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Major players once more take opposing sides on US Open Skies agreement with Gulf carriers

It seems claims that Gulf carriers received government aid in excess of US$40bn to operate competitively will not go away. For Delta, United and American Airlines, the Open Skies Agreement, which was signed between the UAE, Qatar and the US nearly 20 years ago, is seen as an uneven playing field where government aid enabled

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ST Engineering’s Aerospace arm sets up companies

Singapore Technologies Engineering (ST Engineering) announced that its indirect associated company, Total Engine Asset Management (TEAM), has set up wholly-owned subsidiaries, TEAM France 01 S.A.S. and TEAM France 02 S.A.S in France. TEAM France 01 and France 02, with share capital of €230,001 (approximately S$352,385) and €70,000 (approximately S$107,247) respectively, will focus on supporting TEAM

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AirAsia an early casualty of highly competitive Southeast Asia market

Southeast Asia’s burgeoning airways businesses are now suffering from the level of competition in a now crowded market place. One of those to suffer most has been AirAsia, who has made a trading loss during each of the last five fiscal quarters and is now looking to cut flights on unprofitable routes, reallocation of staff

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Southwest Airlines grounds 128 aircraft for inspection of standby hydraulic system

Southwest Airlines discovered a required maintenance check on the standby hydraulic system, which serves as a back-up to the primary hydraulic systems, was overdue on 128 Boeing 737-700 aircraft. Southwest immediately and voluntarily removed the affected aircraft from service, initiated maintenance checks, disclosed the matter to the FAA, and developed an action plan to complete

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Consortium wins tender to acquire shares in Vladivostok International Airport

The consortium comprising the Russian Direct Investment Fund (RDIF), a US$10bn fund established to make equity investments into Russian economy, Changi Airports International (CAI), a wholly-owned subsidiary of leading airport operator Changi Airport Group, and Basic Element, one of Russia’s diversified industrial groups, has been announced as the winner of the tender to acquire shares

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Russia offers Greek Airlines access to Sochi , Vladivostok and Kaliningrad

Greece and Russia, each with struggling economies, have reached an agreement for Greek carriers to gain access to Russian airports in Sochi , Kaliningrad, Vladivostok. While some may question the wisdom behind such a move when a number of Russian airlines are struggling, considerable investment has been made in airports at these destinations and this

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Abu Dhabi International Airport sees 20.7% increase in traffic for January 2015

Abu Dhabi Airports announced that passenger traffic at Abu Dhabi International Airport increased by 20.7% in January 2015. A total of 1,887,631 passengers passed through Abu Dhabi International Airport during the month, compared with 1,564,266 in January 2014. There were 14,128 aircraft movements in January 2015, which was an 18% increase over January 2014’s figure

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Emirates reject Delta’s apology regarding Anderson’s 9/11 comments

The bitter dispute between US- and Gulf-based airlines has reached a new level after Emirates flatly rejected an open apology made concerning what was seen as incredibly tactless and insensitive remarks made by Delta’s Chief Executive, Richard Anderson. The unfortunate incident relates back to comments made by a group of American airlines that a number

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