in Business & Finance Posted 19 March 2021
In 4Q20 Embraer delivered 28 commercial jets and 43 executive jets (23 light jets and 20 large jets), for a total of 44 commercial and 86 executive aircraft (56 light jets and 30 large jets) delivered in 2020.
in Business & Finance Posted 11 March 2021
AFRAA’s Secretary General, Abdérahmane Berthé and Ethiopian Airlines Group CEO, Tewode Gembremariam, accompanied by their respective leadership teams held a consultative meeting at Ethiopian Airlines headquarters in Addis
in Business & Finance Posted 3 March 2021
The Economic Commission for Africa (ECA) and the African Airlines Association (AFRAA) have published a report on the financial impact of COVID-19 pandemic on African airlines and insights for the
in Business & Finance Posted 27 January 2021
The Boeing Company has reported fourth-quarter revenue of $15.3 billion, reflecting lower commercial deliveries and services volume primarily due to COVID-19 as well as 787 production issues, partially offset by a lower 737 MAX
in Business & Finance Posted 27 January 2021
Aircraft Lightning Protection Market size valued at USD 3.09 billion in 2019 and will grow at a CAGR of 3.1% from 2020 to 2026. Favorable trends associated with the tourism sector will propel the industry growth, this is
in Business & Finance Posted 27 January 2021
U.S lawyers for Ethiopian Airlines have advised the carrier not to accept a settlement Boeing has offered regarding the fatal crash of a Boeing 737 MAX in 2019 seeing 157 people lose their lives, but
in Business & Finance Posted 18 January 2021
Airbus delivered 566 commercial aircraft to 87 customers in 2020, in line with the production adaptation plan set out in April 2020 in response to the COVID-19 pandemic.
in Business & Finance Posted 11 January 2021
Hi-Fly Marketing has launched Africa’s first dedicated aviation industry personnel agency, Hi-Fly Talent & Resourcing, to match airlines, aircraft maintenance providers and other aviation
in Business & Finance Posted 16 December 2020
Airlink Ltd has noted with disappointment but respect, the South Africa Supreme Court of Appeal’s decision to dismiss its claim against South African Airways (SAA) with costs.
in Business & Finance Posted 9 November 2020
Nigeria’s government has approved a USD10.3 million bailout for domestic airlines following the adverse effects of Covid-19.
in Business & Finance Posted 3 November 2020
Air Namibia has received another postponement of liquidation after the Namibian High Court re-slated the case until December 1 based on a legal technicality.
in Business & Finance Posted 2 November 2020
Comair’s business rescue process navigated past two important milestones this week as the investors secured the required credit approval from various lenders of debt funding, as well as approval from various regulators necessary for their investment in Comair to
in Business & Finance Posted 27 October 2020
The CEO of IATA Alexander de Juniac said in a media briefing today that for airlines to survive, they will need to bring costs in line with revenues.
in Business & Finance Posted 6 October 2020
IATA’s CEO Alexandre de Juniac said during this week’s media briefing that airlines continue to burn through cash.
in Business & Finance Posted 29 September 2020
Mango Airlines, South Africa's state-owned low-cost carrier, entire fleet is still grounded after South African Airways Technical (SAAT) withdrew its maintenance services over non-repayment.
in Business & Finance Posted 23 September 2020
Air Namibia has said it is negotiating a state bailout after it reportedly requires USD11.6 million to restart the airline due to the Covid-19 pandemic.
in Business & Finance Posted 27 August 2020
Rolls-Royce has announced its half-year financial results for 2020.
in Air Transport / Business & Finance Posted 19 August 2020
Low-cost carrier Fastjet is to de-list from the AIM market and will re-register as a private company in a last-ditch bid to survive.
in Business & Finance Posted 11 August 2020
South Africa’s Comair, which operates a British Airways franchise and the Kulula Air has raised short-term financing to help the firm through the coming weeks.
