Air Transport Association News
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Boeing Co. said demand for the 747-8 jumbo jet, its largest and most-expensive model, will recover even as the company stashes some planes in desert storage and slows the production rate.
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Boeing Co. is under mounting pressure from airlines eager for an improved version of its biggest twin-engine jet as Airbus SAS makes inroads in the wide- body market with a model available years earlier.
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Flights into France were disrupted for a second consecutive day as air traffic controllers strike in protest of planned changes to national airspace oversight.
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Malaysian airline entrepreneur Tony Fernandes says he has two adopted homes. There’s London, where he owns the Queens Park Rangers soccer club and the Caterham Formula One auto-racing team based in nearby Oxfordshire. And there’s Jakarta, a thriving, congested Southeast Asian megacity in the world’s fourth-most-populous nation.
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European Union regulators requested new powers to lower air-traffic charges and shorten flight routes in the bloc, challenging national controllers in a bid to offer relief for carriers.
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AirAsia X Bhd. and Nok Airlines Co. said they will sell shares in initial public offerings to fund expansion plans as economic growth in Asia spurs travel demand.
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Ethiopian Airlines Enterprise, sub- Saharan Africa’s second-biggest carrier, said it’s planning to add a hub in the Democratic Republic of Congo to secure transfer traffic amid growing competition from Middle Eastern operators.
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The days of bland economy-class food are numbered, with Europe’s full-service carriers dishing up gourmet menus reminiscent of the golden age of air travel as they look for ways to squeeze more revenue out of passengers.
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Airlines backed a call for an emissions market to offset growth in their greenhouse gases after 2020, a step that could spur international talks on tackling pollution from the industry.
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Airline executives are set to spend more on orders for the latest wide-body planes from Airbus SAS and Boeing Co. as consolidation and cost cuts give them more reason for optimism for a rebound in earnings this year.
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