Boeing Co (BA.N) on Tuesday raised its forecast for China's aircraft demand over the next 20 years despite a slowing economy and a tumbling stock market that have triggered a worldwide slide in equity and commodity prices. The U.S. plane maker expects China will purchase 6,330 aircraft over the next 20 years, a 5 percent rise from last year's two-decade estimate. Boeing currently values...
Volatile global markets showed tentative signs of a respite from the recent blood-letting on Tuesday as bargain hunters helped Asian stocks off three-year lows, though share markets in China, epicenter of the rout, suffered another big sell-off. The MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 1.1 percent after an initial dip to three-year lows, paring about...
In advance of the International Aviation and Space Salon MAKS-2015, United Instrument Manufacturing Corporation (UIMC) has shown pictures of the Chirok Russian reconnaissance and combat hovercraft drone for the first time. Its presentation will be one of the most anticipated events of the forum, held in Zhukovsky. The Moscow Scientific Research and Radio Technology Institute, which is part of U...
Central Aerohydrodynamic Institute (TsAGI) named after N.E. Zhukovsky is going to present its latest solutions at the 12th MAKS international airshow. These solutions will be used as a basis for innovative projects in the area of air transport. The static display will include aerodynamic models of aircraft developed by the TsAGI specialists in the network of federal target programs, TsAGI&rsq...
S7 Group1 member airlines summarized the results of their activity in July 2015. During the last month the airlines carried 1 177 358 passengers, which is 7.2% more than in July 2014. Main growth was still indicated on domestic routes. In July 822 852 passengers took flights of S7 Group airlines within Russia, which is 11.5% more than a year before. Comparing with July 20...
Lufthansa (LH, Frankfurt Int'l) will take delivery of its maiden A320neo ahead of schedule an airline spokeswoman, Anja Lindenstein, has confirmed. According to aero.de, D-AINA (cn 6801) will arrive at the German carrier towards the end of the year and not in early 2016 as previously anticipated. A further six of the type are due to arrive before the end of 2016. Lufthans...
Gabriel Kimbrell has been arrested in Miami on charges of grand theft and organized scheme to defraud just months after he was fired from his position as president of New Mexico Airlines(Albuquerque). The charges relate to his tenure at the airline. According to KOAT news, court documents claim that over the period January 2014 to January 2015, Kimbrell used his corporate credit card...
Finnair (AY, Helsinki Vantaa) says that during Summer 2016, it will become the first airline to offer scheduled international services to Longyearbyen, a Norwegian archipelago situated in the Arctic Ocean. The Finnish carrier says it will operate a 3x weekly service to Helsinki Vantaa over the period June 1 to August 27, 2016. "During Midsummer we will provide t...
Ukrainian-owned investment firm, East Prospect Fund (EPF), has warned its proposed USD68.6 million injection into Air Armenia (QN, Yerevan) is in jeopardy following an assault on airline CEO and majority 51% shareholder Arsen Avetisyan last week. EPF owns a 49% stake in the Armenian carrier. "We are responsible for the implementation of the investment policy of the company,...
Last year’s ground-breaking investment by Etihad Airways in Alitalia has revitalised Italy’s national airline, and set it on a new course towards sustainable profitability, the President and Chief Executive Officer of Etihad Airways, James Hogan, said today. Mr Hogan was speaking at the Rimini Roundtable Discussion, a prestigious annual event held in the historic Italian town of Rim...
Virgin Atlantic Cargo carried over 30% more cargo from Dubai in the first half of 2015, boosted by additional U.S routes and frequencies, and traffic generated as a result of the U.S. port disruptions. For the six months ended 30 June 2015, the airline carried 2.4 million kilos ex Dubai, compared to 1.8m kilos for the same period a year ago. Strong increases were seen in the volume of cargo des...
Air New Zealand and Cathay Pacific welcome the decision today by the Minister of Transport Hon Simon Bridges to re-authorise the airlines’ strategic agreement on the Auckland – Hong Kong route until 31 October 2019. The strategic agreement has been operating since January 2013 and has already delivered a range of benefits to customers travelling between New Zealand and Hong Kong inc...
Dallas/Fort Worth International (DFW) Airport today observed 10 years of successful operation for International Terminal D, the Grand Hyatt DFW and the Skylink people mover system. Since opening in 2005, the three projects have transformed DFW into one of the world's favorite connecting hubs for travelers and have elevated DFW's global reputation for excellence. "When Terminal...
American Airlines (AA, Dallas/Fort Worth) will terminate services to Israel early next year. Airline Route reports the carrier's daily A330-200 service between Philadelphia Int'l and Tel Aviv Ben Gurion will end with effect from January 5. Despite its departure, American will continue to serve the Tel Aviv market via its codeshare partnershi...
Boeing (BOE, Chicago O'Hare) says it has recorded eight new orders for B737 jets - six from Singapore's SilkAir (MI, Singapore Changi) and two from unidentified customer(s). Overall, however, its net B737 order book has been reduced by eight. US logistics giant FedEx Express (FX, Memphis Int'l) was also identified as ordering one B7...
British Airways (BA, London Heathrow) has announced it will commence direct Glasgow Int'l-Salzburg flights during the last quarter of the year. The Saturday-only flights will operate on-board anA319-100 with effect from December 12. “The new route to Salzburg is sure to be popular with those looking to hit the slopes this winter, offering ideal access to some...
Malaysian low-cost carrer AirAsia Berhad reported second-quarter net profit of MYR243 million ($64.3 million), a 43.7% year-over-year (YOY) drop from the MYR367.2 million the company posted in the June 2014 quarter. AirAsia said the drop in profit was due to unrealized foreign-exchange losses on borrowings and one-off costs related to the company’s sale and leaseback of aircraft during the q...
Air China (CA) has announced a code share agreement with South African Airways (SA) that will enable SA to put its code on CA's newly inaugurated non-stop service between Beijing and Johannesburg as well as points beyond Beijing to Chengdu, Shanghai, Hangzhou and Chongqing. Air China will in turn put its code on SA'...
he Mileage Club, a leader in the frequent flyer brokerage industry, today unveiled its new and improved website "themileageclub.com" aimed at frequent flyers. The frequent flyers, seasoned or novices, can now buy miles on their favorite Airlines globally from themileageclub.com. How to Rack Up Frequent Flyer Miles Easily The Mileage Club The new site will offer trem...
The 7-day Boeing Classic is just now underway at TPC Snoqualmie Ridge, a private golf club in Snoqualmie, Washington, 25 miles east of Seattle, at the foothills of the Cascade Range. The event runs from the 17th to the 23rd of August. The Boeing Classic is one of the professional golf tournaments on the PGA TOUR Champions Tour. Hainan Airlines, as one of the sponsors of the eve...
Ellinair, the Greek airline, has chosen AJW Aviation to provide full power-by-the-hour services for its A320 aircraft. AJW Leasing will also site main base kit at its operational headquarters in Macedonia International Airport in Thessaloniki. Since the company’s launch in 2013, Ellinair has rapidly expanded its route network, connecting mainland Greece and the Greek I...
