CAPA is the leading global aviation knowledge practice, delivering market analysis and data to support strategic decision making at hundreds of the most recognised organisations in the industry. Established for 20 years, CAPA has developed an unrivalled reputation for independence, insight and integrity...
North and South American airline stocks gained on Tuesday (31-Aug-2010) on more positive economic news in the US, as home prices and consumer confidence data rose and the US Federal Reserve approved China Investment Corp’s plan to purchase up to a 10% stake in Morgan Stanley. However, the Dow (+0....
Shares in Ryanair gained 0.4% yesterday, on the day the carrier announced it would close its Belfast City Airport base at the end of the summer schedule (31-Aug-2010) following the airport's confirmation that the public inquiry into the runway extension would be further delayed.
Boeing’s CFO, Jamie Bell, has admitted the company does not see new engines for the B737NG family resulting in the double-digit efficiency improvements that airlines are after. While new engines will offer a 10-16% improvement in fuel burn, Boeing does not believe that the business case for re-engining...
CAPA is the leading global aviation knowledge practice, delivering market analysis and data to support strategic decision making at hundreds of the most recognised organisations in the industry. Established for 20 years, CAPA has developed an unrivalled reputation for independence, insight and integrity...
Bombardier posted USD148 million in net income for the second quarter of its fiscal 2011 ending 31-July-2010, down from USD202 million a year ago. The company earned consolidated revenues of USD4.1 billion, down from USD4.9 billion from its second quarter 2009.
Unlisted Saudi Arabian Airlines Director General, Khaled Al-Molhem, stated the carrier plans to increase domestic and international flights as part of a strategic plan to improve services and better compete in the region. He said: “We have already started implementing the first phase of the strategy...
North and South American airline stocks soared on Wednesday (01-Sep-2010), boosted by a stronger US market. The Dow (+2.5%) gained following an improved Institute of Supply Management manufacturing index for Aug-2010, accompanied by improved manufacturing data in China.
The Reserve Bank of India (RBI) has agreed to ease rules for the restructuring of loans for the nation’s debt-laden airlines. Banks will now be permitted to restructure unsecured aviation loans without classifying them as non-performing assets (Currently under RBI guidelines, only secured loans are...
European shares made their biggest daily gain in three months on Wednesday (01-Sep-2010) pushing airline shares higher. Wider markets were up on improved manufacturing data from the US and China.
UK's unlisted BAA announced it has successfully placed a GBP400 million Sterling Class B bond, with a 2018 maturity and a fixed annual interest coupon of 6.25%. The company generated an initial order book of more than GBP1 billion and was able to price inside initial price guidance at 375 basis points...
Ryanair stated it has overtaken Iberia as the largest carrier (by passenger numbers) operating in Spain, based on AENA data.
Boeing has stated it is not likely acquire Alenia Aeronautica, one of the main suppliers for the B787 and a source of problems for the programme. Boeing CFO, Jamie Bell, stated that the company “clearly is struggling”, but acquiring the supplier was not the way to solve its problems.
The Association of Southeast Asian Nations (ASEAN) has prioritised airport construction in Vietnam as part of a USD290 billion plan to develop infrastructure in the Asia pPcific region. ASEAN’s 10 member states and six non-ASEAN countries approved the plan to develop infrastructure in the region,...
Citing growing business between the two cities, Turkish Airlines has announced that its new Istanbul/Washington DC flight will be extended to Atlanta; pending approval. The move is either bewildering or bold—or perhaps a bit of each—given the fact that Atlanta is a bastion of Delta, and SkyTeam,...
Global stocks surged the most since May-2010 as manufacturing in the US and China grew faster than economists estimated, bolstering optimism in the economy. Shares in the Australian market were also boosted by strong economic data as GDP grew strongly in 2Q2010.
An Emirates A380 made its inaugural flight from Dubai to Manchester on Wednesday 01-Sep, the first time this type of aircraft has been operated into a ‘regional airport’. The deployment of the A380 beyond primary airports like Singapore, Frankfurt, Paris and Sydney has come sooner than most industry...
As Indian aviation prepares for rapid growth over the next decade, there is a need for a new policy framework aligned with industry requirements. This is necessary to create a safe, competitive industry which supports economic development.
Denmark’s Copenhagen announced it has reached a new price agreement with a number of airlines, so that the passenger charge for the airport's LCCT, ‘CPH Go’, will be approximately 35% lower than the current passenger charge. The airport will be the first major facility in Europe to offer differentiated...
On the heels of Southwest’s expansion into Newark, planned as early as next March, JetBlue will increase daily non-stop service between Newark and Boston, operating four daily flights to Newark's Liberty International Airport, complementing its schedule between Boston and JFK.
The retirement of older, single-aisle and regional jets will drive the majority of aircraft purchases in North America, according to a forecast issued yesterday by Boeing. The manufacturer said that North American carriers – the US and Canada – will take delivery of about 7,300 new aircraft over...
Japan has been one of the countries hardest hit by the global economic crisis, with the meltdown proving to be a catalyst for change in the North Asian nation’s aviation market.
European airline shares were mixed on Thursday (02-Sep-2010), mirroring a day of mixed trading. On the whole, European markets ended the session slightly lower, despite the European Central Bank’s announcement of plans to keep interest rates down.
North and South American airline stocks rose for another day on Thursday (03-Sep-2010), after markets continued to gain and TAM received approval from the Brazilian Finance Ministry to merge with LAN Airlines. The Dow (+0.5%) was up on better-than-expected jobs and housing data released in afternoon...
An Emirates A380 made its inaugural flight from Dubai to Manchester on Wednesday 01-Sep, the first time this type of aircraft has been operated into a 'regional airport'. The deployment of the A380 beyond primary airports such as Singapore, Frankfurt, Paris and Sydney has come sooner than most analysts...
Air Mauritius shares rose by 6.4% on Thursday (02-Sep-2010). On the same day the carrier awarded MAS Aerospace Engineering (MAE) a one-year maintenance agreement for eight aircraft, comprising six A340-200s and two A330-200s.
Russia’s United Aircraft Corporation and Ukraine’s Antonov could establish a manufacturing JV within two months. According to Antonov President and Chief Designer, Dmytro Kiva, negotiations between the two state-owned firms are well underway and an agreement could be made before Nov-2010.
CAPA is the leading global aviation knowledge practice, delivering market analysis and data to support strategic decision making at hundreds of the most recognised organisations in the industry. Established for 20 years, CAPA has developed an unrivalled reputation for independence, insight and integrity...
ASUR – operator of Mexico’s Cancun, Merida, Cozumel, Villahermosa, Oaxaca, Veracruz, Huatulco, Tapachula and Minatitlan airports – reports total passenger traffic for Aug-2010 increased 9% year-over-year.
easyJet shares gained 2.8% yesterday, coinciding with Deutsche Bank commentary that stated the outlook for airlines such as Ryanair and easyJet is more positive than other European carriers.
