M.K. Aviation has concluded the purchase and lease of three engines (PW4168A, CFM56-7B26/3, and RB211-535E4) to leading European carriers in February. “The purchase of the engines together with their ...
The International Air Transport Association (IATA) has welcomed the announcement by Canada’s Minister of Transport, the Honorable Marc Garneau, to implement an Interim Order restricting the use of rec...
LATAM Airlines Group reported an operating margin of 7.6% for fourth quarter 2016, an improvement of 1.4 percentage points over the same quarter in 2015, and net income of US$54.3 million, a US$70.6 m...
The U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) reported that U.S. airlines carried an all-time high number of passengers in 2016 – 823.0 million systemwide, 719.0 mi...
The National Union of Air Transport Employees (NUATE) has threatened to disrupt Aero Contractors’ operations by today if the airline refuses to recall the workers sacked recently. Aero is yet to give ...
Kenya’s international airline bookings grew 16.4 per cent between September 2016 to January this year compared to the same period the previous year, buoyed by preparations for Easter and other upcomin...
Wizz Air Holdings has promoted Diederik Pen, Chief Operations Officer, to the role of Executive Vice President & Chief Operations Officer effective April 1, 2017. Diederik Pen joined Wizz Air in Janua...
In its first meeting, held after the Annual General Meeting, Finnair’s Board of Directors elected Colm Barrington Vice Chairman of the Board. The Board also appointed members to its Audit Committee an...
The European Commission has re-adopted a cartel decision against 11 air cargo carriers and imposed a fine totaling €776,465,000 for operating a price–fixing cartel. The Commission's original decision ...
Airbus, which announced on 7 August 2016 that the United Kingdom Serious Fraud Office (SFO) had opened an investigation into allegations of fraud, bribery and corruption in the civil aviation business...
Accelya, a provider of financial and commercial solutions to the airline industry, and Mercator, a global provider of product-enabled solutions to the travel and transportation industry, have complete...
Fitch Ratings has affirmed Ryanair Holdings (RYA) Long-Term Issuer Default Ratings (IDR) and Ryanair DAC's senior unsecured rating at 'BBB+'. The Outlook on the IDR is Stable. Fitch commented that Rya...
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