Dubai Airports has confirmed its US$ 1.2 billion (AED 4.3 billion) investment in new and upgraded facilities for the over 110 international airlines that operate from Dubai International’s Terminals 1 and 2. Concourse D, when it opens later this year, will become the new US$ 517 million (AED 1.9 billion) home to nearly 100 airlines that currently occupy Concourse C. It will feature 21 contact stands, of which four will be able to accommodate A380 or B747 aircraft, and 11 remote … [Read more...] about Dubai invests US$1.2B in airport upgrade
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Fitch: Outlook stable for Latin American airlines
The outlook for the Latin American Airlines sector is stable for 2015, according to Fitch Ratings. Fitch Ratings expects credit profiles for main carriers to remain stable in 2015 based on their capacity to preserve stable margins and maintain balance in capex levels and cash flow generation. Rational capacity management is projected to prevail in the sector during 2015, according to Fitch. Most players are expected to touch single-digit capacity growth rates in 2015. Fitch's view of … [Read more...] about Fitch: Outlook stable for Latin American airlines
EgyptAir pulls out of Zimbabwe
Egypt flag carrier Egypt Air has revealed that it is pulling out of Zimbabwean next month. Sources at Egyptair offices in Harare said the airline will cancel the Cairo-Dar es Salaam-Harare route on 24 September. Egypt Air informed the Civil Aviation Authority of Zimbabwe (CAAZ) and other relevant stakeholders last month of its decision to stop four weekly flights to Harare. … [Read more...] about EgyptAir pulls out of Zimbabwe
Air Lease to place two B777-300ERs with KLM
Air Lease announced long-term lease agreements with KLM for two additional new Boeing 777-300ER aircraft, scheduled for delivery in the second half of 2016 and early 2017. These aircraft placements are in addition to the two new 777-300ER aircraft scheduled for lease from ALC to KLM in early 2015 and early 2016, all from ALC’s order book. “KLM is one of our key and strategic European airline customers. This placement of four new Boeing 777-300ERs continues our long and excellent … [Read more...] about Air Lease to place two B777-300ERs with KLM
Air China to cut US$8m in fuel costs with SITA technology
Air China expects to save around US$8 million a year in fuel costs using payload and live weather update technology from air transport IT specialist, SITA. Following extensive trials on its international routes, Air China has deployed SITA’s FMS Wind Uplink service on all international and domestic routes to constantly update key weather information for flight management system (FMS) calculations while en route. This enables the crew to adjust its flight path in-flight according to … [Read more...] about Air China to cut US$8m in fuel costs with SITA technology
Virgin Atlantic appoints Globe Air Cargo in Dubai
Virgin Atlantic Cargo has appointed Globe Air Cargo as its general sales and service agent in Dubai in a move to simplify its freight and courier express sales for customers in the UAE and take advantage of the Dubai market’s strong growth forecast. The airline carries some 5,000 tonnes a year on its daily flights from Dubai to London Heathrow. As well as the UK market, customers in Dubai use Virgin Atlantic Cargo’s network and fast air and truck connections through London to … [Read more...] about Virgin Atlantic appoints Globe Air Cargo in Dubai
