Boeing [NYSE: BA] and Ethiopian Airlines have recently announced a significant aircraft order. As part of the agreement, Ethiopian Airlines will purchase 11 787 Dreamliners and 20 737 MAX airplanes, with the potential for an additional 15 and 21 jets, respectively. This landmark deal, signed at the Dubai Airshow, marks…
According to recent data released by the International Air Transport Association (IATA), European travelers are enjoying airfares that beat inflation as the aviation industry recovers from the impact of COVID-19. The latest traffic figures indicate that European airlines are only 3.6% below their peak in 2019. Despite the inflationary environment,…
Air Cargo Demand up 1.9% in September, Continuing Growth Momentum The International Air Transport Association (IATA) released data showing a steady recovery in global air cargo markets in September 2023. Global demand, measured in cargo tonne-kilometers (CTKs*), increased by 1.9% compared to September 2022 (+6% for international operations). Capacity, measured…
Emirates has announced a significant investment in the French and European aviation manufacturing ecosystem. The airline has awarded a series of contracts worth over US$1.2 billion to Safran during the Dubai Airshow. New Seats for Emirates A350, 777X Fleet As part of this agreement, Safran will provide best-in-class seats for…
Boeing (NYSE: BA) and SCAT Airlines have recently announced a significant order for seven 737-8 aircraft during the Dubai Airshow. This purchase will greatly contribute to the expansion of SCAT’s 737 MAX fleet, effectively doubling its existing fleet. This expansion’s primary objective is to facilitate the opening of new air…
Emirates has announced an investment of US$950 million to construct a new state-of-the-art engineering facility at Dubai World Central (DWC). Spanning across an impressive 1 million square meters, this engineering complex will be unrivaled in size and technology. It will be pivotal to Dubai’s aviation infrastructure. Making Emirates Entirely Self-Sufficient…
Swiss International Air Lines (SWISS) and kapers, the union representing cabin personnel, have worked collaboratively to negotiate and finalize this new collective labor agreement. Both parties are confident that this agreement will significantly improve the working conditions and benefits for SWISS cabin crew members. In the latest update to the…
The International Air Transport Association (IATA) has recently announced that the upward trajectory of passenger traffic, observed since the post-pandemic period, has strengthened in September. This positive trend in airline passenger demand signifies a notable recovery in the aviation industry. In September 2023, there was a significant increase in total…
Airbus SE (stock exchange symbol: AIR) has published its Nine-Month (9m) 2023 consolidated financial results through 30 September, reflecting 12% consolidated revenue growth. Continued Progress on Operational Plan “We continue to make progress on our operational plan in a global environment that has become increasingly complex. The nine-month earnings reflect…
Airbus has shared its order and delivery summary for October 2023. Orders in October greatly favored the OEM’s A321neo single-aisle aircraft, contributing 84 out of the total 119 added to the Airbus order backlog. Airbus’s only long-haul, twin-aisle aircraft postings in October were 10 A350-900s ordered by an undisclosed customer.…
