Reading Time: < 1 minute Boeing and Embraer have confirmed they are undergoing talks towards a possible merger. The confirmation follows a report that the two companies were in discussion by the Wall Street Journal. “There is no guarantee a transaction will result from these discussions. Boeing and Embraer do not intend to make any additional comments regarding these discussions,” […]
Reading Time: 4 minutes According to the CIA World Factbook, there are 41,820 airports around the world, but not all are created equal, as every investor knows. As the global economy shifts to the East, it’s little wonder that four of the largest airports by the number of passengers carried are located in Asia: Bejing (PEK), Tokyo (HND), Hong […]
Reading Time: 2 minutes Ryanair announced that it has written to the pilot unions in Ireland, the UK, Germany, Italy, Spain and Portugal inviting each of them to talks to recognise these unions as the representative body for pilots in Ryanair in each of these countries, as long as they establish Committees of Ryanair pilots to deal with Ryanair […]
Reading Time: 2 minutes A power outage brought the world’s busiest airport to a standstill Sunday, ruining holiday travel for thousands and threatening another day of headaches, with hundreds of flights on Monday already canceled. Hartsfield-Jackson International Airport in Atlanta lost power shortly after 1 p.m. ET on Sunday, leaving passengers trapped inside airport terminals and some in planes […]
Reading Time: 2 minutes Air Berlin subsidiary Niki is closing its flight operations, after the take-over by Lufthansa has failed. Niki has filed for insolvency and as of December 14, flights will no longer take off. The European Commission has refused to authorize the airlines’ acquisition by Germany’s largest carrier, Lufthansa. Despite offering to give up a number of […]
Reading Time: 6 minutes The International Air Transport Association (IATA) forecasts global industry net profit to rise to $38.4 billion in 2018, an improvement from the $34.5 billion expected net profit in 2017 (revised from a $31.4 billion forecast in June). Highlights of expected 2018 performance include: A slight decline in the operating margin to 8.1% (down from 8.3% […]
Reading Time: 3 minutes Hundreds of flights have been canceled and Bali international airport was shut down due to Volcano eruption in Bali. So far over 400 flights were cancelled stranding 59 000 travelers since the Bali’s Ngurah Rai airport – also known as Denpasar International airport – closure on Monday because of falling volcanic ash. After reviewing the […]
Reading Time: 2 minutes Despite instability in the region, fluctuating oil prices and unpredictable politics, the Gulf region is still one of the most attractive destinations for aviation specialists. With the recent news of laptop bans, visa restrictions, a slowdown of the oil industry in the Middle East it may seem that the aviation industry in this region is […]
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 Following an intensive flight test campaign performed in less than a year, the A350-1000 has received Type Certification from the European Aviation Safety Agency (EASA) and the Federal Aviation Administration (FAA). The certified aircraft is powered by Rolls-Royce Trent XWB-97 engines. The EASA A350-1000 Type Certification document was signed by EASA’s Certification Director, Trévor Woods, […]