Aerospace, automotive and technology

Tag: Economic growth

Boeing, All Nippon Airways Finalize Order for Two 777 Freighters

Amid strong growth in air cargo, carrier adds large 777s to complement medium-sized 767s Order marks the first 777 Freighters to be operated by a Japanese airline Boeing [NYSE:BA] and All Nippon Airways (ANA) announced the Japanese carrier has placed a new order for two 777 Freighters valued at $678 million according to list prices…. Read More ›

Ethiopian Marks Annual Christmas Party Day with Orphans

Ethiopian Airlines colorfully marked orphan children’s Christmas party on December 31, 2016 at its headquarters, providing the children drawn from fourteen humanitarian organizations with giveaway items and entertaining them with lively artistic performances. Present at the celebration were ET management staff, orphan children and parents from fourteen NGO’s, Ethiopian Brand Ambassador, Hanna Godefa and employees… Read More ›

Another Strong Year for Airline Profits in 2017

The International Air Transport Association (IATA) announced that it expects the global airline industry to make a net profit in 2017 of $29.8 billion. On forecast total revenues of $736 billion, that represents a 4.1% net profit margin. This will be the third consecutive year (and the third year in the industry’s history) in which… Read More ›

ICAO Council President inspires COP22 with positive updates on international aviation emissions

ICAO Council President Dr. Olumuyiwa Benard Aliu brought an inspirational message of hope and progress on environmental action to help kick off COP22 in Marrakesh this week, citing the momentum generated by the landmark international aviation emissions mitigation decisions forged this October at ICAO’s 39th Assembly. “The Carbon Offsetting and Reduction Scheme for International Aviation… Read More ›

Boeing, SWISS Confirm Additional Order for 777-300ER

Swiss flag-carrier has ordered its 10th 777, taken delivery of six in 2016 PRNewswire — Boeing [NYSE: BA] and Swiss International Air Lines (SWISS) today confirmed a new order for one 777-300ER (Extended Range), valued at $339.6 million at list prices. The Swiss airline had previously ordered nine 777s and taken delivery of six this year… Read More ›

South African Airways Cargo partners with STAT Trade Times for AIR CARGO AFRICA 2017

South African Airways Cargo (SAA Cargo), the airfreight division of South African Airways, has partnered with the STAT Trade Times publication for the Air Cargo Africa (ACA) 2017 conference and exhibition which will take place in February 2017 in Johannesburg. SAA Cargo accounts for more than 50% of all air freight movements into and within… Read More ›

Building a More Competitive European Aviation Sector – Avoiding Unintended Consequences of Legislation.

The International Air Transport Association (IATA) urged European policymakers to focus aviation efforts on measures to shore-up the competitiveness of Europe’s aviation sector. “Safety and security must always come first. But at this critical time for European economies it is important that policies focus on measures that support economic growth and job creation, enhance competitiveness… Read More ›

Shifting Gears Downward – Slowing Passenger Demand and Shrinking Freight Markets

The International Air Transport Association (IATA) announced traffic results for August. While passenger demand was up 4.5% over the previous August, this represents a significant slowing from the 6.0% recorded in July. The decline in freight markets accelerated. The 3.8% contraction in freight markets recorded in August was more than double the pace of July’s… Read More ›

Member of The Internet Defense League