Top management of the three big engine OEMs must be leaving the IATA AGM in Rio de Janeiro with a bad feeling. They have been grilled for underdelivering and overcharging airlines for engines that have proved to be defective and…
The Delhi-based low-cost airline, SpiceJet, is to take three Airbus A320ceo aircraft on a damp lease. It has also brought a grounded Boeing 737 MAX 8 back into operation. A damp lease means that the company from which the Indian…
Chinese carrier Shenzhen Airlines is in advanced stages of a RMB16 billion ($2.4 billion) capital raise to strengthen its financial position and reduce debt burden. This will help it to accelerate fleet renewal plans and grow its widebody fleet, thanks…
RIO DE JANEIRO — The global aviation industry faces a sharp financial reversal in 2026, with net profits projected to halve compared to last year. Driven by a 70% year-on-year spike in jet fuel prices and severe operational disruptions from…
Rafael Schwarzman, IATA Regional Vice President for Europe, announced at the IATA Annual General Meeting (AGM) in Rio de Janeiro that jet fuel surged past 40% of total airline operating expenses (OpEx). This cost escalation, combined with a marginal 0.8%…
TAC reports Boeing plans to accelerate MAX production. The need for this is obvious; Boeing must catch up with Airbus for the sake of the entire supply chain, not just its nervous shareholders. But producing 70/month? Let’s take a look…