in Business & Finance Posted 4 August 2020
A group of South African Express employees have engaged an equity funding platform, Uprise Africa, to assist in raising the capital needed to save SA Express.
in Business & Finance Posted 28 July 2020
Around 850 Royal Air Maroc (RAM) staff, including pilots, are facing redundancy as the airlines has continued to struggle during Covid-19 and look to a recovery plan.
in Business & Finance Posted 28 July 2020
South Africa’s Comair, the operator of Kulula and British Airways flights in SA, is facing possible termination and liquidation of its business as lenders refuse to provide it R226m ((USD13.65 million).
in Defence / Business Aviation / Business & Finance Posted 24 July 2020
"Our strategy remains unchanged" - despite the effects of the crisis - "which are likely to be long-lasting as numerous economic sectors are impacted", announced Dassault Aviation CEO, Eric Trappier
in Business & Finance Posted 24 July 2020
Qatar Airways Group has launched four international investment arbitrations against which includes Egypt.
in Business & Finance Posted 24 July 2020
Bloomburg has reported that creditors of South African Airways have given the government more time to find the money to fund a rescue of the bankrupt state-owned airline.
in Business & Finance Posted 14 July 2020
South African Airlines (SAA) is on track for a relaunch after creditors of loss-making national carrier have approved a rescue plan on which requires at least $596 million in new funding – which now falls on the South African government to turnaround.
in Business & Finance Posted 9 July 2020
Air Namibia has released a statement informing the flying public that the decision by the Transport Commission of Namibia to suspend Air Namibia’s Air Service License was overturned by the High Court of Namibia on the evening of 8 July 2020.
in Business & Finance Posted 8 July 2020
Following the impact of Covid-19 struggling airline Kenya Airways has announced plans to lay off an uncertain but significant number of employees.
in Business & Finance Posted 30 June 2020
Comair’s creditors have granted its business rescue practitioners an extension to publish the business rescue plan after an interested investor group requested more time to progress its offer.
in Business & Finance Posted 12 June 2020
Following the news that Bombardier is planning to cut 600 jobs at its Belfast facility manufacturing A220 wings. Nicolas Jouan, Aerospace and Defence Analyst at GlobalData offers his view on
in Business & Finance Posted 10 June 2020
The International Air Transport Association (IATA) has released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1%.
in Business & Finance / Features Posted 29 May 2020
One of the challenges for African airlines is gaining access to suitable aircraft. Now, as Victoria Moores reports, leasing-support company, Six West, has an idea that could help.
in Air Transport / Defence / Business & Finance Posted 20 May 2020
Rolls-Royce announced this morning that it will lose up to 9,000 jobs as it addresses the change in demand following the collapse of the aviation industry due to Covid-19
in Business & Finance Posted 19 May 2020
Comair’s business rescue practitioners have held the first formal meetings with creditors and employees after the company entered business rescue on 5 May.
in Business & Finance Posted 18 May 2020
Air Austral has obtained a €86 million loan from government and shareholders to face the Covid-19 crisis, and resume its operations. Anuradha Deenapanray and Vincent Chappard report.
in Business & Finance Posted 13 May 2020
Rolls-Royce continues to ensure support for its global customer base by offering immersive Virtual Reality technology for customer training.
in Business & Finance Posted 6 May 2020
Following the announcement by General Electric Aviation’s chief executive David Joyce on the company’s upcoming staff reductions; Vera Lin, Aerospace and Defence Analyst at GlobalData, offers her view on the company’s decision.
in Business & Finance Posted 4 May 2020
South Africa's Comair is in "a very difficult financial position" due to coronavirus-related travel restrictions and does not anticipate being able to resume flights until October or November, the carrier has said.
in Business & Finance Posted 30 April 2020
Airports Council International (ACI) World and the International Air Transport Association (IATA) have today come together to call for governments to quickly grant financial relief to assist
in Business & Finance Posted 30 April 2020
Boeing President and CEO Dave Calhoun has issued a letter to Boeing employees addressing aerospace market realities.
