Its first investment is in a startup that wants to build open-source aircraft and cars. Airbus has opened a new Silicon Valley venture capital arm whose first investment is in a company that wants to build cars, helicopters, and airplanes using open source designs. The fund, Airbus Ventures, opened Friday with $150 million to plow into startups focused on aerospace, data analytics, drones, s...
Ryanair, Europe’s favourite airline, today (15 Jan) announced further expansion to its Stansted Summer 2016 schedule with a new route to Palanga in Lithuania (in addition to Milan Malpensa, Sofia & Verona), bringing to 130 summer 2016 routes, which will deliver 20m customers p.a. and support 15,000* “on-site” jobs at Stansted Airport. Ryanair’s Stansted summer 2016 s...
Finnair has secured financing, arranged by BNP Paribas, for its third Airbus A350-900 XWB, which was delivered on 30 December 2015. The transaction amounts to approximately EUR 135 million, implemented using a Japanese Operating Lease with Call Option (JOLCO) structure, where the transaction amount is treated in Finnair’s IFRS accounting as a loan and the a...
Air France is reported to have dropped its "plan B" restructuring of job losses that triggered clashes with staff last year. In new plans outlined to the airline's works council, Air France targeted growth in its long-haul network from 2017, Reuters news agency reported. The measures are conditional on greater productivity efforts from pilots and cabin crew. Net investments...
Tempus Jets partnered with World Pediatric Project to transport a newborn baby born with an incomplete esophagus from Belize to Virginia for life-saving surgery. If left untreated, the condition is fatal since the child cannot eat or swallow. World Pediatric Project, a nonprofit that provides diagnostic and surgical care to children in Central America and the Caribbean, contacted Tempus Je...
The Aéroports de la Côte d’Azur (ACA) Group has had a record year for business aviation movements. A total of 46,000 movements were processed at Nice, Cannes and Saint-Tropez. Helicopter movements saw 2% growth during the year, rising to 54,000 total movements. Cannes Mandelieu Airport has also significantly improved its aircraft reception capacity by raising tonnage which...
On December 8th 2015, Academy 147 Limited, a training organisation based in Malta received CAR 147 maintenance training organisation approval from the General Civil Aviation Authority (GCAA) in the United Arab Emirates. Academy 147 made its initial plunge into the Middle East's rapidly growing market for maintenance training in 2015 and has pursued the GCAA approval in order to further establi...
Aeroflot ready for privatization, but its usefulness is not obvious in 2016, told reporters the head of the Board of Directors Kirill Androsov at the Gaidar forum in 2016, organized by the Ranepa and the Gaidar Institute. “Aeroflot is a joint stock company with listing on the Moscow exchange, with daily trading and with a large number of financial institutional investors, so no other addi...
Qatar Airways said it may seek to form a breakaway group within the Oneworld alliance should fellow member American Airlines Group Inc. continue to lend its weight to a U.S. push to curb the growth of Gulf rivals. Qatar Air, which joined Oneworld in 2013, won’t tolerate a situation where “conditions are no longer conducive to a fair business relationship and mutual respect,” C...
Virgin Atlantic Airways Ltd. is set to announce a deal for 12 Airbus Group SE A350-1000 jets with a list price of $4.3 billion as Richard Branson’s flagship carrier renews its wide-body leisure fleet, according to people with knowledge of the plan. U.K.-based Virgin will probably buy nine of the twin-engine planes directly from Airbus and take three from leasing firms, said the...
An appeals court in Germany on Thursday allowed Etihad to continue most of its disputed codeshare flights with airberlin for the winter schedule ending in March, handing the Abu Dhabi-based airline a partial victory. The court ruled that Etihad should be allowed to continue its codeshare agreement for 26 international routes but rejected its request to continue codesharing on five domestic Germ...
The Investigative Committee of Russia dropped charges against one of the suspects in the Total CEO plane crash case, traffic control trainee Svetlana Krivsun, her lawyer told RAPSI on Thursday. Investigators have not commented this information yet. Christophe de Margerie died in a plane crash at Moscow’s Vnukovo Airport on October 21, 2014 when his plane’s wing hit a s...
The Belarusian air carrier Belavia has signed an interline agreement (an agreement on mutual recognition of e-tickets) with Russia's Ural Airlines, Igor Cherginets, Belavia's Deputy Director General for Marketing and Foreign Economic Affairs, said on Facebook, BelTA informs. “Now, the two airlines can sell tickets on each other's flights. Ahead is further strengthening of mutu...
Russian Helicopters could be partly privatized this year; an option to sell 25% stake to a strategic investor is being considered, Industry and Trade Minister Denis Manturov said Thursday. "25%. It all depends on the situation, but we hope that it will happen this year," he said, answering a question about the possibility of privatization of the company. Russian President Vladimir...
U.S. Representative Kathleen Rice along with local aviation enthusiasts, introduced a legislation to preserve significant sites related to aviation history on Long Island at the Cradle of Aviation Museum on Thursday. Under the Long Island Aviation History Act, the Secretary of the Interior will be conducting a special study to evaluate the national significance of Long Island’s aviation h...
Airbus is expecting the first A350-1000 to enter the final assembly line in February, with first flight set to take place by the end of this year. The aircraft is at the pre-final assembly stage and chief operating officer Tom Williams says its development is progressing relatively smoothly. “It’s coming together really well, probably better than the -900,” he told Flightgl...
Here’s a stat that illustrates how Qantas International has turned the corner – for the month of October 2015, the number of passengers Qantas carried on its international operations to and from Australia grew by over five per cent, according to latest government data. The Bureau of Infrastructure, Transport and Regional Economics (BITRE)’s latest monthly ‘International...
A British Airways flight to Heathrow was forced to disembark all passengers and luggage after a traffic cone became wedged beneath the aircraft. A British Airways flight from Aberdeen to London was delayed for almost two hours after a traffic cone became wedged beneath the aircraft. Engineers could remove the item to inspect the damage only by disembarking all the plane&rsquo...
Callaway Golf asked the aviation giant to use its knowledge of air flow to take a swing at improving the driver. Here's a fact for the next time you need to win a bar bet: How fast does a professional golfer swing the club on a fairway drive? The answer, according to Callaway Golf, is a blistering 120 mph. With golf club head speeds well into triple digits, aerodynamics is a...
Bombardier threw down the gauntlet in front of Gulfstream when it announced the Global Express in December 1993, officially launching the battle between Montreal and Savannah for King of the Heavy-Iron class. With the aircraft’s super lean 46,500-lb. BOW, 41,500 lb. of fuel and 91,000-lb. MTOW, Bombardier officials boasted that the clean-sheet flagship would fly faster, farther and more effi...
Emirates will operate the Airbus A380 on its second of two daily services to Perth from August 1, replacing the 777-300ER that currently operates the EK424/EK425 rotation. The Qantas alliance partner commenced A380 services to Perth last May operating EK420/EK421. The second daily A380 service – EK424 departs Dubai at 10.10am, arriving in Perth at 12.50am the next...
