The spike in global oil prices brought about in no small measure by the unrest in the Middle East has driven the price of jet-A above $3 a gallon, prompting airlines throughout the world to adjust their air fares in an effort to compensate. According to the Air Transport Association, $3 jet fuel would raise U.S. airlines’ 2011 fuel bill by some $15 billion. Last year’s fuel bill for U.S. airlines totaled $38.8 billion.
AIN Air Transport Perspective » March 11, 2011
The third edition of Asian Aerospace since its move from Singapore to Hong Kong got off to a flying start on Tuesday, when Hainan Airlines Group (HNA) subsidiary Hong Kong Airlines ordered 38 Boeing airliners. The deal involved thirty 787-9 Dreamliners, six 777 freighters and two VIP-configured 787-8s.
In an all-too-predictable development, members of Congress have launched their annual attack on the Essential Air Service (EAS) program, again forcing the Regional Airline Association to devote disproportionate energy toward defending a relatively paltry $200 million out of the more than $129 billion in transportation spending the Obama Administration has proposed for FY2012.
The European Commission has at last decided on the basis under which it will calculate the number of aviation allowances under the EU Emission Trading Scheme (EU-ETS) starting January 1.
EADS has backed a pledge to launch a big push to strengthen its presence in new markets around the world, while seeking to avoid costly engineering and planning errors, by signing a new memorandum of understanding (MoU) on research collaboration with Russia’s Skolkovo Foundation. Jean Botti, EADS chief technical officer, and Viktor Vekselberg, executive president of the Skolkovo Foundation, signed the agreement in Paris on March 2.
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