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Russia seized some 500 leased Boeing and Airbus airliners after invading Ukraine. Western sanctions against Russia have taken a toll on the country's aviation sector — forcing the country to get creative to keep its planes flying. This included closing US, EU, and other allied airspace, preventing planemakers like Boeing and Airbus from sending spare parts to Russia, and stopping countries like Turkey from refueling Russian planes. But, the illegal import schemes are not the only methods keeping Russia's airlines alive. Buying off seized jets using rainy-day moneyAn Aeroflot Boeing 777-300ER parked at the gate at Los Angeles International Airport before the war.
Persons: It's, Vladimir Putin, Denis Kabelev, lessors, Fabrizio Gandolfo, , Igor Chalik, Russia's NWF Organizations: Boeing, Airbus, Russia, Reuters, Aeroflot, S7 Airlines, Aeroflot Boeing, Los Angeles International Airport, Getty, TASS, Wealth Fund, lessors . Leasing, Airlines, Ural Airlines, Aerotime, country's Ministry of Finance Locations: Russia, Ukraine, EU, Turkey, Iran, China, Russia's, Kremlin, lessors, Russian
Airlines report soaring profits amid travel demands
  + stars: | 2023-07-28 | by ( Eva Rothenberg | ) edition.cnn.com   time to read: +3 min
CNN —International airlines have reported significant profits this year, boosted by strong demand for leisure travel – and events, such as the World Cup, which gave Qatar Airlines an enormous lift. On Thursday, International Airlines Group, which includes Aer Lingus and British Airways, announced a record profit of about $1.4 billion for the first half of the year. “Customer demand remains strong across the Group, particularly for leisure travel, with around 80% of passenger revenue for the third quarter already booked. Qatar Airways reported a $1.2 billion profit for the past fiscal year, ascribing its strong performance to December’s FIFA World Cup. In its report, Qatar Airways said that, throughout the 2022 World Cup, the company operated around 140,000 flights to bring more than 1.4 million people to Qatar.
Persons: Luis Gallego, Benjamin Smith, Akbar Al Baker, Michael O’Leary, – CNN’s Mostafa Salem, Pierre Meilhan Organizations: CNN — International, Qatar, International Airlines Group, Aer Lingus, British Airways, KLM Group, Amsterdam Schiphol Airport, Olympic, Paralympic Games, Air, Qatar Airways, KLM, FIFA, Ryanair, Europe’s Locations: AirFrance, Amsterdam, France, Air France, Qatar
The sun’s activity is peaking sooner than expected
  + stars: | 2023-07-14 | by ( Ashley Strickland | ) edition.cnn.com   time to read: +11 min
Every 11 years or so, the sun experiences periods of low and high solar activity, which is associated with the amount of sunspots on its surface. Over the course of a solar cycle, the sun will transition from a calm to an intense and active period. During the peak of activity, called solar maximum, the sun’s magnetic poles flip. A solar activity spikeThe current solar cycle, known as Solar Cycle 25, has been full of activity, more so than expected. The solar storms generated by the sun can affect electric power grids, GPS and aviation, and satellites in low-Earth orbit.
Persons: , Mark Miesch, , Alex Young, ” Miesch, Scott McIntosh, Robert Leamon, Leamon, Miesch, Young, auroras, Bill Murtagh, ” Murtagh, NASA’s Parker, “ We’ve Organizations: CNN, National Oceanic, Prediction, NASA's Solar Dynamics, NASA, SpaceX, Heliophysics, Goddard Space Flight, GPS, National Center for Atmospheric Research, Goddard Planetary Heliophysics, University of Maryland, College Park, American University, Dynamics, Geological Survey, Probe Locations: Boulder , Colorado, Greenbelt , Maryland, Baltimore County, New Mexico , Missouri, North Carolina, California, United States, England, United Kingdom, Alaska, Canada, Iceland, Norway, Scandinavia, Michigan, Upper Midwest, Pacific, Quebec
Comparing airline prices, fees, and schedules on your own has become standard procedure. And they've introduced a complex system of additional fees, often hidden, for services that used to be included in the ticket price. In order to give that flight the appearance of being on-time, the airline might list the flight duration as three hours. This practice allows airlines to improve their on-time performance and reduce the risk of delays while ultimately boosting cost efficiency. Since everyone became their own travel agent and airlines began fiercely competing over price and on-time performance, airlines have shifted their focus.
