IATA: Airlines need to bring costs in line with revenues
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.
Business & Finance
in Business & Finance IATA: Airlines continue to burn through cash
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 Mango’s fleet still grounded over non-payment
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 Air Namibia in government bailout talks
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 Rolls-Royce releases half-year financial results
Posted 27 August 2020
Rolls-Royce has announced its half-year financial results for 2020.
in Air Transport / Business & Finance Fastjet to go private to survive crisis.
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 Comair secures short-term financing
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 SAX employees assist in saving the airline
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 RAM looks to lose staff and fleet
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 No current lifeline for Comair
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 Dassault Aviation keeps faith with its innovative strategy
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 Qatar Airways launches investment arbitration against Egypt
Posted 24 July 2020
Qatar Airways Group has launched four international investment arbitrations against which includes Egypt.
in Business & Finance SAA creditors give extension for rescue plan
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 SAA creditors confirm rescue plan
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 Air Namibia service licence reinstated
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 Kenya Airways to lay off significant number of staff
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 Comair BRPs gets extension
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 GlobalData: Bombardier distances itself from commercial aviation with valid reasons
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 IATA reports industry losses will top $84 Billion in 2020
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 A new life of lease?
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 Rolls-Royce announces up to 9000 job losses
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 Comair business rescue practitioners outline process and prospects
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 A €86 million loan for Air Austral
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 Rolls-Royce launches first immersive virtual reality training for business aviation customers
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 General Electric Aviation to cut 25% of its workforce
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 Comair in "a very difficult financial position"
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 ACI and IATA call for urgent financial assistance to protect jobs and operations
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 Boeing President and CEO Dave Calhoun addresses aerospace market realities
Posted 30 April 2020
Boeing President and CEO Dave Calhoun has issued a letter to Boeing employees addressing aerospace market realities.
in Business & Finance Airbus reports first quarter 2020 results
Posted 29 April 2020
Airbus has reported consolidated financial results for its first quarter (Q1) ended 31 March 2020.
in Air Transport / Business & Finance Boeing pulls out of Embraer partnership deal
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 Airline Industry paid ad impressions drop 99% amid coronavirus pandemic
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 COVID-19 puts over half of 2020 Passenger revenues at risk
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 Covid-19 and idle operators: A time to reflect, review and prepare
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 25 million jobs at risk with airline shutdown
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 Raytheon Technologies Corporation goes live
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 OneWeb files for Chapter 11 restructuring to execute sale process
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 Airbus announces measures to bolster its liquidity and balance sheet
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 Boeing gross orders slump over in 2019
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 Aviation finance: expect market turbulence as Covid-19 hits air transport hard
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 Comair releases interim results showing loss
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 Boeing to support communities affected by Ethiopian Airlines Flight 302
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 Aviation finance sector looking vulnerable
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 South African Airways moves forward with restructuring plans
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 Boeing reports fourth-quarter results
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 Finalisation of SAA’s post commencement funding
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 Boeing announces deliveries across commercial and defence ops for Q4
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 Airbus delivers strong 2019 commercial aircraft performance
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 ACC Aviation Group expands into Africa
Posted 11 December 2019
ACC Aviation Group has announced the opening of a new regional office in Addis Ababa.
in Business & Finance / Features It's crunch time for credit fraud
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 DPO Group provides tips to help Africa’s airline industry guard against fraudulent online payments
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 AfDB banks on more regional integration
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 Embraer releases second quarter results
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 Airbus releases financial results for half-year 2019
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 Denel fraud investigations reach advanced stages
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 Embraer delivers 26 commercial and 25 executive jets in 2Q19
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 French Minister of economy and finance visits Ethiopian Airlines
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 Paris Airshow: Boeing forecasts $8.7 trillion aerospace and defence market through 2028
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 Slowing demand and rising costs squeeze airline profits with African airlines showing loss
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 Boeing reports first-quarter results
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 Embraer releases earnings for fourth quarter of 2018
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 Dassault Aviation releases its financial report for 2018 and goals for 2019
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 UKEF to support Tamale Airport development
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 IBA asks: what does the future hold for airlines and investors?
