Air India’s newly named CEO Ilker Ayci is withdrawing from the role before his tenure has officially begun. According to a Reuters report, Ayci has decided he will not take the CEO job after all.
Russia Bans European Carriers In Response To EU Sanctions
Credit: Andrej Isakovic/AFP via Getty Images
Retaliating to the EU’s closing of its collective airspace to Russian carriers, Russia has closed its airspace to airlines from three dozen countries. Russia’s Federal Air Transport Agency Rosaviatsiya on Feb. 28 announced it was expanding its ban on flying over Russian territory airlines to 36 countries.
Canadian regional aviation specialist Chorus Aviation is to acquire UK-headquartered lessor Falko Regional Aircraft for $855 million, with investment firm Brookfield Asset Management slated to take a 12.5% stake in Chorus once the deal completes.
Daily Memo: What Comes Next For Chinese Air Transport After Winter Olympics?
Credit: Annice Lyn/Getty Images
Following a barrage of fireworks that wrote “One World” in the sky during the closing ceremony, the two-week-long Beijing Winter Olympics concluded Feb. 20. In the days after, athletes and officials left the capital as they had entered; within a strict closed-loop, flying out of Beijing via charter flights to 15 cities around the globe.
Lilium Partners With NetJets On eVTOL Fractional Ownership, Ops
Credit: Lilium
Lilium is modifying the design of its electric air taxi, building a third demonstrator to accelerate flight testing and partnering with NetJets to offer the vertical takeoff Lilium Jet for private and business aviation.
IATA Outlook Sees Passenger Levels Returning To Normal In 2024
Credit: Rob Finlayson
IATA’s latest estimate of the returning global passenger market continues to set 2024 as the point at which traveler numbers finally outstrip those of 2019. The organization anticipates passenger numbers will reach 4 billion in two years’ time, reaching 103% of pre-pandemic levels.
Etihad Airways is looking to a strong 2022 as traffic returns post-pandemic, the company’s Group CEO said March 1. “Despite the slowdown caused by omicron, we are confident that the spring and summer season will continue to see a resurgence in travel as more people return to the skies,” Tony Douglas predicted.
Emerald Airlines Launches Aer Lingus Flying Ahead Of Schedule
Credit: Aer Lingus
Irish startup Emerald Airlines has undertaken its first flight, as it gears up to operate to a series of UK destinations. The Dublin-based airline is flying under the Aer Lingus Regional banner, replacing Stobart Air in that role.
Russia-Ukraine Hits Lessors, MRO Hard, Most Carriers Less So
Credit: Aercap
A webinar presented by aviation analytics company IBA on March 1 summarized some of the effects of the Ukraine-Russia crisis as can be ascertained so far.
Sanctions Set To End Russia’s Strong Airline Recovery
Credit: Airbus
Sanctions targeting Russia’s airlines and broader economy in response to the country’s invasion of Ukraine will disrupt one of the strongest post-downturn domestic-market recoveries and put much of its international flying—more than a quarter of the market’s airline activity—at immediate risk, an Aviation Week analysis shows.
New Air India CEO appointee declines job, Russia bans European carriers in response to EU sanctions and more. Take a look at the daily roundup of air transport news.
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