Boeing shrinks loss in plane business but takes £2.4bn hit from defence unit October 26, 2022 Despite shrinking its losses in the commercial plane business by around 7 per cent to $643m (£556.8m), Boeing was hit by a $2.8bn (£2.4bn) loss from its defence unit. The commercial plane business’ revenue went up to $6.3bn driven by the resumption of 787 and 737 deliveries, as Boeing shipped 112 planes in the three [...]
Aviation back in ‘full force’ as passenger confidence surges to 83 per cent October 24, 2022 Confidence in aviation has come back in full force, as the majority of global travellers feel safe flying again. Figures from Inmarsat’s latest passenger experience survey, which was published today, show that 83 per cent of world passengers are optimistic about air travel. This is 73 per cent up on last year’s levels. Brazilians and [...]
Airbus in £10bn talks to lock in Saudi Arabia for mega order of 40 A350 planes October 24, 2022 Saudi Arabia is reportedly in talks with EU plane manufacturer Airbus for the purchase of around 40 A350. Industry sources told Reuters the order would stand at $12bn (£10.6bn) and could be announced as early as this week. The Saudi government is in fact hosting the Future Investment Initiative, an international investment forum run by [...]
Half-term boom: Stansted expects 400,000 departures October 18, 2022 Over 400,000 people are expected to fly from Stansted during the October half-term, according to forecasts released today. Stansted has predicted that more than 800,0000 passengers will pass through its gates between 21 and 30 October, with Friday 21 being the busiest day. This is up on last year’s levels as 500,000 passengers were reported [...]
UK green aviation fuel targets could fail without Govt support October 12, 2022 The UK’s green aviation fuel targets could be out of reach without further government support, trade body Airlines UK has warned. Chief executive Tim Alderslade called on the government to introduce a pricing mechanism for the production of sustainable aviation fuels (SAFs), as it is currently between two and four times more expensive. Produced from [...]
Heathrow back at number 1 as airport regains status as Europe’s busiest hub October 11, 2022 Heathrow has said it regained its status as Europe’s busiest hub airport over the summer. Some 5.8m passengers travelled through Heathrow in September. A year ago, Heathrow warned it had gone from being Europe’s busiest airport in 2019 to number 10 on the list, behind rivals in cities such as Amsterdam, Paris and Frankfurt. It [...]
Rolls-Royce boss calls on aviation to ramp up use of biofuels October 4, 2022 Rolls-Royce’s chief executive Warren East has called on aviation to ramp up the use of biofuels to deliver its 2050 net-zero pledges. East – who will step down from the engine manufacturer at the end of the year – said the industry needs transitional technologies like sustainable aviation fuels (SAFs) while it develops greener aircraft. [...]
Walsh: Anything shy of 2050 net-zero goal will be a failure September 27, 2022 Aviation boss Willie Walsh is calling on governments and industry regulators to commit to a net-zero goal by 2050. “I think anything shy of that will be viewed as a failure,” he told journalists on Tuesday afternoon as he talked about the ongoing International Civil Aviation Organization (ICAO) assembly in Vancouver. The UN body’s assembly [...]
Young buyers drive private jet boom as owners under 45 surge September 26, 2022 Young buyers are among the main drivers behind the private aviation boom as jet owners under 45 have increased by 20 per cent in the last five years. Data from private jet brokers Jetcraft showed that in Europe 24 per cent of pre-owned jet buyers are younger than 45, with numbers increasing to 38 per [...]
Easyjet ends carbon offsetting scheme as it focuses on new aircraft technology September 26, 2022 Easyjet is ending its carbon offsetting scheme at the end of the year in favour of a multi-million-pound investment into new aircraft technology under its roadmap to net-zero by 2050. As part of the plan, older planes will be replaced with 168 new Airbus NEO, which are 15 per cent more efficient and 50 per [...]