The government plans to impose a levy of Rs 7,000-8,000 per domestic departure flight on all trunk routes to subsidise airfare on operations to unconnected cities, Minister for Civil Aviation Ashok Gajapathi Raju said. This levy is estimated to generate Rs 500 crore annually to be used to fund the Regional Connectivity Scheme (RCS), under which airlines will offer services at an all inclusive airf...
After a boom in orders as fuel prices skyrocketed a few years ago, demand for the twin-aisle aircraft that typically ply long-haul international routes has subsided recently. For Boeing and Airbus , many of these widebody models are key cash flow and profit drivers. Since the beginning of 2015, widebody aircraft orders haven't kept pace with deliveries. This has some ana...
The emergency slides have been activated on an American Airlines flight at Heathrow Terminal 3, reportedly due to smoke in the cabin. The nature of the emergency is not immediately clear. However, some images from the scene show smoke emerging from the back of the plane. Footage captured from a passenger on board a nearby plane shows people exiting the affected flight via its rear slide. No...
In what is becoming a regular monthly announcement, British Airways has announced a new raft of service changes. Most of these will, I believe, kick in from 1st July although some may take a little longer to materialise. All cabins are impacted, even First Class. This is what I understand to be happening, based on comments at Flyertalk and from emails from HFP readers who work...
London is the most popular destination for Gulf private jet users in the first four months of 2016, with a total of 222 trips, followed by Paris with 185 trips. This was revealed by Private Jet Charter (PJC), one of the world's largest independent private jet charter brokers, which recently celebrated its 15th anniversary in the Middle East. PJC, which has a sizeable market share in Euro...
Airbus urged Britain on Friday to remain competitive for industrial investments after it voted to leave the European Union, as aerospace experts warned it could no longer take for granted a strategic position inside the European planemaker. "The world will not stand still, nor will Europe," Airbus Group Chief Executive Tom Enders said in a statement. "I hope the divorce w...
The Russian and Chinese governments signed an agreement on Saturday to cooperate under a program to build an advanced civilian heavy helicopter. The deal was signed during the official visit of Russian President Vladimir Putin to China. The press service of the Russian Helicopters holding, part of the Rostec state corporation, said the Russian side will provide assistance to the Chinese part...
Call it the new special relationship. The Smithsonian Institution in Washington and Victoria and Albert Museum in London, have signed an agreement for Smithsonian to organise exhibitions at the 2012 Olympics site in the British capital, where V&A will occupy part of a huge campus. The memorandum of understanding represents a landmark collaboration between the two major museums, even though...
Terrafugia’s Transition is a flying car. It’s an awkward, gangly beat, with wings that fold perpendicular to the ground like too-tall sails, and a wide, bubbly cockpit that seems out of place in the sky. It flies, and it drives, and now it has a waiver from the FAA that exempts it from some of the stricter requirements of being a light sport airplane, requirements hard to meet if it is...
A paid US consultant for Boeing advocated for the Iran nuclear deal without revealing his ties to the aircraft maker and its vested interest in the deal’s success. Thomas Pickering, a former US ambassador to Israel (1985-1988), was one of the most persistent advocates for the sanctions relief for nuclear rollback deal, testifying before Congress and writing op-eds. Pickering told...
Volga-Dnepr Technics Moscow (VDTM), part of Volga-Dnepr Technics subgroup – a maintenance, repair and overhaul division of Volga-Dnepr Group, has successfully passed a certification process to become an approved maintenance organization for Sukhoi Super Jet 100 aircraft under Russian Federal Aviation Regulations 285. VDTM is now capable to provide line maintenance, structural repair...
In the month of May JetLease Capital arranged and closed four aircraft financing transactions totaling just over $15,000,000. Details listed below: 1. New Phenom 300 business jet. The transaction was structured as a 6-month bridge loan facility. The client is a high net worth individual/entrepreneur based in the Southeastern United States. 2. 2005 Cessna Sovereign. The transaction was a refina...
