The 2014 global jet accident rate of 0.23 hull losses per million flights was the lowest in history, besting the 2013 rate of 0.41, and the five-year rate through 2013 of 0.58, IATA says.
Both carriers enjoy a particularly strong windfall profit: Emirates has no oil-price hedging in place and therefore has seen an immediate benefit from the recent fall in prices.
Between now and 2018, crews will work on each of LAX’s four runways to revise grades, construct new safety areas and add lighting systems as well as navigational aids that meet federal guidelines.
Airlines are “still a long way from earning [their] way globally,” Luth told the International Society of Transport Aircraft Trading (ISTAT) Americas 2015 conference here March 9. “What we do have is substantial profitability in North America.”
Cathay Pacific says the airport authority has the highest net profit of any airport in the world, strong cashflow and a healthy balance sheet. This means runway construction could be “self-funded through existing revenue streams,” the airline says.
Aimed at providing the equivalent of 2% fuel-burn savings in baseline performance, the rolling upgrade effort will also include a series of optional product improvements to push the total potential fuel-burn savings on a per-seat basis to as much as 5% over the current 777-300ER by late 2016.
The battery issue appeared to be the most significant piece of new information in the report issued by the MH370 investigation team a year after the incident as required by the International Civil Aviation Organization (ICAO).
Norwegian Air Shuttle said the company is in a “state of emergency” due to a strike by 680 pilots of its Norwegian Air Norway subsidary, which operates all domestic routes in Norway, Sweden and Denmark, and routes between the Scandinavian countries as well as a number of flights to Europe. Norway’s national mediator met with management and union representatives on March 6 in a bid to end the dispute. Pilots want a collective bargaining agreement with the parent group instead of with its Norwegian Air Norway subsidiary. The walkout began Feb.
/site-files/aviationweek.com/files/uploads/2015/03/avd_03_06_2015_fuelw.pdf Global Jet Fuel Prices (midpoint)* As of March 4, 2015, compared with previous week and previous year cts/gal prev. week prev. year NY Jet Barges 189.14 -0.45 -119.33 Chicago Jet 192.64 -3.42 -118.58 West Coast (LA) Jet 187.14 -7.92 -106.08 Europe: Rotterdam Jet (Barges) 180.16 0.23 -120.03
For a complete list of Aviation Week’s upcoming events, and to register, visit www.aviationweek.com/events Apr. 14-16, 2015—MRO Americas 2015, Conference and Exhibit Hall, Miami Beach Convention Center, Miami, Florida May 5-6, 2015—MRO BEER (Baltics, Eastern Europe, Russia), Budapest, Hungary
To list an event, send information in calendar format to Donna Thomas at [email protected] . (Bold type indicates new calendar listing.) Mar. 8-10 —ISTAT Americas 2015, JW Marriott Desert Ridge, Scottsdale, Arizona, www.istat.org/Americas
Europe’s largest low-cost carrier (LCC) launched its “Always Getting Better” (AGB) customer initiative at the end of 2013, hoping to shed its unfriendly image, lift yields and accelerate growth.
Vietnam Airlines is preparing for some major changes this year, as it assesses potential strategic partners and plans significant fleet modernization moves.
This will be JetBlue’s first union contract, and no one is sure how the company will react. In a discussion with analysts this week, CEO Robin Hayes said the company “respects” the pilot group’s decision and will negotiate in “good faith."
Strong domestic demand helped offset weaker international growth in the second half of 2014 (Aviation Daily, Feb. 24). But stagnation in key local markets, such as China, took hold at the start of the year.
The Civil Aviation Administration of China (CAAC) has authorized the establishment of Jiangxi Airlines, 60% of which will be owned by China Southern Airlines affiliate Xiamen Airlines.
Piedmont Airlines says is ramping up its Embraer ERJ 145 training curriculum as it awaits first delivery of the type in October and begins service before year-end.
