ATW Daily News ATW
Daily News
Business news and events affecting the global airline industry |  |
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ATW News - For latest news go to ATWOnline.com |  Chicago-based United Airlines has agreed to pay the US government a financial penalty of $2.25 million for its conduct related to a federal bribery case, but will not be prosecuted criminally in the matter.
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|  Doha-based Qatar Airways has reached an agreement to take a 49% stake in Italian carrier Meridiana.
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|  Airbus came out on top at the 2016 Farnborough Airshow, reporting $35 billion in orders for a total of 279 airliners. Boeing saw firm orders and commitments for a combined 182 commercial aircraft at Farnborough, valued at $26.9 billion.
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| Alaska Airlines president and COO Ben Minicucci will additionally take on the role of Virgin America CEO when Alaska Air Group’s acquisition of Virgin America closes. FULL ARTICLE |
|  Delta Air Lines posted second-quarter net profit of $1.55 billion, up 4.1% over $1.49 billion in net income in the 2015 June quarter.
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| Air France-KLM Group has signed a new agreement with China Eastern Airlines to include Netherlands-based KLM in the existing joint venture between the French and Chinese carriers. FULL ARTICLE |
Other News Farnborough Airshow Briefs Pratt & Whitney said it has signed a deal with an undisclosed lessor for a mix of PW1100G geared turbofan (GTF) and V2500 engines to power up to 32 Airbus A320neo family aircraft/A320ceo family aircraft. Pratt did not breakdown the mix of A320neos and A320ceos. GE Aviation and its joint venture companies announced orders/commitments at Farnborough for more than 800 GE/CFM engines, plus TrueChoice maintenance contracts, worth over $25billion.
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