This table shows the current U.S. Gulf Coast Kerosene-Type Jet Fuel Spot Price, showing the latest figures for the current week, with comparisons to two weeks prior, one month prior, three months prior, six months prior and the current week during each year of the past decade. Figures are released every two weeks by the US Energy Information Administration.
Russia’s Roseximbank has signed an agreement with Ilyushin Finance Co. (IFC), a Russian leasing company, to provide $70 million in export financing for Antonov An-158 aircraft for Cubana de Aviación.
Ryanair will contest a ruling by a UK court that extends the time in which passengers can submit a compensation claim for a delayed or canceled flight from two to six years.
Aviation authorities in Asia and Europe are to conduct a joint study into wake turbulence to determine whether the distances between aircraft can be reduced while maintaining safety standards.
Airbus expects Russia`s commercial fleet to double in size over next 20 years with over 2,000 aircraft needed by 2034, compared to the 922 in operation today.
Shanghai-based low cost carrier Spring Airlines has reported a net profit of CNY619.5 million ($97 million) for the first half of 2015, up 129% over the CNY270.8 million for the same period the previous year.
Year-over-year changes at US airlines with over 1000 Full-time Equivalent (FTE) employees, ranked by increase/decrease in employees. FTE calculations count two part-time employees as one full-time employee.
Air New Zealand has reported a net profit of NZD327 million ($213 million) for the financial year ended 30 June 2015, an increase of 24% over the NZD 263 million reported for the previous financial year.
Heico acquired companies to expand its intelligence gathering equipment and composite products businesses. Both purchases were made for cash, and Heico expects both acquisitions to be accretive to its earnings within the first year after the closing. Heico purchased 80.1% of the shares of privately held Midwest Microwave Solutions, which makes communications and electronic intercept receivers and tuners. Expect operations of MMS—including its name and employees—to remain the same.
“The aircraft is expected to be ready for operations by the end of September 2015, and is planned as the first aircraft for the fastjet Zambia fleet,” fastjet said in a statement.
Vienna Flughafen Wien Airport has made an offer to acquire SNC Lavalin’s stake in Malta International Airport and increase its holding by a further 15.5%, which would increase its stake from 33% to 48%.
Plans to open the much-delayed and controversial Berlin Brandenburg International Airport (BER) in Germany remain on schedule for the second half of 2017 despite the bankruptcy of its construction company, Imtech Deutschland, officials said.
A completely restructured airline will emerge Sept. 1 from the tragedy-struck Malaysia Airlines and will essentially take the form of a startup, new CEO Christoph Mueller said in an exclusive interview with ATW.
