Even though sanctions imposed over Moscow’s alleged involvement in the conflict in eastern Ukraine appear not to immediately threaten airliner sales in Russia, the inclusion of certain Kremlin-controlled financial institutions and airlines on so-called “black lists” appears likely to alarm potential investors
Abu Dhabi carrier Etihad Airways and Alitalia signed an investment agreement on Friday that will see Etihad acquire a 49-percent stake in the troubled Italian flagship airline. The overall “transaction implementation agreement,” which the airlines valued at €1,758 billion ($2.35 billion), will recapitalize Alitalia with the aim of restoring it to profitability by 2017.
Delta Private Jets (DPJ) said that the guaranteed-income aircraft management program, Ownership Assist, it introduced in early June has been well received by customers. In fact, the company signed agreements for five new aircraft that are entering the fleet through this program, two of which have just been added to the managed fleet. Meanwhile, DPJ also continues to see increased demand, especially for its jet card.
Russian Prime Minister Dmitry Medvedev has instructed the country’s transport officials to draw up plans to block the use of Russian airspace by European Union (EU) airlines for flights to and from Asia.
Aeroflot’s new low-cost subsidiary Dobrolet became the first casualty of the new European Union (EU) sanctions against Russia when it was forced to suspend all operations on August 4. The Moscow-based carrier announced that it had had to stop all flights following the cancellation of insurance cover, access to aeronautical information, and maintenance and leasing arrangements.
Malaysian Airlines has confirmed that one of its Boeing 777s has crashed in eastern Ukraine, about 31 miles from the border with Russia. Flight MH17 was en route from Amsterdam to Kuala Lumpur with 280 passengers and 15 crew on board. According to Ukrainian air traffic controllers, they lost contact with the aircraft at around 14.15 UTC almost 20 miles from the waypoint at Tamak.
Recognizing its potential to become a major industry player, China is finally moving toward greater liberalization of its aviation sector. The announcement followed on the heels of the Third Plenary Session held in November 2013. It was during this time that China’s new leaders, alongside the Civil Aviation Administration of China (CAAC), committed to a series of reforms geared to loosen the regulatory grip that has significantly hindered industry growth. Now, eight months later, signs of change are on the horizon.
There were 67,311 business aviation flights in Europe last month, and while this was a “seasonal leap” of 9 percent over May, it was still down 0.9 percent from a year ago, according to data released today by business aviation research and consulting firm WingX Advance. “June’s decline completed a negative second quarter and means year-to-date flight activity [in Europe] is 0.4 percent lower than in 2013,” it noted.
The ATR Assembly of Members has appointed Patrick de Castelbajac, 43, CEO of ATR. He succeeds Filippo Bagnato, whose four-year mandate according to ATR’s statutes expired at the end of May.
Air France unveiled the details of its partnership with executive charter operator Wijet for first-class connections. Starting today, passengers of the “La Première” cabin on long-haul flights from Paris Charles de Gaulle Airport can buy an optional connecting flight to and from their final destination aboard one of Wijet’s Cessna Citation Mustangs.
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