A newly-announced wing development and test centre will expand Airbus’ “footprint” in the UK, while providing functional space for the company and its partners to develop new ideas for a broad range of applications. This facility – which is to open its doors in 2017, located on Airbus’ existing Filton site – will be an advanced development and testing centre...
Canadian plane and train maker Bombardier Inc, whose stock has hit its lowest level in 25 years, will soon announce plans for a reverse stock split, two sources familiar with the matter said, in order to remain a part of Canada's benchmark stock index. The sources, who are not authorized to publicly discuss the plans, said Bombardier's board of directors had already approved the plan be...
Richard Anderson will retire as CEO of Delta Arlines effective May 2, as part of a succession plan that has been several years in the making, the company said Wednesday. "Under Richard's leadership, Delta has become the most profitable and best run airline that consistently delivers excellent customer service," said Dan Carp, chairman of the board. "The entire Board of D...
Virgin Australia says improving yield and revenue growth in the key domestic market has led to a strong rise in second quarter profit. The company said on Thursday statutory net profit for the three months to December 31 2015 came in at $60.8 million, a significant increase from $11.3 million in the prior corresponding period. The result was Virgin’s second consecutive quarterly profit...
French-based landing gear MRO specialist Revima has made the journey to Dubai to launch its dedicated “On Wing Services” team to the Middle East. Speaking at the MRO Middle East show which opened in Dubai this morning, Revima’s vie president for landing gear centres of excellence, Cyrille Pillet said: “As a world class service provider, it is paramount that we continuously...
Deutsche Lufthansa AG has shaken up its management as part of a push to save 500 million euros ($543 million) by consolidating operations under two airline divisions. Sadiq Gillani, former head of strategy across the group, will move to the Eurowings discount arm with responsibility for developing its network and fleet. He’ll be succeeded in his old role by William Willms, who previo...
EasyJet Plc, Europe’s second-biggest discount carrier, said weaknesses at network rivals Air France- KLM Group and Deutsche Lufthansa AG will allow it to carry on grabbing customers in key countries after suffering a series of setbacks while seeking to attack new markets. Chief Executive Carolyn McCall says she’s unperturbed at having to rein in operations to Moscow as a result of t...
Russia’s Industry and Trade Ministry is in negotiations with Egypt’s EgyptAir airline on the supply of 40 SSJ-100 (Sukhoi Superjet-100) planes, Russian Industry and Trade Minister Denis Manturov said on the Rossiya 24 TV channel on Wednesday. "We are currently negotiating (with EgyptAir) the possibility of supplying up to 40 SSJ-100 aircraft. This is a big ambitious project, wh...
US membership-based operator Rise is evaluating the European market, with a view to launching a modified version of its scheduled business aircraft service on the continent. Speaking on the sidelines of the Corporate Jet Investor conference in London on 1 February, Rise co-founder and chief operating officer Dan Caine said Europe could be the next step in its strategy to expand the programme gl...
Serbia’s flag carrier introduces customer-centric software solutions from Sabre. Air Serbia, the national airline of the Republic of Serbia, is introducing a new technology platform to support its growth strategy and enhance the Air Serbia travel experience. To support this vision, Air Serbia has selected global technology provider Sabre Corporation (NASDAQ: SABR) to provide a full sui...
The first A350-900 for Singapore Airlines yesterday completed its maiden flight over the skies of South West France. The aircraft, featuring the airline’s iconic livery, will now enter the final phase of production, including further ground checks and test flights, before being prepared for delivery in the coming weeks. The all-new A350 XWB will form the backbone of Singapore Airlines&rsq...
Russian company UpperTwo opened an office in Tallinn. As commented in UpperTwo, Tallinn, as well as Riga, is moving forward, offering more interesting opportunities to solve financial problems of airlines and aircraft owners. The geographical location of Estonian capital is an important factor too. Flight times takes a little over an hour, which is very convenient fo...
