The forecast is not looking good for the airline industry as share prices of major airlines have plummeted this October, following the general negative trend that we have been observing since late 2019. This comes as no surprise to us, considering October is often the worst month of the year for many airlines; this is […]
Easyjet has now closed under the 0.564p level (at the SMA 50 level, 50 day moving average), which it tried to surpass for the 2nd time and failed to do. This is the 3rd time in just over a month that it has failed to go above this point, a signal that it has become […]
Here is a list of the current airline start-ups in 2021, which will be regularly updated to add on new start-ups for this year : Green Airlines: Another German start-up based in Karlsruhe, this airline is a virtual airline (that has outsourced many of its operations to other companies) and will start operations from Weeze […]
Aalborg-based Great Dane Airlines ceased operations on the 11th of October, filing for bankruptcy on the same day. At the time of its demise, the airline operated 3 Embraer E195 jets (with a capacity of 118 passengers) bought from Irish regional airline Stobart Air in 2019 and flew to 15 destinations across Europe. Its main […]
Easyjet has suffered its worst week in 2021, a 13.65% drop in price and a disastrous Friday close at 0.680p, down 3.87% on the day. On Thursday, the airline had rejected a takeover bid by Wizz Air, declaring it “low premium and highly conditional all‐share transaction which, in the board’s view, fundamentally undervalued the company”. […]
Despite last year’s generally appalling financial results for most airlines, it did seem that some were going to continue to operate, and that the financial aid distributed by various governments might spare some smaller airlines. But now, whatever the revenue of the airline and whichever market it is serving (apart from Asian airlines), the slow […]
Easyjet’s sudden drop to £940 early this June did incite some panic, but that was just because of the closure of the Portugal-UK corridor which spread wildfire amongst airline stock bears. We came back down to the £960s, and now are consolidating at £986, up from £967 a big almost 2% on the day. There […]
This British Aerospace 146-300 (BAe 146-300), registered as 5X-AAZ for its future operator, Ugandan air cargo company Zone Four, is powered by 4 Lycoming ALF-502 turbofans and can seat between 97 and 112 passengers. It has had an interesting history, having not being taken up twice and being one of the few BAe 146s to […]
New Hünxe-based (North Ruhr Westphalia, Western Germany) start-up MeerExpress began operations on the 26th of March between Hünxe’s Schwarze Heide airfield and Norderney, an East Frisian island, using a Cessna 208 Caravan or 208B Grand Caravan (both turboprops, the 208 can seat up to 9 passengers and the 208B 11 passengers) operated by Hohenlockstedt-based (Schleswig-Holstein, […]
Bombardier has announced that it is to end Learjet production at the end of 2021 after 58 years of the aircraft’s production. The company wishes to pursue and develop its Challenger and Global Series business jets, which make up the majority of its revenue. This event will result in the loss of 1600 jobs. Over […]
Air Serbia will begin flights to the Swiss city of Geneva from the Serbian capital Belgrade on the 1st of March. Air Serbia already flies to the largest city in Switzerland, Zurich. It plans to operate 2 flights a week to Geneva, one on Mondays and another on Fridays. The Belgrade to Geneva route was […]
IAG and Spanish flag carrier Iberia have finalised a deal with Spanish travel firm Globalia on the sale price of Air Europa. Iberia completed the acquisition process of the third-largest airline in Spain yesterday from its parent company Globalia on behalf of IAG (International Airlines Group, which owns Aer Lingus, British Airways, Iberia, FlyLEVEL and […]
Spanish regional airline Canaryfly, which is based at Gran Canaria Airport (Gran Canaria is the largest island in the Canaries) in the Canaries, has announced that it will suspend all operations until the 21st of March due to low demand. The airline has a network of 6 routes, all within the Canary Islands and possesses […]
After Air Ticino, which has not yet started operations, could Geneva-based start-up La Nova be the solution to a rather poor last decade for the Swiss aviation industry? This year, we saw Swiss start-up Fly Bair begin operations this July, but it’s main route network, which consisted of flights from Swiss capital Bern to different […]
Yesterday, Argentina’s 2nd biggest airline, Austral Lineas Aéreas merged into Argentina’s flag carrier, Aerolinéas Argentinas. The merger process began in the beginning of May this year after having failed in previous years. As a consequence of the merger, a new cargo division of Aerlinéas Argentinas will be created as well as a new third-party maintenance […]
Israeli flag carrier El Al has named its new Chief Executive (CE), Avigal Soreq, the successor of Gonen Usishkin, who is to step down next January. Avigal Soreq is the Chief Operating Officer (CEO) of Delek US Holdings, an American energy firm specialising in petroleum refining and logistics assets. Delek US Holdings is based in […]
Korean flag carrier Korean Air announced during board meetings with its parent company, Hanjin KAL (a South Korean conglomerate that is focused on South Korean shipping and aviation), on Monday, that it is to absorb Asiana Airlines, the 2nd largest airline in South Korea and the 25th largest airline in Asia. The acquisition will create […]
Aircraft 2-BHXG hasn’t had a very long history, but is a good example of the typical lifespan and operator history of an Airbus A340. Delivered to Hong Kong carrier Cathay Pacific in February 1998 after being assembled in Toulouse, France, under the registration number B-HXG (it is an Airbus A340-300), it was amongst Cathay Pacific’s […]
Airbus is to raise its Airbus A320neo production rate from 40 to 47 aircraft a month starting in the 2nd half of next year. The production rate was reduced from 60 due to the negative financial impact of the coronavirus on Airbus. Therefore the 40 Airbus A320neo per month production rate will be kept up […]
Middle East Airlines (MEA, the flag carrier of Lebanon), has recieved the 10’000th Airbus A320 family aircraft. The aircraft, an Airbus A321neo (registered T7-ME3), brings the fleet size to 19 aircraft, all of which are Airbuses. MEA already recieved its first 2 Airbus A321neos in July this year, and they have a configuration of 28 […]
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