Russia’s Transaero Airlines reported a 2015 first-half net loss of RUB3.2 billion ($57.6 million), narrowed from a RUB10.4 billion net loss in a year-ago period. First-half revenue grew 5.1% to RUB50.7 billion.
Passengers carried in the first half remained flat year-over-year—5.8 million. RPKs decreased 11% to 19.3 billion.
Transaero reported its first-half capital is negative—RUB52.6 billion—compared to a positive capital of RUB4.8 billion in the 2014 first half. Loan sums and financial lease liabilities have grown 59.6% to RUB149.9 billion from RUB93.9 billion in the year-ago half. Operational lease liabilities have increased 84.9% from RUB24.5 billion to RUB45.3 billion.
On Sept. 3, Aeroflot agreed to be involved in the restructuring of Transaero, due to its debt burden. The board decision came three days after it agreed to acquire 75% plus one share of Transaero for RUB1 (1.53 US cents).
United and CAE celebrated the first phase of expansion at the world's largest pilot training facility, adding 40 new CAE training devices (a combination of full-motion and fixed simulators) since...
WestJet completed the transformation of its remaining all-economy aircraft, fulfilling its commitment to update the interior of all aircraft that were formerly operated by Swoop or Sunwing airlines. T...
ATP Flight School has reintroduced its 100+ Hour Multi-Engine Airline Career Pilot Program at select training centers, bringing students multi-engine flight time at single-engine prices.&nbs...
TravelX announced that Kaszek, Latin America's leading venture capital firm, made a substantial investment in its platform, bringing the company's total funding to $45 million. The invest...
