With fuel coming second only to wages as an airline’s greatest outgoing, a period of critical planning awaits them with rising prices coinciding with the traditionally busy summer season. In 2018 alone jet fuel prices have risen 15 percent, while over the last twelve months they have risen by approximately 60 percent. With schedules and
AHS BERLIN Aviation Handling Services GmbH and AeroGround Berlin GmbH, two ground handling companies, have agreed on a long-term strategic cooperation at Berlin Airports in an attempt to create synergies and to strengthen their market position. Among independent providers of passenger handling and operations services, AHS leads the market in Germany, operating at Berlin’s Tegel
A database system used to deploy staff crashed at Frankfurt Airport between 0100 and 1130GMT Wednesday, causing the cancellation of 70 flights, 23 of which were at Lufthansa. Lufthansa confirmed that in addition, it had to reduce the number of arrivals at the airport, resulting in a number of passengers missing connecting flights, while other
The immediate repercussions of President Trumps decision to pull out of the nuclear accord with Iran will see export licenses for Boeing and Airbus revoked according to Steve Mnuchin, U.S. Treasury secretary. While based in Toulouse, France, Airbus is directly affected as over ten percent of its planes’ parts are manufactured in the U.S. by
With Air France striking for a fourteenth day since this round of strike action began in February, Air France CEO Jean-Marc Janaillac has resigned, causing the share price of Air France to plummet. The Group has had trouble with the French unions for a long time. More recently, the pilot’s union SNPL has carried out
The Supervisory Board of Deutsche Lufthansa AG has approved the order of up to 16 additional aircraft in a meeting on May 7. The list price of the aircraft is approximately €2.1bn. Delivery is scheduled to take place in stages until 2022. The investment plan for the 2018 fiscal year remains unchanged. The order includes
The International Air Transport Association (IATA), which represents some 280 airlines comprising 83% of global air traffic, has released data for global air freight markets revealing that demand, measured in freight tonne kilometers (FTKs), was up 1.7% in March 2018, compared to March 2017. This represents a drop of five percentage points compared to the
In a press release issued on May 3, by Bombardier, aside from highlighting a 12% increase in year-over-year revenue to US$4bn, the plane and train maker has also announced that it has entered into a definitive agreement to sell its Downsview, Toronto property to the Public Sector Pension Investment Board for approximately US$635 million, giving
Boeing has announced that it has entered into a definitive agreement to acquire KLX Inc. excluding KLX Inc.’s Energy Services Group. KLX is a major independent provider of aviation parts and services within the aerospace industry. The intention is for KLX to become fully integrated with Boeing’s Aviall in order to broaden the scope of
On a vote of 393-13 the House of Representatives has passed the Federal Aviation Administration (FAA) reauthorization bill which has guaranteed the agency’s funding for the next five years. The legislation has also included provision for directing how disaster funds are spent, though there is no financial allocation via the measure for such programs. Legislation
