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So far Jeff Peet has created 12955 blog entries.

ATR Achieves Robust Growth in 2023

Source: ATR Sales and deliveries surge by 53% and 44% respectively vs 2022 Record year for support and services – 15% increase vs 2022 11 new customers of both new and pre-owned aircraft 160 new routes opened with ATR aircraft worldwide ATR, the world’s leading regional aircraft manufacturer, today announced its 2023 annual results, highlighting a robust growth through increased deliveries and sales, strong performance of support and services, acquisition of new customers and route creation. ATR delivered 36 aircraft in 2023, a 44% increase from 2022. This reflects a positive momentum, while the year was still beset by lingering supply chain disruptions, with raw material and component shortages slowing down the manufacturer’s ambition to ramp up. With 40 new [...]

2024-02-14T19:49:25+02:00February 14th, 2024|MANUFACTURERS, News|
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Top 20 markets for air travel demand forecast according to latest ACI World data

Source: ACI World ACI World releases its flagship World Airport Traffic Forecasts 2023–2052 Airports Council International (ACI) World today releases the annual World Airport Traffic Forecasts (WATF) 2023­–2052 dataset, showing the Top 20 markets for air travel demand among other key air traffic findings. The latest WATF extends its horizon by an impressive 10 years, offering a comprehensive 30-year perspective on airport traffic forecasts at global, regional, and country levels. The flagship resource covers data sourced from 141 countries, introducing 29 new countries, to provide granular forecasts for passengers, air cargo volumes (in metric tonnes) and aircraft movements. ACI World Director General Luis Felipe de Oliveira said: "The projections indicate that global passenger traffic is set to reach 9.7 billion by [...]

2024-02-14T20:00:55+02:00February 14th, 2024|AIRPORTS, News|
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ATR discloses environmental impact through CDP Climate Change for the first time

Source: ATR Leading regional aircraft manufacturer further strengthens commitment to lower environmental footprint ATR, the world’s leading regional aircraft manufacturer, received a B-score from CDP Climate Change – formerly ‘Carbon Disclosure Project’ – after disclosing its environmental impact for the first time, hereby joining global efforts towards environmental transparency. Annual CDP scores are considered the global benchmark underlining the maturity and robustness of companies’ actions to lower and mitigate the impact of their activities on the environment and climate change. ATR’s data joins the most comprehensive inventory of self-reported environmental data in the world, helping drive action against climate change through greater transparency. CDP’s scores ranging from A to F are attributed on the basis of the exhaustiveness of the [...]

2024-02-13T19:38:43+02:00February 13th, 2024|MANUFACTURERS, News|
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WestJet Group refinances majority of existing term loan facility secured by WestJet Rewards loyalty program and WestJet’s brand

Source: WestJet WestJet Group Inc. announced that it extended the maturity of the substantial majority of its term loan borrowings to 2031. WestJet did so by entering into a new secured term loan facility, capitalizing on its ratings upgrade and its strong financial performance, which exceed its pre-COVID earnings. "We are very pleased with this innovative structure, secured by our loyalty program and brand," said WestJet Group Chief Financial Officer Mike Scott. "This opportunistic refinancing transaction enhances our financial flexibility and was oversubscribed, which is reflective of the strength of the WestJet Rewards Loyalty program and the WestJet brand." WestJet's liquidity is in excess of $2 billion and its pro forma adjusted net leverage ratio at year-end 2023 was approximately [...]

2024-02-13T19:36:36+02:00February 13th, 2024|AIRLINES, News|
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Frontier Airlines Adds Another 6 Destinations from Cincinnati/Northern Kentucky International Airport; Summer Daily Departures to Increase 57% Versus a Year Ago

Source: Frontier Airlines Major Fare Sale on All Routes from CVG; Fares and Premium Seat Upgrades Starting at $19 Ultra-low fare carrier Frontier Airlines (NASDAQ: ULCC) will begin nonstop service from Cincinnati/Northern Kentucky International Airport (CVG) to six additional destinations in May of 2024. These routes are in addition to service announced last month from CVG to Minneapolis-Saint Paul and New York LaGuardia. With the new routes, Frontier will serve a total of 20 destinations from CVG, increasing average peak summer daily departures by 57 percent versus a year ago. To celebrate, America's Greenest Airline is offering fares as low as $19* and Premium Seat Upgrades starting at $19** on all routes operating from CVG. "From New England to Florida, [...]

