Tag: investment

Edinburgh Airport Expanding To Meet Anticipated Record Passenger Demand

Reading Time: 2 minutes Work has begun on the construction of an extension to the South-East Pier of Edinburgh Airport which should be completed by the summer of next year. The extension will see the creation of new boarding gates and seating areas between gates 13 and 14.Work has begun on the construction of an extension to the South-East […]

Buying Stakes In Legacy Airlines Not An Option: Oman Air CEO

Reading Time: < 1 minute Oman Air is looking to grow flights into India, but the carrier’s plans don’t include buying any stakes in airling Air India. CEO Paul Gregorowitsch said the Gulf’s history with buying stakes in legacy airlines hasn’t born fruit. “As a businessman, you are far more eager to participate with a profit-making airline and not having […]

Turkish Airlines Looking At Equity Investments In Asia

Reading Time: < 1 minute Turkish Airlines chief is looking at buying stakes in airlines across India, China and the US. Speaking to reporters last month, the airline’s CEO Ilker Ayci mentioned he is looking at investing in equity stakes in airlines as a way to offset potential shocks from growing protectionism. “We have grown organically so far, but politicians […]

American Inks Deal For $1.6 Billion Investment At LAX

Reading Time: < 1 minute American Airlines and the Los Angeles World Airports (LAWA) announced that American would continue its investment at LAX, committing more than $1.6 billion over the next 15 years. The investment will go toward improvements of Terminals 4 and 5. American’s letter of intent sets the framework for negotiation of a new 15-year lease agreement and […]

Brussels Airlines Makes Investment To Renew Its Long-Haul Fleet

Reading Time: 2 minutes Brussels Airlines will acquire seven Airbus A330-300 ‘CEO’ aircraft to replace seven older A330-200 and A330-300 aircraft that are ending their leasing period. This is expected to take place between 2018 and 2019. The carrier, together with the Lufthansa Group, conducted a comprehensive study on the replacement of seven of their ten long-haul aircraft. Based […]

Delta Is Testing Facial Recognition Technology

Reading Time: 2 minutes Delta is introducing four self-service bag drop machines at Minneapolis-St. Paul International Airport this summer, a $600,000 investment that allows customers to quickly, securely and easily check their own bags. One machine will be equipped to test facial recognition technology to match customers with their passport photos through identification verification, a first for U.S. carriers. […]

American Airlines to Invest US$200m in China Southern Airlines

Reading Time: < 1 minute Two industry giants, American Airlines and China Southern Airlines, have created the foundation for a long-term relationship, with American Airlines’ commitment to make a US$200 million equity investment in China Southern Airlines. Currently, China Southern’s primary hub is located in Guangzhou (CAN) with the majority of its transpacific flights positioned there, while American flies to […]

DHL to Recruit 900 New Jobs at Cincinnati/ Northern Kentucky Hub

Reading Time: < 1 minute DHL Express reported that it will recruit approximately 900 new positions as the company completes the latest US$108m expansion of its Americas Hub at the Cincinnati/Northern Kentucky Airport. The expansion to a new day sort operation and projected growth in shipments is expected to increase the hub’s workforce to more than 3,300 from the current […]

Airways New Zealand Reports Strong Half Year Result

Reading Time: < 1 minute Airways New Zealand today announced its interim results for the period ending 31 December 2016, reporting a strong operational, safety and financial performance. The State Owned Enterprise has achieved an interim net profit after tax (NOPAT) of $13.8m, a 20 per cent increase on the prior year’s $11.5 million result. During the period, Airways recorded […]

Dubai Government to Invest US$3 Billion in Airport Expansion

Reading Time: < 1 minute With 78 million passengers in 2015, Dubai International Airport is the world’s largest international airport by passenger numbers, having seen a 13% annual compound annual growth since 2000. In 2010 a second Dubai international airport, Al Maktoum International Airport was opened. The Dubai government announced it will be investing US$3 million, with the intention of […]