Reading Time: 2 minutes Alex Jacquot, the 10-years-old self-appointed CEO and the founder of Australia’s newest airline, Oceania Express, has sent a viral letter to the CEO of Qantas to ask some questions on the establishment of the carrier and seek some advice on what to do next. First of all, the little player of the huge aviation market […]
Reading Time: < 1 minute Aer Lingus chief executive Stephen Kavanagh will step down on January 1, 2019 but will remain on the airline’s board as a non-executive director. He will be succeeded as chief executive and executive director by Sean Doyle who is currently British Airways director of network, fleet and alliances. Sean Doyle, originally from Cork, will take […]
Reading Time: < 1 minute Air France KLM shares slumped on Monday after the company’s chief executive said he would resign following the rejection of a pay deal by the airline’s staff continuing their industrial action in pursuit of a 5.1% pay rise. A series of Air France strikes—13 one-day walkouts so far in recent weeks—have cost the company at least […]
Reading Time: < 1 minute The Chief Executive Officer of Kenyan start-up Baracuda Airways has been arrested on allegations of fraud, reports ch-aviation. John Majiwa was tracked down and taken into custody this past weekend and has been charged with scamming more than forty investors out of KES200 million (USD1.9 million), according to Kenyan newspaper The Star. The Kenyan Flying […]
Reading Time: 2 minutes The International Air Transport Association (IATA) announced that Alexandre de Juniac has officially taken on the role of Director General and CEO of the organization. He succeeds Tony Tyler, who served as IATA DG and CEO since 2011 and had announced his retirement. “I am excited to be taking on this great responsibility. IATA plays […]
Reading Time: < 1 minute Boeing posted a first-quarter net profit of $1.22 billion, down 9% from net income of $1.34 billion in the prior-year period, and reaffirmed guidance that full-year 2016 revenue and commercial aircraft deliveries will be slightly down from 2015. The manufacturer’s first-quarter revenue rose 2% year-over-year to $22.63 billion and operating profit was $1.79 billion, down […]
Reading Time: < 1 minute Lufthansa Cargo is going to closely collaborate with promising technology startups. Lufthansa’s logistic division is the first freight airline globally to participate in the new “Logistics Tech Accelerator” program in cooperation with US-American company RocketSpace – who has been helping tech startups and corporate innovation professionals bring the future to market since 2011. A corresponding agreement […]
Reading Time: 2 minutes American Airlines Group Inc. (NASDAQ: AAL) reported its first-quarter financial results before the markets opened on Friday. The company said it had $1.25 in earnings per share (EPS) on $9.4 billion in revenue, compared to consensus estimates from Thomson Reuters of $1.19 in EPS on revenue of $9.44 billion. In the same period of last […]
Reading Time: < 1 minute Spend per passenger at Heathrow Airport climbed +7.7% to reach £8.10 in the first three months of this year, figures show. In its Q1 results announced today, the London hub reported an increase in retail revenue of +10.6% to reach £136 million, due largely to significant refurbishments at Terminal 5 that have piqued duty and […]
Reading Time: 2 minutes Garuda Indonesia has confirmed an order with Airbus for the purchase of 14 A330-900neo, the new re-engined version of the best-selling A330 widebody airliner, to support the company’s growth and business expansion in the future. The deal was signed at a ceremony in London in the presence of the President of Indonesia, His Excellency Joko […]