Reading Time: 2 minutes Singapore Airlines may consider cutting staff numbers, CEO Goh Choon Phong told reporters at the International Air Transport Association meeting in Cancun, Mexico, this week. The revelation comes after a surprising Q4 net loss of SGD138 million (USD100 million) which saw operating profits for the 2016-17 financial year down 8.5% to SGD623 million (USD451 million). […]
Reading Time: 2 minutes Further airline industry consolidation is unlikely in the US in the near future, but carriers may seek to grow through joint ventures or investments in foreign airlines, according to PricewaterhouseCoopers (PWC). “I see no signals that further consolidation is imminent,” Jonathan Kletzel, PWC principal for travel and transportation, said at the IATA AGM in Cancun. […]
Reading Time: 3 minutes In May 2017, Cirrus released Vision Jet – the most affordable private jet in the market today. But does cheaper necessarily mean the one to go for? Not always, price is only one of the criteria for choosing the most compelling type of private jet. How to estimate the major differences among various size aircraft […]
Reading Time: 2 minutes Flexjet LLC, offering travelers access to the world’s most luxurious fleet of private jets, has resumed external hiring of pilots for the first time since 2015. Flexjet plans to hire a significant number of pilots to handle new business that increased 50 percent in the first five months of 2017 compared to the same period […]
Reading Time: 7 minutes The International Air Transport Association (IATA) revised its 2017 industry profitability outlook upwards. Airlines are expected to report a $31.4 billion profit (up from the previously forecast $29.8 billion) on revenues of $743 billion (up from the previously forecast $736 billion). “This will be another solid year of performance for the airline industry. Demand for […]
Reading Time: 2 minutes Bombardier Business Aircraft and Leggett & Platt, Incorporated of Carthage, Missouri celebrated a historic milestone in business aviation – the delivery of the 3,000th Bombardier Learjet business jet manufactured. The aircraft is also the 100th Learjet 75 jet to be delivered, and the second to join Leggett & Platt’s fleet. Learjet aircraft are renowned worldwide […]
Reading Time: < 1 minute Etihad Airways has introduced its flagship Airbus A380 aircraft on its second daily service between the UAE capital and New York JFK. The superjumbo has replaced a three-class Boeing 777-300ER previously operating one of the airline’s twice daily flights. The new deployment means New York will join London and Sydney as an all-A380 operation. Guests […]
Reading Time: < 1 minute Deutsche Lufthansa AG offered its shareholders the option of receiving their dividend of EUR 0.50 per share in the form of new shares in the Company. The opportunity was selected for around 68 million shares. At a subscription ratio of 46.4:1, a total of about 1.5 million new shares will be issued. The cash payment […]
Reading Time: < 1 minute Airbus and China have signed a Memorandum of Understanding (MoU) on aviation and aerospace, further enhancing a spirit of cooperation. The MoU was signed in Berlin by Fabrice Brégier, Airbus COO and President of Commercial Aircraft, and He Lifeng, Chairman of the National Development and Reform Commission (NDRC) of China. The MoU strengthens and deepens […]
Reading Time: < 1 minute Avia Solutions Group, an international, publicly traded aviation holding company with over 20 subsidiaries worldwide, has recorded €306 million revenue in 2016, a 33% increase from the 2015. Group’s net profit more than doubled to €8,1 million. The growth of the Group’s operations was largely driven by its increasing presence in the Asian aviation market […]