Although the U.S. president-elect has said airports are an area of concern and need investment, how his administration will carry out his plans remains to be seen.
IATA expects a significant reduction in airline net profits in 2017, as the industry incurs higher operating costs and sees slower growth than expected.
Spirit AeroSystems plans to expand its footprint here by leasing a 293,000-sq.-ft. hangar across the street from its main facility as its work expands.
Global air-cargo traffic increased 8.2% year-over-year (YOY) in October, the best growth pace since February 2015, according to IATA’s October Air Freight Market Analysis.
Philippine LCC Cebu Pacific has confirmed it is still considering an order for new widebody aircraft that it could use for its first transpacific flights.
Irish long-haul LCC Norwegian Air International (NAI) plans to fly from Cork and Shannon, Ireland, and to open two U.S. bases, now that it has secured its U.S. foreign air carrier permit.
Alaska Airlines can acquire Virgin America, but only if it cuts down on its codesharing with American Airlines, the U.S. Justice Department (DOJ) said Dec. 6.
Although American Airlines and Qantas have withdrawn their application for an expanded transpacific partnership, two smaller U.S. carriers have signaled to the DOT that it should reject a request to vacate the order.
The new contract, which comes after more than three years of negotiations, will provide mechanics with a package 2% “above the highest compensation in the industry every two years,” the Teamsters union said.
LONDON—Italian flag carrier Alitalia is planning to release a new strategy this month, and has named former LATAM Airlines executive Jorge Vilches as chief commercial officer after three board resignations.
It has not been a smooth ride for the aerospace and defense industry up to now. The industry relies on the government for the majority of its income, and rises and falls based on year-to-year policy and direction from Washington.
Hours after the next U.S. president targeted Boeing’s Air Force One contract as excessive, America’s aerospace trade association said it is preparing for “a challenging policy arena in both Washington, D.C., and a rapidly changing global environment.”
The company, which charters 20 helicopters on the Norwegian continental shelf alone, will ask operators to sole-source the Sikorsky S-92 for its heavy helicopter requirements over the H225, after unions said oil workers no longer had faith in the aircraft.
A Simi Valley, California, company has launched a commercial venture to provide a broadband mesh network over the continental U.S. using commercial aircraft.
The SEC found that United lost about $945,000 from operating the twice-weekly route, which it started in September 2012 and decided to cancel in January 2014.
Reaction to the U.S. Transportation Department’s (DOT) Dec. 2 approval of Norwegian Air International’s (NAI) foreign air carrier permit was swift, loud and predictable.
