Air Serbia, the national airline of the Republic of Serbia, has announced that it will launch its historic new service between New York and Belgrade on June 23, 2016. The announcement was made by Aleksandar Vučić, Prime Minister of Serbia, during this morning’s opening of the 38th International Tourism Fair in Belgrade, the largest annual tourism event in the Balkans. The Prime Ministe...
Virgin America reported a 2015 net income of $340.5 million, a more than fivefold increase over a $60.1 million net profit for 2014. Virgin president and CEO David Cush said, “We achieved the highest net income in company history, generated significant operating cash flow, continued to outperform the industry in domestic unit revenue growth, and began growing the airline again.”...
The chief executive of flydubai expects another difficult year for the low-cost carrier as tough economic conditions put pressure on yields. The airline this month reported a 60 per cent drop in 2015 net profit to Dh100.7 million, blaming a stronger US dollar and tough market conditions. These factors pressured its overall Revenue Passenger Kilometre yield - a key industry measure of the ave...
Hawker Pacific, the aircraft sales and product support company in the Middle East and Asia Pacific, has signed a partnership agreement for the Asia Pacific region with Thomas Global Systems (Thomas Global) for the distribution of Thomas Global's pioneering plug-and-play LCD cockpit displays. The agreement, Thomas Global’s first dealership arrangement world-wide, will grant Hawker Paci...
Boeing Co.’s stock price hit a new 52-week low last week following a report that the program accounting method Boeing has been using to account for the 787 Dreamliner was being scrutinized by the U.S. Securities and Exchange Commission (SEC). Other recent issues include a cut to the production rate of the company’s current version of the 777 dual-engine, twin-aisle plane, and the...
Airbus and Boeing announced modest aircraft orders at the Singapore Airshow on Wednesday that indicated a lull in demand for the big manufacturers after the 2014 show hauled in more than $30 billion of deals. Airbus announced an order for six A350-900s, valued at $1.8 billion at list prices from Philippine Airlines. Boeing announced a deal for 12 of its 737 jets with a privately-owned Chinese c...
Vision Systems is a world leader in solar protection solutions for the aeronautic market, developing Electronically Dimmable Windows based on SPD technology (Suspended Particle Device). These solar protection systems are now mature products already installed or being installed in aircrafts and helicopters, such as RUAG's refurbished Falcon 900. The demand for retrofit projects is growing r...
Bombardier Business Aircraft announced today that fast-growing private jet operator Zetta Jet has exercised options for a total of two Global 6000 ultra-long range business aircraft. These two options were part of an announcement for one firm order plus four options originally announced on December 15, 2015, for the same aircraft model. Additionally, Zetta Jet has procured options for tw...
Boeing engineers' union ratified six-year contracts by a wide margin, in a vote that ensures stability during a period when the plane maker is bringing out new versions of the 737 and 777. More than 70 percent of voters backed the agreements for two bargaining units of the Society of Professional Engineering Employees in Aerospace (SPEEA) that cover 20,100 workers, the union said. The deals...
Russia has unveiled the export version of the Sukhoi Su-30SME (NATO reporting name: Flanker-C) multipurpose fighter jet at the Singapore Airshow 2016, a source in the defense and industrial sector said. "The Su-30SME aircraft [the export version of the Su-30SM fighter jet] has been shown on the international market for the first time," the source said. "Its development aims to...
Qatar Airways has announced a new code-share agreement with Comair, a franchise of British Airways, that will add three new African destinations to the Qatar Airways route map, and provide additional flight options to travellers in Cape Town and Durban. Comair, which this year celebrates its 70th year of operations, is based in South Africa and is an affiliate member of the oneworld alliance th...
The 2016 Singapore Airshow saw more than 500 corporations from around the world display their latest equipment and technologies with Boeing, presenting its 787-9 Dreamliner, while Airbus released its new long-range airliner A350-900. Both companies are eyeing the Asia-Pacific market, which they deem to be the most promising over the next 20 years. It has a potential demand of 12,000 airc...
