“The drop in oil prices”—about 50% since mid-2014—“is credit positive for most airports in North America and Europe because lower fuel costs will improve the financial performance of airlines, making them stronger counter-parties to the airports,” Moody’s says.
The public statement is a clear message to the Swiss authorities, which have not yet cleared Etihad’s proposed acquisition of a 33.3% stake in Darwin Airline.
ExpressJet lost $117.9 million in 2014, while Skywest made $77.6 million. ExpressJet’s operating revenues fell by $119.5 million on a year-over-year basis, a decrease the company blamed in part on a fleet-size reduction and poor weather in the first half of 2014.
Europe’s aviation regulator has proposed a framework for unmanned aircraft with three categories of operation based on risk, the lowest of which would not involve any oversight by aviation regulators.
“Right now, they are not performing on their obligations to us and to other lessors,” Zissis said on a March 11 earnings call. “But we have taken action to get the aircraft back and expect to have the aircraft back in the next quarter.”
Changi is constructing its fourth passenger terminal, which is due to open in 2017. Meanwhile, the Singaporean government has confirmed plans for a fifth terminal, its largest yet, to be completed in the mid-2020s.
The airline plans to operate the summer schedule of its legacy unit—which includes Lufthansa and Germanwings-branded flights—with 395 aircraft, a reduction of five aircraft.
Air freight traffic was up 4.5% last year—the “first significant boost in volumes since 2010,” the International Air Transport Association (IATA) notes—and volumes were up 3.2% year-over-year in January.
The airline’s fleet will grow with one additional A320, which is arriving next month, while two A319s are expected to replace two British Aerospace Avro RJ100s.
Asiana is in the early stages of establishing the LCC, and many elements of the timeline are yet to be decided, a spokesman for the airline tells Aviation Daily.
The shift, which is coming in stages, is a return to an operating procedure used by United in the mid-2000s, before its merger with Continental Airlines.
Jazz operates the majority of Air Canada’s regional flying under a capacity purchase agreement, but Chorus has been looking for opportunities to broaden its business. Voyageur operates a fleet of 18 aircraft.
In a March 12 speech in Jakarta, IATA Director General Tony Tyler noted that Indonesia has had at least one hull loss every year since 2010, and it has faced restrictions imposed by the EU and U.S. due to safety concerns.
Operators of Australia’s Perth Airport have implemented seven safety upgrades in the wake of a serious incursion between an airport car performing a routine runway inspection and a QantasLink Boeing 717 that was landing there in rain and low visibility after an instrument approach in July 2014.
Influential lessor Air Lease Corp. (ALC) has recommended to Airbus that any plan to launch the A380neo should include a fuselage stretch that would add valuable belly-hold capacity and boost its broader appeal to the cargo market.
/site-files/aviationweek.com/files/uploads/2015/03/avd_03_11_2015_dataw.pdf Passengers Denied Bording by U.S. Airlines January - December 2014 Denied Bordings (DB’S) Rank Airline
Singapore’s government has revealed new details of a massive terminal development for Changi Airport that will dwarf the hub’s current passenger facilities.
The dispute between the EU and Russia over the Ukraine and the annexation of Crimea has not stopped Airbus ProSky, the manufacturer’s air traffic management (ATM) subsidiary, and Russian state-owned ATM provider Azimut from joining forces and signing a partnership agreement.
The long-delayed Bombardier CSeries is past the halfway stage in flight testing and on track to earn certification this year, but key leasing companies say the airliner’s longer-term success still hinges on getting the aircraft into service smoothly and building credibility by attracting big orders.
The air navigation service providers (ANSPs) of Spain, Germany, the U.K. and the Netherlands have signed an agreement for the joint development of the next generation of the air traffic controller working position (CWP), which should lead to reduced costs, increased efficiencies and ultimately take the Single Europe Sky (SES) forward.
