The owners will be investment company Integral Corp., All Nippon Airways (ANA) parent ANA Holdings, and the UDS Airlines Investment Ltd. UDS is a fund jointly created by the Development Bank of Japan (DBJ) and the Sumitomo Mitsui Banking Corp. (SMBC).
Meanwhile, some of the country’s airways are handling far-higher traffic densities than would normally be accepted by Western countries, CAAC said in a report on the efficiency of scheduled air operations last year.
LOS ANGELES—Non-aeronautical sources will account for only 32% of revenue at Los Angeles International Airport (LAX) in fiscal year 2016, a percentage the airport’s outgoing executive director said is too low.
Among the seven zones that the CAAC divides the country into, the strongest growth is occurring in Xinjiang, the huge and sparsely populated western province that stretches toward Central Asia. Airlines operated about 22% more scheduled flights there last year than in 2013.
Europe’s largest LCC is still considering launching transatlantic flights, but Ryanair will stick to short- and medium-haul services for at least the next four to five years because of a“massive shortage of long-haul aircraft,” CFO Neil Sorahan said. “The Gulf carriers have mopped up all spare capacity there,” he said. Reiterating past statements, Sorahan insisted that if the airline were to go transatlantic “it wouldn’t be Ryanair itself; it would be a separate company, separate management, and indeed a separate brand.”
Cathay Pacific has reached a tentative agreement with its flight attendant union that would prevent potential strikes during the summer-travel period. The union and the airline have signed a memorandum of understanding (MOU) after negotiations overseen by Hong Kong’s labor department. Flight attendants have been protesting over concerns about pay structure, overseas allowances and changes to legal protection policy wording.
Global Jet Fuel Prices (midpoint)* As of Month xx, 2015, compared with previous week and previous year cts/gal prev. week prev. year NY Jet Barges 179.73 -7.66 -112.18 Chicago Jet 178.34 -8.80 -121.32 West Coast (LA) Jet 196.34 -44.05 -106.82
Emirates plans to begin a daily service from its hub at Dubai International Airport to Bologna Guglielmo Marconi Airport on Nov. 3. Bologna will be Emirates’ fourth Italian destination, bringing the carrier’s Italy flights to 56 weekly.
Airbus is currently at rate 42 per month for the A320 family as it transitions from the A320ceo to the A320neo versions beginning at the end of the year.
Group CEO Tony Fernandes says his focus for 2015 is “turning around [the two affiliates] and the recovery of debt” from these carriers. He has set a goal for Indonesia AirAsia (IAA) to be profitable by the second half of the year, and for Philippine AirAsia (PAA) to break even by the fourth quarter.
One official believes an order for up to 160 A330s is possible, but the other official is sure that the figure will be closer to 70. Both agree that the order will be a mix of A330ceos and A330neos.
While it is pressing on, the airline group, which encompasses Aegean and regional operator Olympic Air, cautions that the performance of the June-October summer period will ultimately determine the validity of its plans.
FAA has tasked a rulemaking advisory committee with studying pilot fitness, including emotional and mental heath, and issuing recommendations on any rule changes or guidance within six months. The effort, recommended by the Commercial Aviation Safety Team, is a direct response to the crash of Germanwings Flight 9525, among others, FAA says. The Germanwings co-pilot apparently flew the aircraft into the ground intentionally after locking the pilot out of the cockpit.”U.S.