Persons: They've, Itai, Eugene Orlov, it's, Orlov, Vinayak Deshpande, Mazhar Arıkan, Jan, Van Mieghem, Yuval Salant, Dennis J, Zhang, Louis, Gad Allon, Jerome Fisher Organizations: Google, Airline Industry, Tel Aviv University, Spirit Airlines, Ryanair, University of North, University of Kansas, Northwestern University, Washington University, Jerome Fisher Program, Management, Technology, Wharton School, University of Pennsylvania Locations: Ater, US, Ireland, University of North Carolina, St
Passengers aboard a Delta flight had to disembark using the jet slide Wednesday after their plane landed at Charlotte Douglas International Airport without part of its landing gear extended. An inflatable slide extends from a door of the plane and firefighters appear to be helping passengers disembark on the slide. "While this is a rare occurrence, Delta flight crews train extensively to safely manage through many scenarios and flight 1092 landed safely without reported injuries." Controllers saw that the nose landing gear doors were open, but the gear hadn't descended and the pilots landed the plane without the nose gear. Less than four hours after the landing, Skotarczak, the passenger from Buffalo, was at work, but only with his cellphone and a bottle of water.
Persons: I've, Chris Skotarczak, Charlotte, Skotarczak, Delta, Gregory A, Zahornacky Organizations: Charlotte Douglas International, Associated Press, Boeing, Air Lines, Federal Aviation Administration, National Transportation Safety, Embry, Riddle Aeronautical University, DC Locations: Buffalo , New York, Atlanta, Charlotte, Buffalo, Europe, U.S
United Airlines is hiring over 7,000 aircraft maintenance technicians amid a looming mechanic shortage. Aviation analyst Jonas Murby told Insider companies could address the issue with pay raises and automation. United Airlines is taking a proactive approach to the looming aircraft mechanic shortage. The lack of mechanics is expected to have effects similar to the pilot shortage, which has caused thousands of flight cancelations and forced airlines like American and United to ground regional aircraft. "I recently spoke with aircraft maintenance company Gameco in Guangzhou and they said they automated the entire paint stripping line just because of the mechanic shortage," he told Insider.
Persons: Oliver Wyman, Jonas Murby, Kate Gebo, Gebo, Murby Organizations: Aviation, United Airlines, United, Boeing's, Baby Boomers Locations: Guangzhou
The world's third-largest aircraft maker after Airbus (AIR.PA) and Boeing (BA.N), Embraer bagged 13 fresh orders for commercial jets at the Paris Airshow, falling short of market estimates and previous years' levels. The 13 new orders compared with 74 secured at Le Bourget in 2019 and 28 in Farnborough last year. They also lagged some upbeat market forecasts, including expectations by JPMorgan analysts for at least 30 orders. In Paris, investors were especially disappointed by the lack of orders from the booming Indian airline market, which handled an all-time-high 500-plane transaction to Airbus and new orders to Boeing. "We believe that most of the pre-event excitement has already been adjusted in share prices," said XP Investimentos, while also rates Embraer a "buy."
Persons: Le Bourget, Gabriel Araujo, Conor Humphries, Leslie Adler Organizations: SAO PAULO, Embraer, EMBR3, Airbus, Boeing, Paris, Le, JPMorgan, American Airlines, Royal, Salam Air, Thomson Locations: China, Farnborough, U.S, Paris, Royal Jordanian, New York
United Airlines was once again faring the worst of the American domestic airlines. Republic Airways, which operates short-haul flights for American Airlines, Delta and United, had 17% of its schedule canceled (153 flights) but few delays. More than 40 million people in the Northeast and Central Plains are at risk of severe storms on Tuesday. United CEO blames FAA staffing for “unprecedented” weekend delaysTuesday’s travel troubles are the fourth day in the row of delays and cancellations. The airline canceled 461 flights this past Saturday and Sunday and delayed another 1,972 flights, according to data from flight tracking site FlightAware.
