29 September 2023

Portuguese carrier TAP is being put up for sale by the government

Portuguese government looks to sell off TAP as it becomes profitable

Financial

Portugal’s flag-carrying airline, TAP Air Portugal (TAP), has now become profitable and, as a consequence, is being put up for sale by the government. The move comes after the stricken carrier was granted a €3.2 billion bailout in the form of a taxpayer-funded restructuring programme. Portugal’s Finance Minister has announced that a minimum 51% stake […]

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Aviation market intelligence and consultancy company IBA forecasts improving airline profits by 2025

IBA predicts airlines to achieve an average margin of 9% by 2025

Other News

IBA, the aviation market intelligence and consultancy company, forecasts improving airline profits with a global average EBIT (Earnings Before Interest and Tax) margin of 9% in the 2025 financial year, compared to just 2% in 2022 and 7% in 2019 prior to the COVID pandemic. IBA’s ISTAT-certified experts forecast a mixed picture across global regions,

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Richard Stoddart becomes Satair's new CEO and Head of Airbus Material Services

Satair appoints Richard Stoddart Chief Executive Officer

People

Satair, an Airbus Services company, has appointed Richard Stoddart as its new Chief Executive Officer and Head of Airbus Material Services, effective October 1 2023. Stoddart joins Satair with a wealth of experience from the Airbus Defence and Space and Commercial Aircraft divisions, where he has led various customer-oriented programmes and most recently headed Airbus’

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Flyvbird’s first aircraft will be the nine-seat Tecnam P2012 Traveller

New regional airline flyvbird progresses with ‘flyvAI’ prototype

Aircraft & Engines

flyvbird, Europe’s new low-cost, on-demand regional airline model, has confirmed the creation of its flyvAI prototype, featuring proprietary algorithm and software architecture. It has been developed in collaboration with customised software development company Startup House of Poland, working in close collaboration with flyvbird’s CEO Anton Lutz. The system will now be fine-tuned over the next six

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Moviation has signed a Letter of Intent to purchase Eve’s Urban ATM solution

South Korea’s Moviation signs LoI for Eve’s Urban ATM solution

Information Technology

Eve Air Mobility (Eve) and Moviation, South Korea’s first Urban Air Mobility (UAM) service provider, have announced the signature of a Letter of Intent to purchase Eve’s Urban ATM solution. The software solution will be a key enabler to the implementation and scalability of Urban Air Mobility (UAM) and provides critical traffic management services that

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