LATAM Airlines, the largest air transport group in Latin America, would be looking to create a new low-cost airline, amid the boom in flights in that segment. LATAM has been pressured by the entry into the market of «low…
Flight 2014, Inc, a nonprofit collaboration of several organizations, is seeking to erect a monument to the first airline"”the St. Petersburg-Tampa Airboat Line"”at its original hangar site. Approval from the city of St. Petersburg, Florida has been obtained, and…
British Airways and Iberia parent IAG is considering a possible takeover of Scandinavian budget carrier Norwegian, after taking a preliminary minority share in the airline. IAG has disclosed that it has acquired a 4.61% shareholding in Norwegian. Norwegian’s share…
The International Air Transport Association (IATA) announced that Transparency in Payments (TIP) has been implemented in the Finland, Norway and Sweden markets. TIP, which is being introduced in conjunction with NewGen ISS, is an industry initiative focused on providing…
Delta Air Lines plans to introduce its first Bombardier CS100 in early 2019, with deliveries set to begin later this year. The Atlanta-based carrier anticipates taking delivery of a «handful» of aircraft in the fourth quarter with entry-into-service early…
Embraer (ERJ -1.1%) pulls back following a Reuters report that its proposed tie-up with Boeing (BA +2.2%) that was submitted on Tuesday to Brazilian authorities has brought a deal closer but some issues still need to be ironed out….
We are pleased to send you herewith the March report of the Airlines Financial Monitor. Key points: * The final data for Q4 2017 confirms the stabilisation in airline financials in 2H17. The industry-wide EBIT profit margin was a…
Crude oil and jet fuel prices are currently almost 30% higher than their level of a year ago; the International Air Transport Association (IATA) has said, but noted it does not expect significant change in oil prices over the…
Boeing CEO Dennis Muilenburg says it"™s possible that humans will set foot on Mars in the next decade, and he"™s convinced the first people will get there on a Boeing-built rocket. Muilenburg"™s comments, made today during a Q&A at…
IATA is increasing its Montreal headquarters operations with the expansion of its Financial and Distribution Services (FDS) division. The move is expected to take staff numbers in Montreal to more than 400, with the addition of 27 full-time job"”some…
