Saga Profit Up As Seniors Carry On Travelling

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Published: September 22, 2016

September 21, 2016 Customers of UK-based travel firm Saga have shrugged off security fears and the recent Brexit vote, with the company announcing an 8.5 percent pre-tax profit increase for the first-half of 2016. Saga, which specialises in travel and services for the over 50s reported H1 pre-tax profit of GBP£109.9 million (USD$ 142.5 million), […]

Boeing Iran License Expected Soon

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Published: September 22, 2016

September 21, 2016 Boeing expects the United States to approve a license to sell commercial aircraft to Iran after Airbus got the go-ahead from Treasury for a 17-aircraft deal on Wednesday. Airbus received licenses to deliver 17 aircraft to Iran as part of a January provisional order for 118 aircraft worth about USD$ 27 billion […]

US Approves Airbus Sales License For Iran

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Published: September 21, 2016

September 21, 2016 The United States Treasury has approved licenses for Airbus to export 17 aircraft to Iran. Airbus needs approval for the Iran deal because of the US-made parts in its aircraft. Airbus agreed in January to sell Iran 118 aircraft worth about USD$ 27 billion at list prices after international sanctions were lifted. […]

Dubai Aerospace To Buy Joramco Stake

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Published: September 20, 2016

September 20, 2016 Dubai Aerospace has signed an agreement to buy 80 percent of Jordan Aircraft Maintenance. Joramco is an independent commercial aircraft maintenance, repair and overhaul company with customers in the Middle East, Europe, South Asia, Africa, Russia and the CIS countries. Terms of the transaction were not disclosed. “We welcome Joramco to the […]

Lufthansa Technik, MTU Exploring Maintenance JV

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Published: September 20, 2016

September 20, 2016 Lufthansa Technik and MTU Aero Engines are examining a possible joint venture to provide maintenance, repair and overhaul services for the PW1000G family of geared turbofan engines. The companies have signed a memorandum of understanding to explore a JV, with a decision to be made by the end of the year. Lufthansa […]

Lufthansa, Air China Sign Joint Venture Deal

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Published: September 20, 2016

September 20, 2016 Lufthansa and Air China have signed a commercial joint venture agreement to jointly operate flights between Europe and China. The agreement will implement a memorandum of understanding reached between the carriers in 2014. The JV will allow the carriers to increase the number of code-share flights and coordinate more closely their flight […]

Saudia Manila Hijack Alert A False Alarm

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Published: September 20, 2016

September 20, 2016 A Saudi Arabian Airlines flight to the Philippines was surrounded by police at Manila Airport after the pilots sent an alert it was “under threat”. Saudia’s flight 872 from Jeddah to Manila parked in an isolated area of the airport, but passengers were not allowed to leave the aircraft for two hours. […]

Rolls-Royce To Cut 200 Managers

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Published: September 19, 2016

September 19, 2016 Rolls-Royce will cut 200 management positions through voluntary redundancy as it continues its restructuring. The UK-based aero engine maker announced a restructuring in November 2015 under a “simplicity and pace” tagline, aiming to save between GBP£150 million and GBP£200 million (USD$ 196 million – USD$ 261.5 million) annually by 2017. The company […]

EgyptAir Crash Debris Contains TNT Traces – Report

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Published: September 19, 2016

September 19, 2016 French investigators have found traces of TNT explosive on the wreckage of EgyptAir flight MS804, according to a media report. Le Figaro said that French investigators were prevented from further examination of crash debris after detecting the traces. EgyptAir flight MS804, flying from Paris to Cairo, crashed into the Mediterranean on May […]

EgyptAir Crash Debris Contains TNT Traces – Report

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Published: September 19, 2016

September 19, 2016 French investigators have found traces of TNT explosive on the wreckage of EgyptAir flight MS804, according to a media report. Le Figaro said that French investigators were prevented from further examination of crash debris after detecting the traces. EgyptAir flight MS804, flying from Paris to Cairo, crashed into the Mediterranean on May […]

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