Ilyushin Finance Co. (IFC) is entering the business aviation market with plans to have some of the airliners it has on order for its lease portfolio outfitted with VIP interiors. For the most part, the aircraft to be offered for lease for private and corporate clients will be Russian-made airliners, such as the Tupolev Tu-204 and Antonov An-158, but IFC also has orders for new aircraft such as Sukhoi’s Superjet SSJ-100 and Irkut’s MC-21.
Growth in global airline traffic–both passenger and cargo–continued a positive trend during the month of July, as revenue passenger kilometers increased 5 percent and freight ton kilometers rose 1.2 percent over the same month in 2012, according to a pair of reports issued last week by the International Air Transport Association (IATA).
The European Regions Airline Association is preparing for a winter of intense lobbying as politicians in Brussels return to their desks this month. The ERA’s new director general, Simon McNamara, has identified new passenger rights rules, airport capacity shortages and constraints on state aid for airlines and airports as the main battleground issues the association hopes to resolve before the European Parliament elections in May next year and the subsequent appointment of new leadership at the European Commission (EC).
Low-cost carrier Ryanair has said it will appeal the UK Competition Commission’s August 28 ruling that it must reduce its holding in Ireland’s Aer Lingus from 29.8 percent to 5 percent.
The airline industry will need more than one million new pilots and technicians to operate and maintain new aircraft due for delivery over the next two decades, according to a new forecast from Boeing. The 2013 Pilot and Technician Outlook, released on Thursday at the launch of 787 training at the U.S. airframer’s Miami Flight Services campus, projects a requirement for 498,000 new airline pilots and 556,000 new maintenance technicians by 2032.
Data released last week by UK air navigation service provider NATS appears to strengthen Irish low-cost carrier Ryanair in its ongoing campaign to refute accusations that its pilots are subject to undue operational pressure. The NATS data showed that while the all-airline average of carriers whose crews were responsible for altitude busts in Europe as a whole was approximately 6.71 per 100,000 movements, Ryanair pilots busted assigned altitudes only 0.94 times per 100,000 movements.
Philippine carrier Zest Air’s 11 Airbus aircraft returned to normal operations August 21, after the carrier’s flight schedule was suspended by the Civil Aviation Authority of the Philippines on August 16 for numerous safety violations. The reinstatement of the airline’s operating certificate came after an inspection by the country’s Flight Standards Inspectorate Service.
The Civil Aviation Authority of the Philippines (CAAP) reinstated low-far carrier Zest Air’s operating certificate last Tuesday following a four-day suspension triggered by a series of alleged safety oversights. Zest Air, whose ownership structure includes a 49-percent stake held by Malaysia’s Air Asia, returned to service four of its 11 Airbus A320-series narrowbodies as of August 22 and hoped to resume a full schedule by the end of the week, following clearance by CAAP inspectors.
The financial performance of U.S. airlines improved from “razor thin margins to paper thin margins” during the first half of the year, as passenger airlines collected 2.1 cents in profit for every dollar of revenue, according to trade organization Airlines for America (A4A). In a quarterly media briefing on August 22, A4A said airlines benefited from a small decrease in fuel prices, their largest cost.
StandardAero has appointed Leo Mendoza as regional sales leader for its Latin American airline and fleet business. Mendoza’s appointment complements the company’s objective to expand its business footprint and overall investment in the Latin American region. Mendoza’s background includes sales management with Pratt & Whitney and, most recently, MTU in Vancouver, Canada, where he led teams of technicians and buyers for a South American state-run air carrier.