Turkish Airlines to sublease eight Airbus A330-200s to cut costs

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Daily News
Business news and events affecting the global airline industry

December 1, 2016

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Turkish Airlines to sublease eight Airbus A330-200s to cut costs

Turkish Airlines has taken eight Airbus A330-200s out of service as part of a sublease plan to cut costs following a net loss of $463 million in the first nine months of 2016, reversed from a net profit of $877 in the year-ago period.

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Russiaâs STLC orders L-410s, to lease SSJ100s

Russia’s State Transport Leasing Co. (STLC) has placed an order for five Let L-410 aircraft with Russia’s Ural Works of Civil Aviation (UWCA), in a deal valued at RUB2 billion ($30.7 million) at list prices.

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Delta pilots approve labor contract

Delta Air Lines’ pilots approved a new labor contract Dec. 1, according to the Air Line Pilots Association (ALPA).

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Belavia Belarusian Airlines to retire Tu-154 aircraft by year-end

Belavia Belarusian Airlines will retire its Tupolev Tu-154 aircraft on Dec. 28.

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Danish charter carrier Jet Time downsizes business, staff

Denmark-based charter airline Jet Time has discontinued its cargo and ACMI business units for SAS Scandinavian Airlines in an effort to save the carrier.

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ATW Editorâs Blog

Five priorities for the next US Transportation Secretary

Karen Walker

The US President-elect’s nomination of Elaine Chao to be Department of Transportation Secretary seems to have broad support and will likely be an uncontentious nominee with the Senate.

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Other News

Newly launched Cyprus Airways takes first A319 Atlas Air to fly transpacific routes for Nippon Cargo Airlines SAS Scandinavian Airlines executes leaseback on more aircraft MRO Briefs-Dec. 1, 2016

ATW Plus (Premium Content)

Arab carriers fear protectionist trend

Fears that nations will build barriers to protect their national carriers were expressed during the annual meeting of the organization representing Middle East airlines.

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