Private Jets Charter News

Kenya Airways rejoins African Airlines Association; Lonrho climbs; 1time slips

African Airlines Association (AFRAA) and Kenya Airways (-1.0%) announced during trading that the airline has rejoined AFRAA, after a six year absence, following a meeting between AFRAA Secretary General, Nick Fadugba, and Kenya Airways Group Managing Director and CEO, Dr Titus Naikuni.

Chile's massive earthquake: Aviation update

Chile's President-elect Sebastian Pinera will take over from current President, Michelle Bachelet, on 11-May-2010, inheriting a country and infrastructure shattered by the 8.8 magnitude earthquake early on Saturday (27-Feb-2010). Mr Pinera is currently working with Mrs Bachelet to coordinate recovery...

Lonrho stock slumps on news Fly540 Zimbabwe yet to receive AOC; Air Arabia up

Lonrho (-9.6%) shares slumped, losing the gains it made the day prior, after its LCC subsidiary, Fly540 Zimbabwe, stated during trading it has yet to receive an AOC from the Civil Aviation Authority of Zimbabwe.

Chile earthquake - Aviation Update: LAN to resume restricted operations on 02-Mar-2010

LAN Airlines (-1.8%) was one of only two North and South American carriers to experience a decline in stocks on Monday (01-Mar-2010), after it was forced to cancel 17 flights to/from Santiago over the weekend as a result of Chile’s 8.8 magnitude earthquake on 27-Feb-2010. It was a mild fall, suggesting...

Genesis Lease and AerCap continue share price surge, B/E Aerospace trading strongly

AerCap and Genesis Lease have continued their strong recent share price performances, reporting gains of 3.8% and 4.6%, respectively yesterday, as they draw ever closer to their merger, expected to be closed on 25-Mar-2010.

Continental Airlines’ yields and traffic levels improve in Feb-2010, aiming to “make money” in 2010

Continental reported another encouraging set of traffic results for February, with its first month of positive yield growth since Dec-2008 and continued record load factors.

Nordic market highlights the adapt or perish philosophy

The Nordic market is a good case study of the general requirements for carriers operating in a challenging environment, emphasising the need for airlines to adapt to the environment or perish. While each of major carrier has adopted differing strategies throughout the global economic crisis, the successful...

Singapore Changi Airport Group acquires stake in Aeroporti di Roma’s parent, GEMINA

Shares in GEMINA SpA, the holding company of Aeroporti di Roma (AdR) gained 1.3% yesterday, as Singapore Changi Airport Group (CAG) acquired a 5% stake in the Italian airport operator through its wholly-owned subsidiary, Changi Airports International (CAI), for USD70.9 million.

Lufthansa and BA gain, Air France-KLM flat. Global business travel outlook improving – Ascend

European airline shares were generally higher yesterday amid a solid session for European equities. Lufthansa added 1.3%, while British Airways rose 0.6%.

Southwest shares reach new 52-week high; US LCC investors optimistic of profitable results in 2010

US airline shares rose again on Monday on the back of positive US economic data, raising hopes of demand improvements and future growth, as the world’s largest economy shows evidence of a steady recovery.

Qantas announces resignation of Chief Financial Officer

Qantas Chairman, Leigh Clifford, and CEO, Alan Joyce, announced the resignation of Chief Financial Officer and Board Member, Mr Colin Storrie, citing personal and health reasons. Mr Clifford said Mr Storrie’s resignation would take final effect from 05-Mar-2010 and that the Board had agreed to succession...

Virgin Blue announces former Qantas exec, John Borghetti, as new CEO

Virgin Blue appointed John Borghetti as the company’s new CEO and Managing Director, effective 08-May-2010, replacing outgoing CEO Brett Godfrey. Mr Borghetti resigned from Qantas in May-2008 after 36 years at the carrier. Mr Borghetti was among a handful of employees tipped to replace Geoff Dixon...

Malaysia Airlines sees shift from business to economy; considering Premium Economy A380 seating

Malaysia Airlines’ Senior GM Network and Revenue Management, Ain Khan, in an interview with Bloomberg, confirmed the carrier is considering introducing Premium Economy seating in its six on-order A380s, commenting that it would "provide another option for our passengers".

MAp Group back in growth mode. Q&A with CEO, Kerrie Mather

MAp Group airports, Sydney, Copenhagen and Brussels, have come through the global financial crisis looking better than ever, according to CEO, Kerrie Mather. Talking exclusively to CAPA’s Airport Investor Monthly, Ms Mather describes the drivers of MAp’s performance in 2009, the outlook for 2010...

Royal Jordanian establishes environment management programme;Kenya Airways B767 reliability improves

Royal Jordanian (-1.0%) declined on Tuesday (02-Mar-2010). The carrier announced during trading that it has signed an MoU with USAID/Jordan Tourism Development Project II (Siyaha II), agreeing to cooperate in setting up an environmental management plan (EMP) for RJ.

