Tag: development

Munich Airport Posts Strong Gains in Q1 2017

Reading Time: < 1 minute Munich Airport’s dynamic growth has continued into the first quarter of 2017: both passenger traffic and the number of take-offs and landings were up over 5 percent as compared with the same quarter a year earlier. The airport handled 9.4 million passengers – more than ever before in the first quarter of a calendar year. […]

Liberalized Kazakhstan Set to Attract New Carriers

Reading Time: 3 minutes Kazakhstan is to adopt a permanent free-market “open skies” air transport policy at the airport serving its capital city of Astana from May of this year, timed to begin just prior to the Expo 2017 event being held there from June, the gateway’s official representative has told Russian Aviation Insider. This bold decision of the […]

Lufthansa to Invest €500 Million in Customisation and Digitisation

Reading Time: 3 minutes People are used to arranging their lives according to their customized preferences. To support this, the Lufthansa Group is making major investments in the areas of product customization and digitalization. Between now and 2020, the Lufthansa Group will be investing 500 million euros in the new development and improvement of personalized digital offers alone. Whether […]

Russian Government to Invest in Ilyushin Aircraft

Reading Time: < 1 minute The Russian government plans to invest RUB20.4 billion ($350 million) in Ilyushin Il-114-300 aircraft and RUB17.2 billion in long-haul, widebody Il-96-400 aircraft in 2018-2019. The investments were disclosed by Deputy Prime Minister Dmitry Rogozin at the first meeting of the newly created government aviation board March 6. Last year, the government allocated RUB52 billion to […]

Bell Helicopter Continues to Shape the Future of Vertical Lift

Reading Time: 2 minutes Bell Helicopter, a Textron Inc. company, unveiled its vision for the future of rotorcraft – the FCX-001. This is Bell Helicopter’s first concept aircraft and presents a 3-D roadmap for delivering safer, smarter and more efficient rotorcraft solutions. “For the past 80 years, Bell Helicopter has imagined the art of the possible and brought those […]

Boeing Celebrates Rollout of First 737 MAX 9

Reading Time: 2 minutes Boeing marked a milestone as the first 737 MAX 9 made its debut in front of thousands of Boeing employees. The 737 MAX 9 is the second member of Boeing’s industry leading 737 MAX family, with a maximum capacity of 220 passengers and a range of 3,515 nautical miles. The airplane now begins system checks, […]

Qantas Posts $372 Million Net Profit for 1H FY2017

Reading Time: 2 minutes Qantas reported a consolidated net profit of A$515 million ($372.1 million) for the first half of its FY2017 (July-December 2016), down 25.1% from A$688 million in the first half of FY2016. Group revenue declined 3.3% to A$8.2 billion for the period. Expenses stayed even year-over-year (YOY) at A$7.4 billion. The group’s operating profit came to […]

Norwegian Reports 2016 Net Profit of More than NOK1.1bn

Reading Time: < 1 minute Global expansion driven by new routes, high load factors and continued fleet renewal, contributed to Norwegian’s best ever annual result, with a net profit of NOK1,135m (£109m). Operating profit (EBIT) was NOK1,820m. The results are influenced by Norwegian’s international growth, particularly on intercontinental routes, as well as increased presence in the UK and Spain. The […]

Pratt & Whitney Expanding Business to Meet the Increased Demand

Reading Time: 2 minutes Pratt & Whitney, a division of United Technologies Corp., announced that it will invest approximately $386 million in its Columbus, Georgia, facility to increase the production of parts and maintenance services and to reduce costs for new and existing engine programs. The investments will go toward the purchase of automated machinery and equipment upgrades and […]

Bombardier Reports Fourth Quarter and Full Year 2016 Results

Reading Time: 4 minutes Bombardier has reported its fourth quarter and full year 2016 results. The Company also affirmed its guidance for 2017 and highlighted another quarter of solid performance as it executes its turnaround plan. “Our turnaround plan is in full motion,” said Alain Bellemare, President and Chief Executive Officer, Bombardier Inc. “In 2016, Bombardier delivered on its […]