U.S. lawmakers, grappling with the rapid proliferation of drones and how to safely integrate them into the commercial airspace, sought expert insight at a Senate hearing May 8.
The European Commission has given the green light for United Technologies (UTC) to buy Rockwell Collins, assuming the divestiture of businesses in actuators, pilot controls, ice protection and oxygen systems.
Icelandic LCC WOW Air appears to be on the verge of announcing flights to India, firming up plans for a strategic shift towards Asia reported by Aviation Daily sister publication ATW in April.
Airbus doubled its year-to-date commercial aircraft orderbook in April, firming new orders for 68 aircraft from three airlines—Bhutan’s Druk Air, U.S. ultra-LCC Allegiant Air and Scandinavian Airlines (SAS)—and two undisclosed customers, valued at approximately $7.3 billion at list prices.
Emirates Airline posted 124% profit growth for its most recent financial year, delivering a AED2.8 billion ($762 million) profit despite “strong competitive pressure across all markets” and higher fuel prices.
Air Connection Express—a consortium of Angolan airlines, airport oversight and operations entities—has firmed an order for six Q400 turboprops from Canadian manufacturer Bombardier, valued at approximately $198 million at list prices.
Ethiopian Airlines placed a follow-on order for 10 Bombardier Q400s, plus purchase rights for five additional Q400 turboprops, the Star Alliance member said.
Rising fuel costs combined with a planned ramp up in capital expenditures put dents in most of WestJet’s key first-quarter income metrics, and the carrier is responding by fast-tracking a cost-reduction initiative.
Lufthansa Group plans to focus its future growth on its hubs in Munich, Vienna and Zurich while pulling capacity out of Frankfurt for the time being, CEO Carsten Spohr told the company’s annual shareholder meeting on May 8.
EasyJet is continuing its expansion out of Berlin, which has become a focus city for the UK LCC, and is part of its strategy to hold dominant market shares in the large European cities where it has bases.
Aeromexico’s capacity adjustments to offset weakness in its home market appear to be paying off, as the carrier boosted domestic RPKs and load factor in April, even as it continued to trim capacity.
Uber is releasing common reference models for electric VTOL configurations in an effort to encourage industry collaboration on tackling technical challenges.
Bombardier Commercial Aircraft has signed a firm purchase agreement for six new Q400 aircraft with African Aero Trading on behalf of the consortium forming Air Connection Express, Transportes Aereos S.A, based in Luanda, Republic of Angola.
Chorus Aviation boosted year-over-year (YOY) first-quarter adjusted earnings 43% and operating revenue 9% on the strength of its growing aircraft leasing business.
Air cargo operator Atlas Air Worldwide Holdings reported a $9.6 million net profit for the first quarter of 2018, reversed from a $752,000 net loss in the 2017 March quarter, a turnaround that encouraged the Purchase, New York-based company to upwardly revise its full-year 2018 revenue outlook to over $2.5 billion.
József Váradi, the CEO of Central and Eastern European LCC Wizz Air, said that newly launched Wizz Air UK could be used as a vehicle to acquire assets from other airlines.
Global air passenger traffic in March grew at its fastest monthly pace in a year—up 9.5% year-over-year (YOY)—driven by a generally strong global economic backdrop, according to IATA’s latest Air Passenger Market Analysis.
