Applying the European Union Emissions Trading Scheme (EU ETS) carbon tax to the world's airlines is an important challenge to the long-standing process of agreeing aviation rules and regulations through ICAO, the US State Department's transportation chief said Thursday.
Chinese carriers reported a collective net loss of CNY540 million ($85.3 million) in February, reversed from a net income of CNY1.34 billion in the year-ago period.
Boeing, Airbus and Embraer signed a memorandum of understanding (MOU) "to work together on the development of drop-in, affordable aviation biofuels," the aircraft manufacturers announced Thursday.
Air France (AF) has reached agreements with most unions representing ground staff, cabin crew and pilots to renegotiate working conditions to improve the company’s overall productivity and bottom line.
Lufthansa Cargo (LHC) chairman and CEO Karl Ulrich Garnadt said that Russia’s opposition to the European Union’s Emission Trading Scheme (EU ETS) has delayed approval for traffic rights for several flight frequencies of LHC and AeroLogic via Russia.
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News from Travel Technology Update: IATA waded into the controversy over the optimal method of distributing ancillary products, claiming that GDSs “are unable to handle the rapidly increasing range of product offerings from airlines.”
AFI KLM E&M has completed maintenance work on one Boeing 737 for Cargo Air, a new customer, and has signed a component support agreement with the carrier. Honeywell has signed a General Terms Agreement with Emirates Airline to provide repair and overhaul support for the carrier's avionic and mechanic components on its Airbus A330 and A340 aircraft and Boeing 777, for five years.
US Airways announced Wednesday it has signed a new agreement with Wi-Fi supplier gogo to expand its onboard Wi-Fi service to more of its Airbus narrowbodies and to extend the service to its Embraer E-190/-175/-170 regional jets.
The US Senate has voted against reauthorization of Export-Import Bank, casting more uncertainty about the future of the federal credit agency that will soon reach its $100 billion cap.
The UK government has confirmed the Air Passenger Duty (APD) will rise to 8% April 1 as previously announced, despite strong lobbying from airlines, airports and the tourist industry to cancel the tax.
Airlines for America (A4A) filed a complaint Wednesday with a German court to protest Germany's eco-tax on airline passengers, arguing the charge violates international agreements governing aviation.
CPI Aerostructures reported full-year revenue of $74.14 million in 2011, up 68.5% over the prior year's revenue of $43.99 million. Net income reached $7.42 million, compared to $542K in 2010. Revenue generated from commercial contracts increased by 35% to approximately $10.2 million. PPG Industries announced its aerospace transparencies group has created kits for repairing commercial aircraft windshield moisture seals on "various commercial aircraft."
IATA projected Tuesday that the world's airlines will earn aggregate net income of $3 billion in 2012, 14.3% below its industry profit forecast for the year issued in December and 38.8% lower than the $4.9 billion profit it predicted for 2012 last September.
News from Travel Technology Update: IATA waded into the controversy over the optimal method of distributing ancillary products, claiming that GDSs “are unable to handle the rapidly increasing range of product offerings from airlines.”
China’s opposition to the European Union’s Emission Trading Scheme (EU ETS), has prevented Lufthansa (LH) from obtaining rights to operate an Airbus A380 to Shanghai, LH chairman and CEO Christoph Franz said.
Russia’s Ministry of Transport is aiming to liberalize the country's international airline market by establishing a new system for choosing which carriers will operate on international routes.
ICAO council president Roberto Kobeh Gonzalez told Reuters last week that the UN body is considering four options to manage carbon dioxide (CO2) emissions produced by aviation.
8 Hawaiian Airlines (HA) has reached a tentative agreement with the Assn. of Flight Attendants (AFA) on a new contract to balance increased compensation with gains in productivity for the company.
To overcome its airline industry's serious financial difficulties, India needs a more coherent aviation policy that creates conditions under which carriers can be more successful, according to IATA DG and CEO Tony Tyler.
