It is rare for Airbus and Boeing to speak in unison, but during a panel discussion at the ISTAT 2014 Americas conference in San Diego, Airbus SVP-leasing markets Andrew Shankland and Boeing VP-marketing Randy Tinseth both identified improvements in 2014 in world GDP, passenger traffic, cargo traffic and airline profitability as main drivers for a boom market for new aircraft deliveries.
SAS Group has reported a net loss of SEK112 million ($17.5 million) for the quarter November 2013 to January 2014, marking a significant improvement from the SEK588 million net loss recorded for the same period in the previous year.
International Airlines Group (IAG) has seen a slight improvement in its freight volumes, although it is retaining a weak cargo outlook for 2014-15. “There is maybe some volume recovery, signaling the end of the cargo downturn, but it is too early to ring any bells,” IAG CFO Enrique Dupuy said at the release of IAG’s full-year results.
Full-time Equivalent (FTE) Employee calculations count two part-time employees as one full-time employee. * Formerly Pinnacle Airlines. Source: US Department of Transportation Bureau of Transportation Statistics and ATW Research.
The ACARS reporting system on the missing Malaysia Airlines Boeing 777 was taken off air prior to the pilots’ last radio contact with Malaysian ATC, Malaysian defense and transport minister Hishammuddin Hussein said.
The huge fleets of airliners on order by the Arabian Gulf’s “Big Three” carriers risk spending more time on the ground than in the air if the growing problem of the region’s restricted airspace is not resolved, according to the head of the UK’s air traffic management provider.
Malaysia’s Prime Minister, Najib Razak, has confirmed that the Malaysian Airlines Boeing 777-200 operating flight MH370 had its tracking transponders turned off in "what looked like a deliberate action from somebody on board the aircraft."
The search into the baffling disappearance of the Malaysia Airlines Boeing 777-200 operating flight MH370 continues almost a week since it vanished from radar during a routine flight from Kuala Lumpur to Beijing.
Hybrid carrier flynas is considering partnerships and joint ventures as a way to develop its short- and mid-haul operations outside its Saudi Arabian home market.
Lufthansa will streamline operations by simplifying its hub structure in Munich from eight to six banks per day, according to outgoing Lufthansa chairman and CEO Christoph Franz.
Iberia has hammered out an agreement in principle on a new ground staff deal for the period to 2017, joining tentative accords that it has already struck with its pilots and cabin crew.
FAA is cautiously optimistic for US airlines over the next 20 years in its latest Aerospace Forecast, which predicted US passenger growth over fiscal years 2014-2034 to average 2.2% per year.
China Eastern Airlines plans to accelerate its expansion pace by taking advantage of Beijing’s new Shanghai free trade zone and the opening of Shanghai Disney in 2015, according to the carrier’s president Ma Xulun. “On the international front, our focus will be North American market, which has strong business travel demands,” Ma said.
Reports that MH370’s Aircraft Communications Addressing and Reporting System (ACARS) system sent transmissions for several hours after it vanished from radar are false, Malaysia Airlines said at a Thursday press conference.
Swiss carrier Etihad Regional, previously branded Darwin Airline, will lease four ATR 72-500s from Nordic Aviation Capital (NAC) marking the start of its transition from an all-Saab 2000 fleet.
Air India, which has had a spate of incidents on its Boeing 787 fleet in the past year-and-a-half, is satisfied with the overall quality of service from the aircraft, according to chairman and managing director Rohit Nandan.
TAP Portugal has reported full-year 2013 net income of €34 million ($46.8 million), more than doubling the carrier’s €15.9 million profit reported for 2012.
