Virgin Australia CEO John Borghetti to leave airline by 2020

VIRGIN Australia chief executive John Borghetti will leave his role in 2020, ending a decade at the company. The airline says Mr Borghetti will not renew his contract post January 1, 2020, giving it ample time to recruit an incoming chief executive and allow for an appropriate transition. The former Qantas executive, who joined Virgin […]

United Airlines CFO Levy resigns, and the company begins the search for a replacement

United Airlines Chief Financial Officer Andrew Levy has resigned and is leaving the company. The carrier will «immediately» begin a search for a permanent replacement, the airline said Thursday. The airline’s treasurer, Gerry Laderman, will take the role of interim CFO, the company said. United is the third-largest U.S. airline. Levy had been in the […]

GOL Airlines awarded 2017 Treasury Team of the Year

GOL Linhas Aéreas Inteligentes S.A. («GOL» or «Company»), (NYSE: GOL and B3: GOLL4), received the 2017 Airline Treasury Team of the Year Award yesterday. The award was given by the editorial board of Airfinance Journal (AFJ) and recognizes the Company’s efforts in right-sizing its balance sheet, enhancing its liquidity and culminating in the US$500 million […]

Pilots strike grounds 75 per cent of Brussels Airlines flights

Brussels: Brussels Airlines pilots began a two-day strike Monday, leading to the cancellation of 75 per cent of flights and affecting 60,000 travellers, the company said. The strike will affect three-quarters of the 278 scheduled arriving and departing flights on Monday and 279 flights on Wednesday, the Lufthansa group subsidiary said. The Belgium-based company, which […]

Brazil defense minister ‘certain’ of Boeing-Embraer tie-up

Brazil"™s Defense Minister Joaquim Silva e Luna said on Tuesday he is "certain" that planemaker Embraer (EMBR3.SA) will complete a deal for a tie-up with Boeing Co (BA.N) "this year" and that the talks are in "advanced stages." The Boeing and Embraer partnership would create a new company in which the U.S. planemaker would have […]

Boeing Reports Strong First-Quarter Results; Raises Cash Flow and EPS Guidance

The Boeing Company [NYSE: BA] reported first-quarter revenue of $23.4 billion reflecting higher commercial deliveries and mix, defense contract volume and services growth (Table 1). GAAP earnings per share increased to $4.15 and core earnings per share (non-GAAP)* increased to $3.64 reflecting strong performance across the company. The company’s cash flow guidance is increased to […]

Boeing CEO Dennis Muilenburg says that humans could get to Mars within a decade*

Boeing CEO Dennis Muilenburg says it"™s possible that humans will set foot on Mars in the next decade, and he"™s convinced the first people will get there on a Boeing-built rocket. Muilenburg"™s comments, made today during a Q&A at the first Politico Space conference, could be interpreted as yet another challenge to SpaceX CEO Elon […]

Air Canada Announces Nomination of Gary A. Doer to its Board of Directors

Air Canada is pleased to announce the nomination of Gary A. Doer to its Board of Directors to be voted on at its upcoming Annual Meeting of Shareholders («AGM») to be held on April 30, 2018 in Montreal, Quebec. Roy J. Romanow will retire from the Board at the conclusion of the company’s AGM after […]

Airbus to name new CEO at the end of the year

The board of Airbus will nominate a new CEO at the end of the year, the European aerospace company said on Tuesday as it pledged to implement an independent selection process. The announcement follows media speculation and political comments about the succession to German-born Tom Enders, with Airbus saying the choice of his replacement would […]

Avianca seeks to rename Aeromar as Avianca Mexico

Hernán Rincón, CEO of Avianca, has said that his airline aims to expand its presence in Mexico and Argentina. «We have found a possible entrance to Mexico through Aeromar, which is an existing regional airline and has the most precious thing that Mexico has to offer: slots at Mexico City", he said. «At the moment […]