A year after announcing its 5-year turnaround plan to try and make the plane and train manufacturer a profitable business, the Canadian company Bombardier has announced the intention to cut just over 10% of its 7,090 workforce. The company has indicated that much of the manpower restructuring will be centered around streamlining administrative and non-production
As a result of a number of trials and the disclosure from Delta Airlines, which already employs real-time tracking on passengers’ luggage providing a 99% success rate in bag tracking, global IT provider SITA and the Air Transport Association (IATA) have revealed that if further adopted, the air traffic industry could reduce the number of
Ryanair, the Republic of Ireland-based low-cost carrier has lowered its profit forecast for the financial year 2016-2017 by 5% as a result of the continued impact of the UK’s decision to leave Europe. While the Republic of Ireland will remain in Europe, 26% of its income is in UK pounds sterling, a currency which has
Up until now, Scandinavian Airlines (SAS) has been able to class itself as a state-owned airline, but with the sale of a total of 7% of the airline’s shares, the combined joint holding of the Danish, Norwegian and Swedish governments has now fallen below 50%. Norway’s stake has now fallen to 11.5% from 14.2%, while
In light of a number of incidents where Samsung Galaxy Note7 smartphones have experienced hazardous levels of overheating, to the point where Samsung issued recalls on September 15 and October 13, 2016, both the original and replacement models of this smartphone have now been banned from air transportation within the United States, effective October 15.
The parent company of Etihad Airways, Etihad Aviation Group, has confirmed that talks have taken place with a view to merging part of Air Berlin PLC & Co. Luftverkehrs KG, branded as airberlin, with Germany’s TUIfly, a subsidiary of TUI AG, with the intention of creating a new European leisure airline group. The proposal will
Successful negotiations held between the respective governments of the UK and China have resulted in an increase of 150% in the services currently being operated. At present only 40 passenger flights per week were being allowed, but this has now risen to 100. In addition, there will be no restrictions on the number of permitted
Monarch reported the biggest investment in its 48 year history, a £165 million investment from its majority shareholder, Greybull Capital. As a result of this investment Monarch has successfully renewed its ATOL licences from the CAA for the next 12 months and funded future growth plans. In October 2014, Monarch announced an order for 30
As part of the China’s economic drive to invest in overseas businesses, the Everbright Group, a state-backed finance firm, has acquired all the shares of Tirana International Airport (TIA) which operates the country’s principal airport, also known as Rinas International Airport. The purchase price has not been disclosed, but it has been known that the
Istanbul-based Turkish Airlines has announced that it intends to defer 39 of its on-order narrow-body jets, citing the impact of terrorist attacks on leisure travel and the fall in oil prices negatively affecting corporate travel in the oil and gas sector. While the Star Alliance member-airline has not given plane-specific details, it is understood that
