Reading Time: < 1 minute The MC-21, Russia’s advanced narrow-body airliner programme, remains under the close supervision of the country’s government, which is also continuing to contribute sponsorship funds directly from the federal budget. The latest allocation of state funds authorised by government decree and which came into effect on February 6, is in line with the government’s aim to […]

Reading Time: < 1 minute Polish leisure carrier Small Planet Airlines Sp. z o. o announced it has entered into restructuring (accelerated arrangement proceedings) under the Polish law. This step has been planned as an integral part of the business administration changes in Small Planet Group. Small Planet Airlines Sp. z o. o, the biggest Polish charter airline by passengers […]

Reading Time: < 1 minute China would encourage private investment in 28 airport, drone and maintenance projects worth a total of US$16 billion, as part of its efforts to make the sector more globally competitive, the Civil Aviation Administration on China said in a joint statement with the National Development and Reform Commission, Reuters report. Eleven of those projects already […]

Reading Time: 2 minutes At the British-Irish Airports Expo in London, London Gatwick Airport’s Chief Executive, Stewart Wingate, announced a new five-year Capital Investment Plan (CIP) for Gatwick Airport which will see an investment of £1.1bn over a five-year period, with £266m already earmarked for 2018/2019 alone. Gatwick sees continued growth in the long-haul market, predicting passenger numbers increasing […]

Reading Time: 2 minutes Boeing wrapped up a crowdsourcing initiative March 9 that gathered employee ideas for workforce investments that the company has pledged to make as a result of the benefits of tax reform legislation. Boeing asked employees directly for ideas on how to spend $100 million on learning and development for the future. The company built a […]

Reading Time: < 1 minute Ryanair, Europe’s favourite airline, announced an additional investment of $300 million at Manchester airport with an extra three based aircraft for its peak summer 2018 schedule (June-September) as it added 10 new summer routes to Agadir, Almeria, Barcelona Reus, Belfast, Cagliari, Palermo, Ponta Delgada, Porto, Rhodes, & Venice Treviso and more flights on existing routes. […]

Reading Time: 2 minutes In a politically charged move, the Indian Narendra Modi government has agreed to sell a 49% stake in the state-owned flag carrying airline, Air India, thus still retaining a controlling interest. This is seen as a strategic divestment of an airline which has failed to show an annual operating profit for over ten years, and […]

Reading Time: 3 minutes Being shocked by a number of bankruptcies, for around 7 years the global aviation industry had been subject to diminished enthusiasm from investors. However, since 2016, record-low aviation fuel prices have led to more green on the airlines’ balance sheets, growing cash flows in the market and an increasingly positive outlook on the future of […]

Reading Time: 2 minutes Lufthansa Group’s supervisory board has approved a €1 billion ($1.2 billion) investment to purchase and lease up to 61 aircraft for its LCC subsidiary Eurowings as the bidding process for parts of the insolvent airberlin continues. The funds will be used to acquire up to 41 Airbus A320 family aircraft and 20 Bombardier Dash 8 […]

Reading Time: 8 minutes Malaysia Airlines experienced a tough second quarter with heightened competition and adverse forex movement. Load factors continued to be strong and passenger revenue saw positive year on year (YoY) growth amidst the tough operating environment. Group CEO Peter Bellew said, “The second quarter passenger revenue saw an increase of 8%, on the back of 1.8% […]