in Business & Finance Posted 29 April 2020
Airbus has reported consolidated financial results for its first quarter (Q1) ended 31 March 2020.
in Air Transport / Business & Finance Posted 25 April 2020
Boeing has pulled out of its $4.2 partnership deal with Embraer which was planned to give the American manufacturer a bigger stake in the narrowbody regional jet market and develop new markets for the C-390 Millennium medium airlift and air
in Business & Finance Posted 20 April 2020
Data acquired by Learnbonds.com shows that the paid ad impressions for the airline industry during the 15th week of this year dropped by 99% compared to a similar period in 2019.
in Business & Finance Posted 14 April 2020
The International Air Transport Association (IATA) has released updated analysis showing that the COVID-19 crisis will see airline passenger revenues drop by $314 billion in 2020, a 55% decline compared to 2019.
in Business & Finance Posted 8 April 2020
This is the time for operators to reflect and prepare for the post Covid-19 world, writes John Cauthen, aviation security director for MedAire and a member of the NBAA Security council.
in Business & Finance Posted 7 April 2020
The International Air Transport Association has released new analysis showing that some 25 million jobs are at risk of disappearing with plummeting demand for air travel amid the COVID-19 crisis, of which, 2.0 million jobs are at risk in
in Business & Finance Posted 5 April 2020
United Technology’s (UTC) and Raytheon completed their merger on April 3, forming one of the world’s largest aerospace and defence companies in a $135 billion deal.
in Business & Finance Posted 1 April 2020
OneWeb, a communications company, announced today that the company and certain of its controlled affiliates have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for
in Business & Finance Posted 23 March 2020
Airbus has announced measures to bolster its liquidity and balance sheet in response to the COVID-19 pandemic as it continues to assess the ongoing situation and the impact on its business, customers, suppliers and
in Business & Finance Posted 17 March 2020
For the first time in years, Boeing’s gross aircraft orders for 2019 slumped to an all-time low fuelled by a drop in orders for the 737 model. Data gathered by Learnbonds.com indicates that the gross orders declined from 1,090 recorded in 2018 to 246 for
in Business & Finance Posted 16 March 2020
The Covid-19 pandemic and disease-containment measures by governments, most drastically the US ban on flights from most of Europe, will shake up the aviation finance sector as airlines struggle to
in Business & Finance Posted 26 February 2020
South African airline Comair Limited has reported a headline loss of R564 million in its interim results for the six months ending on 31 December 2019.
in Business & Finance Posted 18 February 2020
Boeing has announced it has dedicated the remaining $50 million of a previously announced $100 million fund to support humanitarian needs in communities affected by the Lion Air Flight 610 and Ethiopian
in Business & Finance Posted 14 February 2020
High aircraft values and low lease-rate factors which do not reflect the commercial and operating risks facing airlines leave the aviation finance industry in a vulnerable state in 2020, said Scope Ratings.
in Business & Finance Posted 10 February 2020
The joint Business Rescue Practitioners (BRPs) of South African Airways (SAA) has announced further initiatives to support the airline’s transformation into a sustainable and profitable business.
in Business & Finance Posted 29 January 2020
The Boeing Company has reported fourth-quarter revenue of $17.9 billion, GAAP loss per share of ($1.79) and core loss per share (non-GAAP) of ($2.33), primarily reflecting the impacts of the 737 MAX grounding.
in Business & Finance Posted 29 January 2020
The business rescue practitioners of South African Airways SOC (the Practitioners), supported by the Departments of Public Enterprises (DPE) and National Treasury (NT), have been successful in obtaining the balance of the post
in Business & Finance Posted 15 January 2020
The Boeing Company has announced deliveries across its commercial and defence operations for the fourth quarter of 2019.
