Reading Time: 2 minutes After the three major U.S. legacy airlines have introduced basic economy fare classes in order to attract more fliers by offering less expensive tickets, a great confusion among American economy class travellers has arisen. Although „basic economy“ is the term that has already entered the daily lexicon of air travellers, this concept still seems to […]
Reading Time: 2 minutes Russia’s Aeroflot Group carried 43.4 million passengers in 2016, up 10.3% compared to 39.4 million passengers in 2015. Moscow Sheremetyevo Airport-based Aeroflot Airlines carried 29 million passengers, up 11% compared to 26.1 million in 2015. In addition to Aeroflot Airlines, Aeroflot Group includes Saint Petersburg-based Rossiya Airlines, Moscow-based low-cost carrier Pobeda Airlines and Russian Far […]
Reading Time: < 1 minute Etihad Airways is said to be in talks with banks to secure $2.6 billion in loans to finance aircraft purchases from Airbus and Boeing. The airline is hoping to finance 10 Dreamliner aircraft from Boeing for $200 million and an additional $600 million for the purchase of two Airbus A380s, according to a report by […]
Reading Time: < 1 minute The much-delayed opening of Berlin Brandenburg International Airport (BER) is expected to be postponed once again, after the discovery of new technical glitches with the control systems in the terminal doors, which present a fire safety risk. According to German news agency dpa, 1,200 doors need to be cabled to secure fire protection. If the […]
Reading Time: 2 minutes Australia’s international airports are in the process of automating 90 percent of air traveler processing by 2020 by implementing facial recognition technology that involves biometric recognition of faces, irises and/or fingerprints, hence eliminating the need to carry essential traveling documents such as passports. The Department of Immigration and Border Protection, while building on the Seamless […]
Reading Time: < 1 minute Ryanair could abandon the UK domestic market following Brexit the Irish LCC’s Chief Financial Officer (CFO), Neil Sorahan, has told Bloomberg. Speaking a day after Prime Minister Teresa May confirmed the United Kingdom would be leaving the European Single Market, and by extension the European Single Aviation Market, Sorahan said the anticipated need for a […]
Reading Time: < 1 minute The Latvian airline airBaltic achieved +10% passenger growth in 2016, and is set to accelerate its growth with +16% of additional tickets or seats on sale in 2017 throughout its network spanning Europe, Scandinavia, Russia, CIS and the Middle East. Chief Executive Officer of airBaltic Martin Gauss: “We are proud that 2016 was a successful […]
Reading Time: 2 minutes The news that Lufthansa plans to wet lease 38 aircraft from its competitor, airberlin, has resulted in Ryanair CCO, David O’Brien, announcing at a media briefing in London that the Irish low-cost carrier will soon be lodging a complaint based on the grounds it is anti-competitive. The deal between Lufthansa and airberlin, which was agreed […]
Reading Time: < 1 minute Russia’s Aeroflot Airline has filed for bankruptcy of its Orenburg-based Orenair and Rostov-on-Don-based Donavia subsidiaries, according to documents filed in Orenburg and the Rostov region’s commercial courts this month. A trial date for OrenAir has been set for Feb. 9, according to the commercial court database, reported by ATWonline.com. In August 2016, Aeroflot recovered a […]
Reading Time: < 1 minute United Airlines parent United Continental Holdings reported a full-year 2016 net profit of $2.3 billion, down 69.2% from net income of $7.3 billion in 2015. However, Chicago-based United’s 2015 earnings included a one-time $3.1 billion non-cash tax valuation benefit that skews year-over-year comparisons, especially since 2016’s earnings include a one-time tax expense of $1.5 billion. […]