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 Video of a recent landing in Sao Paolo went viral as an aircraft, billowed by gale force cross-winds, was forced to abort a landing attempt despite touching down on the runway with its rear wheels. Unfortunately, that video would be the only time the pilot operating that particular flight would be able to see himself land. […]
Reading Time: 3 minutes Aiste, a former flight attendant, who worked for one of well-known airlines, notes that during the very first flight she realised the necessity and importance of foundation set by cabin crew training. However, after a few years of work, she noticed that there are things that are difficult to predict and you have to be […]
Reading Time: 4 minutes The International Air Transport Association (IATA) expects 7.8 billion passengers to travel in 2036, a near doubling of the 4 billion air travelers expected to fly this year. The prediction is based on a 3.6% average Compound Annual Growth Rate (CAGR) noted in the release of the latest update to the association’s 20-Year Air Passenger […]
Reading Time: 3 minutes The International Air Transport Association (IATA) announced industry performance statistics for 2016 showing that system-wide, airlines carried 3.8 billion passengers on scheduled services last year, an increase of 7% over 2015, representing an additional 242 million air trips. This information is included in the 2017 edition of the IATA World Air Transport Statistics (WATS), the […]
Reading Time: 4 minutes In 2016 Lufthansa reported that a single six-day-long pilot strike cost the airline €100 million ($118 million). It was the 15th time in two years when pilots at the Lufthansa group’s namesake airline had walked out in a lengthy battle led by the local union. And legacy carriers are far from the only ones suffering […]
Reading Time: < 1 minute On the 20th-21st, Sep, 2017, Global Air Passenger 2017 took place, which is organized by Shine-Consultant as well as supported by Information Technology Research Base of Civil Aviation Administration of China and Airline Public Communication Alliance. The hot issues and the trend of development in the business made attendees involved and spoke actively which lead […]
Reading Time: 4 minutes The civil aviation market is expected to grow by 5% annually, creating the demand for around 40,000 aircraft in the next two decades, according to estimates of both Airbus and Boeing. This provides plenty of opportunities for lessors, but the aircraft leasing market is a highly competitive field, and high returns are not always possible. […]