Tag: aviation industry

Middle East Carriers’ Fleet Size to More than Double by 2036

The fleet size of operators in the Middle East is forecast to more than double from 1,250 to 3,320 aircraft over the next two decades, according to the Airbus Global Market Forecast. The Middle East will need some 2,590 new aircraft by 2036, for replacement of 520 older generation aircraft, and 2,070 aircraft for growth, […]

Higher Fuel Prices Drive Down Air China, China Southern 1H Profits

Air China and China Southern Airlines were impacted by higher fuel prices in the 2017 first half as the two carriers reported year-over-year (YOY) six-month net profit decreases of 3.8% and 11.6%, respectively, to CNY3.3 billion ($486 million) and CNY2.8 billion. Beijing-based Air China’s 1H operating revenue rose 8.7% YOY to CNY58.2 billion while operating […]

Eurowings To Hire 600 Crew For A320 Fleet Expansion

Lufthansa Group LCC subsidiary Eurowings will hire 600 crew members, comprising 200 pilots and 400 cabin crew members, as its fleet expands to a further 20 Airbus A320s. In addition, Eurowings management has confirmed that temporary working contracts for flight attendants will be changed to permanent contracts. Eurowings employs 1,500 flight attendants. Lufthansa established Eurowings […]

Aviation Not Subject To VAT In UAE

Aviation will be exempted from any taxation resulting from the country’s implementation of value added taxation (VAT) in 2018, according to a decree signed yesterday by the UAE president. The five percent tax will come into effect on 1 January and will apply on “the import and supply of goods and services at each stage […]

Etihad’s CEO Hunt Nearly Over

Etihad Airways Group is getting to set to name its new CEO within the next few months, according to a statement by the company. “The successful candidate is expected to start no later than the beginning of 2018,” the statement read. Former Etihad CEO James Hogan departed from the company in May, with Ray Gammel […]

Compass Airlines Raises First Year Pilot Pay To $41.00 Per Flight Hour

First year, First Officer pay at Compass Airlines will soon be the highest in the regional airline industry. Compass is pleased to announce that effective October 1, 2017, its first year, First Officer pay will increase to $41.00 per flight hour. Additionally, First Officers at all pay steps will receive an increase. “The nationwide pilot […]

Global Expansion Through Business Acquisition In Aviation: The Better Way?

To increase geographical presence, decrease competition, accelerate expansion – just a few reasons why companies choose business acquisition as an inorganic mode of expansion. With yearly worth of worldwide mergers and acquisitions topping €41 billion it’s only natural that increasing number of deals has been recorded and anticipated in the aviation industry as well. With […]

Emirates Denies Reports It Is Shedding Staff

Emirates has refuted claims the airline has undertaken a programme to reduce staff across the company. A company spokesperson quoted by Bloomberg said “there is no change in staff turnover rates in the past weeks,” and that the carrier continues to hire for “critical roles.” “Recruitment has slowed down as we streamline our operations, introduce […]

Smart Gates Helps Sharjah To Mark Near 1 Million Travellers

Sharjah Airports have seen a brisk flow of traffic after the installation of smart gates, according to the Sharjah Airport Authority. The authority announced that over 850,000 passengers passed through 16 Smart Gates installed in October 2016 at the departure and arrival terminals in Sharjah International Airport. “Travelers can now get through passport control within […]

YY Fares Retire After Seven Successful Decades

The International Air Transport Association (IATA) announced that the YY Fares will be rescinded from 31 October 2018. The decision to rescind YY Fares was taken with a vote by the IATA Passenger Tariffs Conference on 28 June 2017. The rescinding of YY fares reflects the dramatic transformation that continues to take place in the […]