Continental Airlines loses USD25 million from snow storm; LAN decline slows after Chile earthquake

North and South American carriers’ stocks went against wider markets on Tuesday (02-Mar-2010), falling lower after Continental Airlines (-3.3%) stated constant snow storms have cost the carrier USD25 million in lost revenue. The AMEX Airline Index fell 1.2% as a result.

Lufthansa reports better than expected FY2009 results; British Airways benefits

European shares climbed for the third consecutive day on Tuesday (02-Mar-2010), reaching a near six-week high. Banking and auto maker shares were the biggest gainers, ahead of the release of new austerity measures by Greece to handle its debt issues. As a result, the majority of European carriers’...

Auckland Airport reports a strong month in the domestic market in Jan-2010

Shares in Auckland Airport jumped 1.6% yesterday, upon the release of its traffic report for Jan-2010. Domestic passengers led the way up, increasing 11.8% year-on-year to 481,995, while international passengers rose 1.8% year-on-year to 733,296, despite a 2.8% reduction in aircraft movements to 12,...

European LCCs gain passengers, while network carriers lose passengers, in 2009

The European Low Fare Airline Association (EFLAA) announced that its 11 members (Blue Air, bmibaby, easyJet, Flybe,, Norwegian, Ryanair, SverigeFlyg,, Vueling and Wizz Air) carried 162.5 million passengers in 2009, an 8.7% year-on-year increase, equating to an additional 13...

Meggitt hit by lower civil demand in 2009, forecasts rebound for 2H2010 - Suppliers Share Wrap

UK aerospace and defence supplier, Meggitt, reported a 1% drop in revenue in 2009 and a 3% cut in operating profit for the year, as increased military sales and better currency exchange effects offset the downturn in the company’s civil aerospace markets.

Asia Pacific leading the travel demand recovery; Thai declares dividend

IATA reports that Asia Pacific carriers experienced a 6.5% increase in demand in Jan-2010, adding that “of the improvement in demand seen since the early 2009 low point, 31% has been realised by carriers in the region, which is leading the global economic recovery”.

USD150 million impact on US airlines from winter storms

If Continental’s experience is any measure, the US airline industry may be looking at USD150 million in storm-related losses for February and certainly more than that for the first quarter. Yesterday, the Houston-based carrier indicated that February’s series of 'snowpacalypses' that ran up the...

IATA includes LCC data for “more accurate representation” of total international growth

IATA has commenced including data from non-member LCCs and estimates for other non-reporting airlines in its monthly industry traffic reports, to make for a “more accurate representation of total international passenger and freight markets”, adding, “all airlines are competing for this traffic...

Two paced aviation recovery: Emerging markets streaking ahead

The latest international air traffic report from IATA (for Jan-2010) confirms the industry is recovering as a whole, but there is a growing divergence between the ‘Haves’ (ie strong economies, traffic growth) and the ‘Have-nots’ (tepid economies and traffic growth). IATA observed, “the pace...

Outlook 2010 for second tier Middle East airlines

Aviation headlines in the Middle East tend to be dominated by the ambitious sixth freedom hub players (the ‘Big Three’: Emirates, Etihad Airways and Qatar Airways). However, there are some major developments at the second tier full service carriers in the region, such as Oman Air, Royal Jordanian...

Lonrho states African businesses are growing; Royal Jordanian and Kenya Airways down

In South Africa, Lonrho's shares (+4.2%) gained again, after the company stated its African businesses are growing. The carrier reported a decline in losses before tax to GBP4.5 million for the 12 months ended 30-Sep-2009, from GBP38.7 million in 2008. Net loss for the year was GBP5.3 million, significantly...

British Airways reports improved traffic; Ryanair load factor declines; Air France up

European airline stocks were mostly up on Wednesday (03-Mar-2010), moving higher with the wider market after Greece released a new set of austerity measures to overcome its debt issues. However, gains were capped by a 1.5% rise in oil prices, to USD80.87.

US Airways loses USD30 million in sales from storms

North and South American carriers’ stocks were mixed on Wednesday (03-Mar-2010), on varied traffic results from US carriers. Stocks also tended to move with the wider market, with the Dow (-0.9%) slipping, after the US Federal Reserve stated loan demand was still weak. However, losses were trimmed...

Airline mergers gaining attention - and traction (?) in 2010

The “M” word – merger – has been trumpeted in US airline circles since December, particularly once the analyst community began to see there might be a light at the end of the recessionary tunnel. A mere three months later, merger is on the tip of the tongue both in the executive suite, as well...

Continental Airlines offering new ancillary revenue option: Legroom

Continental will be offering customers the option for as much as an additional seven inches of legroom when they check-in for their flight. The airline has no projected revenue target for the new feature, nor does it have a single price. “It depends on the length of the flight, the market and even...