The UK signaled another rise in its Air Passenger Duty (APD)—a departure tax—on the same day the country’s transport minister made a speech stressing how important its airports were to its future prosperity.
Mitsubishi Heavy Industries (MHI) will increase its stake in Mitsubishi Aircraft to 86.7% from 64% with a capital injection that will pay for delays in development of the MRJ regional jet, the company announced Oct. 31.
European aircraft manufacturer ATR is confident there are market opportunities for turboprops in South Korea, even though such aircraft have not yet gained a foothold there.
Working with Spanish hybrid-electric light aircraft developer Axter Aerospace, U.S. startup Wright Electric plans to fly a nine-seat demonstrator in 2019 as a step toward its ultimate goal of developing a 186-seat, electric-powered narrowbody airliner.
The International Air Transport Association (IATA) has released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), climbed 8.8% in November 2017 compared to the year-earlier period.
A new era in east African aviation opened in July when Air Tanzania took delivery of its very first wide-body aircraft, a Boeing 787-8 Dreamliner, powered by Rolls-Royce Trent 1000 TEN engines, Alan Peaford reports.
African LCC Fastjet has managed to extend its funding deadline past October, but needs to raise cash and reach creditor agreements in the coming days to continue operations.
Air Canada reported an adjusted net income of C$516 million ($392 million) for the third-quarter (3Q), a substantial decline from a restated adjusted net income of C$922 for the year-ago quarter.
Italian railway company Ferrovie dello Stato (FS) has bid for Alitalia, paving the way for the possible creation of an integrated transport company, Italy’s economic development minister Luigi Di Maio said, as he also confirmed several other companies have submitted offers.
Faced with rising fuel costs and a weakened Chinese yuan against the U.S. dollar, China Eastern Airlines recorded an operating profit of 5.76 billion yuan ($830 million) for the first nine months of 2018, down 42.1% from the same period last year.
China has attempted to steal technology relating to the CFM Leap-1 turbofan engine to support development of its rival CJ-1000, according to a U.S. Justice Department statement.
Overcapacity in the increasingly competitive Canadian domestic market led WestJet to defer receipt of four Boeing 737-8s scheduled for delivery next year, but the carrier continues to see opportunities internationally.
With numerous and mounting issues in two of its major programs, Airbus has reduced its delivery target for 2018 and warns it is “actively working to resolve certain commercial challenges on the A330ceo and the A380,” hoping to resolve them by the year-end.
The 2018 ALTA Airline Leaders Forum ended with CEOs of Avianca, Copa Airlines and LATAM Airlines responding to a barrage of issues, including two that were occurring simultaneously with the Panama City conference.
Air France-KLM said its revenues rose in the third quarter and predicted a further increase in the final three months of the year, but warned its fuel costs also would increase and passenger network capacity would grow by less than expected.
Indonesian officials appear confident the location of the main part of the fuselage from the Oct. 29 Lion Air Flight JT610 crash has been found, as the search for wreckage continued for a third day on Oct. 31.
Overcapacity in the increasingly competitive Canadian domestic market led LCC WestJet to defer receipt of four Boeing 737 MAX-8s scheduled for delivery next year, but the carrier continues to see opportunities internationally and announced it would redeploy one of its Boeing 767s on a new transatlantic route after it takes its first Boeing 787s.
