Page 2 - Global Airline Industry

After months' search Boeing names Kelly Ortberg as President, CEO

Ortberg will face pressure to help revive production of the company's strong-selling 737 jets from about 25 in June and July to 38 by year's end

Amid US scrutiny Alaska extends period for Hawaiian Airlines acquisition

Shortages of new planes, jet engines and pilots have spurred US airlines to pursue growth through acquisitions, putting them in the crosshairs of anti-trust regulators

Boeing case puts focus on plea agreements involving corporate defendants

After two jetliner crashes killed 346 people, a USD 2.5 billion settlement that let Boeing avoid criminal prosecution failed to resolve questions about the safety of the aerospace giant's planes. Federal prosecutors now accuse the company of failing to live up to terms of the 2021 settlement. Boeing has agreed to plead guilty to a felony fraud charge in a new deal with the Justice Department. The department hopes to file the detailed plea agreement Friday, but says it may need a few more days. Experts on corporate behaviour say whether the new agreement has a more lasting impact on safety than the earlier settlement could come down to how much power is placed in the hands of an independent monitor who is assigned to oversee Boeing for three years. Prosecutors made the appointment of such a monitor a condition of the plea deal, which also calls for Boeing to pay a new USD 243.6 million fine. Your real concern is protecting against the loss of future lives in future crashes, and that

Boeing's Washington factory workers pass strike sanction vote, says union

Boeing's labor talks come as the US planemaker loses ground to rival Airbus and navigates a crisis that erupted after a door plug blew off an Alaska Airlines 737 MAX jet

Panasonic Avionics opens new software design & development facility in Pune

In-flight Engagement and Connectivity (IFEC) solutions provider Panasonic Avionics on Wednesday opened a new software design and development facility in Pune. The new facility, inaugurated by the Minister of State for Civil Aviation, Murlidhar Mohol, is the first in the country by Panasonic Avionics Corporation dedicated to supporting the development and delivery of IFEC solutions. The facility employs over 200 skilled engineers in the beginning with growth plans in place to scale it up further to support the increasing demand from airlines for these solutions, the company said. Panasonic Avionics said the new facility will accelerate its software development capabilities and help improve the time-to-market for robust, next-generation IFEC and digital solutions. "With its huge number of skilled engineers, and fast-growing aviation sector, India is a natural location for us to invest in for the future of our business, and we look forward to accelerating our software innovation and .

Post-pandemic travel boom to sustain high airfares, says new AirAsia boss

The global aviation industry has been transformed as the post-pandemic reopening unleashed a wave of pent-up travel demand that's sent ticket prices surging faster than inflation

Passenger plane lands safely in New Zealand after fire shuts down engine

A passenger plane landed safely at a New Zealand airport on Monday after a fire shut down one of its engines, the nation's fire service said. The Virgin Australia Boeing 737-800 jet bound for Melbourne, Australia, landed in the New Zealand city of Invercargill after the fire forced a diversion. Fire trucks met the plane as it arrived in Invercargill about 50 minutes after takeoff from Queenstown, said Lynn Crosson, shift supervisor for Fire and Emergency New Zealand. The cause of the engine fire and the number of passengers on board the plane were not immediately known, Queenstown Airport spokesperson Catherine Nind said. Virgin Australia said in an emailed statement that the incident may have been caused by a possible bird strike. Queenstown, with a population of 53,000, is popular tourist destination on New Zealand's South Island, famous for skiing, adventure tourism and alpine vistas.

Global airlines bet big on India, expect it to be hottest travel market

The domestic air travel market in India is expected to double to 300 million passengers from a record 152 million in 2023, according to government data

Global airlines raise profit outlook for 2024, projects $1 trn in revenue

The International Air Transport Association (IATA) said it expected the worldwide industry to generate $30.5 billion of profit this year

Global airlines on track for $30 billion profit in 2024, predicts IATA

The outlook compares with the $27.4 billion in profit achieved last year, IATA said at its annual general meeting in Dubai

Boeing, Spirit agree on $425 mn deal to address supplier's issues

Spirit will also provide to Boeing specified financial information on a weekly basis

UK airports get more time to put in new scanners allowing liquids, laptops

Drink it or bin it: That phrase should have become history this summer at all UK airports. But it's set to persist for at least another year after the British government said it will grant extensions to several large UK airports unable to meet the June 1 deadline to fully install new scanning technology. The airports include London's two biggest, Heathrow and Gatwick. The new scanners use computed tomography, commonly known as a CT scan, to produce clearer images. They are being rolled out globally, including in the US and across Europe, and will allow passengers to go through security with 2 litres (70 ounces) of liquid in their hand luggage rather than the current paltry 100 millilitres (3.5 ounces). They will also mean laptops and tablets won't need to be removed from bags saving even more time. The restrictions were introduced around the world in 2006 following a foiled terror plot to blow up planes flying from London to the US with homemade liquid bombs. They were not expect

Uncomfortable reality of global air travel as airlines race to decarbonize

The five airlines in the world that emit the fewest pollutants per passenger are all low-cost carriers, according to data from carbon-reduction advisory firm Envest Global

Indigo second in the world's top 20 airlines in growth of passenger seats

According to OAG, an aviation analytics company, IndiGo's seats per day rose by 29.7 per cent from 47,738 seats in December 2019 to 61,913 last month

Global air tickets face potential price hikes as Chinese return to skies

China's return is thought to be the final missing piece in the global air travel recovery

Alaska Air Group posts bigger-than-expected loss as costs mount

Shares of Alaska Air fell 1.49% in premarket trading on Thursday after the company forecast second-quarter CASM, excluding fuel, to rise between 1% and 3%

Global airline industry set to post $6.9 billion loss in 2022: IATA

The global airline industry is projected to report a lower loss at USD 6.9 billion in 2022, mainly due to stronger passenger yields and cost control by carriers amid rising fuel prices, according to industry body IATA. In June, the International Air Transport Association (IATA) projected the industry loss at USD 9.7 billion. In October 2021, it forecast a loss of USD 11.6 billion for this year. On Tuesday, IATA said the global airline industry is expected to return to profitability in 2023 and post a small net profit of USD 4.7 billion. After being significantly impacted by the coronavirus pandemic, the airline industry is on the recovery path. In 2022, airline net loss is expected to be USD 6.9 billion. This is significantly better than loss of USD 42 billion and USD 137.7 billion in 2021 and 2020, respectively, it said. "We are on the right path... but still a long way to go," IATA Director General Willie Walsh said at a briefing here on Tuesday. For 2022, IATA said the improve

At 12.4 per cent, India has twice the number of female pilots as the US

Statistics raise questions about how a nation, placed 135th among 146 countries on the World Economic Forum's ranking of nations based on gender parity, was able to reverse the trend in the industry

Airlines' losses globally likely to be down to $ 9.7 bn this year: IATA DG

Director General of IATA Willie Walsh said that while the outlook for airlines globally is positive, the business environment remains challenging.

Global air travel rebounds as Indians resume visiting Southeast Asia

China, which is still clinging onto its zero COVID strategy and experiencing significant lockdowns in its major cities, is expected to see deterioration in its domestic air travel market in March