Reading Time: < 1 minute Foreign investment in Iran is likely to have been weakened in light of President Trumps decision to ban the issuing of visas for nationals of seven mainly Muslim countries which may also slow down the implementation of existing plane deals agreed with both Boeing and Airbus, and Iran. Airbus’ problems exists because of the volume […]
Reading Time: 2 minutes United Parcel Service (UPS) reported a 2016 net profit of $3.4 billion, down 29.2% from net income of $4.8 billion in 2015, on a 4.4% year-over-year rise in revenue to $60.9 billion. UPS noted that it recorded a non-cash after-tax mark-to-market pension charge of $1.7 billion in the 2016 fourth quarter, which significantly affected its […]
Reading Time: < 1 minute Having cancelled 170 flights on Sunday, Delta Airlines Inc. had to cancel approximately 110 further flights this Monday, with additional cancellations possible, following a computer breakdown which left passengers stranded across the U.S. Today (Monday), FlightAware indicated that 180 Delta flights had been delayed as of 10.36 a.m. local time. In a statement, Ed Bastian, […]
Reading Time: < 1 minute The International Air Transport Association (IATA) works with its 265 member airlines for safe, secure, efficient and sustainable global air transport links. As a matter of principle we work for the free movement of trade and people across borders. IATA also recognizes that states have the right and duty to protect their citizens by enforcing […]
Reading Time: < 1 minute Delta Air Lines, one of the largest US carriers, temporarily grounded its domestic flights in the United States on Sunday over a computer glitch that did not impact planes already in the air. “Delta teams are expeditiously working to fix a systems outage that has resulted in departure delays for flights on the ground,” the […]
Reading Time: 2 minutes Marignane, Airbus Helicopters delivered 418 rotorcraft in 2016, a five percent increase compared with 2015, against a challenging market backdrop. The company strengthened its lead on the civil and parapublic helicopter market while maintaining its position on the military market. Airbus Helicopters logged gross orders for 388 helicopters in 2016, a stable performance compared to […]
Reading Time: 3 minutes Emirates airline has changed pilot and flight attendant rosters on flights to the United States following the sudden US travel ban on seven Muslim-majority countries, highlighting the challenges facing airlines trying to deal with the new rules. The world’s largest long-haul carrier, which flies daily to 11 US cities, has made “the necessary adjustments to […]
Reading Time: < 1 minute A “handful of people” have been stopped from flying to the United States from Dubai International Airport following a US travel ban on seven Muslim-majority countries, the airport operator’s chief executive told Reuters on Monday. “The effect has been very minimal at the moment. We don’t have the exact figures but literally a handful of […]
Reading Time: < 1 minute U.S.-based Cathay Pacific Airlines flight attendants joined the Association of Flight Attendants-CWA (AFA). In a union representation election that concluded January 26., the National Mediation Board (NMB) announced that 97% of the voters elected AFA as their collective bargaining representative. Cathay Pacific is the flag carrier of Hong Kong. Cathay Pacific operates multiple cabin crew […]
Reading Time: < 1 minute JetBlue reported operating income of US$296m in the fourth quarter and US$1.3bn for the full year, a decline of 10.4% from the fourth quarter of 2015 and a full year increase of 7.9% over 2015. The airline reported pre-tax income of US$274m in the fourth quarter and US$1.2bn for 2016, a decrease of 9.6% from […]