With a current 30-year concession for Athens Airport due to end in 2026 Athens International Airport SA (AIA) has increased its offer for a 20-year extension to the concession, which would take the term up to 2046. The offer has been increased to €600 million, with net proceeds of €483.87 according to The Hellenic Republic
According to the International Air Transport Asociation, passenger numbers announced for April have revealed that revenue passenger kilometers (RPKs) rose 10.7% compared to April 2016, the highest rate hike in over six years. April capacity in available seat kilometers (ASKs) rose 7.1% compared to April 2016, while load factor increased 2.7% to 82%, a record
The U.S. Department of Transportation’s Federal Aviation Administration (FAA) has indicated it intends to issue a civil penalty of US$435,000 against United Airlines for an alleged breach of safety by operating an aircraft which was not technically in an airworthy condition. The safety breach relates to the replacement of a faulty fuel pressure pump switch
British Airways (BA), the UK’s flag-carrying airline has been left to lick its wounds after a backup generator failed to kick-in immediately following a power surge and which knocked out its whole of the carrier’s computer system on Saturday. This left the airline having to cancel all weekend flights from both Heathrow, Europe’s busiest airport,
In an attempt to reinstate Russia as a major player in the commercial aviation industry in the post-Soviet era, Irkut, a subsidiary of the state-owned aerospace conglomerate United Aircraft Corporation, has announced the successful maiden flight of its MC-21, which is intended to challenge the Airbus A320 and Boeing 737. Though the flight lasted only
The Filipino low-cost carrier Cebu Pacific has announced the suspension of over 50 percent of its Middle Eastern Operations, citing an oversupply of seats driving prices down to an unsustainable level. Flights from Manila to Riyadh, Doha and Kuwait will all be affected. The carrier will maintain its other long-haul services to and from Dubai,
If plans to create a 3,500 meter third runway at Heathrow are to proceed, it will involve having to bridge a section of the M25, one of the UK and Europe’s busiest motorways. International Airline Group (IAG) estimate that the cost of this element alone would add a further £2-3 million to the current £17
Cathay Pacific Airways, the largest international airline in Asia, announced in a statement on Monday that it is to shed 600 jobs, including 190 management positions, in the carrier’s largest restructuring for 20 years. The job losses do not affect pilots or cabin crew, should be complete by the end of the year, and will
Gulf carrier Emirates Airline has reported an 82% fall in profit for the fiscal year 2016-17 to AED 1.3 billion, with a profit margin of 1.5%. Emirates Airline and Group Chairman and Chief Executive, Sheikh Ahmed bin Saeed Al Maktoum, pointed the finger at Brexit, terror attacks and European immigration challenges as principal factors for
It was announced in St Petersburg that the International Air Transport Association (IATA), the Joint Inspection Group (JIG), and Airlines for America (A4A) have signed a Memorandum of Understanding (MOU) with the intention of strengthening and promoting quality assurance and safety in global aviation fueling processes. The signing of the MOU is intended to help
