Reading Time: < 1 minute Novosibirsk Tolmachevo Airport has been evacuated after an anonymous bomb call, the airport’s press service told TASS on Thursday. “Tolmachevo Airport’s help desk received an anonymous call about a bomb in the airport terminal. Terminal passengers and employees were evacuated,” the press service specified. Law enforcement officers are now carrying out special investigative operations to […]
Reading Time: < 1 minute According to ABC News, in 2016, 46 000 US travelers were bumped from flights. In Britain, even more, 50 000 passengers were asked to leave the plane the same year. Many airlines worldwide deliberately overbook their flights for economic reasons ruining thousands vacation and business plans. Airlines do everything to maximize profit by selling extra […]
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. […]
Reading Time: 3 minutes According to the latest data from the largest global aviation recruitment agency AviationCV.com more than 540 captains and over 170 first officers’ job ads are submitted at the moment. Most of them belong for Asian and European companies. Although the world is talking about the shortage of pilots, airlines do not want to make any […]
Reading Time: 3 minutes Inflight broadband has the potential to create a $130 billion global market within the next 20 years, resulting in $30 billion of additional revenue for airlines by 2035. Inflight broadband has the potential to create a $130 billion global market within the next 20 years, resulting in $30 billion of additional revenue for airlines by […]
Reading Time: < 1 minute AviaAM Leasing, a Warsaw Stock Exchange listed aircraft leasing company, is delighted to announce that its joint venture with the Henan Civil Aviation Development and Investment Company (HNCA) – AviaAM Financial Leasing China – has brought a $500 million-worth aircraft delivery project to a conclusion. Eight brand new aircraft were delivered to Aeroflot -Russian Airlines […]
Reading Time: < 1 minute Russia and China have agreed to develop a gas-turbine engine for the joint commercial aircraft (LRWBCA). The memorandum of cooperation was signed by Russia’s United Engine Corporation (UEC) and China’s AECC Commercial Aircraft Engine Co. (AECC CAE) at Aviation Expo China 2017 in Beijing. UEC says the program’s priorities are to research the widebody aircraft […]
Reading Time: 4 minutes The aviation industry is rapidly expanding, particularly within the Middle East and Asia Pacific. In fact, China alone is projected to overtake the U.S. as the world’s leading aerospace market by 2024. In addition, the rise of low-cost airline fares and budget flyers mean that air travel will soon be accessible to much of the […]
Reading Time: < 1 minute Russia’s largest airline Aeroflot has sold 4.8% of its shares to an undisclosed buyer. The shares in question belonged to the carrier’s subsidiary Aeroflot Finance. Kommersant daily reports that the shares represented a quasi treasury stock used for voting purposes by the airline’s management. The impending sale of this stock had been mentioned previously in […]
Reading Time: 2 minutes Russia’s United Engine Corporation (UEC) on Wednesday signed a memorandum of understanding with China’s AECC Commercial Aircraft Engine Company calling for the joint development of a turbofan engine for the proposed new Russian-Chinese widebody known as the C929 in China and the LRWBA (long-range widebody aircraft) in Russia. The MOU, signed during Aviation Expo China […]