizes.

JAL shares end final day at one yen

IBA Group Limited   19th February 2010

Shares in bankrupt Japan Airlines finished their last trading day at just one yen on the Tokyo Stock Exchange on Friday, marking another ignominious milestone in the carrier's decline.

Boeing considers 737 update

IBA Group Limited   12th February 2010

Expect a decision by midsummer on a new version of the world’s most popular jetliner, the 737, Boeing chairman Jim McNerney said Thursday.

BA announces £50m losses

IBA Group Limited   5th February 2010

British Airways has reported a smaller-than-expected quarterly loss of £50 million - but warned it still faces a record annual shortfall.

US Airways saw slight rebound in 4th quarter

IBA Group Limited   29th January 2010

Last year was a bruising year for airlines, with travel demand falling more than it ever had, but US Airways and other carriers ended the year on a relatively positive note.

Southwest, Continental Airlines show profit

IBA Group Limited   22nd January 2010

Southwest Airlines Co. and Continental Airlines Inc. posted fourth-quarter profits, helped by higher passenger traffic and lower fuel costs, but they said the road to recovery would be tough.

Korean Air to Rise on Fall of Japan Airlines

IBA Group Limited   15th January 2010

Korean Air, the nation's largest airliner, will likely emerge as a winner from the unprecedented worldwide economic slump in the Asia-Pacific region, on the back of a stronger won and the rapidly rebounding Korean economy, Daewoo Securities said Friday.

Ryanair says it will not buy 200 Boeing aircraft

IBA Group Limited   18th December 2009

Budget carrier Ryanair Holdings PLC announced Friday it has broken off negotiations with Boeing Co. to buy 200 more 737-800 short-haul aircraft after being unable to extract concessions from the manufacturer.

787 set to fly Tuesday

IBA Group Limited   11th December 2009

Two years late and after five major delays, the Boeing Co.’s 787 Dreamliner is tentatively set to make its first flight Tuesday, the company said late Thursday.

2009 jet order tally so far: Airbus 194, Boeing 91

IBA Group Limited   4th December 2009

Airbus’ commercial airplanes backlog got a boost in November when an unnamed customer ordered 52 of its single-aisle A320 jets.

Boeing issues aviation forecast

IBA Group Limited   27th November 2009

Boeing released its forecast on the economic growth and aviation market in the world over the next 20 years at a press conference in Ha Noi on Wednesday and it emphasised the estimated dramatic growth of air travel in Asia-Pacific and Southeast Asia, including Viet Nam.

Airbus, Boeing wooing United Airlines for plane order

IBA Group Limited   20th November 2009

United Airlines is close to placing its first aircraft order in more than a decade and has narrowed its search to two groundbreaking airplanes: Boeing's 787 Dreamliner or Airbus' counterpart, the A350-XWB, sources told the Tribune.

British Airways readies to tie knot with Iberia

IBA Group Limited   13th November 2009

British Airways and Spain's Iberia have signed a preliminary agreement for a $US7 billion merger to create the world's third-largest airline by revenue.

British Airways reports £292m six-month loss

IBA Group Limited   6th November 2009

British Airways (BA) has recorded a loss of £292 million before tax for the six months to September.

JAL to seek revival under state

IBA Group Limited   30th October 2009

After about a month of evaluating the assets of Japan Airlines Corp., the transport ministry and a reconstruction task force said Thursday that the struggling carrier needs to go through reconstruction under the Enterprise Turnaround Initiative Corp.

Iberia plans new airline for short, medium haul flights

IBA Group Limited   23rd October 2009

The Spanish national carrier Iberia has unveiled plans to create a new airline to handle its short- and medium- haul routes in an effort to reverse declining revenues, weak demand and mounting losses in the current economic crisis.

Dreamliner delays affect Boeing and its suppliers

IBA Group Limited   16th October 2009

When Boeing Co. unveiled plans to build the 787 Dreamliner, the aircraft was touted as revolutionary, a major technological shift in the way a plane is made and in the way it operates.

Aircraft cancellations plague Boeing

IBA Group Limited   9th October 2009

The Boeing Co.’s order book shrank by nine jet requests as the company again amassed more cancellations than new orders for the week ending Oct. 6. Boeing picked up an order for 11 of its single-aisle 737s from an unnamed customer but logged in cancellations for 20 aircraft. The company has a net total of 70 jets on order, which reflects 181 gross orders and 111 order cancellations.

Japan's first passenger jet lands big order

IBA Group Limited   2nd October 2009

An ambitious project to build Japan's first ever passenger jet received a huge boost on Friday, landing a 100-plane order worth up to 40 billion US dollars from a US regional airline.

Line of credit

IBA Group Limited   18th September 2009

AMR Corp., the parent of American Airlines, has received $2.88 billion in cash and financing commitments from its business partners and will restructure its network next year to eliminate less-profitable routes, company executives said Thursday.

THAI fails to transfer four long-range jets

IBA Group Limited   11th September 2009

Thai Airways International has failed in its most recent attempt to sell four long-range jets after the bidder low-balled the flag carrier, sources say.

Singapore Airlines delays A380 deliveries

IBA Group Limited   4th September 2009

Recession- hit Singapore Airlines (SIA) said it had agreed with Airbus to defer the delivery of eight A380 superjumbo jetliners by six to 12 months.

First Chinese airline goes bankrupt

IBA Group Limited   28th August 2009

East Star Airlines Co, a cash-strapped private regional carrier, has become the first Chinese airline to go bankrupt, state media reported on Friday.

787 will fly this year, Boeing tells two airlines

IBA Group Limited   21st August 2009

At least two airlines say they have been told by the Boeing Co. that its delayed 787 Dreamliner will fly by year’s end.

Southwest Airlines' Bid to Acquire Frontier Not Selected at Auction

IBA Group Limited   14th August 2009

Southwest Airlines confirmed on August 13 that its bid to acquire Frontier Airlines was not selected.

Japan Airlines announces billion-dollar loss

IBA Group Limited   7th August 2009

Japan Airlines, Asia's biggest carrier, said Friday that it lost one billion dollars in the last quarter as the global economic downturn and swine flu fears triggered a severe slump in demand.