Attractive pricing and an active fourth quarter pushed inventory down in January to levels below the previous quarter. While that’s encouraging for sellers, inventory is still perched about 100 aircraft above the year-ago level and about 50 aircraft higher than the 12-month moving average of roughly 2,300. The year begins against a backdrop of a marginal Fed funds increase, a stock market co...
Jet Airways on Saturday posted a record quarterly profit for the three months to the end of December thanks to low fuel prices and high passenger numbers, helped by the success of its strategic partnership with Etihad Airways. The airline declared a net profit of 4.67 billion rupees (Dh252.7 million) for the period, which marked its third consecutive profitable quarter and compares to a profit...
To make it even easier for you to leave your Euros behind when traveling, Lufthansa and Frankfurt Airport have teamed to make shopping even easier. As of now, passengers who visit most of LH’s lounges inside Terminal 1 will be able to use lounge iPads to shop virtually all of the stores located at the airport. If you purchase anything, it will be delivered to you at the lounge...
The Italian Air Force made the history by successfully accomplishing the F-35’s first transatlantic crossing. On Feb. 5, the first Italian Air Force F-35, the first JSF built outside the U.S., landed at Naval Air Station Patuxent River, Mariland, at the end of a 7-hour transatlantic flight from Lajes Air Base, in Portugal. The aircraft, dubbed AL-1 and serialled MM7332 departed from Ca...
A Vueling Airbus A320-200, registration EC-LVS (in the last couple of years, this aircraft has been involved in zero other incidents. The same airline, Vueling, has been featured in totally 34 incidents or accidents) performing flight VY-1005 from Barcelona,SP to Madrid,SP (Spain), was cleared to line up Barcelona's runway 07R full length and wait. An Ural Airlines Airbus A321-200, registra...
All-you-can-fly subscription service OneGo launched on Feb. 1, providing its members with unlimited service on 500 commercial routes around the US for a flat monthly rate of $2,950. Cheaper regional plans include 35 routes in the West, 158 routes in the East, and 35 routes in the central US starting at $1,500 monthly. OneGo books tickets for its members—who also have to pay a $495 signup...
The Associated Press. The Portuguese government says it has agreed to buy 50 percent of the country's carrier TAP Air Portugal for 1.9 million euros ($2.1 million). Speaking after a signing ceremony Saturday, Humberto Pedrosa, who heads the Atlantic Gateway consortium that held 61 percent of the airline, said the deal would leave it holding a 45 percent stake in TAP, with the remainder o...
They zip and dart across the sky in a three-jet formation, a six-second apparition in a 30-second commercial touting the achievements of defense contractor Northrop Grumman. Unlike modern jets, such as the F-22 Raptor or F-16 Fighting Falcon, they have no tail and are likely to be armed with lasers that are straight out of a science-fiction movie. They’re sixth-generation fighters, and No...
The FBI has launched an investigation after pilots landing at the Cleveland airport were distracted by lasers more than two dozen times since December. The FBI announced the probe Friday and it comes after incidents on Wednesday and Thursday in which laser beams were aimed at aircraft flying into Cleveland Hopkins International Airport, Fox 8 Cleveland reports. Those laser strikes are believ...
With its new Batman v Superman: Dawn of Justice campaign, Turkish Airlines becomes the latest airline to announce a high-profile Hollywood franchise brand cross-over. The airline has partnered with Warner Bros to become the official carrier sponsor of Batman v Superman: Dawn of Justice, which will debut in theaters around the world starting on March 25, 2016. Turkish Airlines has announ...
Lufthansa Systems announced that Air Transat has opted for its Lido/mPilot mobile navigation solution and will also use the precise navigation data from the Lido/FMS database. The two companies have signed a seven-year contract for these solutions. “Using the Lido/mPilot navigation app is an important step for us in moving toward a paperless cockpit. The app’s functions and intuitiv...
Loss-making Kuwait Airways has let go of 1,350 Kuwaiti nationals during the last two years, part of a plan to cut costs and return to profit by 2019, the chief executive of the state-owned carrier told Reuters on Thursday. The airline has struggled to recover from Iraq’s 1990-91 invasion of Kuwait. Complex bureaucratic procedures have further sidelined it from the boom in Gulf aviation ov...
