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All News

February 14, 2013

American Airlines And US Airways Finalize Merger

Creates World's Largest Airline, 72 Percent Owned By American's Creditors

AMR Corporation, the parent company of American Airlines, Inc., and US Airways Group, today announced that the boards of directors of both companies have unanimously approved a definitive merger agreement under which the companies will combine to create the world's largest airline, which will have an implied combined equity value of approximately $11 billion based on the price of US Airways' stock as of February 13, 2013.

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Ex-Im Approves Over $500 million To Finance Export Of U.S. Aircraft To Russia

Boeing Hopes To Sell A Fleet Of 777s To Aeroflot

The board of the Export-Import Bank of the United States (Ex-Im Bank) voted to guarantee a loan of more than $500 million provided by Apple Bank for Savings to OJSC VEB Leasing (VEBL) of Moscow for the export of a fleet of Boeing 777 aircraft to Russia to be operated by Aeroflot Russian Airlines (Aeroflot). Boeing delivered the first of the aircraft earlier this month.

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Boeing, Icelandair Finalize Order For 16 737 MAX Airplanes

Carrier To Operate Both 737 MAX 8s and 9s

A firm order for 16 737 MAX airplanes was announced Wednesday by Iceland Air and Boeing. The order is valued at more than $1.6 billion at list prices.

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Heathrow Eyes Fee Increases For Passengers

Could Rise More Than 40 Percent To Help Pay For Investments

London's Heathrow Airport is planning to hike passenger charges by more than 40 percent by the end of the decade in an effort to help pay for an investment plan that amounts to $4.7 billion.

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Avianca Takes Delivery Of 'Sharklet' Equipped A320

First In Latin America To Receive Modified Airplane

Colombia-based airline Avianca has taken delivery of its first "Sharklet" equipped A320, becoming the first Latin American carrier to begin flying an A320 equipped with the wing-tip devices. The airplane, powered by CFM engines, was delivered in Toulouse, France.

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Horizon Air Passenger Service Agents Ratify Three-Year Contract

Agreement Covers Employees In Vancouver And Victoria, B.C.

Horizon Air passenger service agents in Vancouver and Victoria, B.C., who are represented by the Canadian Auto Workers, have ratified a new three-year contract. All of the 44 agents at the two airports who participated in the ratification vote approved the contract, which expires on Feb. 14, 2016.

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