Persons: that’s, John F, Kennedy, Boston’s Logan, , , Scott Kirby, Kirby, ” Kirby, Department of Transportation “, it’s Organizations: New, New York CNN, United Airlines, Republic Airways, American Airlines, Jersey’s Newark Liberty, Storm Prediction, United, Federal Aviation Administration, CNN, FAA, Newark Liberty International Airport, Department of Transportation Locations: New York, United States, Delta, United, LaGuardia, Northeast, Central Plains, Philadelphia, Washington, DC, Kansas, Oklahoma, Wichita, Tulsa, New York , Delaware, Pennsylvania
But if you’re still in your teens or 20s, it’s worth knowing about some of the amazing discounts, experiences and adventures only available to those under 30. From discount air fares to working vacation visas, we’ve rounded up some of the best travel experiences to enjoy while you’re young. “It’s 100% worth using the pass whilst you can get the youth discount,” Landon tells CNN Travel. Thurman absentmindedly Googled working working holiday visas, and to her surprise, realized the scheme “was so straightforward to apply for.”“I realized that the only barrier was me and my decision whether or not to apply,” Thurman recalls. If you’re not enrolled in college but you’re still under 30, the International Youth Travel Card could be an alternative.
Persons: CNN —, you’re, There’s, Kofi Landon, Kofi Landon Kofi Landon, Landon, he’d, Landon reckons, ” Landon, , , Tammy Thurman, don’t, , jetted, Thurman enviously, Thurman absentmindedly, ” “, ” Thurman, Thurman, it’s, she’s, who’s, you’ve, doesn’t, Markus Mainka, Gideon Hagström Lung, He’s, Hagström Lung, Lung Organizations: CNN, EU, Travelers, CNN Travel, Canada, Walt Disney World, Cathay Pacific, Eiffel, SAS, Emirates, Scandinavian Airlines Locations: Europe, Paris, Berlin, Venice, there’s, Prague, Czech Republic, Manchester, Lake Bled, Slovenia, Australia, Tasmania, South Korea, Portugal, Iceland, Canada, France, Ireland, Sydney, London, Melbourne, Emirates, Florence’s Uffizi, Helsinki, Finland, New York City, New York, Stockholm, Copenhagen
Global airlines grasp at the 100% recovery
  + stars: | 2023-06-21 | by ( Thomas Shum | ) www.reuters.com   time to read: +4 min
HONG KONG, June 21 (Reuters Breakingviews) - Global airlines are setting drawn out timelines to a full recovery. Some carriers, particularly in Asia, think they will only fly at or over pre-pandemic capacity levels in 2024 or later. Airlines didn’t rehire quickly enough to support the sudden recovery in demand and are now overpromising and underdelivering. Asian hub carriers like $16.5 billion Singapore Airlines (SIAL.SI) are particularly strained. Singapore Airlines, for example, posted a record net profit of S$2.2 billion ($1.6 billion) for the financial year ended March.
Persons: Britain’s, Una Galani, Pranav Kiran Organizations: Reuters, Qantas Airways, International Air Transport Association, Singapore Airlines, Boeing, Air, Peers, Cathay, HK, Deutsche Lufthansa, Reuters Graphics Reuters, Twitter, IndiGo, Airbus, Air India, Thomson Locations: HONG KONG, Asia, Europe, China, Ukraine, Africa, South America, Air India
Concepts that feel plucked from sci-fi novels and films are quickly making their way into mainstream travel, shaping every step of the journey. Seamus PayneLike air travel, eco-conscious hotels are paving the way for more sustainable travel in the future. HyperloopTTUS entrepreneur Elon Musk has been talking about hyperloop technology – an ultra-high-speed transport system in a low-pressure vacuum tube – for years. Meanwhile, Toronto-based TransPod hopes to bring hyperloop technology to Canada with its eponymous tube-based transportation system powered by renewable energy. By 2025, the company plans to build a 620-mile-per-hour TransPod link between Calgary and Edmonton, connecting the two cities in 45 minutes.
