Reading Time: < 1 minute United Technologies Corp. (UTC) has reached a definitive agreement to buy Rockwell Collins for $30 billion, a mega-merger of aircraft parts and systems suppliers that will reshape the global aerospace manufacturing landscape. The $30 billion transaction value includes $23 billion in equity and Farmington, Connecticut-based UTC assuming $7 billion in Cedar Rapids, Iowa-based Rockwell’s debt. […]

Reading Time: < 1 minute 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 […]

Reading Time: < 1 minute Earlier this week shares in AirAsia fell by 1% on the release of disappointing Q2 net returns, with a 60% drop in net profit compared to Q2 2016. This result was mainly due to higher operating costs, predominantly 60% higher staff costs and 82% higher aircraft fuel expenses. Despite this result, the Kuala Lumpur-based Malaysian […]

Reading Time: < 1 minute Air Berlin has stopped offering direct flights from Berlin Tegel to Abu Dhabi Int’l, San Francisco, CA, Chicago O’Hare, Boston and Los Angeles Int’l from the end of September. Connecting long haul flights via Dusseldorf are still available, with the exception of Dusseldorf – Boston. Flights from Berlin to New York JFK are so far […]

Reading Time: < 1 minute Ryanair’s Chief Executive, Michael O’Leary, announced on Thursday, August 31, that the low-cost carrier intends to bid for 90 of Alitalia’s planes and associated routes. Although it has indicated that it intends to operate the planes with existing cabin crew and staff, some redundancies and aircraft lease restructuring will likely be required. Alitalia has been […]

Reading Time: < 1 minute Gulfstream Aerospace Corp. announced that the final aircraft in the Gulfstream G600 flight-test program has flown for the first time. Outfitted with a complete interior, the aircraft serves as a cabin testbed to ensure a superior customer experience. The aircraft is the fifth to join the G600 flight-test program since it began on Dec. 17, […]

Reading Time: 2 minutes China Eastern Airlines is to add more than 250 aircraft to the group’s fleet over the next five years, with 50 set to be introduced before the end of 2017. The airline, which in July agreed to take a 10 percent stake in Air France-KLM, said its fleet modernisation programme means 191 jets will be […]

Reading Time: 2 minutes The large-turboprop market is essentially a duopoly between Toulouse-based ATR and Canadian manufacturer Bombardier, but unlike the seesaw competition between Airbus and Boeing, it is one in which the European manufacturer has a clear advantage. ATR, jointly owned by Airbus and Leonardo of Italy, has a backlog of 250 aircraft—mostly for the 68-78-seat ATR 72-600, […]

Reading Time: < 1 minute 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 […]

Reading Time: < 1 minute 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 […]