The Indian government has given the go-ahead for the privatisation of the loss-making and debt-ridden Air India. Finance Minister Arun Jaitley confirmed that subsequent to a cabinet meeting, “in principle” approval has been given for the sale of a stake in the airline. This is one of a series of initial steps that needs to
The International Air Transport Association (IATA) has released data which reveals that the South African air transportation sector is responsible for contributing US$12bn to the country’s GDP, while providing employment for approximately 490,000 people if tourism-related jobs are also included. The figures were revealed in a study conducted by Oxford Economics on behalf of IATA
American Airlines has announced that Qatar Airways is looking to acquire a 10% stake in the world’s largest carrier, though the board would have to approve it in advance if it is to progress. Currently the American carrier has made it abundantly clear that its bylaws prohibit “anyone from acquiring 4.75% or more of the
In collaboration with L3 Technologies, Airbus is to implement new deployable and fixed flight recorders on its airline programs. Two versions are to be produced, one which is a crash-protected Cockpit Voice and Data Recorder (CVDR) capable of recording 25 hours of data on one single recorder. The second version is an Automated Deployable Flight
Based just south of Denver, Colorado, Boom has provided updated figures on orders received for its supersonic jet, which is currently still undergoing trials with a one-third size demonstrator, XB-1. To date 76 orders have been received, which include non-refundable down payments. Boom is a startup company which is promising to produce a supersonic passenger
Airbus has announced that Dublin-based CDB Aviation Lease Finance DAC (CDB Aviation) has signed a memorandum of understanding (MoU) for 30 A320neo jets and 15 A321neos, with cabin configuration and engine choice to be decided at a later date. In addition to this MoU, 15 A320neos from a previous CDB Aviation order are being changed
As the 52nd Paris Airshow opened on June 19th, or to give it its official title, the Salon international de l’aéronautique et de l’espace de Paris-Le Bourget, focus this year is more likely to be on delivery of planes as opposed to orders. As usual, much of the spotlight will be on aerospace industry giants
Following the escalation of the diplomatic row between Qatar, and Egypt, Bahrain, The United Arab Emirates and Saudi Arabia, which has seen the cutting of diplomatic and transport ties, the Gulf state has turned to the United Nations (U.N.) for help. Qatar has sent a letter to the International Civil Aviation Authority (ICAO) governing council
Based on principles that have been debated for years, President Trump has endorsed a proposal to privatize air traffic control in the U.S. with the signing of a memo and letter to Congress. The move forms a part of Trump’s US$1 trillion initiative to rebuild the country’s ageing infrastructure, which includes old and inefficient airports.
Saudi Arabia, Egypt, Bahrain and the United Arab Emirates have cut ties with fellow Gulf nation, Qatar, over its apparent terrorist sympathies and support of Islamic groups, which is destabilizing the region. The four countries have made it clear they intend to cease all land, sea and air traffic to and from Qatar, while also
