Airline

Passenger numbers for Turkish Airlines surged sharply in the first quarter of 2016 despite rising geopolitical tensions in the region, a stock exchange filing report showed April 14.

Air France-KLM is getting good traffic volume and has seen no major impact from attacks on the Brussels airport and underground system last week, its chief executive told Reuters.

Scheduled flights between Russia and Turkey by the two countries' flag carriers have dropped almost 50 percent along with the number of passengers after the downing of Russian jet by Turkey on Nov. 24, 2015, a tourism official has said. 

Hannover Airport in northern Germany has been closed due to a bomb alert involving a passenger plane of Turkish Airlines which took off from Istanbul, according to German authorities.

The number of passengers traveling on Turkey's national carrier rose by 11.2 percent to 9.2 million in the first two months of the year compared to the same period of 2015, Turkish Airlines said in a written statement to the Public Disclosure Platform (KAP) on March 15. 

Turkey's national flag-carrier, Turkish Airlines, announced a record operating net profit of 2.99 billion Turkish Liras ($1.01 billion) for last year on March 1, with a 65 percent increase from a year earlier.

This was the first time the annual profit of the company exceeded $1 billion. 

The gross real operating profit stood at $895 million, another record for the company. 

Russian company S7 Airlines is considering a possible entry into the shareholding structure of an unnamed Bulgarian air carrier to conduct flights from Moscow to Europe via Ukraine, TASS reported on Thursday.

There are several Bulgarian airlines operating in the market which could be sold, the Russian news agency quoted S7 Airlines co-owner Natalia Fileva as saying to reporters.

Airbus and Boeing announced billion-dollar deals at Asia's largest airshow in Singapore on Feb. 17, underscoring the region's role as a driver of industry growth despite greater caution among plane buyers.

Europe's Airbus said it had won a $1.85 billion deal for the purchase of six A350-900s by Philippine Airlines (PAL), the flag carrier of one of Asia's fastest-growing economies.

The success of Turkish Airlines, the country's national flag carrier, has become a case study at Harvard Business School (HBS), one of the world's most prestigious institutions.

EU Commission wants mandate for deals with Turkey and Gulf countries on a "fair competition clause" on agreements, arguing that state subsidies are breaking the competitionThe European Union is seeking tough limits on public subsidies to airlines and the option of revoking their traffic rights as part of new commercial aviation agreements it wants to negotiate with several countries including T