Persons: Elijah Nouvelage, Indira Gandhi, Paris Charles de Gaulle, Austin Farmer, we’ll, don’t, David ”, you’ll, Alexander the Great, ” Michael Breer, KAWS, collectables –, Breer, ” Breer, You’ve, ” Jetson, Peter Ternstrom, Apollo, Cruise, , what’s, Boom’s, , Seamus Payne, room2, Marcel Breuer, Tesla, charades, Yusaku Maezawa, Elon Musk, hyperloop, Virgin Hyperloop, HyperloopTT, Hardt Hyperloop Organizations: CNN, Travel, Hartsfield, Jackson Atlanta International Airport, Bloomberg, Getty, Dubai International Airport, Hong Kong International Airport, Indira, Indira Gandhi International, European Union, Emirates, Dubai International, American Airlines, United, Delta, Bluetooth, Alaska Airlines, Lufthansa, Qatar Airways, Specterras Productions, CNN Travel, VR, Aircraft, Federal Aviation Administration, Baidu, Hyundai, Las, CNN Travel ., Alphabet Inc, Beta, International Civil Aviation Organization, Alice, DHL, Air New, Concorde, Japan Airlines, Bauhaus, CEH Technologies, Origin, SpaceX, International Space, NASA, Galactic, Space Training Academy, Nastar Center, Boring Company, Virgin, Hyperloop Transportation Technologies, China Morning Post, China Aerospace Science, Industry Corporation, European Hyperloop Center Locations: Singapore, Dubai, Tokyo Narita, Tokyo Haneda, Delhi, London Heathrow, Paris, Dutch, Europe, Florence, Palmyra, Machu Picchu, New York, Ehang, China, Boston, Las Vegas, Motional, Phoenix, San Francisco, Los Angeles, North America, Austin, Beijing, Chongqing, Wuhan, Shanghai, Guangzhou, Mexico, Air New Zealand, Denver, New York City, Frankfurt, LA, Sydney, London, New Haven , Connecticut, Hungarian, Norway, Red, Saudi Arabia, Amsterdam, Chicago, Cleveland, Pittsburgh, Shanxi province, Netherlands, Toronto, Canada, Calgary, Edmonton
OTTAWA, June 19 (Reuters) - Canada is investing C$350 million ($265 million) to help fund efforts to make the aerospace industry more environmentally sustainable, Innovation Minister Francois-Philippe Champagne said on Monday. The focus will be on hybrid and alternative propulsion, aircraft systems, the transition to alternative fuels, and aircraft support infrastructure, he said in a statement. "(This) ... will help drive and accelerate the green industrial transformation of Canada's aerospace industry, generating high-value jobs while strengthening supply chains and supporting the transition to a net-zero economy," he said. Aviation, which produces around 2% of the world's emissions, is considered one of the hardest sectors to decarbonise. The C$350 million includes a C$49 million aerospace innovation investment announced in 2019.
Persons: Francois, Philippe Champagne, David Ljunggren, Jonathan Oatis Organizations: OTTAWA, Innovation, Aviation, Airbus, Air, Thomson Locations: Canada, Vancouver
The world’s most eco-conscious airlines
  + stars: | 2023-06-16 | by ( Elissa Garay | ) edition.cnn.com   time to read: +12 min
CNN —Most sustainability experts will scoff at the idea of “sustainable” and “airlines” in the same sentence. In 2022, an Airbus wide-body Beluga XL transport aircraft was filled with Sustainable Aviation Fuel" (SAF) for the first time. WiderøeNorway-based Widerøe, the largest regional airline in Scandinavia, says it is on track to become one of the world’s first fully emissions-free airlines. Alaska AirlinesAlaska Airlines has invested heavily in Sustainable Aviation Fuels (SAF). AaronP/Bauer-Griffin/GC Images/Getty ImagesWhile most major global airlines are targeting 2050 for net-zero carbon emissions, Alaska Airlines intends to meet that target as soon as 2040.
