Private Jets Charter News

United pilots win pyrrhic victory in regional jet dispute

Continental pilots have won – and lost – an argument over the use of 70-seat regional jets at Continental hubs.

Turkey prepares for big year ahead

With the announcement of new airport projects and continued economic and traffic growth, Turkey is once again demonstrating it is "Europe’s China": and not without foundation.

easyJet expands fleet with 15 A320s; Sir Stelios warns of need for profitable growth

easyJet has exercised options to place firm orders for 15 A320 aircraft from Airbus to be delivered between 2012 and 2014. The carrier has also upgraded contracted deliveries for 20 A319 aircraft to the larger A320 and secured new options for a further 33 A320s up to Mar-2013.

Cathay Pacific to further capitalise on proximity to China

Cathay Pacific incoming CEO John Slosar stated the carrier is "reasonably confident" about the outlook for 2011 as economic growth in China boosts travel and cargo demand. The carrier has also signalled its intention to further capitalise on its location close to mainland China in 2011.

GOL expects double-digit operating margin, domestic growth in 2011; yield and CASK to remain stable

GOL, Brazil’s largest airline by market value and the nation’s largest LCC, stated it expects to report another year of double-digit operating margins in 2011, of between 11.5% and 14.5%, following an anticipated operating margin of 10 to 13% in 2010. Yields and CASK are expected to remain stable...

Airbus announces new air traffic management subsidiary

With ATM development and implementation in Europe, the US and elsewhere on the cusp of the satellite-based revolution, Airbus has announced the launch of a new subsidiary to capitalise on the market. Although the company already has an active role in the development of ATM systems, the new unit, called...

New Singapore Airlines CEO considers selling Virgin Atlantic stake

Singapore Airlines' new CEO Goh Choon Phong, who took over the role on 01-Jan-2011, stated the carrier is reportedly considering selling its 49% stake in Virgin Atlantic. This would mark the shedding of the last major remains of the carrier's global expansion strategy as the new CEO confronts rising...

Airline shares up 28% in 2010 as financial prospects improve

IATA, in its November-December Airlines Financial Monitor, stated the world’s airlines have reported positive and better than anticipated 3Q financial results, even in Europe, with a positive upswing of more than USD11 billion at the operating level and USD9 billion at the net level. Meanwhile, global...

Cash-strapped Air India given USD267m equity infusion

On 30-Dec-2010 India's Cabinet Committee on Economic Affairs approved an infusion of INR12 billion (USD266.9 million) as equity for state-owned national carrier Air India. The Government also stated it had earlier released INR800 crore (USD177.9 million) in Feb-2010 as equity induction in the National...

Ryanair handles record 72 million passengers in 2010

Ryanair handled a record 72 million passengers in 2010, representing growth of 10% from 65.3 million passengers in 2009. This result will no doubt enable Ryanair to retain its status as the largest international carrier by passenger numbers in 2010. In 2009, Ryanair was the largest international carrier...

Saudi consumer protection agency urges government to open domestic market to competition

Saudi Arabia’s new consumer protection body has urged the Saudi Government to open its skies to other airlines in the Gulf region. The Association for Consumer Protection announced in early Jan-2011 that it has approached the government to embrace liberalisation of the domestic market for air travel...

easyJet's shares surge as traffic growth remains strong in December

easyJet's shares surged 4.2% on Friday, as the company reported a 7.6% increase in passenger numbers to 3.7 million in Dec-2010. Load factors rose 0.4 ppts to 85.4%.

GKN Aerospace posts early gains, Boeing positive on 2011 outlook

Shares in UK aerospace and automotive manufacturer GKN Aerospace gained 4.4% on Friday, with the company entering 2011 looking to continue the positive momentum it generated over 2010.

SAS upgraded by Citigroup; Finnair reports Dec-2010 traffic

SAS was raised to “buy” from “hold” by Citigroup Inc. The airline's shares gained 4.3% on Friday having come under selling pressure earlier in the week.

Air Mauritius' shares keep rising

Air Mauritius Ltd's shares are trading at multi-year highs after analysts predicted the airline would return to profit this year after a strong peak season.

