The International Air Transport Association (IATA) has condemned the latest announcement form the European Commission (EC) which has set the winter slot threshold at 50%, claiming that the EC is totally “out of touch with reality”. IATA has immediately argued that the EC has ignored not just advice, but also evidence that has been presented
American Airlines (American) has released its financial results for the second quarter of 2021 in which it has posted a net profit of US$19 million. However, excluding net special items, the net loss for the quarter was -US$1.1 billion on a second-quarter revenue of US$7.5 billion, an 87% increase on the year’s first quarter. The
Brazilian planemaker Embraer has released its operating figures for the second quarter of 2021. Of the 34 jets delivered, 20 were executive jets and 14 were commercial aircraft. Of the executive jets delivered, 12 were light aircraft and eight were large. In what represented a return to pre-pandemic levels, as at June 30, the backlog
On the anniversary of Neil Armstrong’s and “Buzz” Aldrin’s moon landing in 1969, Jeff Bezos and three fellow crew members successfully completed a 10-minute ten-second suborbital flight aboard Blue Origin’s New Shepard, reaching a maximum altitude of 66.5 miles (107 km). Describing the event as “Best day ever,” Bezos was accompanied by his brother Mark
Shares in airlines have been hit hard as a result of yet another last-minute U.K. travel rule change. This time the British government announced on Friday that it was no longer considering allowing fully vaccinated arrivals from France without going into quarantine owing to the spread of a new variant of the coronavirus in France.
Just two months after an electrical fault was discovered on a number of Boeing 737 jets, the FAA has now issued a directive for the operators of 9,300 of the jets, including 2,502 U.S.-registered ones, to perform repetitive tests on two cabin altitude pressure switches. Back in 2012, 737s were fitted with one pressure switch.
The board of Sydney Airport Holdings has opted to reject last week’s offer of US$16.6 billion for Sydney Airport, which represented a 42% premium on the pandemic-affected value of the company. The offer came from the Sydney Aviation Alliance, a consortium comprising IFM Investors, QSuper, and Global Infrastructure Partners. Sydney Airport Holdings said on Thursday
On Wednesday, the European Union’s executive Commission made it clear that aviation must do more by 2030 to contribute to the EU’s goal to cut economy-wide net emissions by 55% from 1990 levels. As a consequence, current tax breaks enjoyed by airlines on jet fuel would see it become taxed in line with other transport
United Airlines Ventures (UAV), along with Breakthrough Energy Ventures (BEV) and Mesa Airlines, have invested in electric aircraft start-up Heart Aerospace. Heart Aerospace, located at Säve Airport in Gothenburg, Sweden, is developing the ES-19, a 19-seat electric aircraft that, before the end of this decade, has the potential to fly customers up to 250 miles .In addition
In a bid to disrupt the Canadian aviation landscape, Canadian carrier Porter Airlines has placed a firm order for 30 E195-E2 jets from Brazilian planemaker Embraer. In addition, the carrier has taken an option for a further 50 aircraft. With all options exercised, the deal is valued at US$5.82 billion at list price and Porter
