Airline faces passenger revolt, slump in share price and compensation bill of £30m as it admits it ‘messed up’ Ryanair has promised to publish details by end of tomorrowof all the flights it plans to cancel over the next six weeks following a passenger revolt, a slump in its share price and an expected compensation […]
Bombardier Commercial Aircraft released its 20-year Market Forecast for the 60- to 150-seat segment. According to this new 2017-2036 Market Forecast, the 60- to 150-seat seat segment will be a catalyst to further growth, market penetration and airline profitability. “The outlook for our markets is strong,” said Fred Cromer, President, Bombardier Commercial Aircraft. “We are […]
Turkish Airlines’ Vice President for Marketing and Sales in Central Europe Fatih Cığal said that within the scope of the 2023 macro targets, the company sees itself becoming one of the world’s five largest airlines operating 500 passenger and cargo aircraft. Çıgal, who attended the events held in Zurich for the 50th anniversary of THY’s […]
Provisional data show that in August 2017, the Latvian airline airBaltic carried more than 380 000 passengers or roughly 20% more than in the same period of 2016. During the three summer months, airBaltic has transported a total of more than 1 150 000 passengers to its network spanning Europe, Scandinavia, Russia, CIS and the […]
Norwegian has yet again hit the three million passenger mark. In August, the airline carried almost 3.3 million passengers, an increase of 14 percent compared to the same month previous year. The strongest growth is on Norwegian’s long-haul routes and in the Spanish market. The load factor increased to 91 percent in August. Norwegian carried […]
United Technologies and Rockwell Collins announced that they have reached a definitive agreement under which United Technologies (UTC) will acquire Rockwell Collins for $140.00 per share, in cash and UTC stock. The purchase price implies a total equity value of $23 billion and a total transaction value of $30 billion, including Rockwell Collins’ net debt. […]
12 airlines from Thailand face travel interruptions and financial losses, as their international flights are grounded over license re-certification struggles. Although it is the national Civil Aviation Administration that is blamed for failing to provide safety checks on time, the authority claims that the rush is necessary for it to meet the deadline by ICAO, […]
New platform, Assisto, allows airlines and banks to penetrate Ireland’s high rate of smartphone users Developed by Comtrade Digital Services in three months First Assisto partner gained 250K instant messenger followers in first three months Partners can have chatbot up-and-running in six weeks Comtrade Digital Services, the leading software engineering services and solutions provider, today […]
Although hurricane Harvey is an ongoing disaster, since Houston is still overrun by flood, some analysts have already estimated the possible costs to United Continental, one of the biggest carriers in the US with a significant hub in Houston, estimating losses to be twice as high as the ones Delta suffered following the IT meltdown […]
