Air Transport MRO Market is Growing at Significant Rate, 2020
Maintenance, repair and operation (MRO) plays a significant role in the enlargement of the air transport fleet. The Air Transport MRO evolved out of drift by airline companies to outsource the task of maintenance, repair and overhaul of engines, line, airframes and components to independent/third-party or airline operated/owned MRO set ups. A decade earlier, most […]
ICAO notes record passenger volume in 2017
A new record 4.1 billion passengers were carried by the aviation industry on scheduled services in 2017, according to the preliminary figures released on Jan. 17, 2018, by the International Civil Aviation Organization (ICAO). This indicates a 7.1 per cent increase over 2016. The number of departures rose to approximately 37 million globally, and world […]
Lufthansa Prepares for Low-Cost Competition After a Banner 2017
Travelers flying between Germany"™s political and financial capitals this fall have been in for an occasional surprise: boarding a humpbacked 747 jumbo jet for the one-hour hop from Berlin to Frankfurt. While the massive planes are typically reserved for long-haul flights to, say, Tokyo, Denver, or Rio de Janeiro, Deutsche Lufthansa AG trotted out its […]
Routes reveals busiest air trip in South America
A new study published by Routes shows that the one-hour flight between São Paulo and Rio de Janeiro is the busiest air route in South America. More than four million people travelled the 378 kilometre distance between São Paulo Congonhas and Rio de Janeiro"™s Santos Dumont Airport between November 1st, 2016 and October 31st, 2017, […]
Brussels confirms UK flights to the EU WILL be grounded in 2019 if Brexit deal isn"™t agreed
BRITISH airlines will lose all flying rights to the European Union if there is no transition agreement after Brexit, Brussels has warned. In a notice to all airlines, the European Commission said UK air carriers would no longer enjoy traffic rights under any air transport agreement to which the EU is a party. This means […]
ALTA traffic report october 2017
The Latin American and Caribbean Air Transport Association (ALTA) announced today that Latin America and Caribbean airlines carried 20.9 million passengers in October, up 3.9% – or 790,546 more passengers – from the previous year. Traffic (RPK) grew 8% and capacity (ASK) increased 4.3%, bringing up the load factor to 85.8%, 3 percentage points higher […]
Global airline industry’s 2018 net profit expected to rise: IATA
The global airline industry’s net profit is expected to rise substantially in 2018 due to strong demand, efficiency and reduced interest payments, a global airline association said on Tuesday. According to a forecast by IATA, global industry’s net profit is likely to touch $38.4 billion in 2018 from the $34.5 billion expected net profit in […]
More than 7% increase in Air Travel Compared to Last Year 2017 Edition of IATA World Air Transport Statistics Released
The International Air Transport Association (IATA) announced industry performance statistics for 2016 showing that system-wide, airlines carried 3.8 billion passengers on scheduled services last year, an increase of 7% over 2015, representing an additional 242 million air trips. This information is included in the 2017 edition of the IATA World Air Transport Statistics (WATS), the […]
Air Transport Supports Job Creation in Peru, $4.4B in GDP
The International Air Transport Association (IATA) announced new data showing that aviation and aviation-induced tourism support 280,000 jobs and contribute $4.4 billion to Peru’s economy, equivalent to 2.1% of the country’s GDP. The findings are among the highlights of «The Importance of Air Transport in Peru’» study conducted by Oxford Economics on behalf of IATA. […]
ALTA traffic report July 2017
vThe Latin American and Caribbean Air Transport Association (ALTA) announced today that Latin America and Caribbean airlines carried 23.2 million passengers in July, up 6.1% – or 1,330,000 more passengers – from the previous year. Traffic (RPK) grew 11.6% and capacity (ASK) increased 10.9%, bringing up the load factor to 85.4%, 0.6 percentage points higher […]
