How virtual twin technology is powering low carbon aviation July 14, 2022 | Sponsored The clock is ticking when it comes to preventing irreversible damage from climate change – and aerospace is one industry where a complete transformation is required to achieve Net Zero Targets. With air travel currently contributing 2.5% of global greenhouse gas (GHG) emissions, it is high time to reinvent the way we fly, and decarbonisation [...]
Plenty of sympathy for aviation chiefs but time for excuses is running out July 13, 2022 Running an airport or an airline is no doubt a hard job, not least because people most often notice you when something has gone wrong. One wag on twitter says he has a recurring nightmare in which he serves as a social media manager for a major carrier, and it is true that very few [...]
AerCap sues AIG for $3.5bn over aircraft lost in Russia July 12, 2022 AerCap, the world’s largest aircraft lessor, has recently sued AIG and other insurers following a $3.5bn all-risk claim filed in March over aircraft lost in Russia. The company argued in the UK’s High Court that insurers owed AerCap the amount as part of the “all risk” insurance policy it adopted. According to the Dublin-based company, [...]
Aircraft lessor writes off $1.1bn loss as planes remain in Russia July 9, 2022 Aircraft leasing company SMBC has written off a $1.1bn loss as 34 of its planes remain stranded in Russia following the invasion of Ukraine. The Dublin-headquartered company, one of the biggest in the world, decided to expense the fleet’s value this financial year, as the war in Ukraine is expected to continue for some time [...]
Heathrow ordered to lower passenger charges to less than £27 after bitter dispute with airlines June 28, 2022 The aviation watchdog ordered Heathrow Airport this morning to reduce its passenger charges amid a surge in demand for flights. The Civil Aviation Authority (CAA) said the cap on the west London airport’s average charge per passenger will fall from £30.19 today to £26.31 in 2026. Adjusted for inflation, the fare will amount to £28.39 [...]
Aviation leaders optimistic about future of industry June 21, 2022 The aviation industry is set to recover soon from ongoing labour shortage and travel chaos issues, according to aviation leaders. Willie Walsh – former boss of BA’s parent company IAG and now at the helm of the International Air Transport Association (IATA) – argued that while some airlines will need to adjust capacity forecasts, not [...]
Swissport threatens to sue as hubs axe hundreds of flights June 20, 2022 Airport service provider Swissport has threatened to take airports to court following the ongoing reduction in the number of daily flights at European hubs. “I think that there’s going to be some challenges, I suspect legally, to putting caps on airlines,” said chief executive Warwick Brady. “We recruited enough people for the summer schedule and they [...]
Half term travel bloodbath with endless queues at UK airport, delayed flights and last-minute cancellations May 30, 2022 Tens of thousands more Brits face queues, delays and even cancellations today after what some social media users described as a ‘Sunday from hell’. Half-term holidaymakers who tried to get away over the weekend face delays of up to nearly eight bours with some passengers being told at the very last minute that their flight [...]
Signs of recovery in aviation as order book increases again May 30, 2022 ORDERS for commercial aircraft were their highest in four years in the month of April, new data released today has revealed. More than 130 airplanes were ordered in April, hitting a high not seen since well before the pandemic. There is now a backlog of some 13,000 aircraft that have been ordered but are yet [...]
End of airport slots allocation leads to lower fares, says IEA May 26, 2022 Ending the allocation of airport slots will lead to lower fares, according to a paper published today. The Institute of Economic Affairs (IEA) has argued that buying and selling airport slots on the market like any other goods will lead to more competition between airlines, ultimately improving consumers’ choice. “The system weakens competition between airlines [...]