in Business & Finance Posted 13 January 2020
Airbus delivered 863 commercial aircraft to 99 customers in 2019, outpacing its previous output record set in 2018 by eight percent. In the 17th yearly production increase in a row, Airbus progressed on the transition to all
in Business & Finance Posted 11 December 2019
ACC Aviation Group has announced the opening of a new regional office in Addis Ababa.
in Business & Finance / Features Posted 3 December 2019
African airlines, facing an increasing problem of fraud, are seeking new payment methods to try to cut down on their financial losses. Alan Dron reports.
in Business & Finance Posted 29 October 2019
Leading African Payment Service Provider DPO Group, which operates across 18 African countries, has analysed 10 years of its airline merchant payment transaction data to reveal
in Business & Finance / Features Posted 22 August 2019
For several years the African Development Bank (AfDB) has been supporting commercial aviation in Africa and the organisation’s chief aviation officer, Romain Ekoto, has been explaining about current projects and his vision for the future.
in Business & Finance Posted 14 August 2019
Embraer delivered 26 commercial and 25 executive (19 light and 6 large) jets during 2Q19, compared to 28 commercial jets and 20 executive (15 light and 5 large) jets in 2Q18.
in Business & Finance Posted 1 August 2019
Airbus has reported half-year (H1) 2019 consolidated financial results and maintained its guidance for the full-year.
in Business & Finance Posted 31 July 2019
South African based Denel has initiated several forensic investigations into alleged fraud and misappropriation of funds conducted by its previous management, and this will soon result in legal actions to recover losses.
in Business & Finance Posted 30 July 2019
Embraer delivered a total of 51 jets in the second quarter of 2019 (2Q19), of which 26 were commercial aircraft and 25 were executive jets (19 light and 6 large).
in Business & Finance Posted 24 July 2019
A French delegation led by French Minister of economy and finance, Bruno Le Maire, visited Ethiopian Airlines this week.
in Business & Finance Posted 17 June 2019
Boeing includes $215 billion Africa forecast in its $8,7 trillion aerospace and Defense market outlook through 2028.
in Business & Finance Posted 4 June 2019
The International Air Transport Association (IATA) announced a downgrade of its 2019 outlook for the global air transport industry to a $28 billion profit (from $35.5 billion forecast in
in Business & Finance Posted 29 April 2019
The Boeing Company reported first-quarter revenue of $22.9 billion, GAAP earnings per share of $3.75 and core earnings per share (non-GAAP) of $3.16, reflecting lower 737 deliveries partially offset by higher defence and services volume.
in Business & Finance Posted 14 March 2019
During 4Q18, Embraer delivered 33 commercial and 36 executive aircraft (24 light jets and 12 large jets), for a total of 90 commercial and 91 executive aircraft (64 light and 27 large).
in Business & Finance Posted 5 March 2019
Éric Trappier, chairman and CEO of Dassault Aviation has presented the financial report for 2018 together with the main guidance for 2019.
in Business & Finance / Airports Posted 28 February 2019
The UK's International Trade Secretary Dr Liam Fox has announced that UK Export Finance (UKEF) will provide £130 million to support three projects in Ghana, including the development of Tamale Airport.
in Business & Finance Posted 25 February 2019
As Airbus decides to terminate A380 production, IBA asks what the future holds for airlines and investors.
in Business & Finance Posted 18 February 2019
Airbus SE has reported a strong Full-Year 2018 consolidated financial results and delivered on its guidance for all key performance indicators.
in Business & Finance Posted 1 February 2019
The Boeing Company reported fourth-quarter revenue of $28.3 billion, GAAP earnings per share of $5.93 and core earnings per share (non-GAAP) of $5.48, all company records.
in Business & Finance Posted 16 January 2019
Embraer has released its preliminary forecast for 2019 and 2020 at a meeting with investors at the New York Stock Exchange (NYSE).
in Business & Finance Posted 14 January 2019
Embraer and Boeing have welcomed approval by the Government of Brazil of the strategic partnership that will position both companies to accelerate growth in global aerospace markets.
