Ethiopia has begun preparations for a US$10 billion plan to build Bishoftu International Airport (BIA), set to rival the world’s largest hubs. The African Development Bank (AfDB) will lead the financing effort, aiming to mobilise nearly US$8 billion. It will also provide US$500 million, subject to Board approval. The mandate letter was signed by Ethiopian
The former flagship of Lufthansa, the Lockheed L-1649A Super Star, has been meticulously restored to its 1950s glory, complete with its classic livery. In recent weeks, the aircraft underwent a full repaint at Münster/Osnabrück Airport, a task entrusted to Altitude Paint Services (APS). The work was made possible through the generous contribution of Hamburg-based manufacturer
Crestone Air Partners (Crestone), a wholly owned subsidiary of Air T, has announced the creation of Blue Crest Aviation Partners (Blue Crest), a new joint venture with funds managed by Blue Owl Capital. The initiative is designed to acquire mid-life commercial jet aircraft on lease to airlines worldwide, focusing on a disciplined, income-oriented investment strategy.
Pilot union VNV and KLM have reached a comprehensive preliminary agreement that will enable the airline to adequately staff pilot positions, increase revenue, and strengthen its financial position. It is expected that more than 10,000 additional flights can be operated as a result, allowing millions of extra passengers to reach their destinations. As part of
Daher Aircraft has announced the establishment of a permanent presence in Brazil, responding to increasing demand for its TBM and Kodiak turboprop aircraft in the region. The new office will be based in São Paulo and will serve as the central hub for Daher Aircraft’s operations in Brazil. It will oversee key functions including customer
IBA, the aviation market intelligence and advisory firm, has reported that market values for new-generation wide-body aircraft have increased by an average of 11.6% since 2021. This reflects a sustained recovery in long-haul demand, ongoing fleet renewal and strong aircraft trading activity. According to IBA Insight, values had fallen sharply during the pandemic, dropping by
Heathrow has formally submitted proposals for a 100% privately financed third runway, which could be operational within a decade if supported by Government policy. The expansion is expected to deliver at least 30 new daily routes, improved domestic connectivity and greater choice in flight times, while redesigning the airfield for faster departures and more reliable
IBA, an aviation market intelligence and advisory company, has reported continued growth in global passenger capacity and shifting aircraft delivery patterns in the first half of 2025. Global Available Seat Kilometres (ASKs), a key measure of passenger capacity, rose by 4.6% compared with the first half of 2024 and stood 9.8% higher than in the
Hundreds of flights were delayed across the UK after the air traffic control (ATC) system went down for about 20 minutes on Wednesday, July 30, the Guardian has reported. The disruption raised fears of a repeat of the August 2023 outage, when hundreds of thousands of passengers’ travel plans were thrown into chaos. Nats, the
JetBlue and United Airlines (United) have completed the U.S. Department of Transportation (DOT) review of their proposed Blue Sky collaboration, allowing the airlines to move forward with implementation. The review, led by Secretary Duffy and Assistant Secretary Edwards, marks a major step toward integrating services designed to expand travel options and enhance loyalty benefits for
