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Bad weather continues to affect Finnair’s traffic in the coming days

The storm in Central Europe and the runway restrictions caused by heavy snowfall in Helsinki Airport on Tuesday congested Finnair operations at Helsinki Airport severely on Tuesday evening. An overtime working ban by Finnish aviation union also contributed partly to the situation. Finnair had to cancel over 60 flights and many flights were delayed. Finnair […]

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Norwegian purchases additional slots at London Gatwick

Norwegian has acquired an additional 28 weekly slots at London Gatwick Airport from summer 2018. The take-off and landing slots, purchased from Small Planet Airlines, will allow Norwegian to plan for continued growth at Gatwick. London Gatwick is at the heart of Norwegian’s fast-growing UK operation, where the airline already flies more than 4.6 million

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Ted Christie to become CEO of Spirit Airlines in 2019

Spirit Airlines has released that Ted Christie, Executive Vice President and Chief Financial Officer, will assume the position of President and will join the company’s Board of Directors effective on January 1, 2018. In his management role, Christie will have overall responsibility for the finance, revenue, operations, IT and human resources functions of Spirit’s business.

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Tokyo Century Corporation to invest in Aviation Capital Group

Aviation Capital Group (ACG) has announced that its parent company, Pacific Life Insurance Company, has closed a transaction with Tokyo Century Corporation (TC) that results in an investment by TC for a 20% membership interest in ACG. In addition to this initial investment, TC has agreed to provide additional capital to ACG to help accelerate

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Pratt & Whitney inks 12-year EngineWise Fleet Management Agreement with S7 Airlines

Pratt & Whitney and S7 Airlines have signed an agreement for a 12-year Pratt & Whitney EngineWise™ Fleet Management Program. The agreement will cover S7 Airlines’ fleet of 30 Airbus A320neo and A321neo family of aircraft powered by the Pratt & Whitney PurePower® Geared Turbofan™ (GTF) PW1100G-JM engines.

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Boeing board establishes US$18bn share repurchase authorization

The Boeing board of directors has replaced the existing share repurchase program with a new US$18bn authorization. The company this year has repurchased US$9.2bn worth of its shares from the US$14bn authorization approved in December 2016. The new repurchase program replaces the existing one, bringing the total authorization to US$18bn. The timing and volume of

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U.S. Department of Commerce invests US$1m to establish new aviation and engineering research center in Florida

A new project at Embry-Riddle Aeronautical University, funded by a US$1m grant from the U.S. Department of Commerce through its Economic Development Administration (EDA), is expected to create 387 new jobs and spur US$1.6m in private investment. On Dec. 11, U.S. Secretary of Commerce Wilbur Ross announced that a US$1m award to Embry-Riddle will be

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