Data on the U.S. fractional share industry show that last year was extremely challenging for the big four fractional operators–NetJets, Flexjet, Flight Options and CitationAir–and for smaller but healthier Avantair.
Singapore Airlines (SIA) returned to profitability in the third quarter of the current financial year–hopefully turning its back on two straight quarters of losses. The flagcarrier’s operating profit of the quarter ending on Dec. 31, 2009, was S$323 million, marking a major turnaround after the S$159 million loss suffered in the second quarter.
The 2010 Singapore Airshow opens this morning against a backdrop of dire warnings about the state of the airline industry. The air transport sector needs to change fundamentally from top to bottom if it is to pull out of the plunge it took in the wake of the recent financial crisis, according to speakers at yesterday’s Singapore Airshow Aviation Leadership Summit.
Maintenance, repair and overhaul (MRO) service providers are here at the Singapore Airshow chasing more market share in a still-promising Asia-Pacific region.
Japan Airlines (JAL) filed for bankruptcy on January 19, hammering home a sobering lesson for air carriers worldwide that the industry’s latest crisis is far from over–despite tentative recovery in traffic volumes.
Nearly 100 general aviation aircraft on humanitarian missions have flown from the U.S. to Haitian capital Port-au-Prince in the first five days since the city’s Toussaint L’Ouverture International Airport reopened to humanitarian flights two days after last Tuesday’s magnitude-7.0 earthquake, according to flight-tracking provider FlightAware. The Haiti Flight Operations Coordination Center, established by the U.S.
Not long after Capt. Chesley “Sully” Sullenberger helped restore the good name of the piloting profession with his extraordinary water landing in the Hudson River, a pair of Northwest Airlines pilots did their part to remind the general public of its shortcomings with perhaps an equally extraordinary act of distraction while flying 144 passengers between San Diego and Minneapolis.
By November 2008, it was obvious that despite the best efforts of the drivers and most ardent wishes of the passengers, the economic bus was headed over the cliff.
US Airways will defer delivery of 54 Airbus aircraft as part of a new “liquidity improvement program,” the airline announced today.
Under the new plan, US Airways plans to take the 54 Airbus airplanes, previously scheduled for delivery between 2010 and 2012, “in 2013 and beyond.” In addition, said the airline, it will delay launch of Airbus A350XWB operations from 2015 until 2017.
how do you top an event that broke airshow records in 2007 when it generated $155 billion worth of business in just five days– roughly equivalent to the gross domestic product of Hungary or Kuwait for an entire year?