Southwest Airlines closed on its purchase of all of the outstanding common stock of AirTran Holdings, the former parent company of AirTran Airways. Each share of AirTran common stock will be exchanged for USD3.75 in cash and 0.321 shares of Southwest Airlines' common stock. Southwest shares finished...
Boeing CEO Jim McNerny has left the company's options open over its narrowbody aircraft programme, with a “sharper view” to its narrowbody re-engining/replacement programme to be developed towards the end of 2011. Boeing's bias is towards developing an all-new narrowbody, with a projected service...
What brought about the heavy media coverage of the errors by air traffic controllers? Read more... ===> Posted on May 2, 2011 by Charles Spence. No comments. © GAN 2011
Story and Photos By J. DOUGLAS HINTON Warbirds ruled the sky March 11-13 when the Valiant Air Command Museum held its 34th consecutive airshow at the Space Coast Regional Airport near Titusville, Fla.Read more... ===> Posted on May 2, 2011 by Janice Wood. No comments. © GAN 2011
Lufthansa subsidiary, LSG Sky Chefs, announced plans to restructure its airline catering activities in Germany by 01-Jul-2011. LSG Sky Chefs Deutschland GmbH will be split into a management company and 12 individual operating companies.
Mexican airport operator Grupo Aeroportuario del Centro Norte reported a 41% drop in first quarter net profit, as passenger numbers eased by 3.7%, falling 1.4% domestically and 12.1% internationally. Shares in OMA were down 1.9% on Monday.
Korean Airlines and Asiana Airlines shares spiked yesterday on better investor confidence, as Korea's benchmark Kospi rose 1.67%, reflecting improved US sentiment. Shares in Korean Air rose 6.6%, while Asiana Airlines rocketed up 11.5%, with both stocks hitting their highest points since 21-Feb-2011...
By Robert A. McKenzie & Edward A. Snyder, Arnstein & Lehr Some aircraft owners are going to get an unpleasant surprise in 2011: The new Illinois Use Tax Amnesty program does not apply to all aircraft purchases. Read more... ===> Posted on May 2, 2011 by Janice Wood. No comments.… Read...
Robert Martin, Managing Director and CEO of BOC Aviation, explains the rationale behind his company's widebody orders and the effect the industry's recovery has had on demand for leasing companies. In this exclusive CAPA interview, Mr Martin discusses the A320 and A321neo, as well as offering valuable...
Cebu Pacific stated it handled more than 2.8 million passengers in 1Q2011, marking growth of 12% year-on-year increase. Load factors averaged 87% for a 4ppt improvement. This result keeps the airline on track to achieving its 12 million-passenger target this year, which would be a 15% increase from...
Readers of General Aviation News know that ethanol is bad for planes, so we thought this study would be of interest: Long heralded as a green alternative to fossil fuel, corn-based ethanol has become a costly distraction that chiefly benefits corporate, political and lobbying interests rather than the...
Master Instructors has revised its Master Instructor Continuing Education Program to improve participation by glider instructors. Read more... ===> Posted on May 2, 2011 by Janice Wood. No comments. © GAN 2011
Arizona aviation students can now apply for the 2011 Angel MedFlight Scholarship for Excellence in Aviation.Read more... ===> Posted on May 2, 2011 by Janice Wood. No comments. © GAN 2011
Crownair Aviation in San Diego is celebrating its 60th anniversary this year. Read more... ===> Posted on May 2, 2011 by Janice Wood. No comments. © GAN 2011
AeroCharts has released AirportZulu, a new app that allows iPad, iPhone and iPod Touch users to manage multiple time zones based on more than 25,000 airport locations worldwide. Read more... ===> Posted on May 2, 2011 by Janice Wood. No comments. © GAN 2011
Miami Executive Aviation at Opa Locka Executive Airport (OPF) is expanding the hours that U.S. Customs operates on the field. Previously only available until 9 p.m., the airport can now accept international aircraft arrivals until midnight year round. Read more... ===> Posted on May 2, 2011 by Janice...
The Museum of Flight in Seattle launches its celebration of the U.S. Navy’s 100th year of aviation May 14 with a full day of special activities sponsored by Honeywell. Events include lectures, a panel discussion with World War II navy fighter aces, vintage navy aircraft flights and fly-in displays...
This May 2009 accident report is provided by the National Transportation Safety Board. Published as an educational tool, it is intended to help pilots learn from the misfortunes of others. Aircraft: Cessna 152. Injuries: None. Location: Opelousas, La. Aircraft damage: Substantial. What reportedly happened...
International traffic to/from India in FY2010/11 saw strong and steady growth of just over 10%. But CAPA believes that this could have been higher had there not been a freeze on the granting of additional bilateral rights with key markets. The freeze was the result of Indian carriers concerned about...
It is no exaggeration to suggest that Air India is much more than an airline. In fact as an airline it is hardly world class any more. But as a representation of what can go badly wrong in an India where there is so much potential and room for economic and social expansion, there is no better case study...
Saudi Arabian Airlines, the second-largest airline in the Middle East by revenue and passenger numbers, has announced ambitious plans to become a “market leader” in the Middle East, the region identified by IATA as having the world’s strongest growth prospects and the region where as many as four...
The fortunes of one of America’s top airline companies – Republic Airways Holdings – have really taken a turn as it posted another 1Q net loss to the tune of USD22.4 million in the first quarter, a 38.6% negative swing for the company as it successfully struggled to narrow its losses since the...
Takes ‘outstanding award’ at Sun ’n Fun By MARK STULL Lucky Stars III is my eighth original ultralight design, but my first with a tractor engine. It was a worthy challenge, significantly different from my previous designs, and includes a couple fun and interesting experiments. Read more...
Following its US low-cost carrier counterparts, WestJet posted rising first quarter net income of CAD48.2 million, a CAD46 million jump from the CAD2.4 million posted in the first 2010 quarter and a 6.4-point jump in operating margin to 10.3%.
Growth in international air travel slowed in Mar-2011 as the Japanese earthquake and political turmoil in the Middle East and North Africa stalled the previously strong growth in air travel on international markets, IATA said. The Association warned that the second quarter would likely see “continued...
As CAPA continues its examination of ACI’s top 30 airports in 2010 using data available on the CAPA website, we come to Madrid, an airport ranked 27th in 1999 that has seen development and growth in the 21st Century.
Lufthansa Group posted a net profit of EUR1.1 billion and an operating result of EUR876 million for 2010. The Lufthansa executive and supervisory boards will be proposing a dividend of EUR0.60 per share.
Atlas Air Worldwide Holdings Inc reported that net income totalled USD10.5 million in 1Q2011, down 69% from USD33.8 million in 1Q2010. The fall is reportedly due to an increase in maintenance and fuel expenses.
Australian Infrastructure Fund reported passenger traffic flat across its portfolio airports in Mar-2011, with some continuing to experience the effects of recent natural disasters. AIX shares finished flat yesterday and have lost 1.6% in early ASX trading.
Virgin Blue rebranded its short-haul operations Virgin Australia today (04-May-2011) with a new livery, brand and product as it takes the battle to its larger rival and increase its share of Australia’s corporate travel market. Shares in the carrier were flat in early afternoon trading on the ASX.
