Japanese authorities on Friday followed the U.S. Federal Aviation Administration in formally approving Boeing’s modifications to the 787’s battery system.
American Airlines CEO Tom Horton issued an online video apology following a failure of the company’s computer systems last Tuesday, forcing the virtual seizure of its network. The outage affected both mainline American and its American Eagle regional affiliates, which together canceled some 1,000 flights–amounting to nearly two-thirds of the company’s daily operations–and delayed roughly 1,100 by early Tuesday evening.
International Airline Group (IAG) and British Airways have signed a memorandum of understanding (MoU) calling for the purchase of 18 Airbus A350-1000s along with options on another 18, Airbus announced Monday.
Continued weak demand for large passenger and freighter airplanes has convinced Boeing to slow production of its 747-8 from a rate of two airplanes per month to 1.75.
The company expects to deliver the first airplane built at the new rate early next year. It said it doesn’t expect to move to result in a “significant” financial impact.
International Airlines Group (IAG) confirmed on Thursday that it has reached an agreement with Boeing that calls for the conversion of options on eighteen 787s to a firm order.
The world’s airlines will achieve somewhat higher than expected profits this year, according to the latest projections from the International Air Transport Association (IATA). The industry group now expects its members to post a combined net post-tax profit margin of 1.6 percent this year (up from the earlier projection of 1.3 percent) on net income of $10.6 billion (up from $8.4 billion).
The proposed merger of American Airlines and US Airways will no doubt undergo close scrutiny by antitrust regulators and face particularly vigorous opposition from consumer advocacy groups. Even supporters concede that the effort toward creating the largest airline in the world will face obstacles.
The boards of AMR Corporation and US Airways Group have unanimously agreed to move forward with the long-anticipated merger of their American Airlines and US Airways subsidiaries, the companies announced Thursday morning.
All Nippon Airways and Japan Airlines have grounded their entire fleets of Boeing 787s following an emergency landing this morning by an ANA Dreamliner in western Japan.
In seeking to consummate its proposed strategic alliance with Delta Air Lines, Virgin Atlantic Airways aims to head off the challenge posed by the formidable pairing of British Airways and American Airlines. So who did Virgin chairman Sir Richard Branson recruit to succeed retiring CEO Steve Ridgway? Why, naturally, a senior American Airlines executive in the shape of senior vice president for customers Craig Kreeger, who assumes his new role from February 1.