The Trump administration has proposed its Air Traffic Control Reform Initiative June 5, formally setting forth a plan to remove US air traffic control (ATC) from FAA oversight, replacing it with a non-profit, independent entity.
IATA has revised its global airline industry profit forecast for 2017 upwards by 5.4% to a net profit of $31.4 billion, citing a stronger than expected world economy.
Despite earnings pressure on many Asia-Pacific region airlines in 2017, the annual collective profit for this region is likely to be similar to 2016’s, according to a prominent industry leader.
Success in Cuba is a “middle- to long-term” prospect for airlines, particularly for US carriers that launched service to Cuba after the market was reopened to US commercial flights last year, according to IATA regional VP-Americas Peter Cerda.
Russia’s S7 Airlines announced a codeshare agreement with newly launched Cyprus Airways, which began operations June 1 with a Larnaca-St. Petersburg Airbus A319 service.
Malaysia Airlines Berhad said it has received global interest from the tourism industry to be part of a dedicated Airbus A380 charter business concept targeting pilgrimage traffic.
Emirates Airline, Etihad Airways, Saudia, Gulf Air, flydubai and Air Arabia were among the airlines that ceased flights to Qatar, effective June 5, after Middle East states surrounding Qatar severed diplomatic links with the country and closed neighboring airspace.
Kazakhstan’s Air Astana has resumed flying between the Kazakh capital, Astana, and Kiev, Ukraine—three years after suspending the service in the wake of the shootdown of Malaysia Airlines flight 17, a Boeing 777-200ER.
Etihad Airways has introduced an Airbus A380 on its second daily flight from Abu Dhabi to New York JFK, replacing a three-class Boeing 777-300ER on one of the airline’s twice-daily services.
Malaysia Airlines said it saw steady progress in the 2017 first quarter, even though it was a “tough” quarter with intensifying competition, higher fuel prices and adverse foreign exchange impacting its performance.
AviaAM Leasing—a Warsaw Stock Exchange-listed aircraft leasing company—has reported rapid growth in 2016 with a significant increase in business volumes.
Emirates Airline has confirmed its new Boeing 777-300ER first-class product will feature six private suites configured in a 1-1-1 layout, compared to the eight private suites in a 1-2-1 layout on its existing 777 fleet.
