Shell companies and intermediaries attempting to get aircraft parts to Iran’s Mahan Air and several affiliates have been targeted in new sanctions from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), sending a warning to aviation services providers that doing business with anyone who supports sanctioned Iranian carriers will not be tolerated.
The UK government has confirmed easyJet’s status as a UK airline, even if it is majority European Union (EU)-owned, according to easyJet CFO Andrew Findlay.
American Airlines said about 60% of its customers presented with basic economy fares are choosing a higher-priced option with more features, but these so-called conversion rates are higher on its own website than third-party booking sites.
The commercial aerospace sector may be expecting Boeing to announce the formal start of a new midmarket aircraft (NMA) program this year, but for perhaps the most important suppliers—the engine makers—the business case is not yet closed, according to a key CEO.
New Austrian carrier LaudaMotion plans to launch an extensive European network—called City Shuttle—from Vienna beginning with the 2018-19 winter schedule.
Russian aircraft manufacturer Irkut may be riding high from the recent test flight of its second MC-21 prototype, but credit raters at Moody’s Investors Service are bringing the company back to Earth with a downgrade of its credit worthiness.
WASHINGTON—Dan Elwell, FAA’s acting administrator, called for the agency to embrace innovation and emerging technology by forming partnerships with industry and entrepreneurial organizations.
Delta Air Lines plans to resume nonstop flights between the U.S. and Mumbai in 2019, the Atlanta-based carrier said May 24, citing the recent Open Skies diplomatic understandings between the U.S. and the governments of the United Arab Emirates (UAE) and Qatar.
Although only one Asia-Pacific air navigation service provider (ANSP) has committed to use the Aireon space-based surveillance service, more contracts from this region are expected soon.
The AirAsia group almost doubled its first-quarter net profit to MYR1.1 billion ($276.3 million), boosted mainly by the sale of assets, but also fueled by higher passenger volume.
Las Vegas-based ultra-LCC Allegiant Air and its flight dispatchers, represented by the International Brotherhood of Teamsters (IBT), reached a tentative agreement May 22 on a five-year contract, the first ever for Allegiant’s 34 dispatchers. Negotiations for the contract began in 2017.
The Dutch-led Joint Investigation Team (JIT) examining the shooting down of Malaysia Airlines Flight MH17 said the surface-to-air missile system that took down the aircraft did belong to the Russian armed forces.
Pre-tax earnings for U.S. passenger airlines fell 27%—down approximately $700 million year-over-year (YOY)—in the first quarter of 2018, as fuel, labor, airport and aircraft expenses outpaced revenue growth, according to an industry overview by Airlines for America (A4A).
At the African Aviation Finance conference in Johannesburg, South Africa, Bombardier Commercial Aircraft reflected on the development of the African Regional Aircraft market, stating that it was seeing a surge in demand in Africa for pre-owned aircraft.
Performance margins built into Karem’s Butterfly quad-tiltrotor eVTOL have allowed Uber to show its aerial-ride-sharing requirements can be met with available battery technology.
