Speaking at a Barclays industrial conference in Miami, Bombardier Inc’s CFO John Di Bert gave a strong indication that the market for the higher-end business jet was now favored sellers instead of vendors, which it had done since the economic and financial crisis in 2008. “You’re starting to see that turn into being a bit
The European Aviation Safety Agency (EASA) has released the first formal Opinion on the safe operating of small drones in Europe and which will become an important stepping-stone to the building of a wider regulatory framework and a means to keep drone operations safe. This Opinion will act as a platform on which the European
While a record number of U.S. passengers were recorded in 2017, an increase of 4.5% compared to 2016 figures, the resultant increase in volume has seen a drop in the level of satisfaction experienced by passengers. The result of an annual Air Travelers in America Survey has revealed that of those passengers questioned, only 81%
Sardinia-based airline Meridiana is aiming to become Italy’s premier airline under a new name, Air Italy. The airline acquired the smaller Air Italy in 2011 and will adopt its name and fly as a new Air Italy. Alitalia, Italy’s previous flag carrier, went into administration in May last year and is now being auctioned off
Subsequent to last month’s indication from General Electric Company’s (GE’s) new CEO, John Flannery, that he was exploring the possibility of breaking up the company, sources are indicating that the sale of its industrial gas turbine business is being seriously considered. The possible sale of the industrial gas turbine business, which would include the Jenbacher
Six weeks after United States’ carriers announced a unilateral ban on smart luggage, this has now been implemented luggage where the lithium-ion batteries have not been removed prior to transportation. Airlines, including Delta, American and United, will not allow so-called smart luggage to be transported on their aircraft where the component battery cannot be removed.
Investors will be keeping a keen eye on how airlines approach the dual problems of rising fuel costs and labor costs this year. Last December the International Air Transport Association (IATA) highlighted these two elements, which are airlines’ highest expenditures, as the major challenge for 2018. In 2016, labor costs accounted for 22% of airlines’
The head of commercial sales at the Canadian plane and train manufacturer Bombardier has admitted to there being a “bit of a pause” in orders being placed for the C-Series jet while waiting for completion of the recent partnership deal with Airbus. It was in October the deal for Bombardier to sell a majority stake
The sixth Singapore Airshow will start on Tuesday, February 6 and will run until Sunday, February 11. Originally called the Changi Airshow, the bi-annual Singapore Airshow is now held adjacent to Singapore’s Changi International Airport, at the Changi Exhibition Center which offers approximately 42,500 square meters of indoors space and over 100,000 square meters of
Spirit’s fourth quarter 2017 revenue was US$1.7bn, up 9% from the same period of 2016, primarily driven by higher recurring and non-recurring activity on the Boeing 737 program, higher production deliveries on the 787 program and increased defence-related activity, partially offset by lower production deliveries on the Boeing 777 program. Revenue for the full year
