Etihad Airways said that it improved its core operating performance by 22% in 2017, despite facing challenges including significant fuel cost increases, the entry into administration of its equity partners Alitalia and airberlin, and initial investment in a comprehensive business transformation programme. The airline increased revenues from core operations by 1.9% to US$6.1 billion (2016:
U.S. Department of Transportation Secretary Elaine L. Chao has announced the Federal Aviation Administration (FAA) will award US$677 million in airport infrastructure grants, the first allotment of the total US$3.2 billion in Airport Improvement Program (AIP) funding for airports across the United States. The 241 grants will fund 346 infrastructure projects that include runways, taxiways,
Having received all required regulatory approvals, Airbus SE, Bombardier and Investissement Québec (IQ) have agreed to close the C Series transaction effective on July 1, 2018. The transaction by which Airbus will acquire a majority stake in the C Series Aircraft Limited Partnership (CSALP) was initially announced in October 2017. The Mirabel-based partnership, which was
The French hotel group Accor has confirmed this week that it has been in discussions to purchase all or part of the French government’s 14.3 percent stake in Air France KLM, which at current share value would stand at €420 million (US$491 million). According to the Telegraaf, the French media had originally leaked the story
Transoft Solutions, a global leader in transportation engineering design and analysis software, has released, that its Belgian affiliate company has acquired Airtopsoft SA, a leading developer of airspace and airport modeling solutions. Airtopsoft will continue operating as a standalone company, managing key operations from its office in Belgium. Terms of the transaction were not disclosed.
Boeing and Safran have jointly announced from New York and Paris, respectively, their intention to collaborate in the design, build and construction of Auxiliary Power Units (APUs) for aircraft. The APU is a power system used predominantly by an aircraft when on the ground to power systems and start engines, though it can also be
Delta Air Lines and Los Angeles World Airports (LAWA) have announced a US$1.86 billion plan to modernize Terminals 2 and 3, together with the Tom Bradley International Terminal (Terminal B) at Los Angeles International Airport (LAX). LAWA is the governing body for LAX and Van Buys Airports. The project has been given the name Sky
Rolls-Royce has confirmed that completion of the sale of its fuel injector business, L’Orange, a wholly owned subsidiary of Rolls-Royce Power Systems, to Colorado-based Woodward took place on 1 June. The completion of the transaction, which was announced on 9 April, followed recent clearance from the German antitrust authorities. Net proceeds totalled €673 million after
Irish low-cost carrier Ryanair has confirmed its intention to raise its initial 24.9 percent stake in the Austrian carrier Laudamotion to 75 percent as soon as possible, subject to European regulatory approval. In addition, Laudamotion and Ryanair have agreed an option that will allow the Irish carrier to buy the remainder, allowing it to take
Israel Aerospace Industries (IAI), Israel’s largest national military and civilian security defense company, has issued its consolidated financial statements for the three months ended March 31, 2018. The Company’s sales in Q1 2018 amounted to US$ 883 million compared with US$ 837 million in Q1 2017, an increase of 5.5%. Operating income in Q1 2018
