Tag: growth

Global Flight Simulator Market Worth $7.54 Billion by 2021

Reading Time: 1 minute The global flight simulator market is expected to grow from USD 6.18 billion in 2016 to USD 7.54 billion by 2021, at a CAGR of 4.1% from 2016 to 2021. The market is mainly driven by factors such as the need for more pilot training given the rise in air traffic, the adoption of virtual […]

Austrian Airlines Introduces New Career Model for Pilots

Reading Time: 2 minutes A new career model has been introduced for the approx. 1,000 pilots working for Austrian Airlines. The accord was signed by the company, the Works Council for the flight crew, the trade union and the Austrian Federal Economic Chamber within the context of a reform of the collective agreement. The new collective agreement (“KV”) takes […]

Flydubai Cuts Losses in 1H

Reading Time: 2 minutes Low-cost carrier (LCC) flydubai reduced its deficit for the 2016 first half, registering a net loss of AED89.9 million ($24.5 million), a 39% improvement on the same period a year ago. The Dubai-based LCC achieved the result on revenue of AED2.3 billion, up 5.4% year-on-year. Passenger numbers were up 16.5% to 4.9 million, while business […]

AirAsia Receives Its First A320neo

Reading Time: 1 minute AirAsia has taken delivery of its first A320neo at a dedicated ceremony in Hamburg. The aircraft is the first CFM International LEAP-1A powered A320neo in South East Asia and the second worldwide. Equipped with a Space Flex Cabin for an optimal passenger comfort and efficiency, the aircraft is configured with 186 seats. AirAsia is Airbus’ […]

Demand for Air Cargo Strengthens in July

Reading Time: 2 minutes The International Air Transport Association (IATA) released data for global air freight markets in July 2016 showing robust growth in demand. Measured in freight tonne kilometers (FTKs), demand increased 5.0% in July 2016, compared to July 2015. This was the fastest pace in almost 18 months. Freight capacity measured in available freight tonne kilometers (AFTKs) […]

Global Record: 42 Million Annual Passengers at Gatwick

Reading Time: 2 minutes Gatwick Airport is now in a league of its own as it breaks its own record for the number of passengers travelling on a single runway – more than 42 million passengers now travel through the airport annually. This new record was achieved on the same weekend that Cathay Pacific’s new route to Hong Kong […]

Gatwick Achieves Busiest-Ever Month in Its 80 Year History

Reading Time: 2 minutes Gatwick Airport has achieved the busiest single month in its 80 year history as 4.6m passengers travelled through the airport in July, +6.9% on the same month last year. Long-haul routes continue their impressive growth at the airport, growing 23% collectively versus last July, against a backdrop of traffic growth stalling at other major European […]

ICAO Leaders to Highlight Aviation Growth in Asia-Pacific

Reading Time: 1 minute Addressing aviation leaders at the 53rd Conference of Asia and Pacific Directors General of Civil Aviation in Colombo, Sri Lanka, ICAO’s Council President and Secretary General stressed the need for greater partnership and cooperation and a globally-aligned approach to safely and sustainably manage aviation’s tremendous current growth, which is particularly strong in the Asia and […]

Emirates Group Announces Record Profits

Reading Time: 8 minutes Group records 28th consecutive year of profit, and new record profit of AED 8.2 billion (US$ 2.2 billion) Steady business growth in line with capacity increases, significant investment in the business at AED 17.3 billion (US$ 4.7 billion) Declares a dividend of AED 2.5 billion (US$ 681 million) to the Investment Corporation of Dubai. Emirates […]

IATA: Moderating Demand Growth in March

Reading Time: 3 minutes The International Air Transport Association (IATA) announced global passenger traffic results for March showing that demand (measured in revenue passenger kilometers, or RPKs) rose 5.3%, compared to the same month last year. Capacity grew slightly faster at 5.9% which pushed the average load factor down by half a percentage point to 79.6%. March performance shows […]