Hanover, Germany-based Touristik Union International (TUI), the world’s largest leisure, travel and tourism company is considering a potential cut to the remainder of its winter schedule as a consequence of the new Omicron COVID-19 variant begins to spread, globally. This comes on the back of the group reporting a loss of £2.1 billion for the
Fort Worth, Texas-headquartered American Airlines has announced that as of March 31, 2022, Doug Parker will retire as the company’s CEO and his position will be taken over by current president, Robert Isom. Parker will continue to serve as chairman of American Airlines’ board of directors, which Isom will join on taking up his new
Sydney Seaplanes, Australia’s most prominent tourism flight operator, has entered into a partnership with Eve Urban Air Mobility Solutions (Eve) that includes the purchase of 50 Eve electric vertical take-off and landing (eVTOL) aircraft, with progressive deliveries anticipated to commence in 2026. The partnership begins the groundwork for proposed electric air taxi operations in the
The Helicopter Company (THC), the first and only helicopter services provider licensed to operate commercial flights in the Kingdom of Saudi Arabia and established by the Public Investment Fund (PIF) in mid-2019 has signed its second purchase agreement with Airbus Helicopters. This agreement is for 20 of the newly launched five-blade H145 and six ACH160
China’s aviation authority has issued an airworthiness directive for the Boeing 737 MAX, paving the way for the troubled jet to return to the skies over China. The directive provides operators with a list of required revisions and modifications to the jet before it can return to service. However, no date has been set for
Fraport AG (Fraport) and joint venture partner TAV Airport Holdings (TAV) have come out as winners in a recent tender for the new 25-year concession for Antalya Airport located at the gateway to the Turkish Riviera. The concession will begin in 2027 when the existing concession, also secured by Fraport and TAV, runs out. It
easyJet Plc (easyJet) has posted a wider-than-expected headline loss for the fiscal year 2021 which the low-cost carrier has put down to the continued disruptive effect of the COVID-19 pandemic. The Luton, UK-based airline flew 58% fewer passengers compared to the prior-year period at 20.4 million. Total revenue declined by 52% which easyJet attributed to
Santiago, Chile-based LATAM Airlines Group S.A. (LATAM), South America’s largest air transportation group, saw its Chilean stock exchange share value plummet by 85% on Friday on the announcement of a restructuring programme that would see shares heavily diluted, though this loss was pared back to 45% by the close of trading. The Group was proposing
Vietjet Air (Vietjet), the largest airline in Vietnam in terms of the total number of passengers transported domestically, and SR Technics, a world-leading MRO services provider, have signed a memorandum of understanding (MoU) in Zurich, Switzerland on November 26 worth US$150 million (£112.8 million). SR Technics will be responsible for providing MRO services for Vietjet’s
In a ceremony in Zagreb, Croatia, attended by French President Emmanuel Macron and Croatia’s Prime Minister, Andrej Plenković, the Chairman and CEO of Dassault Aviation, Eric Trappier, together with French Minister of the Armed Forces Florence Parly and the Croatian Minister of Defense Mario Banozic, have signed two contracts for the acquisition of 12 Rafale
