On boarding a BA flight to Finland in December, my four-year-old daughter was invited into the cockpit to look around. Thrilled, as she loves to fly, Antonia marvelled at the flashing buttons and levers, astounded and more than a bit suspicious that there was no actual steering wheel. And yet, when I asked her recently if she’d like to be a pilot when she grows up, she sniffed: “I&r...
Thai Airways International (THAI) will continue grounding 10 Airbus A340s it hasn’t been able to sell because it still isn’t economical to fly the four-engine aircraft even after fuel prices plunged more than 40% in the past year. "The fuel consumption is so uneconomical," President Charamporn Jotikasthira said in an interview in Bangkok Thursday. "All new planes now...
Warren East, Chief Executive, said: “In the context of challenging trading conditions our overall performance for the year was in line with the expectations we set out in July 2015. It was a year of considerable change for Rolls-Royce: in our management, in some market conditions and in our near-term outlook. At the same time, there were some important constants: the underlying growth of our...
Air Canada said today that it welcomes confirmation by the Canadian Airline Dispatchers Association (CALDA) that its members have ratified a new contract on collective agreement terms for 12 years. Air Canada’s flight dispatchers are based at the airline’s Operations Centre near Toronto Pearson International Airport and assist flight crew in the preparation for flight departures and ar...
Lufthansa, together with Airbus and the Pratt & Whitney engine manufacturer, celebrates the delivery of the world’s first Airbus A320neo. Carsten Spohr, Chairman of the Board and CEO of the Lufthansa Group, Airbus President and CEO Fabrice Brégier and the President of Pratt & Whitney Robert Leduc invited 700 guests and media representatives to the official...
The blocking stake of Russian Helicopters may be privatized in 2016, the Minister of Industry and Trade Denis Manturov said on Friday, adding that foreign investors may participate in privatization. "As far as Russian Helicopters are concerned we’re always searching for strategic, portfolio investors so it’s not ruled out that the blocking stake will be sold by (State Corporati...
Indonesia has agreed to purchase 10 Russian Sukhoi Su-35S multirole fighter jets, according to Indonesian media reports. Indonesia’s Minister of Defense, General Ryamizard Ryacudu, will visit Moscow in March to sign the final agreement. Already in September 2015, Gen. Ryamizard announced that a decision to purchase Russian jets had been made. “A decision was mad...
Aeroflot (SU, Moscow Sheremetyevo) is among several state-owned entities the Russian government is currently considering as part of its accelerated privatization plans for the year. Russian President Vladimir Putin last week convened a meeting with Prime Minister Dimitri Medvedev and other state bureaucrats to begin finalizing a list of firms and shareholdings that could be sold off. The Kremli...
Airbus’s U.S. Manufacturing Facility in Mobile, Alabama, opened last September, could augur well for increased production in Southeast Asia. A320-family airliners are already assembled in Tianjin, China. The U.S. facility rounds out the manufacturer’s production strategy for its high-selling A320 family of aircraft:“building close to its custome...
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Boeing Co. (NYSE: BA) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is am...
Qatar Airways has announced it will be showcasing three state-of-the-art aircraft from its fast-growing fleet at the upcoming Singapore Airshow from 16-18 February 2016. The three-time Skytrax Airline of the Year winner will be showcasing the A350, for which it was the global launch customer, and its superjumbo A380. Also appearing in Asia is Qatar Executive's newly acquired Gulfstream G650...
Gold Coast Airport has received the green light to begin construction on new aircraft stands and aerobridges as well as a terminal upgrade. The federal government on Friday gave its approval for the airport to start work on the airport redevelopment, which is expected to be completed by the end of 2017 and will cater for the forecast increase in visitors to the Gold Coast in 2018, when the city...
