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%…
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Aviation Economics & Finance
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Understand the financial dynamics of the aviation industry with our articles on economics, investments, and financial trends.
Mitsubishi to axe SpaceJet project
Mitsubishi is set to axe the SpaceJet aircraft development program after years of multiple delays and development costs…
Norwegian sees satisfying passenger numbers in January 2023
Norwegian announced “satisfying” passenger numbers for January 2023 with the airline hopeful that the positive booking trend would…
Norwegian to acquire six Boeing 737 MAX aircraft via lease
Norway-based low-cost carrier Norwegian Air Shuttle announced that it has signed a Letter of Intent (LoI) with Air…
Business jet market size to pass $41 billion mark by 2030
A market research and strategy consulting company has estimated that the size of the business jet market will…
Korean Air: pax demand will grow in 2023 despite unfavorable economic conditions
Korean Air, announcing its annual accounts, indicated that it expects demand will continue to recover even if customers…
Hawaiian Airlines in the red in 2022 despite robust demand
Hawaiian Airlines ended 2022 with a net loss despite seeing robust demand on both domestic and international flights. In…
Norway‘s Flyr files for bankruptcy and ends operations
Norwegian low-cost carrier Flyr announced it would file for bankruptcy and cease operations with immediate effect after failing…
Association of Asia Pacific Airlines: 2022 a year of recovery in pax numbers
The Association of Asia Pacific Airlines (AAPA) has announced that preliminary traffic results for 2022 and December 2022…
Boeing to add 737 production capacity at former-747 site
With the final delivery of the Boeing 747 looming, the vacant space in Everett, Washington, the United States…
Ryanair still on track to welcome 225 million passengers by FY26
Irish low-cost carrier Ryanair reiterated its goal of welcoming 225 million annual passengers by the end of its…
Norway’s Flyr considers options to continue operations
Norwegian low-cost carrier Flyr warned investors and travelers that it is looking for options to continue operations after…
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…
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…