Reading Time: < 1 minute Northrop Grumman Corporation, a leading global security company, and Orbital ATK, a global leader in aerospace and defense technologies, have entered into a definitive agreement under which Northrop Grumman will acquire Orbital ATK for approximately US$7.8bn in cash, plus the assumption of US$1.4bn in net debt. Orbital ATK shareholders will receive all-cash consideration of US$134.50 […]

Reading Time: < 1 minute Ryanair will cancel up to 50 flights a day over the next six weeks as it seeks to “improve its system-wide punctuality” which has fallen below 80% in the first two weeks of September.” Ryanair blamed air traffic control delays, strikes and weather disruptions as causes of delays outside its control. It is also in […]

Reading Time: < 1 minute Any expected order by Emirates for Airbus’ A350 or Boeing’s 787 have been put on hold, Emirates president Tim Clark told reporters at Aviation Festival in London. Emirates had placed an order for 70 Airbus A350s that was cancelled in June 2014, but the airline’s chairman Sheikh Ahmed bin Saeed al Maktoum had said he […]

Reading Time: < 1 minute German carrier airberlin, which filed for bankruptcy last month, is to close all of its long-haul routes to the Caribbean from Sept. 25 because of cuts to its long-haul fleet. On Sept. 11, the oneworld member said its entire Caribbean network will be closed, including flights from Dusseldorf to Curacao (Dutch Antilles), Cancun (Mexico), Havanna […]

Reading Time: < 1 minute Cathay Pacific is looking to cut staff costs by 10% following a poor first half performance, and is asking pilots to accept a pay freeze, reports the South China Morning Post. The news site has seen an internal memo which shows of 2016’s staff costs of HKD19.7 billion (USD2.5 billion), half was attributable to pilots […]

Reading Time: < 1 minute China’s voracious appetite for new aircraft has caused Boeing to raise its long-term demand forecast for the country. The U.S. manufacturer predicts that China will require 7,240 new aircraft through 2036, comprised of 5,420 narrowbodies, 1,490 widebodies, 180 freighters and 150 regional aircraft. The total is 6.3% higher than 2016’s 20-year forecast. “China’s continuous economic […]

Reading Time: 3 minutes The International Air Transport Association (IATA) has announced global passenger traffic results for July showing strong but moderating demand growth. Total revenue passenger kilometers (RPKs) rose 6.8%, compared to the same month last year, down from 7.7% year-over-year growth recorded in June. All regions reported solid or better growth in passenger volumes over the past […]

Reading Time: 2 minutes Russia and China are demonstrating growing demand for new business jets, reads the latest 10-year Global Business Aviation Outlook by international aerospace services and solutions provider Honeywell. Nevertheless, experts predict a decline in bizav sales in Russia and the CIS. The document states that the aforementioned two countries plus Brazil remain the primary drivers behind […]

Reading Time: 3 minutes The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), increased by 11.4% in July 2017 compared to the same period a year ago. This was the fourth time in five months that double-digit annual growth was recorded. July’s year-on-year increase in demand […]

Reading Time: < 1 minute Along with Swiss International Airlines, airBaltic was an early bird in ordering Bombardier’s C Series aircraft. The Latvian carrier has now received seven of its 20 CS300s. “The aircraft has performed beyond company expectations, delivering better overall performance, fuel efficiency and convenience for both staff and the passengers,” a spokesperson says. AirBaltic also subscribed to […]