Category: Airlines & Airports

Embraer $81 Million Net Result Reflects Loss from Republic Bankruptcy

Reading Time: 2 minutes Brazilian manufacturer Embraer reported net income of $80.8 million for 2015, down 76.8% from the company’s $347.7 million net profit in 2014. Embraer’s 2015 revenue was $5.93 billion, down 5.7% year-over-year (YOY) from the manufacturer’s 2014 revenue of $6.29 billion. Embraer’s operating expenses for the year fell 2.6% YOY to $5.6 billion, resulting in operating profits […]

Republic Airways Blames Pilot Shortage for Bankruptcy

Reading Time: 1 minute Republic Airways, which operates regional flights for Delta, American and United, announced recently that it is going through Chapter 11 bankruptcy. While an airline going bankrupt is not unusual news, the reason behind the announcement is. The airline blamed its problems on a shortage of pilots. “Our filing today is a result of our loss […]

US Carriers Apply to Start Scheduled Flights to Cuba

Reading Time: 2 minutes All four US major carriers and at least three independents filed applications with the US government Wednesday seeking approval to provide nonstop services to Cuba. The flood of filings, submitted March 2, come after the US and Cuba announced an agreement in February to resume scheduled commercial air service. Services are expected to begin late […]

Singapore Airlines’ First Airbus A350-900

Reading Time: 1 minute Singapore Airlines’ first Airbus A350-900 arrived in Singapore this morning from the Airbus Delivery Centre in Toulouse. The aircraft’s arrival was celebrated in grandeur with a spectacular water cannon salute and a ceremony graced by Singapore’s Coordinating Minister for Infrastructure and Minister for Transport, Mr Khaw Boon Wan, as well as distinguished guests who had […]

SpiceJet Plane Takes Off Without Tyre But Lands Safely

Reading Time: 1 minute A plane operated by low-cost Indian airline SpiceJet lost a tyre while taking off from Bengaluru on Tuesday, but managed to land safely at its scheduled destination, Kolkata. The airplane had 211 passengers on board, including seven crew members. Ground staff at the Bengaluru airport saw the remains of the burst tyre after takeoff at […]

Auckland Welcomes Emirates A380 World Record Passenger Flight

Reading Time: 1 minute The longest non-stop commercial flight ever has touched down today. An Emirates Airbus A380 completed its massive journey from Dubai to Auckland in 17 hours and 15 minutes. The plane covered an enormous 8,824 miles (14,200km). It chops three hours off the current flight time between the two cities. The flight beat the previous record held by […]

Air Serbia Records Strong Passenger and Cargo Growth in 2015

Reading Time: 3 minutes Air Serbia, the national airline of the Republic of Serbia, has delivered strong operational results in 2015, seeing significant growth in passenger and cargo volumes during its second full year of operation. The airline carried 2.55 million passengers last year, representing an 11 per cent increase over 2014, and contributing strongly to the record operational […]

Emirates Previews Cebu and Clark to Travel Industry Partners

Reading Time: 2 minutes With its inaugural service just four weeks away, Emirates today hosted over 75 travel industry partners for its Cebu and Clark Route Launch Presentation, presented jointly with the Philippine Tourism Promotions Board. Today’s presentation focused on educating the travel trade industry around the Emirates’ upcoming two gateways.  Khalid bel Jaflah, Divisional Vice President, Commercial Operations […]

The Reality of European Airports and Future Prospects

Reading Time: 9 minutes Europe’s position as the most visited continent and the increase of the new destinations and routes to connect the world oblige European airports to expand. So what is the real demand for that and what are the biggest changes in the field of airport development? Increasing the number of passengers in Europe According to the […]

London City Airport Sale Confirmed

Reading Time: 2 minutes Alberta Investment Management Corporation, on behalf of its clients (“AIMCo”), OMERS, Ontario Teachers; Pension Plan (“OTPP”) and Wren House Infrastructure Management Limited (“Wren House”), the infrastructure investing arm of the Kuwait Investment Authority, (each a “Consortium Member” and collectively the “Consortium”), is pleased to announce that it has signed an agreement to acquire the company […]