ROME, 15 July 2016: Qatar Airways has struck an agreement to buy a 49% stake in Italy’s Meridiana fly, the Gulf carrier said Thursday.
Qatar’s flagship airline said in a statement that the deal signed with Meridiana’s parent company, Alisarda, would be effective from October “subject to certain conditions,” without specifying what they were or naming a price.
The agreement is considered a last chance for Italy’s second-largest carrier, which has been plagued by financial losses and was forced to announce at the end of June that it was cutting a quarter of its workforce. Read more
LONDON, 15 July 2016: This year’s Farnborough air show was not a vintage year for aircraft orders, analysts say, a gloomy outlook clouded by Brexit and further darkening as European giant Airbus slashed output of its A380 superjumbo.
Airbus’ announcement late Tuesday that the Franco-German planemaker would halve A380 production to one a month from 2018 caused some turbulence at the show.
Orders at the last Farnborough event in 2014 hit USD201 billion whereas this year organisers said they came in over USD85 billion by the close of day three, suggesting a steep falloff — albeit actual deals usually go through some way below official list prices. Read more
LONDON, 15 July 2016: The aircraft sector hit turbulence Wednesday as European giant Airbus slashed output of its A380 superjumbo because of weak demand, putting the brakes on plane orders generally at Farnborough.
The Franco-German planemaker revealed at Farnborough that it would halve production of its enormous A380 to one a month from 2018.
Airbus Group chief executive Tom Enders said Wednesday he hoped the cutbacks, announced late Tuesday, would last for “just a year or two”, adding he remained optimistic over the jet’s prospects. Read more
SIHANOUKVILLE, 14 July 2016: Thai Smile will expand its presence in the Mekong Region this year with four new destinations.
The airline intends to add scheduled year-round services to Ho Chi Minh City and Danang in Vietnam, Luang Prabang and Vientiane in Laos and Phnom Penh in Cambodia by the end of the year.
Thai Smile CEO and president, Woranate Laprabang, outlined expansion plans in the six-country region during a Mekong Tourism Forum panel discussion, last week. Read more
LONDON, 14 July 2016: Airbus announced, Tuesday, that it was halving production of its A380 superjumbo aircraft to one a month from 2018 to reflect reduced demand.
“In line with the current order intake, Airbus has decided to target 12 A380 deliveries per year from 2018,” the European plane-maker said in a statement at the Farnborough Airshow.
The company has received orders for 319 planes from 18 global airlines so far, of which it still has to deliver 126. But the rate of new orders is slowing. Read more
DONG NAI, 13 July 2016: Airports Corporation of Vietnam says work on phase one of the Long Thanh International Airport should begin April 2021 based on current progress.
Saigon Times media quoted ACV outlining the legal procedures for terminal design bids for the project that will be developed in Long Thanh district.
ACV said the bids will be presented 8 August. The final design for the airport would be selected by this September. Read more
GENEVA, 13 July 2016: Financial results for the first quarter of 2016, indicate a robust outlook for aviation profitability this year, according to the latest IATA trends monitor.
Cash flow metrics from the first quarter also improved relative to the same period a year ago, despite higher capital investment IATA reported.
However, it voiced considerable uncertainty over the ‘Brexit’ vote warning that it could take a heavy toll on airline shares, particularly in Europe. Read more
SINGAPORE, 13 July 2016: TripAdvisor announced, Tuesday, the launch of a new airline reviews platform, as well as a newly redesigned Flights search service and beta launch of its “flyscore” that rates the quality of each air travel itinerary for consumers.
The enhancements make it easier for consumers to make direct comparisons between flight options.
With the launch of the new airline reviews platform, which will include all major airlines, TripAdvisor expands the reach of its massive base of 350 million traveller reviews and opinions. Read more
DOHA, 13 July 2016: Qatar Airways said on Monday its net profit for the year ending 31 March rose sharply because of low oil prices and a cut in expenditure.
The Gulf state’s national carrier posted a net profit of 1,621 million Qatari riyals (USD442 million) in the year 2015/2016 compared with 373 million riyals (USD102 million) in the previous year, a massive 335% rise, the company said in a statement.
Qatar Airways Group chief executive officer Akbar al-Baker said this was the best year yet for the airline which has a fleet of 186 of the most advanced aircraft. Read more
BANGKOK, 12 July 2016: Thai Airways International’s first A350-900 XWB rolled out painted in its final livery after a cabin fit and engine installation, last week, at the Airbus final assembly line in Toulouse, France.
According to the airline’s statement, the new aircraft will start ground and flight tests ahead of delivery due in late August.
THAI’s A350 XWB will offer a two-class configuration. Royal Silk Class seats are arranged four abreast in a 1-2-1 configuration with a total of 32 seats. Read more