Boeing announced production stoppage of the 747 jumbo jet following news that numerous airlines would be retiring their 747 fleets due to the effect of the COVID-19 pandemic, data and analytics firm GlobalData stated in a press release. British Airways, Qantas, KLM and Virgin Atlantic have either retired their fleets, or plan to do so ahead of pre-COVID-19 schedules. GlobalData said that shedding Boeing’s ‘increasingly redundant’ wide-body product and focusing on narrow-body aircraft such as … [Read more...] about Boeing’s 747 to exit production as airlines adjust to new reality
GlobalData
Renewed Emirates-Etihad merger speculation is premature, says GlobalData
The anticipation of deteriorating aviation demand due to COVID-19 has renewed speculation about the potential merger of Emirates Airline and Etihad Airways. To the majority of industry watchers, the joining of the profitable Emirates and the loss-making Etihad is a sensible next step for the UAE’s aviation sector. Conjecture about the flag carriers’ merger is also understandable as analysts seek to identify quick gains for aviation in the post-coronavirus … [Read more...] about Renewed Emirates-Etihad merger speculation is premature, says GlobalData
Virgin Atlantic announcement cements theory that airlines will be smaller post-COVID, says GlobalData
Following the announcement that Virgin Atlantic is to cut 3,000 jobs and cease operation at Gatwick: Nick Wyatt, Head of R&A and Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the situation: “Just yesterday GlobalData said that major airlines feel a leaner, more agile business is what is needed and that they will shrink. Virgin Atlantic’s announcement today serves as further proof of this and shows that the impact of COVID-19 on airlines … [Read more...] about Virgin Atlantic announcement cements theory that airlines will be smaller post-COVID, says GlobalData
Airlines likely to be smaller post-COVID, says GlobalData
Following recent announcements made by several airlines, speculation has grown that some of the world’s largest airlines will shrink: Nick Wyatt, Head of R&A and Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the situation: “Announcements made over the last week or so point in one direction: airlines will become smaller – at least in the short-to-mid-term. “Some high-profile names have come to the conclusion that … [Read more...] about Airlines likely to be smaller post-COVID, says GlobalData
Codeshare agreements reinforce Qatar Airways’ global growth strategy
According to leading data and analytics company GlobalData, outbound and inbound air travel in Malta is expected to increase at CAGRs of 6.9% and 6.6% respectively between 2020 and 2023. The Air Malta agreement with Qatar Airways will offer increased connectivity from Malta to regions such as Africa, which Qatar Airways has been heavily investing in in recent years. Ralph Hollister, Associate Analyst at GlobalData, comments: “This sub-strategy reinforces Qatar Airways’ commitment to … [Read more...] about Codeshare agreements reinforce Qatar Airways’ global growth strategy
New airport approach system increases punctuality and reduces carbon emissions
Ahead of the World ATM Congress in Madrid from 10-12 March, GlobalData examines one of the key issues currently affecting the industry: combatting the capacity crunch. Developed in joint collaboration with technology firm Leidos, Intelligent Approach safely and dynamically separates airport arrivals by time instead of distance, calculating the optimum gap between arriving aircraft for the wind conditions. By displaying the dynamic separation and spacing indicators to … [Read more...] about New airport approach system increases punctuality and reduces carbon emissions
