Following the recent delisting of Tigerair from the Singapore stock exchange, Singapore Airlines (SIA) has announced its intention to form a single holding company out of its two low-cost carrier subsidiaries, Scoot (long-haul) and Tigerair (regional). The new subsidiary will be known as Budget Aviation Holdings. The new holding company will be headed by Lee
66 passengers and crew are feared dead after EgyptAir flight MS804, an Airbus A320, crashed into the Mediterranean en route to Cairo International Airport from Paris Charles De Gaulle Airport, Paris. The flight left Paris just before Midnight (GMT+1) on Wednesday 18th May and disappeared from radar screens twenty minutes short of Cairo while still
Up until now low cost carriers in the Asia Pacific region have suffered from a disparity in pricing and a lack of a network brand. Now it will be possible to book the best available air fares from any of the Value Alliance members websites. With a surge in popularity of air travel with the
There is a long-standing history of disputes between Embraer in Brazil and Bombardier in Canada over state subsidies, so it is perhaps no surprise that Embraer has questioned the sale of 75 Bombardier C-Series jets to Delta Airlines in a hotly contested market sector in which Embraer is represented by their E-Jets. The head of
On a day when Michael O’Leary, CEO of Ryanair, opened the brand new training center for the airline at London Stanstead, the airline’s largest hub, he did not hold back on comments relating to Brexit, Britain’s referendum regarding potential withdrawal from the European Union. The new training center, which includes four full-flight simulators, a full-scale
In one of his first moves as successor to Boris Johnson as Mayor of London, Sadiq Khan has removed all objections by Johnson to the proposed expansion of London City Airport (LCY). The plans are to expand a physically restricted site that would increase the size of the existing terminal and see the creation of
In 2006 the US department of Justice (DOJ) raided several cargo carriers across the world in an investigation into alleged fuel surcharge price fixing. Subsequent to this, over 90 civil lawsuits were brought against over two dozen airlines, including Air New Zealand. The alleged conspiracy took place between 1999 and 2006. Between 2006 and now
Compared to the same six-month period for the 2015 financial year when the company made a profit of £7.0 million, easyJet has reported losses this time around amounting to £24.0 million. Despite this, Carolyn McCall, easyJet Chief Executive said “easyJet has delivered a robust financial performance during the half year despite the well-publicised external events.”
The Civil Aviation Administration of China (CAAC) has said that 11 major construction projects, along with 52 aviation-related upgrades to current facilities, will be the focus of their attention this year, allocating a budget of CNY77 billion (US$11.9 billion) according to the Xinhua News Agency. The news agency was told by Feng Zhenglin, head of
In the wake of a continued downturn in Brazil’s economy, combined with the worst crisis the aviation industry has witnessed there in years, the Brazilian government could, under the leadership of the current Vice President, Michel Temer, relax the regulations surrounding controlling stakes in local airlines to allow greater foreign control. Current legislation restricts foreign
