As India’s Jet Airways gets closer to Delta Air Lines, Air France and KLM, the core founders of the SkyTeam alliance, further news of strengthening of these airlines’ 2009 partnership over the busy trans-Atlantic airspace. Delta will invest €375 million investment to acquire a 10% equity share in the Air France-KLM Group. In addition Delta will a seat on the …
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A SpiceJet spokesperson has confirmed that its year old passenger inter-line agreement with Singapore based low cost carrier TigerAir has been “terminated based on mutual decision [since SpiceJet’s] network changes made it no longer commercially worth doing.” As per reports in The Business Standard and The Economic Times, Tiger had terminated the agreement due to SpiceJet’s “non-performance”. The financially troubled …
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On Monday, Middle East Big 3 (MEB3) carrier Etihad Airways announced a record $62 million net profit for 2013, up 47.6% year-over-year (YOY) from $42 million in 2012. The carrier saw total revenue grow 27.1% YOY to $6.1 billion, while expenses rose 26.9% to $6.04 billion. Total capacity as measured in available seat kilometres (ASKs) grew 16.6% YOY while traffic …
Read More »By BA Staff Virgin Australia has expanded its codeshare agreement with Air New Zealand, adding its code to an additional 17 routes across New Zealand. Virgin Australia already codeshares to all Air New Zealand destinations in New Zealand however today’s announcement means that customers now have more choice than ever before on how to get to their destination. Virgin Australia …
Read More »By BA Staff Etihad Airways, the national airline of the United Arab Emirates, confirmed its equity stake in Virgin Australia Holdings had reached 19.9%. This follows a series of on-market purchases of Virgin Australia shares over recent weeks. The Abu Dhabi-based airline now holds more than 515 million shares in the airline. At 19.9%, Etihad Airways has reached the threshold …
Read More »By BA Staff SilkAir (MI), the regional airline of Singapore Airlines, will become the latest airline partner to join Virgin Australia’s Velocity frequent flyer program. From October 10, 2013 onwards, Velocity members will be able to earn points and status credits or redeem their Points on the SilkAir network across South East Asia, India and China. This includes the ability …
Read More »By BA Staff Virgin Australia today announced that it will commence direct flights between Brisbane and Cloncurry in regional Queensland on 27 November 2013. Virgin Australia’s 98 seat Embraer E190 jet will operate a return Brisbane-Cloncurry service on Wednesdays and Fridays. Virgin Australia Chief Commercial Officer Judith Crompton said: Cloncurry is an important regional centre that has seen strong growth …
Read More »by Vinay Bhaskara Image Credit: Paul Spijkers Australian airline group Qantas Group has reported an underlying pre-tax profit of AUD 192 million (US $171.5 million) for the year ended 30th June 2013, more than doubling from AUD 95 million for the year ending 30th June 2012. Broken up by segment, profit for Qantas mainline domestic fell 21% year-over-year (YOY) to AUD …
Read More »by Vinay Bhaskara Abu Dhabi based Etihad Airways has inked a code share with Nairobi based Kenya Airways, expanding access to second and third tier African destinations for its consumers. Etihad Airways will place its code on flights by Kenya Airways to 27 destinations across Kenya Airways’ African network. Meanwhile, Kenya Airways will place its code onto 32 onward destinations …
Read More »by Vinay Bhaskara Etihad Airways Boeing 777-300ER — Image Credit Etihad Airways Abu Dhabi based Eithad Airways reported its second straight year of profitability, with calendar year 2012 witnessing a net profit of US $42 million (versus $14 million), on revenues of $4.8 billion (up from $4.1 billion in 2011). Full year EBITDAR (earnings before interest, taxes, depreciation, amortization, and …
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