Private Jets Charter News

ZAGAT frequent flyer survey; two thirds flew more than in 2008, but green credentials less important

The annual ZAGAT survey of the world’s major airlines has just been released. The results hold few surprises and the perennial favorites continue to occupy expected positions. But the survey’s contributors give it added importance because they are representative of the group of (predominantly American...

Ireland considers abolition of EUR10 travel tax, Ryanair asks for more

Ireland’s Minister for Tourism, Mary Hanafin, stated in Nov-2010 that the Irish Government would consider scrapping the controversial EUR10 air travel tax in its forthcoming budget as it has failed to "return the revenues expected". Minister Hanafin said the government had forecast EUR125 million...

Brazilian infrastructure lags behind boom; airports to reach capacity before World Cup

The inadequate state of Brazil’s airport infrastructure has been highlighted this month at the Brazil Investment Summit and the Latin American and Caribbean Air Transport Association (ALTA). GOL Airlines CEO Constantino de Oliveira Jr warned that Brazil’s airport infrastructure is lagging behind...

Lufthansa gains on analyst upgrade; Thomas Cook slumps; Iberia and Vueling pilots to strike

Lufthansa (+3.2%) rose with the majority of European airline shares on Wednesday (01-Dec-2010), after a positive note from Goldman Sachs. The analysts upgraded Lufthansa from "neutral" to "buy" by during trading. Conversely, Norwegian (+3.0%) and easyJet (+1.5%) were downgraded from "buy" to "neutral...

Airbus goes ahead with A320 new engine option – Suppliers Share Wrap

Airbus announced it will offer the A320neo (new engine option) from spring 2016 and believes it could sell as many as 4000 of the reworked aircraft. The move is good news for Pratt and Whitney, which will offer its PW1100G engine, and Safran and GE, which will produce the other engine for the aircraft...

Delta’s legal case dismissed; Hawaiian looking to expand in Asia; GOL and TAM rise

North and South American airline stocks soared higher on Wednesday (01-Dec-2010) following a positive jobs report in the US and news China reported factory production rose to a seven-month high in Nov-2010. GOL (+3.4%) and FedEx (+3.2%) led the charge.

Skymark closes at highest level in more than five years

LCCs were mostly higher to start the month, following positive moves on major markets, boosted by a series of positive economic news out of the US, Asia and Europe.

The Nomura Group sees better year for LCCs; African shares stable

The Nomura Group announced it sees a slightly better year for low-cost airlines, despite over-capacity from national carriers limiting upside to yields, as well as cost pressures from higher jet fuel prices.

Skymark to hire former JAL staff; AirAsia X to launch services to Christchurch

Asian stocks generally rose yesterday as reports showed US consumer confidence increased and China’s manufacturing activity expanded.

Australian Infrastructure Fund reports 7.6% pax increase; GMR shares gain 7.6%

Australian Infrastructure Fund (AIX) shares dropped by 1.8% on Wednesday (01-Dec-2010). On the same day the airport operator announced the passenger traffic across its airports increased 7.6% year-on-year in Oct-2010. Highlights include:

Why don’t women run airlines? Part Two of the Airline Leader special report

In the second of a four-part series on women in aviation, CAPA's new Airline Leader high-end monthly magazine examines the typical roles occupied by women across the world’s airlines. The report notes that a common thread among many women who have navigated their way to the top is that they have either...

flybe to list on London exchange; sights set on further European growth

flybe, Europe’s largest regional airline and the UK’s largest domestic airline, announced its much-awaited and delayed plans to list on the London Stock Exchange (FLYB.LN) following an IPO to finance its fleet expansion and acquisition strategy. The offer is expected to raise GBP60 million, which...

AirAsia posts record 3Q profit, Malaysia Airlines returns to profitability

Malaysia Airlines returned to profitability in the third quarter (three months ended Sep-2010) with passenger and freight units performing well while AirAsia more than doubled earning in the period to a record high as travel demand improved amid the Asia Pacific region's economic recovery. AirAsia continued...

Bombardier not worried about neo, biggest hurdle is schedule credibility

While press reports said Bombardier’s reaction to the new Airbus narrowbody A320neo were that it was not a surprise, the real reaction can be summed up by paraphrasing yesterday’s more-than-confident attitude as “close but no cigar”.

Royal Jordanian to receive first B787 in Sep-2013; Lonrho shares down 1.5%

Royal Jordanian (+0.6%) President and CEO Hussein Dabbas stated it expects to receive its first B787 in Sep-2013 with four more to arrive by 2014. Further deliveries will be made from 2015. The carrier has 11 B787 orders. Mr Dabbas also stated the carrier will make a "decent profit" in 2010 despite...