New record for global airport traffic expected in 2010: ACI World

ACI World stated that Nov-2010 traffic data indicates that 2010 will set a new record for global airport industry traffic with total passenger growth of near 7%. ACI also noted that freight growth has been “exceptional” in 2010 despite a marked slowdown in 2H2010. Growth of close to 18% is expected...

Do & Co jumps 5%, Indian airport operators down

Do & Co Restaurants and Catering shares jumped 5.2% on Friday, as the company was rated at "hold" by Wood & Co. Singapore-based ground-handling and in-flight catering service provider SATS eased 0.3%.

Expedia shares gain as dispute with American Airlines continues, Zodiac shares down

Expedia shares gained 2.1% on Friday, as the company garners more support from other airfare resellers in its battle with American Airlines.

Hellenic Duty Free Shops surges, Dufry and gategroup decline

Hellenic Duty Free Shops' shares surged 9.1% on Friday as 60.6 million shares in the group formed by the airport and port retailer’s merger with Folli-Follie and Elmec Sports commenced trading, according to Bloomberg.

Southwest unveils all-new Rapid Rewards programme

With a promise of netting several hundred million dollars in incremental revenues on a USD100 million investment, Southwest rolled out the long-awaited upgrade to its 24-year-old Rapid Rewards frequent flyer programme. Rapid Rewards 2.0 is set to launch on 1-Mar-2011.

Garuda to finally launch IPO

Garuda Indonesia commenced pre-marketing its IPO marking the start of the long-awaited offering. Back in Nov-2010, when the carrier originally planned to launch the offering, it had planned to raise up to USD400 million. The carrier has since revised these plans and is now aiming to raise up to USD500...

American Airlines, Alaska Airlines show strong gains

American Airlines disagreement with GDSs continues, with Amadeus IT Holding announcing that it is "actively reviewing" content agreements with US carriers, according to a report in Dow Jones Newswires.

Virgin Blue and Skywest sign strategic alliance; Kingfisher drops

Virgin Blue and Skywest have signed a 10-year strategic alliance to service regional Australia, continuing the flow of deal-making for Australia's number two carrier under CEO, John Borghetti. Skywest will operate up to 18 new Virgin Blue-branded turboprop aircraft to a number of existing and new destinations...

Fly540 targets continued growth in under-served African market

Lonrho Group, which owns a 49% stake in Fly540, stated the African LCC is seeking to continue to expand in the underserved African market with the launch of the Angolan and Ghana units of the carrier and continued organic and aggressive growth in its home market, Kenya. Lonrho added that the Fly540...

US ATA chronicles rising costs which outpace inflation rate

Releasing its quarterly Airline Cost Index, the US Air Transport Association said the third quarter results continued a trend seen in previous quarters and puts increased pressure on airlines to find new ways to cut costs.

Boeing due to resume B787 test flights

Boeing could resume flight testing of the B787 by the end of the week, according to a report in the Seattle Post Intelligencer. The manufacturer grounded the B787 test fleet in Nov-2010, following a fire on one of the six test aircraft.

US airline stocks trade lower; Delta backs Saudi Arabian Airlines for Skyteam

US airline stocks were generally lower in US markets thanks to lower Dec-2010 traffic forecasts from several carriers last week, as a result of the poor holiday weather. Delta (-3.2%), Atlas Air (-1.8%), JetBlue Airways (1.4%) and American Airlines (-0.8%) all saw their stocks decline.

Comair, Middle East carriers' share trade down

Shares in South Africa's Comair, operator of LCC kulula and services in South Africa for British Airways, dropped 6.3% on Monday. The carrier may face a new competitor this year, Velvet Sky, which is waiting for regulatory approval to launch services between Cape Town, Durban and Johannesburg.

Tiger Airways reports 32% increase in 2010 passenger traffic

Tiger Airways reported Dec-2010 traffic of 505,000 passengers, up 22% year-on-year. Passenger load factor was 91%, up 1.0ppt from Dec-2009. For the 12 months ended Dec-2010:, Tiger Airway’s passenger numbers were 5.8 million, up almost a third. Passenger load factor was 86%, 2.0ppts higher than last...

Shares in Menzies Aviation fall, Amadeus up

Amadeus shares gained 1.7% on Monday. The company come out last week and announced it was reviewing its contracts with US carriers. The GDS operator has cautioned that it would take action if it finds that any airlines have breached their content agreements. Expedia shares were down 0.4%.