Clive Palmer's aviation company owes creditors more than $26 million mostly through a major debt over the company's corporate jet which he regularly used for political and business purposes. The debt, exposed in the minutes of the first creditor's meeting, indicates the aviation company will not provide any source of f...
If local media reports are to be believed, India’s government is inching closer to the final draft of its civil aviation policy – a wide-ranging rulebook that will map out the regulatory landscape for the country’s airlines. We’ve been here before, of course. Government officials had pledged to unveil the document last September – culminating more than a year of st...
If you've ever wanted to attend an air show in the world's most repressive and paranoid country, now's your chance: North Korea has scheduled its very first such event. The Wonsan Air Festival will feature North Korean military and civil aircraft of all types. It will happen this September. The secretive North Korean regime traditionally keeps its military away from the prying eyes...
Boeing has forecast a $US140 billion market for 950 new aircraft for Oceania – Australia, New Zealand and the South Pacific – over the next 20 years as airlines in the region replace order models with newer, more fuel efficient jets. The estimate, contained in Boeing’s Current Market Outlook (CMO) for 2015-2034, is a reduction of 50 aircraft from the 1,000 expected for Oceania...
Norwegian, the World’s Best Low-Cost Long-Haul Airline and Europe’s Best Low-Cost Airline, will launch flights from three United States airports to Paris’ Charles De Gaulle Airport on July 29. Service will commence with four weekly flights from New York’s JFK International Airport, two weekly flights from Los Angeles International Airport and one weekly flig...
Boeing and Air Niugini announced at the Singapore Airshow an order for four 737 MAX 8 airplanes. "Papua New Guinea is like no other place on earth and the 737 MAX will allow us to economically and efficiently connect our beautiful country with the rest of the world. The superb economics of the 737 MAX will enable us to increase flight frequencies and develop into new markets whic...
Piper Aircraft has announced the selection and appointment of WingsOverAsia as its authorized service center in Singapore. WingsOverAsia (WOA) has served as Piper Aircraft’s dealer in the region for nearly 3-years. The aircraft service center, located at Seletar Airport, is the first service dealer associated service facility in the region. “The addition of an authorized service cen...
Air Serbia, the national airline of the Republic of Serbia, has announced that it will launch its historic new service between New York and Belgrade on June 23, 2016. The announcement was made by Aleksandar Vučić, Prime Minister of Serbia, during this morning’s opening of the 38th International Tourism Fair in Belgrade, the largest annual tourism event in the Balkans. The Prime Ministe...
Virgin America reported a 2015 net income of $340.5 million, a more than fivefold increase over a $60.1 million net profit for 2014. Virgin president and CEO David Cush said, “We achieved the highest net income in company history, generated significant operating cash flow, continued to outperform the industry in domestic unit revenue growth, and began growing the airline again.”...
The chief executive of flydubai expects another difficult year for the low-cost carrier as tough economic conditions put pressure on yields. The airline this month reported a 60 per cent drop in 2015 net profit to Dh100.7 million, blaming a stronger US dollar and tough market conditions. These factors pressured its overall Revenue Passenger Kilometre yield - a key industry measure of the ave...
Hawker Pacific, the aircraft sales and product support company in the Middle East and Asia Pacific, has signed a partnership agreement for the Asia Pacific region with Thomas Global Systems (Thomas Global) for the distribution of Thomas Global's pioneering plug-and-play LCD cockpit displays. The agreement, Thomas Global’s first dealership arrangement world-wide, will grant Hawker Paci...
Boeing Co.’s stock price hit a new 52-week low last week following a report that the program accounting method Boeing has been using to account for the 787 Dreamliner was being scrutinized by the U.S. Securities and Exchange Commission (SEC). Other recent issues include a cut to the production rate of the company’s current version of the 777 dual-engine, twin-aisle plane, and the...