Republic gains on improved traffic; Alaska Air up marginally, American Airlines falls

Republic Airways (+2.6%) was the biggest gainer in a day of mixed trading for North and South American airline stocks on Thursday (02-Dec-2010). The carrier reported a 3.0 ppt year-on-year rise in load factor for Nov-2010 during trading, to 78%. The improvement was the result of a 4.0% improvement in...

Skymark continues strong run

Skymark continued its strong run yesterday, gaining 4.0% to close at JPY1043, a five-year high. The wider Tokyo market was similarly strong, hitting a five-month high on positive global economic news.

GKN Aerospace and Meggitt share up strongly, Bombardier drops – Supplier Share Wrap

Shares in UK aerospace company GKN Aerospace gained 7.7%, continuing a three-week positive run for the company’s share price. GKN announced this week that it has secured a multi-year production contract to supply lightweight titanium thrust links for the B747-8 and for both engine variants of the...

TUI Travel reports improved winter bookings; Lufthansa upgraded by another analyst; Finnair down

TUI Travel (+7.3%) shares rocketed higher on Thursday (02-Dec-2010), leading the rise in European airline shares for the day. The company was up after reporting a 4.0% year-on-year improvement in profit before tax to GBP337 million, for the 12 months ended 30-Sep-2010. However, it reported a net loss...

Do&Co shares gain 13.9% on first day; Fraport examines Spanish airports

Do&Co Restaurants and Catering AG shares gained 13.9% on its first day of trading following an initial public offering. Do&Co is the first foreign-based company to be listed on the Istanbul Stock Exchange. It sold a 29% stake on 26-Nov-2010.

Australian authorities recommend more inspections for the A380 Rolls-Royce Trent 900s

Australia’s Transport Safety Bureau (ATSB) and Civil Aviation Safety Authority (CASA) have released their safety recommendations and the results of the preliminary investigation relating to the failure of a Rolls-Royce Trent 900 engine on a Qantas A380 last month. The report by the ATSB identifies...

Qantas begins talks with Rolls Royce to recoup losses from A380 groundings

Qantas has begun talks with Rolls-Royce to recoup financial losses from the grounding of its Airbus SAS A380 fleet after an engine malfunction last month. The carrier added that it will take legal action if a settlement can not be reached. Qantas shares climbed 1.2% to AUD2.64 yesterday.

Cathay Pacific's Tony Tyler appointed IATA Director General; first with Asian perspective

IATA on 03-Dec-2010 announced that its Board of Governors has selected Tony Tyler, CEO of Cathay Pacific, in a unanimous decision to fill the post of IATA Director General and CEO following the retirement of Giovanni Bisignani next year. It would have been difficult for the Board to ignore the importance...

Jazeera Airways to increase services; Kuwait National Airways shares down 6.5%

Jazeera Airways stated (05-Dec-2010) it is operating 20 weekly services to Dubai and 13 weekly services to Bahrain effective 01-Dec-2010.

British Airways down; Government looking to privatise Turkish Airlines; Aeroflot gains on World Cup

British Airways (-1.9%) declined with the majority of European airline shares on Friday (03-Dec-2010) after reporting a 1.2ppt year-on-year decline in load factor for Nov-2010 to 74.7%. The decline was led by a 5.3ppt reduction in Asia Pacific load factor to 80.9%. However, the region remained BA’...

Europe’s ‘big three’ lose ground; Jazeera reaches four-month high

Europe’s big three LCCs – easyJet, Air Berlin and Ryanair – posted the sharpest losses on Friday as wider European markets were rattled by the latest US employment news, reviving concerns that not all is well in the world’s biggest economy. The "big freeze" is also weighing on performance in...

US Airways RASM up 6% for Nov-2010; ACE Aviation to sell more Air Canada shares; Delta gains


Bombardier shares down 2.6% as company reports difficult quarter – Suppliers Share Wrap

Bombardier reported a net income of CAD143 million from revenue of CAD4 billion for the three months to 31-Oct-2010. The results are well down compared with the same period in 2009, when the company reported net revenue of CAD4.6 billion and net income of CAD168 million.

Hainan Meilan shares down 3.2%; Malaysia Airports Capital to sell MYR1bn of Islamic notes

China’s Hainan Meilan International Airport (-3.2%) reports (03-Dec-2010) the following traffic highlights for the week from 26-Nov-2010 to 02-Dec-2010:

Cathay CEO to become IATA Director General; Hainan to increase stakes in two companies

Cathay Pacific announced that CEO Tony Tyler will leave the airline on 31-Mar-2011 after Mr Tyler was selected to fill the post of IATA Director General and CEO following the retirement of Giovanni Bisignani. Mr Tyler will be succeeded by COO John Slosar. Cathay Pacific shares declined 0.4% on Friday...