in Business & Finance Posted 10 January 2019
Airbus delivered 800 commercial aircraft to 93 customers in 2018, meeting its full year delivery guidance and setting a new company record. Deliveries were 11 percent higher than the previous record of 718 units, set in
in Business & Finance Posted 9 January 2019
Boeing delivered 69 737 aicraft in December and set a new annual record of 806 deliveries in 2018, surpassing its previous record of 763 deliveries in 2017.
in Business & Finance Posted 4 January 2019
Ethiopian Airlines and Hibret Bank have launched the first Co-branded debit card tailored to provide Ethiopian Sheba Miles members with bonus miles for their spending using the debit card.
in Business & Finance Posted 3 January 2019
Gediminas Ziemelis, chairman of Avia Solutions Group, explains how and why airlines should be held accountable for passenger compensation when it comes to delays and cancellations.
in Business & Finance Posted 20 December 2018
Qatar Airways CEO Akbar Al Baker said this week that the airline is not looking to be a core investor in Nigeria Air.
in Business & Finance Posted 17 December 2018
The International Air Transport Association (IATA) forecasts the global airline industry net profit to be $35.5 billion in 2019, slightly ahead of the $32.3 billion expected net profit in 2018 (revised down from $33.8 billion forecast in
in Business & Finance Posted 9 December 2018
The required modernisation of aviation infrastructure expansion, development, and modernisation to cater to anticipated increase in passenger and freight air traffic demand will
in Business & Finance Posted 21 November 2018
Maureva has announced that South African carrier Comair has selected EDGAR Passenger Revenue Accounting Solution to support its revenue protection and financial reporting.
in Business & Finance Posted 31 October 2018
With its acquisition of a 55% holding, ASAM S.A is joining ASECNA Service SA/AG (35%) and Air France Finance (10%) as owners of IAMA’s capital so that they can develop the African Air Transport Professions Institute
in Business & Finance Posted 16 October 2018
Rolls-Royce has announced that it is further expanding its global network of Authorised Service Centres (ASC) for its CorporateCare customers.
in Business & Finance Posted 27 September 2018
South African Airways (SAA) has issued a statement saying it is on track with its turnaround strategy with quarter one results showing that the company is ahead of the plan in its trading performance.
in Business & Finance Posted 25 September 2018
Investec Aviation Finance has launched its fourth aircraft leasing fund to acquire some of the latest generation Airbus and Boeing narrow and widebody aircraft, on lease to a range of international airlines. The team has a
in Business & Finance Posted 12 September 2018
The United States has approved the release of $1.2 billion in military aid to Egypt.
in Business Aviation / Business & Finance Posted 6 September 2018
Dassault Aviation has agreed what it described as an “amicable settlement” with Safran putting an end to the dispute concerning the Silvercrest engine planned to equip the Falcon 5X.
in Air Transport / Business & Finance Posted 22 August 2018
Following signing of a shareholders agreement in Lusaka on Sunday between the Zambian Government and Ethiopian Airlines, Zambia Airways has been relaunched with its inaugural flight set for the beginning of next year.
in Business & Finance Posted 13 August 2018
Ethiopian Airlines has registered record success in the just ended 2017/18 fiscal year. In line with its 15 year strategic roadmap, Vision 2025, the airline registered historical success in financial, commercial,
in Business & Finance Posted 17 July 2018
Ambitions to boost value to customers and reach $10bn of services revenues in commercial in the next decade
in Business & Finance Posted 26 June 2018
A large delegation of US businesses and officials from across the US government, led by US Under Secretary of Commerce Gilbert Kaplan, has visited Ethiopian Airlines to explore potential business
in Business & Finance Posted 6 April 2018
Air Namibia and APG Network have announced a new partnership effective from March 2018.
in Business & Finance Posted 14 March 2018
The board and management of South African Airways has issued a statement to say it is taking urgent steps to address issues raised by the Auditor-General’s office in its 2016-17 audit report, and remains optimistic about
