The resultant fallout from the recent physical removal of David Dao from a United Airlines flight and ‘bullying’ of a woman with a stroller by a flight attendant on board an American Airlines flight continues. Airline chiefs, including United’s CEO Oscar Munoz, attended a four-and-a-half-hour hearing on Capitol Hill where Bill Shuster, R-Pa., House Transportation
Despite Sydney Airport Holdings, the 84% owner of Sydney’s Kingsford Smith Airport, walking away from the project, the Australian federal government has confirmed its intention to go ahead with the building of a new AU$5-AU$6bn Sydney airport. The location will be at Badgerys Creek in the Western Sydney district, approximately 60km from the city’s central
The day after Boeing announced a Q1 19% rise in profits, Airbus has announced a fall in adjusted operating profit of 51%, to €240m for Q1 2017. Revenue increased 7% to just under €13bn and while analysts had predicted a loss, the 52% drop was appreciably greater than the 31% anticipated. Airbus shares fell by
Through the signing of a definitive agreement, Dubai Aerospace Enterprise (DAE) has announced its intention to acquire the AWAS group of companies, a leading global aircraft leasing company. While terms of the transaction have not been disclosed, it is understood that it will be financed from funds managed by Terra Firma Capital Partners and the
Republic Airways Holdings, the parent of Republic Airline, one of the largest independent regional airlines in the United States, released that the Honorable Judge Sean Lane of the United States Bankruptcy Court for the Southern District of New York, has approved Republic’s Plan of Reorganization and has entered an order to that effect. This decision
Rostec State Corporation, the parent company of Russia’s United Engine Corporation (UEC), has announced this week that a 21.9 billion ruble investment will be made between 2017 and 2025 to upgrade production facilities prior to going into mass production of the Aviadvigatel PD-14 engine which will be used to power the new Irkut MC-21 narrow-body
After lengthy negotiations between unions and the Italian flagship carrier Alitalia, mediated by the Italian government, a rescue package for the ailing airline has been put to the vote, with approximately 12,500 employees casting their ballots between Thursday, April 20 and Monday April 24. In mid-March a comprehensive restructuring deal was put on the table
Following on from the announcement that 245 workers are to be laid off on May 19 after action taken by Boeing in January and March this year, the commercial airplanes unit has warned employees that hundreds more engineers are likely to be affected by another round of involuntary layoffs. It is understood these will begin
In response to last week’s highly publicised incident where a passenger on a United Airlines jet was forcibly removed to make way for a United crew member, the carrier has announced a change to its policy relating to ‘must-ride’ crew members. From now on, such crew members must make a seat booking at least one
Boeing and Silk Way have announced an order for 10 737 MAX 8 airplanes. The order, valued at US$1.1bn at current list prices, was previously attributed to an unidentified customer on the Boeing Orders & Deliveries website. “Silk Way’s success and profitability is a direct result of investing in its fleet and services and growing
