Airbus and Qatar settle A350 jetliner row Flying Airbus and Qatar Airways have settled a dispute over surface damage on grounded A350 jets, the companies said today, averting a potentially damaging UK court trial. The “amicable settlement” ends a $2bn row over the safety of Europe’s premier long-haul jet – an unprecedented public rift that had led Airbus to revoke dozens of other [...]
UK reinstates pre-Covid take-off slot rules and tells airlines ‘use it or lose it’ AIRPORT SLOTS The UK government has reinstated its pre-Covid airport slot rules, telling airlines they will need to use their take-off slots 80 per cent of the time, or face losing them. Also known as landing slots, airport slots are the permission needed by an airline to land or depart from a specific airport at a specific [...]
‘Intelligence received’ suggesting airports breaking competition law – regulator UK airports UK airports could be breaking competition law, according to information received by a regulator. The Competition and Markets Authority (CMA) has written to airport operators warning of “serious consequences” for illegal information sharing. The letter, produced jointly with the Civil Aviation Authority (CAA), stated: “The CMA has recently received intelligence to suggest that some UK [...]
China’s reopening to fuel global aviation recovery with 44,000 plane deliveries expected over next 20-years January 24, 2023 China is set to be the engine for global aviation’s recovery after its reopening from Covid restrictions, with 44,500 new planes set to be delivered in the next 20 years. Data published today by aviation analytics firm Cirium shows the planes will be made in order to meet a 3.6 per cent annual passenger travel [...]
The Notebook: Victoria Scholar on Chinese New Year, air fares and edible economics January 24, 2023 | City Talk The notebook is where interesting people say interesting things. Today it’s Victoria Scholar, Head of Investment at Interactive Investor, on Chinese New Year, why air fares are on the increase and what we can learn about economics from food As the Chinese New Year begins, investors are increasingly turning their attention back to markets in [...]
Fears of future global travel chaos grow as pilots consider leaving due to poor pay January 19, 2023 Fears of future travel disruption could soon become a reality as pilots consider leaving the profession due to poor pay. Research published today by aviation recruitment firm Goose shows that 53 per cent of world pilots haven’t had a pay increase in over five years, while a third said they actually sustained a pay cut. [...]
Stansted’s passenger numbers soar 226 per cent as UK airports continue to rebound January 16, 2023 The number of passengers travelling via Stansted soared 226 per cent in 2022, the airport reported today, in yet another encouraging sign that Britain’s airports are gradually recovering from the Covid-19 pandemic. The Essex hub reported that 23.3 million passengers have passed through its gates over the past 12 months. The numbers for December (1.8 [...]
Business travel to bounce back in 2023 after Covid hiatus, analysts predict January 15, 2023 Executives are set to ditch Zoom calls this year and once again start catching flights to conduct business in person around the world, industry experts have suggested. Long-haul business travel is predicted to bounce back this year, according to analysts from aviation data and analytics firm IBA. IBA’s managing director Geoff van Klaveren said he [...]
UK airlines hit back against calls for green taxation January 12, 2023 UK airlines have hit back against reports calling for a fairer taxation of the aviation industry to avoid “spiralling” CO2 emissions this decade. London-based think tank Green Alliance today called on transport secretary Mark Harper to ensure the industry is taxed appropriately. The government’s failure to tax different modes of transport according to their environmental [...]
China’s reopening could spell short-term trouble for Airbus, CEO warns January 10, 2023 Airbus warned today that China’s decision to end its strict zero-Covid strategy and reopen its borders could pose difficulties for the company heading into 2023. “In the short-term, China will create additional difficulties and complexities that we will have to deal with,” chief executive Guillaume Faury told journalists today. The warning comes as the European [...]