Thai Airways predicts that the removal of Thailand from the ICAO’s red-flag safety list will boost the country’s aviation industry this year—although airlines are still waiting for the FAA to do likewise.
HNA Group’s Capital Airlines is again trying to open a service between Beijing and Helsinki, two years after first applying to do so and three years after considering the idea.
Garuda Indonesia slipped to a substantial net loss in 2017 partly because of increased fuel costs, although the carrier said it is making progress on some of its strategic priorities.
IATA is aiming for 1 billion passengers to have traveled on flights powered by a mix of traditional jet fuel and alternative sustainable aviation fuel (SAF) by 2025, although hitting this target will require government action, the organization said.
Irish LCC Ryanair is expanding its German operations by adding four new routes from Palma de Mallorca, Spain, but will transfer some flights from Frankfurt Hahn Airport (HHN) to Frankfurt Airport (FRA) due to weak economic performance.
The oneworld partners, which already codeshare, said an antitrust-immunized joint business is necessary to add new services between the U.S. and Australia, and to keep existing service “economically viable.”
Australian authorities have completed an important procedural step in their efforts to develop a new air traffic control (ATC) system that will cover the country’s civil and defense needs.
The creation of a standalone aerospace business made up of United Technologies Corp. (UTC) divisions is under consideration as UTC executives contemplate their next move after the expected regulatory approval of its acquisition of Rockwell Collins this summer.
Would-be telecommunications satellite operator OneWeb has joined forces with Airbus, Delta Air Lines and mobile network operators Sprint and Bharti Airtel to give passengers a “seamless” connectivity experience inflight.
Tyrolean Technik, a fully-owned subsidiary of Austrian Airlines, will downsize its maintenance, repair and overhaul (MRO) in Innsbruck, Austria, affecting 80 out of 110 employees.
Aiming to increase its capacity for raising finance, cash-strapped HNA Group will make Hainan Airlines the owner of all of its stakes in mainland Chinese air carriers.
Air Lease Corp. (ALC) received a $354 million benefit from the December 2017 U.S. tax reform legislation, pushing the Los Angeles-based commercial aircraft lessor to a $756.2 million net profit for 2017, more than doubling ALC’s $375 million net income in 2016.
Long-haul LCC operators may struggle to turn regular profits amid seasonal variances and competitive pressures, but so long as these airlines have strategies that help balance marketplace realities, the business model has staying power, Air Lease Corp. (ALC) executives contend.
The UK Department for Transport is allowing the resumption of direct cargo flights between Bangladesh and the UK, citing improvements to security at Dhaka Shahjalal International Airport (DAC).
Aero Engine Corp. of China (AECC) aims at achieving certification for its engine for the COMAC C919 narrowbody airliner in 2027, said an industry source close to the company.
To list an event, send information in calendar format to Donna Thomas at [email protected]. For a complete list of Aviation Week Network’s upcoming events, and to register, visit www.aviationweek.com/events (Bold type indicates new calendar listing.) Feb. 26-28—National Business Aviation Association Leadership Conference, Loews Coranado Bay Resort, San Diego, California, nbaa.org/events/leadership/2018/
Emirates Airline plans to resume A380 service between Dubai and Houston Intercontinental beginning June 1, after the increase in oil prices improved the route’s viability.
Dublin-based Avolon—which in 2017 vaulted into the top three global aircraft lessors with its purchase and integration of CIT Group’s aircraft leasing business—reported a $550 million profit for the year, a 59.4% rise over its $345 million profit after tax in 2016.
InterCaribbean Airways continues to expand its network and will soon boost capacity with the addition of its first two Embraer ERJ145 regional jets, with two more to follow, its top executive told Aviation Daily.