Posted 25 February 2019
As Airbus decides to terminate A380 production, IBA asks what the future holds for airlines and investors.
in Business & Finance Airbus reports strong full-year 2018 results
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 Boeing reports record 2018 results and provides 2019 guidance
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 Embraer releases its preliminary forecast for 2019 and 2020
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 Embraer and Boeing enter strategic partnership
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 Airbus achieves new commercial aircraft delivery record in 2018
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 Boeing sets new aircraft delivery records
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 Ethiopian Airlines and Hibret Bank launch first co-branded debit card
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 2019 will be a year of crossroads for aviation industry
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 Qatar Airways CEO says the airline ‘never applied to serve as core investor Nigeria Air’
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 IATA: Airlines heading for a decade in the black
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 USD 1.8 trillion global investment needed for aviation infrastructure modernisation by 2030
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 Comair to partner with Maureva for its revenue accounting
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 Fresh impetus for the African Air Transport Professions Institute
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 Rolls-Royce expands service infrastructure for business aircraft
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 SAA on track with turnaround strategy
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 Investec Aviation opens new $500m aircraft leasing equity fund
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 US approves the release of $1.2 billion in military aid to Egypt
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 Dassault and Safran settle dispute over 5X engine delay
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 Zambia Airways relaunches
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 Ethiopian registers record success in 2017/18 fiscal year
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 Airbus forecasts $4.6 trillion worldwide market for commercial aircraft services over next 20 years
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 US Advisory Council on doing business in Africa visits Ethiopian Airlines
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 Air Namibia and APG Network in partnership
Posted 6 April 2018
Air Namibia and APG Network have announced a new partnership effective from March 2018.
in Business & Finance South African Airways issues a statement regarding audit report
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
in Business & Finance African airlines saw January traffic rise 4.9%
Posted 8 March 2018
The International Air Transport Association (IATA) announced global passenger traffic results for January 2018 showing traffic (revenue passenger kilometers or RPKs) rose 4.6% compared to January 2017.
in Business & Finance House Committee on Banking praises Arik Air management
Posted 26 February 2018
The Chairman of House of Representatives Committee on Banking and Currency, Hon. Sir Jones Chukwudi Onyereri has commended the present management of Arik Air for the good work they have done in turning around the fortunes of the
in Business & Finance Bombardier reports fourth quarter and full year 2017 results
Posted 16 February 2018
Bombardier has released its fourth quarter and full year 2017 results, highlighting solid financial and operational performance across the company.
in Business & Finance Afriqiyah seeks return of Euro-based A320s
Posted 29 January 2018
Afriqiyah is seeking the return of its two A320-200s currently leased out to Lithuanian ACMI/charter specialist Small Planet Airlines, reports ch-aviation.
in Business & Finance IATA: Blocked Funds, Connectivity, Infrastructure, and Safety top agenda for Angola
Posted 25 January 2018
The International Air Transport Association (IATA) forecasts a trebling in the size of Angola's air transport market to 7.1 million passengers a year by 2036 at the present forecast annual growth
in Business & Finance Harare open to all forms of investment in Air Zimbabwe
Posted 25 January 2018
The Zimbabwean government is open to all forms of partnership with Air Zimbabwe and is even prepared to waive a cap on 49% foreign ownership to entice investors to the ailing state-owned carrier, reports ch-aviation.
in Business & Finance Four start-ups apply for Comorian operating licences
Posted 16 January 2018
Four start-up carriers have applied to the Comorian government for operating licences involving both domestic and international services, ch-aviation.
in Business & Finance Airbus Commercial Aircraft delivers record performance
Posted 16 January 2018
Airbus’ Commercial Aircraft deliveries in 2017 were up for the 15th year in a row, reaching a new company record of 718 aircraft delivered to 85 customers.
in Business & Finance Fly Modern Ark eyes 25% stake in Air Zimbabwe
Posted 2 January 2018
Fly Modern Ark has submitted a proposal to the Zimbabwean government in which the South African start-up would equip Air Zimbabwe with Xian Aircraft Company turboprop equipment in return for a 25% stake in the state-owned airline, reports
in Business & Finance Boeing and Embraer in merger talks
Posted 21 December 2017
Boeing and Embraer have confirmed they are undergoing talks towards a possible merger. The confirmation follows a report that the two companies were in discussion by the Wall Street Journal.
in Business & Finance 160 new aircraft set to be delivered to Africa by 2025
Posted 29 November 2017
To coincide with Africa's first African business aviation conference and exhibition (AfBAC), which runs from 29th November to 1st December in Johannesburg, South Africa, new analysis of industry data by Global Jet Capital, a
in Business & Finance Swazi central bank freezes Aghalieaku Airways' bank accounts
Posted 27 November 2017
The Central Bank of Swaziland (CBS) has ordered Nedbank Swaziland to freeze the accounts of local carrier Aghalieaku Airways after investigations implicated its owner, Nigerian Chief Benjamin Aghalieaku Arinze, in
in Business & Finance Kenya Airways Limited advised on financial restructuring
Posted 23 November 2017
Global law firm White & Case has advised Kenya Airways Limited on its US$2 billion financial restructuring.
