Aviation News Online

News Archive

  • Greek low-cost airline Ellinair announces Georgia flights
    Posted in: Airline, Zone: Europe
    Date: April 20, 2017

    The Greek low-cost airline Ellinair will perform flights on the route Heraklion-Tbilisi-Heraklion once a week on Thursdays from June 15 to September 14. Passengers will also be able to use the Thessaloniki-Tbilisi-Thessaloniki route that will link Tbilisi to the Greek port city from May 18 to September 14. The flights will be performed twice a […]

  • Norwegian launches London-Singapore route
    Posted in: Airline, Zone: Europe
    Date:

    Norwegian will launch a new route from London Gatwick to Singapore this winter as the airline’s growing low-cost long-haul UK network expands into Asia for the first time. From September 28, Norwegian will operate four weekly flights, increasing to five in the winter, from London Gatwick to Singapore Changi Airport, from £179 one way. The […]

  • Last call for 40 under 40 nominations
    Posted in: Editorial Comment
    Date: April 19, 2017

    This is the last call for nominations for Airline Economics 40 under 40 list, which highlights the most outstanding individuals in the commercial aviation industry. For the second year, we are compiling a list of the top 40 executives under 40 years of age in our industry that are deserving of recognition. This industry is […]

  • Air Canada IDR upgraded by Fitch
    Posted in: Finance, Zone: Americas
    Date: April 13, 2017

    Fitch Ratings has upgraded the Long-Term Issuer Default Rating (IDR) for Air Canada (AC) to ‘BB-‘ from ‘B+’. The Rating Outlook is Stable. Fitch has also affirmed AC’s senior secured credit facility at ‘BB+/RR1’. In addition, Fitch has upgraded Air Canada’s senior unsecured debt to ‘BB-/RR4’ from ‘B+/RR4’. The rating action is supported by AC’s […]

  • Delta Air Lines announces March 2017 quarter profit
    Posted in: Airline, Zone: Americas
    Date:

    Delta Air Lines has reported adjusted pre-tax income for the March 2017 quarter of $847 million, a $713 million decrease from the March 2016 quarter, primarily driven by higher fuel prices. “Despite fuel price pressures, the Delta people once again delivered solid results across the board, with double digit operating margins, strong improvements in customer […]

  • JetBlue Airways reports March traffic
    Posted in: Airline, Zone: Americas
    Date:

    JetBlue Airways Corporation has reported its preliminary traffic for March 2017 increased 2.9 percent from March 2016, on a capacity increase of 4.2 percent. The load factor for March 2017 was 85.7 percent, a decrease of 1.1 points from March 2016. JetBlue’s preliminary completion factor was 96.1 percent and its on-time performance was 70.8 percent. […]

  • Airbus shareholders approve all resolutions at 2017 AGM
    Posted in: Technology, Zone: Middle East/Africa
    Date:

    Shareholders of Airbus have approved all 14 resolutions proposed at its 2017 Annual General Meeting (AGM), including the appointment of a new independent director, renewal of the Chairman’s Board mandate and adoption of the Company’s new legal name. Following the AGM’s approval, Lord Drayson joins the Airbus Board of Directors as a non-executive member for […]

  • BelugaXL project progresses
    Posted in: Technology, Zone: Middle East/Africa
    Date:

    The first large sections of Airbus’ next generation new transport aircraft, the BelugaXL, have arrived at the aircraft Final Assembly facility (L34) in Toulouse. Following a five-night long road convoy from Aernnova’s factory in Berantevilla, north eastern Spain, the panels (two laterals, one central) are required to complete the rear section of the BelugaXL. Together […]

  • Avtrade appoints Sheeba Sreekumar
    Posted in: People, Zone: Europe
    Date:

    Avtrade has appointed Sheeba Sreekumar as Business Services Manager. A Master in Business Administration with specialisation in Supply Chain and Quality Management, Sheeba joined Avtrade’s Dubai office in 2010 as a Sales Coordinator, quickly becoming a valuable member of the team. Promoted to Business Services Manager, Sheeba will be responsible for the day to day […]

  • DMS Europe turns its attention to aircraft leasing
    Posted in: People, Zone: Europe
    Date:

    The recent rapid expansion of the aircraft leasing market has left the aviation finance industry looking for corporate service providers to serve the ever increasing use of special purpose vehicles (SPVs).  Ireland has long been considered the birthplace of the aviation finance industry and this explosion in demand for corporate service providers to the airline […]

