Avianca-TACA has signed a firm order with Airbus for 51 aircraft, 33 A320neo and 18 A320 aircraft. The A320neo model incorporates “Sharklet” wing tip devices and new engines which together should deliver 15% in fuel savings. This reduction is equivalent to 1.4m liters of fuel less per year (about what 1,000 mid-sized cars consume), and [...]
Continue ReadingAvianca-TACA confirms Airbus order
By IAG | February 3rd, 2012 | Posted in Aviation News | No CommentsAmerican Airlines' Job Cuts
By IAG | February 2nd, 2012 | Posted in Aviation News | 1 CommentAmerican Airlines outlined plans to cut 13,000 jobs as it seeks to raise an additional $3bn in revenue per year by 2017. The plan, which targets $2bn in cost savings and $1bn in additional revenue per year, is designed to allow the airline to reduce its debt and become financially viable in the years after [...]
Continue ReadingBAA loses appeal on Stansted
By IAG | February 1st, 2012 | Posted in Aviation News | No CommentsBAA lost its latest appeal against a Competition Commission decision forcing it to sell Stansted Airport. The ruling is the latest in a long-running dispute over airport capacity in the south of England. BAA was already forced to sell Gatwick Airport. The Competition Commission first ruled over three years ago that BAA must sell the [...]
Continue ReadingAir Zimbabwe's death
By IAG | January 31st, 2012 | Posted in Aviation News | No CommentsReaders of this blog have seen us write about this sad airline and even sadder country. Its history since independence is littered with nasty stories piled on top of stories of incredible incompetence. We came across a note from a journalist Jan Raath, once based in that country. We reproduce the story here because it [...]
Continue ReadingEtihad takes another strategic stake
By IAG | January 30th, 2012 | Posted in Aviation News | No CommentsThe Seychelles agreed to sell 40% of Air Seychelles to Etihad Airways as part of a strategic partnership alliance initiative. This follows a similar deal between Etihad and airBerlin. Under the terms of the deal Etihad will invest $20m in Air Seychelles, and then this will be matched by the government of Seychelles. The deal [...]
Continue ReadingEtihad and airBerlin deal approved
By IAG | January 27th, 2012 | Posted in Aviation News | No CommentsGerman and Austrian regulatory authorities approved the deal announced last month in which Etihad Airways increased its shareholding in airberlin to 29.21%. The approved strategic partnership between the airlines offers passengers a combined global network of 239 destinations, connected via hubs in Abu Dhabi, Berlin, Düsseldorf, Vienna and Palma de Majorca. Both airlines have announced [...]
Continue ReadingeasyJet confident on strong numbers
By IAG | January 26th, 2012 | Posted in Aviation News | No CommentseasyJet reported +16.7% revenues for the first quarter to £763m, which it credited to its low fares. Load factors were also good – through the three months ending December traffic increased by 8.1% to 12.9m and the load factor rose by 0.9pp to 87.6%. Unit revenues rose +9.2% to £51.83 per seat. easyJet also said [...]
Continue ReadingNorwegian's huge order
By IAG | January 25th, 2012 | Posted in Aviation News | No CommentsThis morning Norwegian Air Shuttle did two deals nobody was expecting. They bought both MAX and NEO – a la American Airlines. The combined deal is worth over $21bn at retail prices but you can be sure they did not pay that. The deal is for 100 MAX-8, plus 22 7237-800s and 100 A320neos. Norwegian [...]
Continue ReadingAnother LCC runs into pricing trouble
By IAG | January 24th, 2012 | Posted in Aviation News | No CommentsReuters reports that the Australian Competition and Consumer Commission said on Tuesday it was seeking penalties and legal costs against AirAsia. The ACCC believes the airline's advertising of its fares for some routes out of Australia was misleading. AirAsia's apparently website failed to show fares that included all taxes, duties, fees and other mandatory charges [...]
Continue ReadingFlybe on Thames Estuary airport plans
By IAG | January 23rd, 2012 | Posted in Aviation News | No CommentsFlybe’s Chairman and Chief Executive Officer, Jim French made the following comments on last week's news the UK government is going to evaluate the idea originally proposed by London Lord Mayor Boris Johnson: “Flybe supports any infrastructure investment that improves connectivity for the British travelling public and will respond to the proposed formal consultation in [...]
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