Following on from the rostering debacle, Ryanair has addressed the competitiveness of the low-cost carrier’s pilots’ pay, together with communication, career progression and basing. Michael O’Leary, the company’s CEO has claimed that the pay offered was “already slightly higher” that competitor airlines, but he admitted that response to a tightening market for experienced first officers
Alaska Airlines and CFM International have signed a nine-year Rate Per Flight Hour (RPFH) maintenance agreement to support 128 CFM56-7B engines that power the airline’s s fleet of Boeing Next-Generation 737-800 aircraft. The agreement, which includes spare engines, is valued at nearly $500 million U.S. at list price. Rate per Flight Hour agreements are part
Embraer and American Airlines have signed a firm order for ten E175 jets. American Airlines is exercising its purchase rights from its original contract with Embraer signed in 2013. This new order is in addition to the one placed in April for four aircraft. This new order is valued at US$457m, based on current list
The International Air Transport Association (IATA) has made it clear to the Philippines’ government that major changes need to be made to infrastructure, proposed taxation and the Adoption of Smarter Regulation Principles to maximize social and economic benefits that aviation can bring to the country. In a speech delivered at the Philippine Aviation Day in
easyJet has signed an agreement with airberlin to acquire part of its operations at Berlin Tegel airport for a purchase consideration of €40m. This excludes potential start-up and transitional operating costs. The acquisition is subject to regulatory approvals and is expected to close in December 2017. The acquisition will result in easyJet entering into leases
In the release of the recent update to the International Air Transport Association 20-Year Air Passenger Forecast, passenger numbers traveling in 2036 are expected to reach 7.8 million, nearly double the 4 billion passengers that are expected to travel during 2017, based on a 3.6 percent average Compound Annual Growth Rate (CAGR). According to IATA’s
The Boeing Company has reported third-quarter revenue of US$24.3bn, with GAAP earnings per share of $3.06 and core earnings per share (non-GAAP) of US$2.72, reflecting strong deliveries, services and delivery mix, and overall solid execution. The company’s cash flow guidance is increased to US$12.5bn from US$12.25bn, driven by improved performance. Full year EPS guidance is
Boeing and Singapore Airlines (SIA) formally announced a deal for 20 777-9s and 19 787-10s. The order, previously attributed to an unidentified customer, is worth US$13.8bn at current list prices. The value of this sales transaction will sustain thousands of U.S. suppliers and more than 70,000 direct and indirect U.S. jobs during the delivery period
Threats of legal action against Island Air, Hawaii’s second-largest airline, has seen the airline file for Chapter 11 bankruptcy in order to protect it from any threatened action to ground its aircraft and leave hundreds of passengers stranded and to allow it to continue inter-island operations. Only this year Island Air had invested heavily in
Two years after Bombardier first offered Airbus a stake in its CSeries of aircraft, it has been announced that the European aerospace giant is to take a majority 50.1% interest in Bombardier’s C-Series Aircraft Limited Partnership. Bombardier and Investissement Québec will own about 31% and 19%, respectively. Airbus will contribute no cash for its majority