  • Icelandic carrier to deploy navigation solution from Lufthansa Systems
    Posted in: Technology, Zone: Europe
    Date:

    Lufthansa Systems has announced Icelandair as a new customer of its Windows-based Lido/eRouteManual navigation solution. The Icelandic carrier has also opted for the Lido/AMM (Airport Moving Map) add-on module. The two companies recently signed a five-year agreement to this effect. “Icelandair initially had a workgroup review whether switching to digital navigational charts and a new […]

  • Completed ACJ319 to be redelivered
    Posted in: Maintenance, Zone: Europe
    Date:

    Lufthansa Technik is about to re-deliver a completed Airbus ACJ319 to its owner, an undisclosed VIP customer from the Greater China region. The completion has been performed by Lufthansa Technik’s VIP & Special Mission Aircraft Services Division in exclusive cooperation with the bespoke division of Hermès, Paris, renowned for its expertise in made to measure […]

  • Goshawk leases three A321s to Aeroflot
    Posted in: Leasing, Zone: Europe
    Date:

    Goshawk has signed an agreement with Aeroflot for 3 x A321 aircraft delivering in 2017. This is Goshawk’s first deal with Aeroflot and also marks Goshawk’s first transaction in Russia. Peter Watson, Goshawk CCO commented “We are very happy to partner with Aeroflot for 3 x A321s and we look forward to our first delivery […]

  • Yakutia resumes flights to Alaska and Seoul
    Posted in: Airline, Zone: Europe
    Date:

    Yakutia in resuming service to Alaska, after service suspension in 2016, and Seoul, which it last served in December 2014 and January 2015. The seasonal Petropavlovsk-Kamchatsky – Anchorage nonstop service will be offered from July 17 to September 4 using a 737-800 aircraft. The airline operates this route once a week. The non-stop service from […]

  • Book for Growth Frontiers Hong Kong
    Posted in: Editorial Comment, Zone: Asia/Pacific
    Date:

    Airline Economics Growth Frontiers Hong Kong 2017 is rapidly approaching – supporting airlines and the industry. The event is now filling fast – Contact us to book your place: Airline Economics Growth Frontiers Hong Kong 2017 The largest Aviation Finance & Leasing event in the APAC region with 1,431 delegates in 2016 Location: The Grand […]

  • HAECO PJS invests in 3D printing capability
    Posted in: Technology, Zone: Asia/Pacific
    Date: April 12, 2017

    HAECO Group’s cabin completion specialist, HAECO Private Jet Solutions (HAECO PJS) has invested in three dimensional (3D) printing capability, enabling the company to provide customers with miniature 3D models of their unique cabin industrial designs to scale. HAECO PJS’ introduction of the new 3D printing capability builds on the existing comprehensive portfolio of cabin services […]

  • ATSG subsidiaries to convert two B737-400 aircraft for China-Based airline
    Posted in: Cargo, Zone: Americas
    Date:

    Air Transport Services Group’s subsidiaries have acquired two Boeing 737-400 aircraft and will convert them to freighter configuration for lease to China-based Okay Airways. ATSG West Leasing Limited, an aircraft leasing company based in Ireland and a wholly owned ATSG subsidiary, has acquired and will lease the aircraft to Okay in late 2017 for terms […]

  • AAR Extends Supply Chain Solutions into New Product Line Via Agreement with ASL
    Posted in: Maintenance, Zone: Americas
    Date:

    AAR has been awarded a multi-year component support contract from ASL Aviation Holdings. The new contract for power-by-the-hour support for ASL Group’s airlines includes component support and repair for approximately 100 passenger and cargo aircraft, including ATR aircraft. AAR will support the contract with inventory purchased from ASL subsidiary ACLAS Global, which will be incorporated […]

  • Sunrise Airways begins flights to Orlando
    Posted in: Airline, Zone: Americas
    Date:

    Haiti-based Sunrise Airways will launch a new nonstop service between Port-au-Prince, Haiti and Orlando, Florida beginning in October 2017. The new three times a week service marks the carrier’s first-ever flights to/from the U.S. and the first-ever nonstop service connecting Orlando and Haiti. “For us, as an airline, and more importantly for the sizable Haitian […]

