No one can argue that the airline industry isn’t ferociously competitive and relies heavily on innovation – particularly with aircraft -- to gain market advantage.
European turboprop aircraft manufacturer ATR said a prototype ATR 72 conducted a demonstration flight to test an all-electrical energy management system that aims to optimize electrical power distribution.
International Airlines Group (IAG)—parent company of Aer Lingus, British Airways, Iberia and Vueling—reported a 51.5% rise in 2015 net profit to €1.52 billion ($1.66 billion), compared to €1 billion in 2014.
Indianapolis-based Republic Airways Holdings, the parent company of regional carriers Republic Airlines and Shuttle America, has filed for Chapter 11 bankruptcy protection.
Central European budget carrier Wizz Air is installing an advanced Airbus A320 family aircraft cockpit simulator at its crew training center in Budapest, which will be operational this summer.
Saudi Arabia’s aviation regulator, the General Authority of Civil Aviation (GACA), has signed a management and operation agreement for Ireland-based DAA International to run the new Terminal 5 at King Khalid International Airport (KKIA) in Riyadh.
Russia’s five biggest airlines—Aeroflot, S7 Airlines, UTair, Ural Airlines and Pobeda—collectively carried 3.75 million passengers in January, for a market share of 67.8%, up from 53.4% in the year-ago month.
Being profitable is not something airlines should have to apologize for, the chief of IATA said at an aviation conference in New York Feb. 25. Speaking at the Aviation Day conference, IATA CEO and DG Tony Tyler said the airline industry was changing – and becoming more sustainably profitable—because of “a lot of hard work and the confluence of some key factors.”
The new $1.2 billion Concourse D has opened at Dubai International Airport, increasing capacity at the airport from 75 million to 90 million passengers a year.
Boeing said it will collaborate with Aeromexico and Mexico’s Airports and Auxiliary Services (ASA) on a biojet program supported by Mexico’s Sector Fund for Energy Sustainability (SENER-CONACYT) to advance research and development of sustainable aviation biofuel in Mexico.
Lower fuel prices and new international service helped Air New Zealand report a net profit of NZ$338 million ($226 million) for the six months through Dec. 31, 2015, up significantly from a net profit of NZ$133 million a year earlier.
Embraer has rolled out its first next-generation E-Jet, an E190-E2, at its factory in São José dos Campos, Brazil. The E190-E2’s first flight is slated for the second half of 2016 with first deliveries expected to take place in 2018.
Embraer is increasing the maximum takeoff weight (MTOW) and wingspan of its E195-E2 jet, adding 450 nm of maximum range in standard performance, the Brazilian manufacturer said Feb. 24.
Montreal-based leisure carrier Air Transat and its pilots have reached a tentative agreement on renewal of the collective agreement that expired last April.
New Spirit Airlines president and CEO Bob Fornaro promised to make “small, but meaningful changes” to the ultra low-cost carrier’s (ULCC) operation, which he conceded has scored too low on key customer-service metrics.
FAA said it has proposed a $275,000 civil penalty against New York-based Atlas Airlines for allegedly operating a Boeing 747 after performing improper maintenance on the aircraft.
Chinese carriers reported a net profit of CNY1.5 billion ($230 million) in January, more than tripled from a net income of CNY485 million in the year-ago month.
