Boeing beats 2nd-qtr profit estimatesSEATTLE - Boeing Co reported a greater-than-expected 3 percent increase in second-quarter profit and raised its full-year earnings forecast on Wednesday as rising airplane deliveries and defense sales offset higher pension costs.
Singapore Air swings to profit, outlook still bleakSINGAPORE - Singapore Airlines Ltd , the world’s No.2 carrier by market value, warned that profits at its cargo and passenger units remain under pressure even as the rival to Emirates and Qatar Airways swung to an overall quarterly profit from a loss in the preceding three months.
Qatar Air, Hainan vie for Saudi domestic flightsQatar Airways and China’s Hainan Airlines are among carriers vying to offer domestic flights in Saudi Arabia after an initial 14 applicants were cut to a shortlist of seven, the kingdom’s aviation regulator said.
Etihad gets nod to double stake in Virgin AustraliaEtihad Airways will be able to double its stake in Virgin Australia Holding, as Australia’s Foreign Investment Regulator has given its nod.
Emirates and Rockwell Collins in flight simulator dealEmirates has entered into an agreement with Rockwell Collins for the provision of new image generation and projection systems for the airline’s fleet of high-tech, full flight simulators.
Gulf airlines set sights on Saudi aviation boomSaudi Arabia’s push towards an open skies policy is attracting the interest of major airlines in the Gulf and raising hopes that overbooked flights that have characterised air travel across the country could soon be a thing of the past.
Jazeera Airways keeps market share leadAward-winning Jazeera Airways on Monday issued its operational performance report for the second quarter of 2012, which showed that the airline has continued to grab leading market shares to the destinations it serves.
Japan Airlines dismisses budget airlines threatHONG KONG — Japan Airlines said on Tuesday the country’s booming budget carrier market would not pose a “tremendous” threat to the flag carrier, which went bust in one of the nation’s biggest-ever bankruptcies.
US proposes $13.6m fine on Boeing for tank guidance delaysWASHINGTON — The US Federal Aviation Administration, or FAA, proposed to fine Boeing $13.6 million, its second-largest penalty ever, for delays in telling airlines how to prevent fuel-tank explosions on 383 aircraft.
Austrian initiates aircraft switch planVIENNA — Austrian Airlines said it has begun its switch from Boeing 737 to Airbus 320 planes for medium-haul flights, as it streamlines its fleet as part of an accelerated restructuring under owner Lufthansa.