Persons: , Pedro Piris, Sola Zheng, Sina Schuldt, Nicolas Jammes, ” Akbar Al Baker, , Zheng, , that’s, it’s, Beata Zawrzel, Fabrizio Gandolfo, Nicolas Economou, Bauer, Griffin, It’s Organizations: CNN, Environmental Defense Fund, International Council, Clean Transportation, Commercial, International Air Transport Association, UN, Airbus, Beluga XL, Sustainable Aviation, Qatar Airways, SAF, European Union, Google, Environmental Defense, Airlines, United Airlines United, Aerospace, United, Flight Fund, Widerøe Norway, Widerøe, Royce, SAS SAS, Scandinavian, SAS, Wizz, Wizz Air, Etihad Airways Etihad, Getty, Etihad Airways, United Arab Emirates, Boeing, Etihad, Alaska Airlines Alaska Airlines, Aviation Fuels, AaronP, Alaska Airlines, Air Canada Canadian, Air Canada Locations: Europe, Denmark, Sweden, ICCT, Scandinavia, Norway, Canada
From now on, staff – including cabin crew members – can have long hair (provided it’s worn in a low bun or ponytail), wear makeup or not wear makeup as they choose, wear glasses instead of contact lenses (provided they have clear lenses) and sport flat shoes. Crew members who opt to wear dresses or skirts will be required to wear hosiery. And while it’s okay for crew members to have tattoos, they must cover up their ink while working. The airline also introduced an option for crew members to include their pronouns on their name tags. In 2022, British Airways announced it would allow all cabin crew members to sport makeup, face stubble, piercings, jewelry and nail polish alongside their uniforms.
Persons: , , “ We’re, Vivienne Westwood Organizations: Australian, Qantas, Jetstar, Virgin Atlantic, Virgin, British Airways, CNN
REUTERS/Kevin LamarqueWASHINGTON, June 8 (Reuters) - The Biden administration has submitted draft legislation to Congress that would mandate airlines pay cash compensation for delays of three hours or more when carriers are responsible. Biden in May said the administration was writing new rules to require airlines to compensate passengers with cash for significant flight delays, but legislation from Congress would significantly bolster the administration's legal authority. The Biden administration also wants Congress to write new rules to require transparency for baggage and other ancillary fees when booking a ticket. Most carriers voluntarily committed last August to provide hotels or meals but resisted providing cash compensation for delays. The administration also wants Congress to mandate an increase to the recording time of cockpit voice recorders from the currently 2-hour loop to a proposed 25-hour loop for all future manufactured aircraft.
Persons: Ronald Reagan, Kevin Lamarque WASHINGTON, Biden, May, USDOT, David Shepardson, Leslie Adler, Stephen Coates Organizations: Ronald Reagan Washington National Airport, REUTERS, Reuters, Federal Aviation Administration, FAA, Transportation Department, European Union, Thomson Locations: Ronald, Ronald Reagan Washington, Arlington , Virginia, U.S
ISTANBUL, June 6 (Reuters) - Global airlines called on Tuesday for broad co-operation to reach "very tough" emission targets and pledged to release interim climate targets next year as the industry aims for a goal of net-zero by 2050. Airlines are relying for 62% of their emissions reduction target on the fuel, which is currently between two to four times more expensive than kerosene. Walsh said airlines were not afraid to confront the fact that their share of total emissions will rise as other industries with fewer technological hurdles decarbonise. "Different parts of the world are moving at different paces and for us, representing global airlines, we've got to factor all of that into account." One thing airlines agreed on was frustration at aircraft delays, which have disrupted their schedules, with CEOs asking IATA to lobby planemakers.
Persons: Willie Walsh, Walsh, Jo Dardenne, Tim Clark, Clark, we've, Joanna Plucinska, Tim Hepher, Andrew Heavens, Sriraj Kalluvila, Alexander Smith Organizations: Aviation, International Air Transport Association, Sustainable Aviation Fuel, SAF, Transport, Environment, Dubai's Emirates, Reuters, Thomson Locations: ISTANBUL, Istanbul, planemakers, United States, Dubai
Emirates looks at placing new order for long-haul jets
  + stars: | 2023-06-06 | by ( ) www.reuters.com   time to read: +1 min
ISTANBUL, June 6 (Reuters) - Emirates President Tim Clark said on Tuesday the airline may order more Airbus A350, Boeing 777X or 787 jets as the Dubai-based carrier looks ahead to demand through the 2030s. "We are looking at both more A350s, more 777-9 and possibly the 787 range," Tim Clark told reporters on the sidelines of a global airlines meeting. "All I will say is that we are looking at buying a number of extra aircraft," he said. The Boeing 777X is a planned family of two large twin-engined aircraft including the 400-seat 777-9 and smaller 777-8. Emirates reduced its order for 150 777X to 126 jets as part of a deal that saw the airline order 30 787 Dreamliners in 2019.
