FedEx Express, a subsidiary of FedEx Corp. (FDX), and the largest express transportation company in the world, and SEA, the Milan’s airports management company, announce the start of the construction site for the development of a new base of operations at Malpensa. With more than 35,000 square meters, the new, highly-automated structure will be equipped with the latest technological syste...
There were 4.3% fewer business aviation flights in September 2015, versus the same period in 2014. According to WINGX Advance’s September Business Aviation Monitor, there were significant drops in flight activity in key business aviation markets in western Europe. The steepest drop was in the UK, where an eight percent year-on-year drop was recorded, with similar declines also seen in...
Apollo Aviation Group (“Apollo Aviation”), a multi-strategy aviation investment manager, announced today that it raised $833 million for SASOF III, its third aviation fund. The amount raised is well in excess of SASOF III’s $750 million target. SASOF III, an institutionally-focused commingled private equity fund, follows on from SASOF and&n...
Caribbean Airlines having conducted a detailed review of its network, consistent with the current competitive environment, has taken the difficult decision to withdraw the Boeing 767 fleet from its operations. As a consequence of this change, Caribbean Airlines will discontinue service to London Gatwick, effective January 10, 2016. This has not been an easy decision, since the airline’s c...
AJW Engines is to provide engine shop visit management services for Cameroon Airlines Corporation (Camair-Co). An experienced team of professional engineers fromAJW will manage all aspects of the shop visit for two PW4060 engines. Camair-Co has also signed a lease agreement with AJW Leasing for a replacement PW4060 engine which has been fitted to their B767-300 aircraft. The...
Leisure carrier Small Planet Airlines GmbH made its first flight from Germany after signing an agreement with virtual airline and an air broker Involatus Carrier Consulting GmbH. The company will carry passengers from the following Germany and Switzerland airports: Bremen, Hanover, Hamburg, Munster, Dusseldorf, and Zurich. Passengers will fly to Canary Islands, Fuerteventura and La Palma. &ldqu...
Norwegian Air Shuttle ASA hopes to sell one-way tickets to Europe for $69 as early as 2017 by flying from U.S. airports that have low fees, Chief Executive Officer Bjørn Kjos said in an interview. Europe's third-largest budget airline is considering flights to Edinburgh and Bergen, Norway from U.S. airports that have little to no international service today, such as New York'...
More than 207,000 passengers passed through Tallinn Airport in September 2015, 6% more than September last year, the company announced BC. In total 1.68 million passengers have used the airport in the current calendar year, by 9% or 137,000 more than last year. The amount of passengers on scheduled flights grew by 7%, that indicates healthy demand also after active holiday season. The averag...
US air taxi company ImagineAir is planning to double its Cirrus SR22 fleet over the next 12 months through the introduction of an ownership programme targeted at regular users of its on-demand service. The Lawrenceville, Georgia-headquartered company is already the largest commercial operator of the four-seat piston single, with 11 of the type in its lineup. It is hoping the new initiat...
The Norwegian Air Ambulance (Norsk Luftambulanse AS) will be the first operator to purchase the technically improved H135. Three units have been ordered with the option for further helicopters in the future. The first delivery is planned for 2017. The Norwegian emergency medical services (EMS) operator will benefit from Airbus Helicopters’ enhancements to the versatile H135, which be...
Shares of AirAsia Bhd rose to their highest in nearly two weeks after Reuters reported that the founders of Asia's largest budget airline are sounding out investors to take the company private. The stock rose as much as 8 percent in early trade to hit 1.35 ringgit per share, its highest since Sept 25, and outperforming the 0.05 percent rise in the benchmark index. Reuters had exclusively...
In September, Finnair's overall capacity measured in Available Passenger Kilometres grew by 2.5 percent and traffic measured in Revenue Passenger Kilometres grew by 4.4 percent year-on-year. The number of passengers increased 8.9 percent to 916,700. The passenger load factor increased by 1.4 percentage points to 81.6 percent. The capacity in Asian traffic decreased in September by 5.1 perce...
