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ATW
Daily News
Business news and events affecting the global airline industry

November 10, 2016

ATW News â For latest news go to ATWOnline.com

Turkish Airlines posts 9-month $463 million net loss

Istanbul-based Turkish Airlines reported a nine-month 2016 net loss of $463 million, reversed from a net profit of $877 million in the year-ago period.

FULL ARTICLE

GE’s TrueChoice™services suite offers an unmatched breadth of services and materials.

We work with operators, lessors and MROs to create tailored engine service offerings. Discover true choice at geaviation.com/truechoice.

Hainan Airlines 3Q net profit nearly doubles

China’s Hainan Airlines reported a third-quarter net profit of CNY1.7 billion ($251 million), nearly doubled from a net income of CNY887.3 million in the year-ago quarter.

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Bombardier narrows 3Q net loss, commercial aircraft revenue up 12%

Canadian manufacturer Bombardier reported a consolidated net loss of $94 million for the third quarter of 2016, narrowed from the company’s consolidated $4.9 billion net loss in 3Q 2015.

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BP takes $30 million stake in US bio-jet producer

UK-based oil company BP is taking a stake in a California manufacturer of low-carbon jet fuel.

FULL ARTICLE

BOC Aviation starts purchase-and-leaseback deliveries to Air China

Singapore-based lessor BOC Aviation has delivered a Boeing 777-300ER to Air China, the first in a batch of five aircraft leased to the carrier under a purchase-and-leaseback arrangement first announced in October.

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Other News

ATW Plus (Premium Content)

Ethiopian in talks with partner airlines for possible JVs

Ethiopian Airlines is in talks over possible joint ventures in a number of African countries, including Botswana, Mozambique, Democratic Republic of Congo (DRC), Republic of the Congo, Rwanda, Uganda, Zambia and Zimbabwe.