Persons: Tim Clark, Clark, Tim Hepher, Dominique Vidalon, Jason Neely Organizations: Emirates, Boeing, Thomson Locations: ISTANBUL, Dubai, Istanbul
But Main Street isn’t listening. New data from TD Ameritrade shows that retail investors shrugged off US debt ceiling uncertainty and recessionary fears last month as they increased their exposure to markets. That index aggregates Main Street investor positions and activity to measure how they’re positioned in the market. Retail investors also piled out of AI and tech stocks as the sectors surged in May, opting instead to put their money into riskier bets. But these trades are risky and while an institutional investor might lose their job for making a big mistake, a Main Street trader could lose their shirt.
Persons: New York CNN — “, recessionary, Dow, they’ve, Alex Coffey, Ameritrade, , , Coffey, Binance, Changpeng Zhao, Zhao, Gary Gensler, Hanna Ziady, Willie Walsh, ” Walsh, Walsh Organizations: CNN Business, Bell, New York CNN, Federal Reserve, First Republic Bank, Nasdaq, Research, CNN, PayPal, Disney, Coffey Retail, US Securities and Exchange Commission, SEC, Global, International Air Transport Association, Airlines Locations: New York, USA, bro
KKR to take machinery maker Circor private in $1.6-bln deal
  + stars: | 2023-06-05 | by ( ) www.reuters.com   time to read: +1 min
June 5 (Reuters) - KKR & Co Inc (KKR.N) said on Monday it will buy industrial machinery maker Circor International Inc (CIR.N) in a $1.6-billion deal and take it private, as the private equity firm looks to double down on investments in the flow-control market. Flow-control products help manage and control liquids and gases using equipment or services such as pumps, valves, compressors and meters. Circor, which has about 3,100 employees, makes pump and valve systems for sectors including oil and gas, industrial, aerospace and defense. "KKR will help us expand our presence in the flow-control space," Circor's Chief Executive Officer Tony Najjar said. Evercore, J.P. Morgan Securities LLC and Ropes & Gray LLP advised Circor, while Citi and Kirkland & Ellis LLP were KKR's advisers.
Persons: Tony Najjar, Gray, Circor, Ellis, Nathan Gomes, Priyamvada, Savio D'Souza, Shinjini, Shounak Organizations: KKR, Co Inc, Circor, U.S . Department of Defense, Street Journal, Morgan Securities LLC, Ropes, Gray LLP, Citi, Kirkland, Ellis LLP, Thomson Locations: J.P, Bengaluru
ISTANBUL, June 5 (Reuters) - The United States is in a "business recession" but the consumer is "strong", Scott Kirby, chief executive of United Airlines (UAL.O), the world's largest carrier, told reporters at an aviation conference in Istanbul on Monday. Business demand hasn't fully recovered yet ... that's taking more time," he said. I think actually, in the U.S., we're in a business recession, and the consumer is just fine, the consumer is strong." The chief of the world's biggest airline also raised concerns over competing carriers flying over Russia. However, newly approved flights for Chinese airlines are avoiding flying over Russian airspace to and from the United States, Reuters reported on June 1.
Persons: Scott Kirby, Kirby, We're, Aditi Shah, Jason Neely Organizations: United Airlines, International Air Transport Association, world's, U.S, Air, Reuters, Thomson Locations: ISTANBUL, United States, Istanbul, U.S, Russia, Washington, Moscow, Ukraine, India, Air India
ISTANBUL, June 5 (Reuters) - Global airlines more than doubled their 2023 industry profit forecast to $9.8 billion from $4.7 billion on Monday cheered by strong travel demand as the sector recovers from the COVID-19 pandemic. "The pandemic years are behind us and borders are open as normal," Director General Willie Walsh told the annual meeting of the International Air Transport Association (IATA). Global airlines have in recent months reported strong results as they prepare for a busy summer season, with travel demand showing no sign of flagging despite peaking inflation. Revenue levels for 2023 are also inching closer to pre-pandemic levels, climbing to an expected $803 billion versus $838 billion in 2019. And they will continue to do so through this year," Walsh told Reuters in an interview separately.
