Air Austral taken over by local investors
A consortium of 27 private investors became the main shareholder of the Reunionese airline Air Austral.The decision was…
Aviation Economics & Finance
964 articles
Understand the financial dynamics of the aviation industry with our articles on economics, investments, and financial trends.
American Airlines’ first profit since 2019 is on a slim margin
American Airlines’ strong performance during Q4 2022 allowed the company to achieve a net profit for the whole…
Southwest Airlines ends Q4 2022 with $220 million loss after operational meltdown
While Southwest Airlines’ full-year result was a net profit, it ended the year with a net loss of…
Air India to announce 220-aircraft order from Boeing
Air India is said to be in the final stages of finalizing an agreement with Boeing for an…
KLM adds four Airbus A350F aircraft to its order book to replace 747s
KLM has ordered four Airbus A350F aircraft, which will be operated by its cargo subsidiary, Martinair. The cargo jets…
Airbus to hire 13,000 extra staff to ramp up aircraft production rate
As Airbus prepares to ramp up commercial aircraft production, it has announced that it will hire more than…
Boom breaks ground of supersonic Overture Superfactory
Boom Supersonic has announced that construction has begun of its Overture Superfactory in Greensboro, North Carolina, the United…
737 MAX Crash victims’ families question whether Boeing created a culture of safety
As Boeing is set to appear in front of a court in Texas, the United States, the families…
easyJet concludes Q1 FY23 with a loss despite performing better than expected
easyJet announced that while its FY23 Q1 performance was ahead of expectations, the low-cost carrier still ended the…
44,500 new jets worth $2.9 trillion to be delivered by 2041, analysts say
Around 44,500 new planes, worth $2.9 trillion, will be needed to meet the expected rise in passenger traffic…
Boeing ends 2022 with a $5 billion loss
Boeing published its Q4 2022 and 2022 full-year financial results, indicating that despite a return to a positive…
Ex-Etihad CEO Tony Douglas leaves Saudi’s RIA
Tony Douglas, the current Chief Executive Officer (CEO) of Riyadh International Airlines (RIA) and the former CEO of…
Kenyan government to drop Kenya Airways bailout support by end of 2023: Report
The Kenyan government has unveiled plans to drop bailout support for Kenya Airways (KQ) by December 2023, introducing…
EXCLUSIVE: 10 trends to watch in aviation in 2023
In an exclusive interview with Enzo Zangrilli, a long-term aviation executive with 15 years of experience in the…
United ends 2022 profitably for the first time since 2019
United Airlines has managed to end 2022 with a net profit, the first time the company has managed…
Lufthansa officially submits a bid for ITA Airways
Lufthansa has formally submitted a bid to acquire a minority stake in ITA Airways to the Italian government.…
Will Virgin Australia be publicly traded once again?
With aviation continuing to recover globally, Bain Capital, the current majority shareholder of Virgin Australia, is looking at…
Gediminas Ziemelis: Aviation could see $779 billion in total revenues in 2023
Amid misfortunes, continued conflicts, pandemic-forced setbacks, and a blurred horizon, the global aviation sector has reported an encouraging…