Russian airline UTair has fully restructured its 160 billion ruble debt, a representative for the restructuring consultant Raiffaisenbank told PRIME Tuesday. “Yes, we confirm that the deal is over,” the representative said. In November, the airline signed a deal with a syndicate of 11 banks to restructure a 43 billion ruble debt.
From waiting in the wings to finally taking wing, 2015 was a year that changed the skies of the Indian aviation sector. To begin with, the sector, which lacked a clear policy framework, received a shot in the arm when the Civil Aviation Ministry unveiled its much-awaited draft civil aviation policy on the 30th of October. The policy touched upon 16 critical areas to make travel affordable for t...
Heriot-Watt University is to lead a £2 million ($2.98 million) project to develop low carbon aviation fuels from captured CO2 and waste biomass. The multi-disciplinary project, funded by the Engineering and Physical Sciences Research Council will be led by Heriot-Watt engineers and scientists in conjunction with teams from Aston and Oxford Universities and the University of Edinburgh....
Bombardier Commercial Aircraft and Addis Ababa-based Ethiopian Airlines Enterprise announced that they have signed a firm purchase agreement for two additional Q400 turboprop airliners that will bring Ethiopian Airlines’ Q400 aircraft fleet to a total of 19 aircraft, the largest total fleet in Africa. Based on the list price of the Q400 aircraft, the transaction is valued at approximately...
Ryanair released its 2015 Irish traffic numbers which show it has delivered 70% of all traffic growth at Cork, Dublin, Knock and Shannon airports in 2015, a year of record growth for Irish tourism. Following the decision of Finance Minister, Michael Noonan, to scrap air travel tax in April 2014, Ryanair has continued to roll out new routes and more frequencies on existing routes, including...
Following the strategic plan to increase and modernize the fleet and expanding the flight route network, Mahan air, is going to establish new direct international routes, particularly to the European countries. In this regard, Mahan Air is going to commence direct flights from Tehran to Moscow in January 2016 & Tehran to Kiev in February 2016. In addition, Mahan air is going to pr...
Virgin America and China Southern Airlines announce a codeshare agreement to offer seamless booking and travel between China, Southeast Asia and multiple Virgin America destinations across the United States. Under the new agreement, China Southern will place its two-digit airline code (CZ) and flight numbers on a range of Virgin America routes operating from Los Angeles and San Francisco &nda...
The President of Fiji, His Excellency Major-General (Ret’d) Jioji Konousi Konrote, brought home Fiji Airways’ newest A330 to Fiji. Rapturous applause and excitement greeted the aircraft as it touched down at Nadi International Airport and taxied up to the airline’s Hangar facilities. Fijian Prime Minister Josaia Voreqe Bainimarama and other Government Ministers joined Fiji Airway...
In a continuing effort to strengthen its operations, PEMCO Aviation Maintenance (PEMCO) has named Douglas (Doug) Ragsdale, Director of Quality. He will be based out of the company’s corporate headquarters at Tampa International Airport and report to Ernie Kiss, PEMCO’s Vice President Quality and Engineering. Ragsdale is a proven aviation professional bringing more than 30...
Southwest Airlines Co. announced a new tentative agreement with Transport Workers Union Local 555, the union that represents more than 12,000 Southwest Ground Operations, Provisioning, and Cargo Agents. The Union’s Executive Board reviewed an Agreement in Principle that negotiators reached December 23rd and decided to conduct a ratification vote that could end more than four years of negotia...
It may seem a little pie in the sky, but in the not too distant future, commercial airliners could be flown without co-pilots under an EU-backed project designed to improve safety and cut the cost of flying. Aircraft manufacturers are working on a project that could eventually lead to the introduction of single-pilot operations on commercial jets. A consortium of 35 companies and research gr...
The rapid expansion of seat capacity to and from India by Middle East carriers is impeding United Airlines’ plans to build market share in the country. Instead, United, which already has daily nonstop service from New York to both Delhi and Mumbai, is mainly focusing on expanding operations to China’s secondary cities. Acccording to Brian Znotins, United’s network vice president,...
