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Oil prices rise as Saudi attack disrupts global supply; airline stocks drop

Oil prices rise as Saudi attack disrupts global supply; airline stocks drop

🕔11:30, 16.Sep 2019

Over the weekend an attack took place on a Saudi Arabian oil facility removing around 5% of global supplies which has seen oil post its biggest ever intraday jump to more than $71 a barrel, Bloomberg reports. The attack, which

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Cargo specialists ABC and CLA offering live digital platform bookings

Cargo specialists ABC and CLA offering live digital platform bookings

🕔11:11, 16.Sep 2019

AirBridgeCargo (ABC) and CargoLogicAir (CLA) are now offering live bookings for its digital platform, which is said to open up numerous opportunities for its existing and potential customers.  ABC and CLA capacities are available online for cargo, covering general and

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Finnair set to appoint new chief digital officer and executive board member

Finnair set to appoint new chief digital officer and executive board member

🕔11:05, 16.Sep 2019

Finnair is set to appoint Tomi Pienimäki as its new chief digital officer and executive board member, effective 1 October. Pienimäki, who currently serves as a member of the board in Aallon Group, will replace Katri Harra-Salonen in the role

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J.P. Morgan releases its valuation for worldwide airlines

J.P. Morgan releases its valuation for worldwide airlines

🕔10:59, 16.Sep 2019

J.P. Morgan has released its valuation for airlines across the world, highlighting some of the major airlines in each region. In the Latin America region the report says that after several years of a challenging demand environment and great focus

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Pegasus Air welcomes first of  43 A321neos as part of expansion strategy

Pegasus Air welcomes first of 43 A321neos as part of expansion strategy

🕔10:42, 16.Sep 2019

Turkey’s Pegasus Air has taken delivery of its first Airbus A321neo, with 42 more of the aircraft set to follow. The delivery has been a long time coming for Pegasus Air who first ordered the aircraft back in 2012 as

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Amazon set to open regional air hub in Texas

Amazon set to open regional air hub in Texas

🕔10:31, 16.Sep 2019

Amazon has said its regional air hub at the Fort Worth Alliance Airport will open in October. The regional air hub is the first build-to-suit airport project of its kind in the Amazon Air network and was designed to support

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Air Nostrum enlists Ideagen’s Coruson software  for real-time reporting of safety and risks

Air Nostrum enlists Ideagen’s Coruson software for real-time reporting of safety and risks

🕔10:06, 16.Sep 2019

Spain’s Air Nostrum is to work with UK-based global software firm Ideagen in a project that will enhance safety, quality and risk management across the organisation. The Valencia-based company, which caters for 74,000 flights and 4.3 million passengers per year,

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Airbus appoints Andrew Forbes as head of MENA region

Airbus appoints Andrew Forbes as head of MENA region

🕔10:02, 16.Sep 2019

Airbus has appointed Andrew Forbes as its new head of the Middle East and North-Africa region of Secure Land Communications. Forbes replaced Selim Bouri who has moved on to another position within Airbus.  In the role, Forbes will build on

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Aegean Airlines reveals H1 2019 financial results

Aegean Airlines reveals H1 2019 financial results

🕔09:57, 16.Sep 2019

Aegean Airlines has revealed a consolidated revenue of €519 million (approximately ) in its first-half 2019 financial results, 14% higher compared to 2018. Its net losses narrowed to €13 million, an improvement from €13.8 million in 2018. Strong performance during

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CLG granted air operator certificate to commence commercial operations

CLG granted air operator certificate to commence commercial operations

🕔09:48, 16.Sep 2019

Cargologic Germany GmbH (CLG) has been granted an Air Operator Certificate (AOC) from the German civil aviation authority (LBA) and is now ready to commence commercial operations. The airline will initially focus on providing short-term capacity to customers across Europe

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