Europe’s regional airports are facing an “existential threat” from rising jet fuel prices, fragile demand and mounting policy pressures, ACI Europe warns.
Ascend Airways has filed for administration, suspended operations and is in the process of returning its 737-8s, citing high fuel prices and airline capacity cuts.
A group of U.S. budget carriers is seeking $2.5 billion in government assistance to combat rapid increases in fuel costs spurred by the U.S. war with Iran.
Demand for all sorts of missiles—from air defense interceptors to deep-strike weapons—is starting to flow through to the earnings of major defense companies.
Flights from Kuwait International Airport are scheduled to resume following an eight-week suspension of commercial air services after the airport was targeted in the Iran conflict.
After a strong Q1 for MRO activities on the CFM56 and Leap turbofans, Safran is seeing no sign of a slowdown due to the war in the Middle East, its CEO says.
Nigeria’s federal government is considering debt relief measures as domestic airlines struggle with the Jet A1 fuel crisis that has threatened flight operations
Wizz Air has no plans to reduce capacity in the coming weeks, even as fuel prices soar and other industry players voice concerns about a possible fuel shortage.
Saab has been delivering its Giraffe 1X air surveillance radars built before orders were even placed to Middle East customers to address urgent needs there, CEO Micael Johansson says.
Boeing says certification of the 737-7 and -10 is in its final phases and remains on track for later this year but first deliveries will not begin until 2027.
In a bid to help the European aviation sector deal with the fuel crisis stemming from the Middle East conflict, the EC is taking steps to ensure operators have access to jet fuel.
Fueled by growing a freighter fleet, Middle East carriers have clear plans to develop their cargo business, even if disruption in the regions means this is temporarily on pause.
Narrowbody lessor Aircastle has noted that European and Asian airlines are bracing for jet fuel scarcity, but the Iran conflict so far has not impacted its business.
Asia-Pacific airlines are employing every available strategy to counter the unpredictable swings in fuel prices that continue to complicate their planning.