Turkey’s TAV Holdings yesterday announced a 7% increase in passenger traffic in Mar-2011 and its shares rose 0.8%.
China's National Development and Reform Commission stated it would raise retail jet fuel, gasoline and diesel prices on 07-Apr-2011.
Air Lease Corporation, ILFC founder Steven Udvar Hazy’s new leasing venture, announced it has filed with US regulators to raise up to USD805 million in an initial public offering of common stock.
The Chinese government is expected to decide next week whether to open a production line for the E-190 or close the joint venture with Embraer that produces ERJ-145s. Harbin Embraer is now working on producing its final batch of ERJ-145s, with the last aircraft slated for delivery later this quarter...
The world’s leading airports show pockets of promise but, on the whole, the outlook is cautious, as a sample from CAPA’s in-depth appraisal of the sector revealed this week.
Airbus stated it expects to sell more A380 aircraft in China in the coming years, aided by strong air travel demand in the fast-growing market. Only one Chinese carrier – China Southern Airlines - has ordered the A380 so far, but Airbus is confident more carriers in the mainland will start to warm...
Jeff Knittel, President of Transportation Finance at CIT, sees the aviation market improving for 2011 as core economic growth continues to drive traffic. In this exclusive CAPA interview, Mr Knittel talks about industry growth opportunities, LCCs and the South American market.
Two of Scandinavia's biggest carriers have reported positive traffic growth for March. Norwegian Air Shuttle passenger numbers rose 13% to 1.2 million, although load factors and yields are slipping at the LCC. SAS Group reported overall traffic from its three airlines - Scandinavian Airlines, Wideroe...
Southwest Airlines has reported a 3% increase in revenue passengers and a 5.8% increase in overall passenger numbers for Mar-2011. Average load factors improved 0.6% and flights made were up nearly 5%. Passenger revenue per ASM is estimated to have increased in the range of 8-9% compared to Mar-2010...
Shares in South African carrier 1Time Holdings led a generally stronger day for Middle East and African airline stocks. Air Mauritius was among the top performers, up 2.8%.
Expedia's board has given preliminarily approval to a plan to separate Expedia into two publicly traded companies. The Expedia brand will continue to include the domestic and international operations of the company’s travel transaction brands, while TripAdvisor will be split off and include the domestic...
Aviation Capital Group closed the sale of USD750 million of its 6.750% senior notes due 06-Apr-2021. Proceeds from the offering will be used for general corporate purposes. The joint bookrunning managers for the offering were BNP Paribas Securities Corp, Credit Suisse Securities and JP Morgan Securities...
US aircraft manufacturer Boeing has delivered 104 aircraft in 1Q2011, four down from the same period in 2010, mostly due to the cut back in B777 production. Boeing reported 18 new orders this week, 15 B737s from Turkish Airlines and two more B737s and one B777 from an "unidentified customer".
Interjet will make a decision within two weeks whether to hold an IPO. The carrier is in talks with potential underwriters to sell a stake of at least 15%, potentially valued at up to USD200 million. Funds raised would go towards the carrier's plan to double the number of passengers it carries to 8...
Hochtief shares tumbled 7.9% on Thursday, the largest fall for more than 10 months, following an announcement that a change in its outlook at its Leighton Holdings Ltd unit in Australia will have “significant adverse effects” on the company’s 2011 results. Hochtief does not expect the adverse...
Brazil is expected to fast-track private airport upgrade projects following the creation of a new civil aviation ministry. The Special Secretariat of Civil Aviation was formally created on 5-Apr by new Brazilian president Dilma Rousseff. Wagner Bittencourt assumed this week the position of secretary...
Cathay Pacific Airways has increased its stake in Air China from 18.43% to 18.77%, paying approximately USD5.2 million for 5.48 million shares in the carrier. There is extensive cross-shareholding between the carriers, with Air China owning almost 30% of the Hong Kong-based airline as of the end of...
CAPA India expects private Indian carriers to report USD350 million-400 million profit, raise USD1.5 billion in equity and order up to 200 new aircraft in 2011/12
Ascend’s Global Head of Consultancy, Eddy Pieniazek, talks exclusively with CAPA about aviation prospects in the emerging BRIC markets and latest insights into aircraft leasing trends and aircraft values.
FAA Administrator Randy Babbitt doesn’t want pilots to get too comfortable. “When someone sees a new pilot, it sometimes makes you smile because they are so cautious,” he said last Friday during the Meet the FAA forum at Sun ’n Fun. “But I don’t want you get too comfortable — stay...
There was a very happy guy walking around Sun ‘n Fun last week. CFI and airplane owner Randy Mullinax of Texico, Ill., just found out he won King Schools’ 35th Anniversary Sweepstakes. He takes home a prize package that includes an Alaskan seaplane rating and bush flying vacation. Read more...
Top executives at Piper, Cessna and Cirrus are not worried by the increasing number of attempts by China’s AVIC and its many subsidiaries to purchase general aviation companies based on US soil, according to a report by Flight International, which quizzed GA’s movers and shakers at last...
With issues such as FAA funding and the Next Generation Air Traffic System, or NextGen, being discussed in Congress, now is an important time to have informed legislators making decisions. To better understand how general aviation works and its importance to the national economy, legislators are joining...
Young Eagles Co-Chairman Jeff Skiles and EAA chapters in four communities opened the world of flight to young people during two weekends in March as more than 450 kids were flown during EAA’s Young Eagles Skycatcher Tour. Read more... ===> Posted on April 7, 2011 by Janice Wood. No comments. ©...
The National Aeronautic Association and the Air Care Alliance are looking for nominations for the 2011 Public Benefit Flying Awards. Read more... ===> Posted on April 7, 2011 by Janice Wood. No comments. © GAN 2011
Diamond Aircraft and its North American Diamond Regional Distribution Centers are offering time-limited incentives to buyers of new Diamond aircraft. The incentives, which kicked off at Sun ‘n Fun, provide cash credits for aircraft ordered by April 30. The cash credits start at $15,000 for the...
Flight enthusiasts and general aviation industry officials will be able to watch an aircraft being powered by a high-octane, unleaded, sustainable fuel during Europe’s largest trade show for general aviation next week (April 13-16). Read more... ===> Posted on April 7, 2011 by Janice Wood. No...
Waxing a plane or car used to be a big job, but now you can do it with little effort with the new Eagle One Wax As-U-Dry, according to company officials. Read more... ===> Posted on April 7, 2011 by Janice Wood. 2 comments. © GAN 2011
Jeppesen introduced at Sun ’n Fun the “Express JeppView” digital charting solution that replaces paper terminal charts and procedures for the general and small business aviation markets. Read more... ===> Posted on April 7, 2011 by Janice Wood. No comments. © GAN 2011