  • American Airlines Group reports March traffic
    Posted in: Airline, Zone: Americas
    Date:

    American Airlines Group total revenue passenger miles (RPMs) for March 2017 were 18.8 billion, down 1.2 percent versus March 2016. Total capacity was 23.0 billion available seat miles (ASMs), down 0.9 percent versus March 2016. Total passenger load factor was 81.5 percent, down 0.2 percentage points versus March 2016. The airline expects its first quarter […]

  • LATAM Airlines Group reports March 2017 traffic
    Posted in: Airline, Zone: Americas
    Date:

    LATAM Airlines Group and its subsidiaries reported a 2.1% increase in system passenger traffic while capacity increased by 1.2%. As a result, LATAM’s load factor for the month increased 0.7 points to 82.9%. International passenger traffic accounted for approximately 57% of the month’s total passenger traffic.

  • Fabienne Bricaud joins WFS as global head of people
    Posted in: People, Zone: Europe
    Date:

    Worldwide Flight Services (WFS) has appointed Fabienne Bricaud to the post of Global Head of People. As the world’s largest cargo handler and a leading provider of ground handling and technical services, WFS employs 18,000 staff at 188 major airports in more than 22 countries on five continents. Fabienne started her career in the telecommunications […]

  • Virgin strengthens its cargo team in Australia
    Posted in: Cargo, Zone: Europe
    Date:

    Virgin Atlantic Cargo has strengthened its team in Australia with the appointment of Amanda Matar as Account Manager – Sydney. Amanda joins Virgin Atlantic as the airline increases its long-haul cargo sales and management services for Virgin Australia with the launch in April of Virgin Australia’s five Boeing 777-300ER flights per week from Melbourne to […]

  • Taipei joins ABC’s Asia Pacific network
    Posted in: Cargo, Zone: Europe
    Date:

    AirBridgeCargo Airlines (ABC) has launched its twelfth online destination in Asia Pacific with twice-weekly Boeing 747 freighter services to Taipei. The addition of Taipei means ABC has doubled its route network for customers in the region in the last two years. AirBridgeCargo also offers 747F services to and from Tokyo, Seoul, Singapore, Hanoi, Phnom Penh, […]

  • IAA: Irish Air Traffic Expands 3% in March
    Posted in: Airline, Zone: Europe
    Date:

    The Irish Aviation Authority (IAA) confirmed that total air traffic safely handled by the IAA increased by 3% (or 88,202 movements) in March 2017 compared to the same month in 2016. There was an increase of 5.6% in North Atlantic Communications flights (Europe /US Flights) to 38,768 during March 2017 in comparison to March 2016. […]

  • Searching for 40 under 40
    Posted in: Editorial Comment
    Date: April 11, 2017

    Airline Economics is calling for nominations for the most outstanding individuals in the commercial aviation industry. For the second year, we are compiling a list of the top 40 executives under 40 years of age in our industry that are deserving of recognition. This industry is made up of some of the most talented people […]

  • Lufthansa Technik receives CAAC approval to perform heavy maintenance on Airbus ACJ319
    Posted in: Maintenance, Zone: Asia/Pacific
    Date:

    The Civil Aviation Administration of China (CAAC) has approved Lufthansa Technik as maintenance station for Airbus A319 aircraft. This new approval enables the company to perform line and heavy maintenance services as well as cabin refurbishments on Chinese B-registered Airbus A319 aircraft. The approval has been obtained in line with the first A319ACJ base maintenance […]

  • Bangkok funds one ATR 72-500
    Posted in: Finance, Zone: Asia/Pacific
    Date:

    On April 10, 2017, Bangkok Airways closed the commercial financing of one ATR 72-600 (MSN 1392). Crédit Agricole CIB (CACIB) acted as mandated lead arranger. Bangkok Bank Public Company Limited, CACIB and KASIKORNBANK Public Company Limited acted as lenders. CACIB also acted as facility agent and security trustee. Holman Fenwick Willan advised the finance parties, […]

  • SkyWorks first quarter activities
    Posted in: Finance, Zone: Americas
    Date:

    During the first quarter of 2016, SkyWorks Asset Management Services conducted several transactions, including: sourcing and advising a U.S. based investor on the acquisition of one A319 aircraft on lease to American Airlines; arranging the sale of a portfolio of 10 A319 aircraft on lease to American Airlines on behalf of a U.S. investor; arranging […]