Reading Time: 2 minutes German authorities have cleared Lufthansa to wet lease 38 Airbus A319/320s from airberlin, according to a Bundeskartellamt statement Jan. 30. Under the wet-lease agreement, airberlin will lease the aircraft—which are stationed at German and Austrian airports—to Lufthansa and its subsidiaries Eurowings and Austrian Airlines. Eurowings will take 33 of the aircraft, enabling it to phase […]
Reading Time: < 1 minute JetBlue reported operating income of US$296m in the fourth quarter and US$1.3bn for the full year, a decline of 10.4% from the fourth quarter of 2015 and a full year increase of 7.9% over 2015. The airline reported pre-tax income of US$274m in the fourth quarter and US$1.2bn for 2016, a decrease of 9.6% from […]
Reading Time: 2 minutes Qantas’ new flights to Beijing take off today, helping power the Australia-China travel boom and marking the next step in the national carrier’s Chinese growth strategy. Beijing is Qantas’ third destination in Greater China, joining Shanghai and Hong Kong. The new service gives the capital’s 21 million residents a direct gateway to Australia, representing a […]
Reading Time: 2 minutes Russia’s Aeroflot Group carried 43.4 million passengers in 2016, up 10.3% compared to 39.4 million passengers in 2015. Moscow Sheremetyevo Airport-based Aeroflot Airlines carried 29 million passengers, up 11% compared to 26.1 million in 2015. In addition to Aeroflot Airlines, Aeroflot Group includes Saint Petersburg-based Rossiya Airlines, Moscow-based low-cost carrier Pobeda Airlines and Russian Far […]
Reading Time: < 1 minute ATR said it has booked orders for 36 aircraft (34 ATR 72-600s and 2 ATR 42-600s) in 2016. The company reached in 2016 its second-highest turnover ever (US$ 1.8bn), and its third-highest year in terms of deliveries (80 aircraft), confirming the appetite of the market for modern turboprops. The aircraft manufacturer also secured a healthy […]
Reading Time: < 1 minute Ryanair could abandon the UK domestic market following Brexit the Irish LCC’s Chief Financial Officer (CFO), Neil Sorahan, has told Bloomberg. Speaking a day after Prime Minister Teresa May confirmed the United Kingdom would be leaving the European Single Market, and by extension the European Single Aviation Market, Sorahan said the anticipated need for a […]
Reading Time: < 1 minute The Latvian airline airBaltic achieved +10% passenger growth in 2016, and is set to accelerate its growth with +16% of additional tickets or seats on sale in 2017 throughout its network spanning Europe, Scandinavia, Russia, CIS and the Middle East. Chief Executive Officer of airBaltic Martin Gauss: “We are proud that 2016 was a successful […]
Reading Time: 2 minutes The news that Lufthansa plans to wet lease 38 aircraft from its competitor, airberlin, has resulted in Ryanair CCO, David O’Brien, announcing at a media briefing in London that the Irish low-cost carrier will soon be lodging a complaint based on the grounds it is anti-competitive. The deal between Lufthansa and airberlin, which was agreed […]
Reading Time: 3 minutes Demand for international tourism remained robust in 2016 despite challenges. International tourist arrivals grew by 3.9% to reach a total of 1,235 million, according to the latest UNWTO World Tourism Barometer. Some 46 million more tourists (overnight visitors) travelled internationally last year compared to 2015. Available data for Africa points to an 8% rebound in […]
Reading Time: 5 minutes Rush-hour traffic is unbearable for many commuters today – and the problem is growing. By 2030, 60% of the world’s population will live in cities, which is 10% more than today. To address this rising concern, Airbus is harnessing its experience to make the dream of all commuters and travellers come true one day: to […]