Norwegian consolidates recovery, posts operational profit in 2022
After a few difficult years and a near-death experience, it seems that Norwegian is finally out of the…
Aviation Economics & Finance
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Understand the financial dynamics of the aviation industry with our articles on economics, investments, and financial trends.
Finnair sees air travel ‘uncertainty’ continuing in 2023
While Finnair’s revenue grew exponentially throughout 2022, a large operating loss and “uncertainty” will continue to prevail in the…
Boeing beats rival Airbus in orders and deliveries, starts 2023 on a high note
Boeing started the year on a high note, managing to sell and deliver more aircraft than its European…
Could JetSMART swoop in and acquire the restructuring Viva Air?
With Viva Air announcing its restructuring and the Colombian authorities yet to render a decision on its merger…
Air Arabia nets record AED 1.2 billion profit, doubles 2022 passenger numbers
Air Arabia has announced a record net profit for FY22 of AED 1.2 billion ($326.7 million), an increase…
Colombia-based Viva Air initiates restructuring process
Colombia-based low-cost carrier Viva Air has initiated a Business Recovery Process (Proceso de Recuperación Empresarial, PRE), as it…
Russia approves UAE-based Global Jet Technic to repair Airbus, Boeing aircraft
Russia’s Federal Air Transport Agency (FAVT), also known as Rosaviatsiya, has approved the Dubai, United Arab Emirates (UAE)-based Global…
Ex-S7 Airlines 737 MAX spotted with Qatar Airways tail and winglets
A former S7 Airlines Boeing 737 MAX was spotted bearing Qatar Airways tail and winglet designs, suggesting that…
Southwest: ‘We know we messed up’ on the Holiday meltdown
Southwest Airlines Chief Operating Officer (COO) Andrew Watterson has appeared in front of a United States (US) Senate…
EU probes open skies agreement with Qatar following corruption scandal
Members of the European Parliament (MEPs) have begun to probe an open skies agreement between the European Union…
Spirit expects DOJ decision on merger with JetBlue by March 2023
Spirit Airlines, whose shareholders approved the merger with JetBlue in October 2022, expects the Department of Justice (DOJ)…
Airbus still struggling to sell wide-body aircraft
In its latest round of Orders and Deliveries data, Airbus increased its narrow-body aircraft backlog and delivered 20…
European business aviation could show resilience in 2023 despite recessionary outlook
The first month of 2023 started with high private jet demand in the European region and other parts…
US airlines respond to Biden‘s SOTU Address
Airlines for America (A4A), an industry trade organization and a lobby group, responded to comments made by the…
Boeing to slash 2,000 jobs, outsource some roles to India
Boeing will reduce its headcount by about 2,000 in the coming months in an effort to streamline its…
Mitsubishi admits it was ‘naive’ about SpaceJet program
Following the official confirmation that Mitsubishi Heavy Industries (MHI) would be terminating its SpaceJet program, the company’s president,…
Passenger demand recovery 68.5% of pre-pandemic levels in 2022: IATA
The latest industry update published by the International Air Transport Association (IATA) has indicated that traffic in 2022 was 68.5%…
Mitsubishi to axe SpaceJet project
Mitsubishi is set to axe the SpaceJet aircraft development program after years of multiple delays and development costs…