2024-02-13T19:33:50+02:00February 13th, 2024|AIRLINES, News|
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Foerever and Airways: British Airways reveals Valentine’s themed treats and limited-time offer

Source: British Airways British Airways is bringing romance to the skies this Valentine’s Day with love-themed desserts, complimentary heart chocolates, hours of rom-coms available through the airline’s ‘Love is in the air’ inflight entertainment category, as well as romantic gift ideas from its High Life Shop. In addition British Airways Holidays has launched a range of city break offers from £142pp to celebrate the most romantic date of the year (the 14th day of the second month). Customers can choose from a range of options including Paris, Copenhagen, Dublin, Turin, Edinburgh, Nice, Prague, Stockholm, and Verona*. Whether flying short-haul or long-haul, every customer travelling on 14 February from Heathrow and Gatwick will feel the love with a complimentary heart shaped chocolate upon boarding. Customers in [...]

2024-02-13T19:42:09+02:00February 13th, 2024|AIRLINES, News|
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Boeing Commits to Partnership with the Invictus Games Vancouver Whistler 2025 and the Invictus Games Foundation Through 2026

Source: Boeing Boeing to serve as Global Presenting Partner of Invictus Games Vancouver Whistler 2025 alongside Canadian company ATCO Providing funding directly to Invictus Games Foundation's sport recovery programs for international wounded, injured and sick service personnel and veterans around the world Boeing announced a multi-year commitment to the Invictus Games Vancouver Whistler 2025 and the Invictus Games Foundation to support wounded, injured and sick servicemen and women around the world. In addition to sponsoring the first Invictus winter hybrid games, Boeing will invest in the Invictus Games Foundation, the charity that governs the delivery of the Invictus Games, to support its extensive mental health and physical recovery resources and programs. "Current and former servicemen and women play a vital [...]

2024-02-13T19:45:17+02:00February 13th, 2024|MANUFACTURERS, News|
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ACI-LAC Welcomes Transoft Solutions as a New World Business Partner

Source: ACI-LAC Airports Council International - Latin America and the Caribbean - ACI-LAC proudly announces its newest member, Transoft Solutions, a leading global provider of cutting-edge software solutions for the aviation industry. Airports Council International - Latin America and the Caribbean - ACI-LAC proudly announces its newest member, Transoft Solutions, a leading global provider of cutting-edge software solutions for the aviation industry. With a commitment to revolutionizing the aviation landscape, Transoft Solutions offers a comprehensive suite of state-of-the-art software designed to address the diverse needs of airport professionals worldwide. The company specializes in delivering top-tier solutions for airport and airspace modeling, airside planning and operations, obstacle limitation compliance, terminal simulation, and more. Dr. Rafael Echevarne, Director General of ACI-LAC, expressed [...]

2024-02-13T21:46:16+02:00February 6th, 2024|News, ORGANISATIONS|
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oneworld reaches a 25-year milestone, having flown nearly nine billion customers since 1999

Source: oneworld The oneworld® alliance today celebrates 25 years of delivering an exceptional and seamless travel experience to its customers worldwide, with a member airline flight taking off or landing somewhere in the world every six seconds, 24 hours a day, seven days a week. Since 1999, the alliance has flown nearly nine billion customers on its member airlines, connecting them with friends, loved ones and different cultures around the globe. Launched on 1 February 1999 by its founding members American Airlines, British Airways, Cathay Pacific, and Qantas, the alliance was formed to increase connectivity and flexibility for passengers and to reward frequent flyer customers with special benefits and privileges. Since then, oneworld has grown to include 13 of the [...]

2024-02-13T21:37:41+02:00February 1st, 2024|AIRLINES, News|
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Do we need to see connectivity as lost to understand its importance?

By José Ricardo Botelho In the current scenario, the Brazilian aviation industry is sending clear signals that it needs oxygen to ensure its viability. In this huge country, the sector faces significant adversities that transcend a single company, covering fundamental issues that affect not only established airlines, but also those wishing to enter the market and the population itself. From 2010 to 2022, Brazilian carriers accumulated a significant loss of R billion, with just three years of net profit (2010, 2017 and 2019). According to the National Civil Aviation Agency - ANAC - figures from January to September 2023 show a loss of R.5 billion. We are facing a reality that demands immediate action to avoid an outcome that has [...]

2024-02-13T22:37:37+02:00January 31st, 2024|Expert Opinions & Industry Trends|
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