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Chinese company to buy Frankfurt-Hahn Airport, Germany

It has been announced by local government officials in Germany that the finance ministry in Mainz, the capital of the Rhineland-Palatinate region, is to sell its 82.5% stake in the loss-making regional Frankfurt Hahn Airport to China’s Shanghai Yiqian Trading Company for a figure reported to be in the low two-digit millions of euros. The

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Market ‘speaks’ as Embraer ends jet production in China

At the Beijing General Aviation Show last year Embraer’s China chief, Guan Dongyuan, was asked whether the company would stop assembling jets in China. His response was that Embraer wanted to “let the market to make [sic] the decision.” With the announcement on Wednesday this week that Embraer is to cease assembly of its sole

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LATAM becomes latest casualty in Venezuelan exodus

In August last year the two South-American carriers, LAN and TAM merged to become South America’s largest carrier covering over 135 destinations in 23 countries for passengers, and a cargo business offering freight services to more than 144 destinations in 26 countries. The airline owns a fleet of approximately 312 aircraft and has roughly 53,000

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China’s HNA Group poised to buy 13% stake in Virgin Australia

In a bid to strengthen its position in the Chinese airline industry, HNA Group intends to make an investment of AU$159 million (US$114 million) in the acquisition of a 13% stake in Virgin Australia. Currently HNA Group’s airline, Hainan Airlines, has no scheduled flights to Australia, unlike state-backed China Southern and China Eastern. According to

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IATA announces slow-down in growth of passenger demand

The International Air Transport Association has released passenger traffic data for the month of April which shows demand in passenger kilometers (RPKs) rose by 4.6%, one of the lowest rises since January last year. While the load factor decreased by 0.3% to 79.1%, available seat kilometers (ASKs) rose by 4.9%. IATA has taken into account

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A4E “astonished” at Norway’s new passenger tax

At a time when many European countries are looking to reduce indirect aviation taxes, many are shocked at the announcement that Norway will be introducing a passenger tax (flypassasjeravgift) of NOK80 this summer to be paid by departing passengers, whether on domestic or international flights. A4E, who since its inception has campaigned against such taxes

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China’s HNA Group to buy stake in Atlantic Gateway

Portugal’s Minister of Planning and Infrastructure, Pedro Marques, has had a goal to connect Portugal to the Far East “as soon as possible” according to the Macau Daily Times. With The HNA Group now looking to acquire an initial stake of 7% in Atlantic Gateway, a private consortium which owns a 50% stake in TAP

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Norwegian expands long-haul fleet without full US foreign air carrier permit

Norwegian Air International (Norwegian) is the Ireland-based subsidiary of Norwegian Air Shuttle, headquartered in Fornebu, Norway. It has been announced by Norwegian that the carrier has placed an order to lease two brand-new Boeing 787-9 Dreamliners from CIT Aerospace and which will be delivered in the spring of 2018. The order will expand the company’s

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