At the end of 2013 it was estimated that there would be a 31% increase in worldwide airline passenger numbers between 2012 and 2017. Of this increase, 24% was estimated to be from the Chinese market. This figure equates to 195 million local passengers and 32.4 million international ones, making 227.4 million in total. The
Shell Aviation announced that it has expanded its Technical Services Agreements (TSA) portfolio, achieving a 19% growth on the total number of its customers in 20141. These customers are currently located in 41 countries, ranging from Southeast Asia, Africa & the Middle East to Australia and the Americas. The company offers airports, airlines and facility
Three countries have announced plans to trial a new means of enabling air traffic controllers to more easily follow planes travelling over large expanses of water, such as the Indian Ocean, which is believed to be the final resting place of Malaysian Airlines flight MH370. The news comes at an awkward time for the relatives
There is no question that safety is paramount in any airline – anything akin to an accident can have a dramatic effect on an airline. You only need to look at what has happened to a carrier such as AirAsia after three major crashes in such close relative proximity involving Southeast Asian planes. After such
It seems claims that Gulf carriers received government aid in excess of US$40bn to operate competitively will not go away. For Delta, United and American Airlines, the Open Skies Agreement, which was signed between the UAE, Qatar and the US nearly 20 years ago, is seen as an uneven playing field where government aid enabled
Singapore Technologies Engineering (ST Engineering) announced that its indirect associated company, Total Engine Asset Management (TEAM), has set up wholly-owned subsidiaries, TEAM France 01 S.A.S. and TEAM France 02 S.A.S in France. TEAM France 01 and France 02, with share capital of €230,001 (approximately S$352,385) and €70,000 (approximately S$107,247) respectively, will focus on supporting TEAM
Southeast Asia’s burgeoning airways businesses are now suffering from the level of competition in a now crowded market place. One of those to suffer most has been AirAsia, who has made a trading loss during each of the last five fiscal quarters and is now looking to cut flights on unprofitable routes, reallocation of staff
Southwest Airlines discovered a required maintenance check on the standby hydraulic system, which serves as a back-up to the primary hydraulic systems, was overdue on 128 Boeing 737-700 aircraft. Southwest immediately and voluntarily removed the affected aircraft from service, initiated maintenance checks, disclosed the matter to the FAA, and developed an action plan to complete
The consortium comprising the Russian Direct Investment Fund (RDIF), a US$10bn fund established to make equity investments into Russian economy, Changi Airports International (CAI), a wholly-owned subsidiary of leading airport operator Changi Airport Group, and Basic Element, one of Russia’s diversified industrial groups, has been announced as the winner of the tender to acquire shares
Greece and Russia, each with struggling economies, have reached an agreement for Greek carriers to gain access to Russian airports in Sochi , Kaliningrad, Vladivostok. While some may question the wisdom behind such a move when a number of Russian airlines are struggling, considerable investment has been made in airports at these destinations and this
