Airbus Offers Longer Range Version Of A321neo

By
Published: October 22, 2014

Airbus has begun offering airlines a long-range version of the A321neo, aimed at replacing the Boeing 757. “The long-range version of the A321neo will be the ideal 757 replacement with true transatlantic range, 25 percent lower fuel burn and true long-range comfort,” an Airbus representative told Reuters news agency. The new jet would fill a […]

Lufthansa To Sell IT Business

By
Published: October 22, 2014

Lufthansa is close to selling its IT infrastructure division and completing an outsourcing deal with IBM, which will result in a EUR€240 million (USD$ 305.57 million) pre-tax charge in 2014. The deal, which is expected to close at the end of the first quarter of next year, will yield an average of EUR€70 million in […]

New York Airports Overhaul Takes Step Forward

By
Published: October 21, 2014

A long-awaited overhaul of New York’s LaGuardia and John F Kennedy airports has moved a step closer to reality with the state and federal governments touting a sweeping plan to make over two of the busiest US travel hubs. The initiative, announced by New York Governor Andrew Cuomo and Vice President Joe Biden, envisions state-of-the-art […]

Airlines Offer Concessions To Settle EU Probe

By
Published: October 21, 2014

Skyteam alliance partners Air France-KLM, Delta Air Lines and Alitalia have offered to give up slots at three airports and made other concessions to try to settle an EU antitrust investigation. The carriers found themselves in the European Commission’s sights in January 2012, after the EU competition authority said their alliance, involving profit-sharing and joint […]

Pilots Threaten More Strikes At Lufthansa

By
Published: October 21, 2014

Lufthansa’s pilots’ union said it could call for further strikes this week if the German airline fails to resume negotiations over retirement benefits, heaping pressure on management as the eighth walkout this year continued. Lufthansa pilots began a strike at 13:00 local time on Monday on short-haul flights and widened that to include long-haul on […]

US Airlines Raise Fares By USD$2 On Average

By
Published: October 21, 2014

Major US airlines have raised domestic one-way fares by USD2 on average since Thursday, marking the first industry wide increase in half a year. The increases suggest that airlines do not intend to pass along savings from the decline in jet fuel prices to their customers. The news may quell concern that airline revenue will […]

Business Jet Sales To Keep Rising

By
Published: October 20, 2014

Business jet buyers are expected to take delivery of 675 new aircraft worth about USD$ 20.5 billion this year, a slight rise over deliveries worth USD$ 20 billion 2013. The outlook for the next decade shows demand for 9,450 jets worth about USD$ 280 billion. That’s up from 9,250 jets worth USD$ 250 billion in […]

Germany Blames Rebels For MH17 Crash

By
Published: October 20, 2014

Germany’s BND foreign intelligence agency has concluded that pro-Russian rebels are to blame for the downing of Malaysia Airlines flight MH17 in Ukraine in July, Der Spiegel weekly reported. The crash over pro-Russian rebel-held territory in eastern Ukraine on July 17 killed all 298 passengers and crew and led to a further deterioration of ties […]

Lufthansa Pilots Extend Strike To Long-Haul

By
Published: October 20, 2014

German pilots raised the pressure on Lufthansa management, widening a two-day strike to include long-haul flights that are among the airline’s most profitable. The Vereinigung Cockpit (VC) union called on pilots on long-haul routes to walk out between 06:00 and 23:59 local time on Tuesday, coinciding with a two-day stoppage on short-haul flights that began […]

Rolls-Royce Warns Again On Profit

By
Published: October 20, 2014

Rolls-Royce warned that deteriorating economic conditions meant its profit would not rise next year as previously forecast. Rolls said the market for its main aircraft engine business would strengthen but customers in the oil and gas, mining, construction, industrial and agricultural sectors were canceling or delaying orders. “The economic environment has deteriorated, and it has […]

« Previous PageNext Page »