Etihad Airways is betting on the Airbus A380 cabin to launch “reimagined” premium classes, according to airline CEO James Hogan. Speaking recently at the unveiling of the carrier’s new livery, Hogan also singled out India and Abu Dhabi as major growth destinations.
Despite an estimated $535 million overage in aviation insurance claims this year stemming from a recent spate of foreign airline losses–including two fatal crashes involving Malaysia Airlines Boeing 777s and a rebel attack at Libya’s Tripoli International Airport that damaged 20 airplanes–Corporate Aviation Insurance Group president Matt Drummelsmith doesn’t expect any effect on insurance premiums for U.S.-based aircraft operators.
The Australian-led Joint Agency Coordination Center at the heart of the search for Malaysia Airlines Flight MH370 said last week that 58 objects “inconsistent with the Indian Ocean seabed” had been located in an area not previously explored. The Malaysian government is bringing an underwater vehicle to the area at the end of September to aid in identifying the objects. MH370, a Boeing 777, disappeared March 8 with 239 people aboard.
Malaysian Airlines (MAS) is to lay off just over 30 percent of its workforce in a restructuring that will see it brought under the full ownership of state-backed sovereign wealth fund Kazanah Nasional Berhad.
Announcing a record statutory after-tax loss of A$2.8 billion ($2.6 billion) on August 28, Qantas chief executive Alan Joyce said that the Australian flag carrier has “come through the worst” as it navigates an aggressive cost-cutting program announced in February 2014.
In a move to ensure the viability of Malaysia Airlines, the country’s sovereign wealth fund, Khazanah Nasional Berhad, has stepped in with $430 million rescue plan to delist the national carrier and take it private.
The governments of Australia, Malaysia and China jointly announced that Australia has awarded a contract to a private company to continue the search of the southern Indian Ocean sea floor for missing Malaysia Airlines flight MH370. The company plans to use two ships towing deep-water vehicles to conduct the search, which is expected to take up to 12 months.
The International Civil Aviation Organization has agreed to establish a task force early next week to identify “gaps” in the system used by the airline industry to assess risk of flying over conflict zones.
The apparent lack of a cohesive international system for assessing threats in airspace over conflict zones has revealed itself again in differing conclusions reached by major Persian Gulf airlines about the dangers of flying over Iraq.
The European Cockpit Association (ECA) has called for “intense scrutiny” of the air transport industry’s assessment of risks and the principles of flying over conflict zones in the wake of the July 17 loss of Malaysia Airlines Flight MH17.
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