The year is looking like a good one for airlines in the UAE, led by strong performances at Emirates and Etihad Airways. Despite the uncertainty surrounding the civil unrest in the Middle East and North Africa, airlines in the country are expanding relentlessly and, just as importantly, profitably. Emirates...
WASHINGTON, D.C. — The 18th extension for FAA funding of programs expired at midnight Tuesday, May 31, but a committee aide told General Aviation News the programs were extended for one more month. This is the 19th extension. Being just one month in duration might signal both Houses of the Congress...
Aegean Airlines has reported a net loss of EUR16.3 million before tax of 1Q2011 on revenue of EUR105.8 million. The result is a notable improvement on 1Q2010, when it reported a EUR25.6 million loss.
LAN Airlines is reportedly interested in acquiring a stake in Brazilian carrier GOL should its proposed merger with TAM fall through. Shares in GOL jumped 4% on Tuesday - its largest single-day gain for a month - while TAM shares were down 0.4% and LAN shares dropped back 1.3%.
Korea Aerospace Industries (KAI) will raise at least USD475 million through its IPO, with the indicative price range set between KRW14,000 (USD12.99) and KRW16,000 (USD14.85) per share.
Believe it or not, it's not easy being an enthusiastic fan of all things aviation. In fact, it can be a challenging job. As with any complex issue, there are disparate factions, consistent dissenters, ne'er-do-wells, and outright bad actors wandering around out there, mixed in with the sincere, the...
Shares in South Africa's 1Time Holdings plummeted 16.7% yesterday. The carrier's shares hit their lowest point since Jul-2009.
The GAfuels Blog is written by two private pilots: Dean Billing, Sisters, Ore., an expert on autogas and ethanol, and Kent Misegades, Cary, N.C., an aerospace engineer, aviation sales rep for U-Fuel, and president of EAA1114. In a surprise twist in the ongoing debate over a replacement to leaded avgas...
According to most who use it, Singapore Changi Airport works, and it works very well. As the recipient of countless “best” awards over an extended period, it has attained an almost mythical status, combining efficiency, service and amenities in a unique and passenger-friendly mix. Despite the airport...
The airline distribution war is entering a new phase, as American Airlines and Sabre initiate formal legal proceedings. This follows a series of duelling press releases and humourous American Airlines ads against Orbitz. On the sidelines - and soon to be more centrally important - Google’s flight...
The latest trendy acronym beyond "BRIC" and "N11" is CIVETS; a gaggle of widely dispersed countries – Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa – that are all dynamic and diverse emerging economies with inflation under control and sophisticated financial systems with an absence...
Lufthansa and All Nippon Airways have announced they are launching a strategic JV on Japan-Europe routes after ANA received antitrust immunity approval from Japan's MLIT. The carriers aim to introduce the new JV within the 2011 winter timetable.
Airline stocks in North and South America fell heavily yesterday, as US markets dropped on poor economic data. Oil prices fell sharply with WTI crude on the NYMEX for delivery in July, down USD2.41 to close at USD100.29 per barrel.
One of the early success stories in Light-Sport aviation was the Allegro. The #3 Special LSA to be approved started out so strong that even after three years of no sales following the collapse of the Czech Fantasy Air company, Allegro still holds the #14 spot on the SLSA Market Share chart. When Fantasy...
Bombardier has broken a 16-month ordering drought for its new CSeries and reported a better-than-expected 1QFY2012 profit, lifting its shares 3% against a general aerospace stock slump. Bombardier, which is also the world's largest train maker, reported net profit of USD220 million, up from USD195 million...
Russia's largest leasing company VTB Leasing announced a net profit of RUB1.3 billion for 2010. Revenue from core operations was RUB11.2 billion, with aircraft and aviation equipment leasing accounting for 23.4% of its total portfolio.
Cathay Pacific Airways sees enough growth in the top end of the market to stick entirely with the traditional full-service model and will not be persuaded to follow some of its biggest rivals in establishing a low-cost carrier subsidiary.
The FAA has given the go ahead for The Ultimate Air Race Challenge (UARC). Continue Reading »===> Posted on June 1st, 2011 by Janice Wood. No comments. © GAN 2011.
Fraport forecast growth in passenger numbers and earnings to continue this year and into 2012. CEO Stephan Schulte cautioned that forecasts will only be realised if there are no traffic dips or constraints caused by unpredictable events.
GUEST BLOG By Scott M. Fisher I’ve been crazy about airplanes and history since I was very young — especially when it has some kind of personal connection. So the topic of my new book “Eastern Iowa’s Aviation Heritage,” which combines aviation plus eastern Iowa, where I grew up, is a very...
WASHINGTON, D.C. – Secretary of Transportation Ray LaHood and FAA Administrator Randy Babbitt announced today that the FAA will begin to impose civil penalties against people who point a laser into the cockpit of an aircraft. Continue Reading »===> Posted on June 1st, 2011 by Janice Wood....
Commercial links between airlines in the Asia Pacific and the US and Europe became a little closer yesterday, with a number of alliance partnerships and codesharing agreements coming into effect. American Airlines and Japan Airlines have tied up a trans-Pacific JV, All Nippon Airways and Lufthansa will...
SpiceJet reported a 64.6% jump in net profit for the 2010/11 financial year as higher load factors and an improvement in air traffic demand outweighed a steep rise in fuel costs and “significant” yield pressures. Net profit for the 12 months to Mar-2011 increased to INR1.01 billion (USD22.4 million...
In the face of strong industry opposition and proposed congressional language, the U.S. Transportation Department (DOT) is moving ahead with a proposal to provide public access to most general aircraft tail numbers via flight-tracking services, according to a story at AviationWeek.com. The change, which...
Officials at the Northeast Florida Regional Airport have announced that it has sold out of exhibit space for the “Destination...Bahamas” event to be held June 4, from 10 a.m. – 2 p.m. The regional event, free to the public, will highlight ease of travel to and from the Islands of the Bahamas....
Clear, blue skies made for a welcoming introduction to general aviation at Frederick Municipal Airport (FDK) in Maryland for a local event that was part of the second annual International Learn to Fly Day. More than 350 people from the community flocked to the airport, and volunteer pilots from the...
The State of South Dakota and the Federal Emergency Management Agency have requested the S.D. Wing of the Civil Air Patrol to provide aerial photography of flooding below the Missouri River main stem dams in the state. Continue Reading »===> Posted on June 1st, 2011 by Janice Wood. No comments...
The future of Jetpack travel is a step closer after the latest record-breaking test in the Martin Jetpack. The Jetpack shot into the sky over the Canterbury Plains in New Zealand at a climb rate of 800 feet per minute, reaching an altitude of 5,000 feet (previous record 100ft/min & 50 ft altitude...
Thousands of young people will take to the sky on Saturday, June 11, as EAA volunteers continue an aviation tradition – International Young Eagles Day. Continue Reading »===> Posted on June 1st, 2011 by Janice Wood. No comments. © GAN 2011.
Students at Sanford, Fla.-based Aerosim Flight Academy students received a once-in-a-lifetime opportunity recently when two Women Air Force Service Pilots (WASP) were guest speakers at their school. Two members of WASP, Bernice “Bee” Haydu and Shirley C. Kruse, came to the academy to talk to students...
