Mitsubishi Aircraft has confirmed that an order for 40 of its MRJ90 (Mitsubishi Regional Aircraft) jets has been canceled by U.S. carrier Eastern Air Lines. The order was originally placed back in July 2014. In 2017 Eastern Air Lines was acquired by rival carrier Swift Air (not to be confused with Spain’s Swiftair), with its
Having seen a tail-off in demand for flights to the U.S after the introduction of certain policies by President Donald Trump’s administration, the Dubai flag-carrying airline Emirates is looking to restore a number of flights to certain U.S. cities that had previously been canceled. Daily flights to five cities were reduced to five a week,
Having joined the low-cost carrier easyJet late in 2016 as its Chief Commercial Officer (CCO), current changes to the management structure will see the top marketing role become superfluous, with company CEO, Johan Lundgren, confirming it had been agreed that this was the “right time” for Peter Duffy to leave. Duffy’s remit when he joined
Despite the best efforts of British Airways’ owner, IAG, the purchase of Niki, the low-cost subsidiary of now defunct Air Berlin, has been secured by the airline’s founder, former F1 World Champion, Niki Lauda. Several weeks ago, IAG had been announced as the successful bidder for the bankrupt Austrian airline, though at the time, insolvency
Commenting at the Airline Economics Conference in Dublin on Monday, January 22, four of the major carriers, Delta Air Lines, American Airlines, United Airlines and Dubai-based Emirates, confirmed they will not be hedging fuel bills, despite a recent rise in the cost of oil. For the first time in three years, the global Trent benchmark
According to preliminary figures released by the International Civil Aviation Organization (ICAO), 2017 saw a 7.1% increase to a record figure of 4.1 billion for the number of passengers carried by the aviation industry. While the number of departures, globally, rose to circa 37 million, world passenger traffic measured in revenue passenger-kilometers (RPKs) was up
Boeing is entering into a joint venture with automotive seat manufacturer Adient to develop and produce airplane seats. Boeing will hold a 49.99 percent stake in the new company, Adient Aerospace, which will be located in Kaiserslautern, near Frankfurt, Germany. The move comes at a time when the aerospace industry is witnessing a number of
Unless Airbus and Emirates can come to an agreement over the guaranteed manufacture and supply of the A380 ‘superjumbo’, it is likely that the Toulouse-based plane manufacturer will cease the aircraft’s production. Currently, Emirates is the principal operator of the aircraft, with just over 100 in operation, and another 40-plus on order. Last November, Airbus
In a politically charged move, the Indian Narendra Modi government has agreed to sell a 49% stake in the state-owned flag carrying airline, Air India, thus still retaining a controlling interest. This is seen as a strategic divestment of an airline which has failed to show an annual operating profit for over ten years, and
Despite indicators intimating that, with a 5.8% annual growth in October 2017, air cargo had passed a cyclical growth peak, global air freight climbed 8.8% in November, compared to November the previous year, in freight tonne kilometers (FTKs). In addition, for the 16th consecutive month, in November demand growth outstripped capacity growth with freight capacity,
