It was announced this week that the Brazilian plane manufacturer, Embraer, has reached an agreement for the resolution of investigations with the U.S. Department of Justice (DOJ), the Securities and Exchange Commission (SEC), the Brazilian (Ministério Público Federal (MPF) and the Comissão de Valores Mobiliários (CVM). As part of the settlement, Embraer has agreed to
New York-based jetBlue airways has taken a minority share in JetSuite, the California-based, fast-growing charter airline according to an announcement made by Robin Hayes, jetBlue’s CEO. Making the announcement at the third-quarter investor call on October 25, he said that JetSuite was “changing the game in short-haul travel in the west coast.” Launched in 2009,
Six years after the Conservative-led coalition government scrapped plans for a third runway at Heathrow Airport, just west of London, the go-ahead has finally been given for a third runway as opposed to creating a new airport or adding a second runway at nearby Gatwick Airport. The move is seen as a strategic win for
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
