Having previously and openly avoided in investing in the volatile sector, Warren Buffet and Berkshire Hathaway have chosen to invest heavily in a number of airlines, including United Continental Holdings, American Airlines Group Inc. and Delta Air Lines. The investments were disclosed in filings with the Securities and Exchange Commission. The investments included the purchase
On November 14, Alaska Airlines Flight 4 made history when its Boeing737-800, with 163 passengers on board, flew from Seattle-Tacoma International Airport to Reagan National Airport in Washington, D.C. – the first ever commercial flight to use an alternative renewable jet fuel made from forest residuals. The fuel blend was 20% sustainable aviation biofuel which
With the opening of three automatic screening lanes at Chicago O’Hare airport, United Airlines becomes the first carrier to exclusively dedicate automated lanes to a TSA Precheck® security checkpoint in multiple US airports. These lanes at O’Hare will allow up to five passengers to fill bins simultaneously and move through the security checking process more
ViaSat Inc. has announced that it has acquired Arconics, an innovative provider of software solutions to the aviation industry. Through this acquisition ViaSat, a global broadband services and technology company, acquires further expertise, aviation-grade software and mobile applications to make flying safer and more efficient for pilots, cabin crews and flight operations teams. The Arconics
Air Berlin has posted a net loss of €45.6 million for its third quarter, 2016, blaming weak tourism demands. Earnings before interest and tax (EBIT), as well as restructuring costs, dropped 31% to €55.81 million. After factoring in restructuring costs, Air Berlin made a €17.3 million EBIT loss. Compared to the same quarter last year,
In 2015, U.S. authorities selected Stockholm’s Arlanda Airport in Sweden as one of ten foreign airports where U.S. border controls could be located. On November 4, an agreement to set up preclearance was signed in Stockholm by the US ambassador to Sweden, Azita Raji, and Sweden’s interior minister, Anders Ygerman. Preclearance is a system whereby
As Delta Air Lines (Delta) looks to acquire a 49% stake in Grupo Aeromexico SAB de CV (Aeromexico), the US Department of Transport (DOT) has given provisional agreement for the two carriers to set their own prices and coordinating schedules for their US-Mexico flights. This has all but paved the way for the two carriers
After several months of speculation, Mihin Lanka, the Sri Lankan low-cost carrier, which has never been a profitable carrier since its inception in 2007 has ceased operations. The country’s flag-carrying airline SriLankan Airlines has taken over all its existing flights. Operating a small fleet of Airbus A320-family aircraft, the low-cost carrier concentrated on routes within
As part of the nine-point “Trust Together” strategic project announced by Air France-KLM on November 3, the carrier, merger partners of the KLM Group, has revealed the intention to create a stand-alone company to run alongside which will be both “competitive and innovative”, designed to drive growth for the Paris-Charles de Gaulle hub. The creation
Only a year after Ryanair CEO, Michael O’Leary said “We won’t fly to Frankfurt”, the Irish low-cost carrier has revealed plans to fly four new routes from Frankfurt, starting March 2017. Operating with two Boeing 737-800s, the carrier will fly routes to Alicante, Malaga and Mallorca in Spain, and Faro in Portugal, with flights offered
