Aviation supplier and defense contractor TAT Technologies Ltd. said Monday it lost $1 million in the fourth quarter because of general weakness in the aviation industry.

The loss, which amounts to 12 cents per share, compares with a net income of $700,000, or 12 cents per share, a year earlier. TAT, based in Israel, said its revenue dropped 41 percent to $18.4 million.

For the full year, TAT reported net income of $1.8 million, or 22 cents per share, down from profit of $4.3 million, or 65 cents per share, in 2008. Its full-year revenue fell 20 percent to $83.1 million.
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Rising demand will reduce carriers’ red ink to $5.6 billion, the International Air Transport Assn. predicts. A U.S. group, citing volatile fuel prices, is not so optimistic.

The airline industry will rebound modestly next year, losing only about half of what it is expects to lose in 2009, a trade group predicted Tuesday.
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Shares of struggling carrier Japan Airlines Corp. touched a new all-time low Friday as investors spooked by the state of its balance sheet shrugged aside government assurances that a state-backed restructuring plan is coming together smoothly.
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Low cost carrier Air Asia announced Wednesday a four-day promotional sale to celebrate additional flights that will be scheduled during the year-end holiday period.

From 19 November 2009, AirAsia will permanently increasing flight frequencies to Johor Bahru and Penang from the Kuala Lumpur hub.
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Korean and Turkish aviation authorities have agreed to increase weekly flights between Seoul and Istanbul to seven times a week from the present four times.

The two sides also decided to introduce the multiple designations of airlines.

The decision to that effect was made during the bilateral aviation talks held in Istanbul, Turkey on Oct. 1, 2009.
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Dan Smith has worked at the airport, in a maintenance hangar and now, at an airline union, so he doesn’t need fancy forecasts or the latest economic statistics to gauge the health of the industry.

Smith, business agent for Teamsters Local 104, keeps an eye on airfares. Right now he doesn’t like what he sees: coast-to-coast trips under $200 round-trip – half-price sales at even the healthiest carriers. (continue reading…)

Russian Aviation canceled the airline operator certificate of ‘KD Avia’.

The aviation authorities of Russia recommend to ‘KD Avia’ passengers return their tickets to the sale point. This information is available on the Russian Aviation’s website. According to the website, on September 1, 2009, KD Avia stopped selling tickets for its flights, and officially notified the Federal Air Transport Agency of the forced suspension of operations due to the inability to finance its own resources. (continue reading…)

Workers at an Indian airline have pledged to take strike action to defend two colleagues who were sacked following their involvement with a newly formed pilots’ union.
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China Eastern Airlines, the weakest of the country’s three biggest airlines, wants to sell a roughly 30 percent stake in regional carrier Happy Airlines to alleviate its strapped finances, company sources said on Tuesday. (continue reading…)