Emirates Airlines and Qatar Airways hikes World Cup Fares

Dubai's Emirates Airlines and Qatar Airways have hiked up the prices of flights to Brazil during the World Cup next year by up to 70 percent, Arabian Business  can reveal. Return economy flights on Emirates between Dubai and Sao Paulo on June 10, just two days before the 2014 World Cup begins, are being sold for AED10,675 ($2,906) – a surge of nearly 70 percent on an identical...

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IATA Calls Ethiopian Air Cargo Market fastest growing in the World

The International Air Transport Association (IATA) last week announced that Ethiopia's air cargo market is the fourth fastest growing in the world. IATA's Airline Industry Forecast 2013-2017 released at the IATA annual Cargo Media Day held on December 11 in Geneva, Switzerland, shows that Vietnam is expected to be the fastest growing country for air freight volumes over the forecasting horizon with a compound annual growth rate (CAGR) of 6.6 per annum, followed by Bangladesh (5.7 percent ...

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Spike S-512 could be the worlds first supersonic business Jet

With the Cessna Citation X set to receive FAA certification in early 2014 and knock the Gulfstream G650 off it's world's fastest civilian aircraft perch thanks to its maximum operating speed of Mach 0.935, Boston-based Spike Aerospace is looking to leave both those aircraft in its wake with its S-512. Spike says its S-512 will be the world's first supersonic business jet, boasting a cruising...

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Malaysia Airlines temp Switch from Dubai Int'l to Deuabi World

Malaysia Airlines (MH, Kuala Lumpur Int'l) will temporarily switch its Kuala Lumpur Int'l to Dubai operations from Dubai Int'l to Dubai World Central over the period May 1, 2014 to July 20, 2014. AirlineRoute reports the daily service as being operated by an A330-300. Numerous regional and international carriers have announced contingency plans to cope with the disturbances caused by Dubai International's...

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SINGAPORE AIRLINES CARGO has reached a settlement

Singapore Airlines Cargo (SQC, Singapore Changi) has reached a settlement with plaintiffs in a class action case brought against it in the United States. Under the terms of the settlement, the Singapore Airlines (SQ, Singapore Changi) subsidiary will pay USD62.8million and make a corresponding provision in its financial statements. However, the airline says it hasn't admitted...

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Alitalia Three new shareholders

Alitalia (AZ, Rome Fiumicino) has officially unveiled three new shareholders following their participation in a recent EUR300million (USD410million) cash call. In their statement, the Board of Directors of Alitalia, chaired by Roberto Colaninno, announced Italy's Poste Italiane, bank Unicredit and Odissea Spa by Antonio Percassi as their new shareholders. In the meantime, no further news on...

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Emirates Order with Airbus A380-800s

Emirates (EK, Dubai Int'l) and Airbus Industrie (AIB, Toulouse Blagnac) have completed discussions and signed the firm contract for fifty additional A380-800s originally announced at the Dubai Airshow on November 17, 2013. The contract documents were finalised by Tim Clark, Emirates Airline President, during a visit to Airbus’ Headquarters in Toulouse, France. The largest operator of the type,...

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Egypt Air Plans to place Aircraft Orders

Egypt Air (MS, Cairo Int'l) plans to place major aircraft orders in the next two months in spite of mounting losses. Speaking to AIN Online, EgyptAir chairman and chief executive Hossam Kamal said his airline had not placed any orders at the recent Dubai Airshow as a response to the malaise facing Egypt’s vital tourism sector. “We have an expansion plan to reach 127 aircraft by 2025, 32 of...

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AIR INDIA Looking to sell seven B787-8s

Air India (AI, Mumbai Int'l) is looking to raise USD840million through a sell/lease back scheme involving seven of its B787-8s. India's national carrier is looking to use the funds to pay off bridge loans taken out against these aircraft. "We have put seven Boeing 787-8 Dreamliner planes for sale and leaseback to mop up funds," AI sources told the Economic Times. "We expect to...

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PIA Considering Selling its fleet B747-300s

PIA - Pakistan International Airlines (PK, Karachi Int'l) is considering grounding and selling off its fleet of four ex-Cathay Pacific (CX, Hong Kong Chep Lap Kok) B747-300s. The Pakistani press says the airline's board is considering the variant's future amid concerns raised by the operations department regarding their poor fuel efficiency. An official decision on the move is expected to be...

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AIR CARAIBES CONFIRMS DEAL WITH AIRBUS

Air Caraïbes (TX, Pointe à Pitre) has officially signed a firm contract with Airbus Industrie (AIB, Toulouse Blagnac) for three A350-1000s. The airline will also lease three new A350-900s from the International Lease Finance Corporation (ILFC). The aircraft will enter into service between 2016 and 2022. Air Caraïbes’ A350-1000s will seat 439 passengers in three classes, while the...

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EVENTS

HELI-EXPO 2014  Anaheim, CAFebruary 25, 26, 27 2014    MRO Americas 2014  Phoenix, AZApril 8, 9, 10 2014   AP&M Europe 2014  May 6-8, 2014Olympia Grand HallLondon, UK    Aviation Suppliers Association 2014 Conference   June 15-17, 2014Fairmont Hotel, GeorgetownWashington, DC     MRO Europe 2014  October 7-9, 2014Madrid, Spain NBAA 2014 Orlando, FLOctober 2014 ...

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BOLIIVIA LANDING AND OVERFLIGHT PERMITT PROCESS BECOMING STRICTER

Bolivia has become stricter on landing and overflight permit requirements and lead times over recent months. If you are a business aircraft operator who travels in this region, it’s recommended that you work with your 3rd-party provider to confirm permit lead times, as well as specific documentation and procedural requirements. Below is an overview of what you need to know: 1. Know landing and overflight permit requirements for Bolivia Both landing and overflight permits are required for...

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Ernst&Young takes LOT to court over failure to pay for turnaround plan

LOT Polish Airlines (LO, Warsaw Chopin) will be taken to court by Ernst&Young (E&Y) for the non-payment of a restructuring plan prepared for the ailing Polish national carrier. According to the Warsaw Business Journal, LOT refuses to pay Ernest&Young demanding instead that it pay for another PLN6.5million (USD2.138million) plan, prepared by PricewaterhouseCoopers (PwC) and later...

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Zhejiang Loong Airlines takes delivery of first two passenger jets

Zhejiang Loong Airlines (GJ, Hangzhou) took delivery of its first of two passenger jets, an A320-200, B-9962 (cn 5656), at a ceremony held at Hangzhou on December 16. According to WCARN, the second A320-200, B-9982 (cn 5679), arrived on December 22. Originally an all-cargo carrier operating a fleet of three B737-300(F)s, Zhejiang Loong was recently granted passenger traffic rights...

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