Persons: Willie Walsh, Walsh, " Walsh, Joanna Plucinska, Aditi Shah, Tim Hepher, Jason Neely Organizations: Global, International Air Transport Association, . Global, Reuters, Airlines, Schiphol Airport, Schiphol, Thomson Locations: ISTANBUL, Netherlands, South Africa
[1/2] An Air France aircraft, operated with sustainable aviation fuel (SAF) produced by TotalEnergies, is refueled before its first flight from Nice to Paris at Nice airport, France, October 1, 2021. REUTERS/Eric Gaillard/File PhotoISTANBUL, June 5 (Reuters) - Airlines took aim at Europe over green fuel mandates and its failures to stem France's air traffic control strikes as they weigh on carrier capacities at a global airlines meeting in Istanbul on Monday. In 2021, the body released its strategy to achieve net-zero carbon emissions by 2050, including a progressive increase in sustainable aviation fuel use. A global approach to book and claim for SAF credits will help facilitate economies of scale in SAF production," he said. FRAGMENTATIONHowever, IATA said the EU's approach could cause more fragmentation by forcing airlines to buy SAF in Europe, ultimately hampering a harmonized global approach and sowing confusion.
Persons: Eric Gaillard, Willie Walsh, Walsh, Marie Owen Thomsen, Joanna Plucinska, David Evans Organizations: Air France, REUTERS, Airlines, EU, SAF, Air Transport Association, Officials, Chicago Convention, Activists, Thomson Locations: Nice, France, ISTANBUL, Europe, Istanbul, United States, COVID
IATA on Monday more than doubled its 2023 profit forecast for the global airline industry despite a looming economic downturn. Airlines are expected to make $9.8 billion in net profit in 2023, up from a December forecast of $4.7 billion. The industry’s main lobby group expects 4.35 billion people to travel by air this year, not far off the 4.54 billion passengers who flew in 2019. The figures mark a significant turnaround for the airline industry, which carried just 1.8 billion passengers in 2020 because of the coronavirus pandemic, at a loss of $76 per traveler. From that nadir, air travel has rebounded even as high inflation and rising interest rates weigh on spending by businesses and consumers in other areas.
Persons: Willie Walsh, ” Walsh, Walsh, , CNN’s Richard Quest, we’re, ” — Gayle Harrington Organizations: London CNN — Global, International Air Transport Association Locations: Istanbul,
One man's remains were accidentally left on a plane at Dublin Airport and flown back to Greece. An Irishman who passed away in Greece was transported by plane to Dublin Airport but an unloading mistake resulted in his coffin being flown all the way back to Greece, Irish newspaper the Sunday Independent reported. On May 22, the man's remains were transported in a coffin on an Aegean Airline plane from Athens International Airport to Dublin Airport where his family had been waiting for him with a hearse, per the Sunday Independent. However, due to a "misload," the coffin wasn't spotted by grounds service and thus never unloaded from the plane, the newspaper wrote. Swissport, the company responsible for ground handling at Dublin Airport, reportedly resolved the situation by arranging for the man's body to be returned on another flight the next day, the newspaper wrote.
Persons: Swissport Organizations: Dublin Airport, Morning, Irish, Sunday Independent, Athens International, Swissport, Aegean Airlines, Twitter, Skytrax Locations: Greece, Athens, Aegean, Europe
Airlines body urges jetmakers to fix aircraft delivery delays
  + stars: | 2023-06-04 | by ( ) www.reuters.com   time to read: +1 min
Airlines "are not concerned about the macroeconomic environment, they're concerned about the access to spare parts for their existing aircraft and the delivery of new aircraft. "It's frustrating because airlines can see strong demand, but they're not able to match supply with demand in many markets. Airbus (AIR.PA) and Boeing (BA.N) have blamed supply chains for delivery delays, while bottlenecks in a network of engine repair shops have also forced airlines to ground dozens of jets. The gathering comes two weeks before the Paris Airshow, where supply pressures are likely to overshadow new orders. Reporting by Tim Hepher, Joanna Plucinska and Aditi Shah; Editing by David HolmesOur Standards: The Thomson Reuters Trust Principles.
Persons: Adolfo Suarez, Isabel Infantes, Willie Walsh, it's, they're, Tim Hepher, Joanna Plucinska, Aditi Shah, David Holmes Organizations: Ryanair Boeing, Airbus, Adolfo Suarez Madrid, Barajas Airport, REUTERS, International Air Transport Association, Reuters, Boeing, Thomson Locations: Madrid, Spain, Isabel Infantes ISTANBUL, Istanbul, Airlines, Paris
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