Sanctions targeting Russia’s airlines and broader economy will disrupt one of the strongest post-downturn domestic-market recoveries and put much of its international flying at immediate risk.
A webinar presented by aviation analytics company IBA on March 1 summarized some of the effects of the Ukraine-Russia crisis as can be ascertained so far.
Boeing has suspended support of Russian airlines operating its products, including spare parts sales and engineering services, adding to previously announced pauses affecting its Russian and Ukrainian operations.
IATA’s latest estimate of the returning global passenger market continues to set 2024 as the point at which traveler numbers finally outstrip those of 2019.
Lilium is modifying the design of its electric air taxi, building a third demonstrator to accelerate flight testing and partnering with NetJets to offer the vertical takeoff Lilium Jet for private and business aviation.
Canadian regional aviation specialist Chorus Aviation is to acquire UK-headquartered lessor Falko Regional Aircraft for $855 million, with investment firm Brookfield Asset Management slated to take a 12.5% stake in Chorus once the deal completes.
Business travelers and corporate travel managers are coming to terms with new factors that are enabling work trips to make a comeback, but which are also making journeys more complicated.
Etihad Airways has announced its business results for 2021, recording a strong recovery in passenger operations along with a significant improvement in financial performance.