Paris Airshow: Boeing forecasts $8.7 trillion aerospace and defence market through 2028
Boeing includes $215 billion Africa forecast in its $8,7 trillion aerospace and Defense market outlook through 2028.
Business & Finance
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.
in Business & Finance Airbus reports nine-month 2017 results
Posted 1 November 2017
Airbus SE reported nine-month 2017 financial results and confirmed its guidance for the full year.
in Business & Finance Air Arabia's Egyptian unit disposes of $3.3mn of equity
Posted 23 October 2017
Air Arabia disposed of 590,000 shares to an unspecified party/parties a filing with the Egyptian Stock Exchange (ESX) on October 11, reports ch-aviation.
in Air Transport / Business & Finance SAA major board shake-up as chair replaced
Posted 19 October 2017
South African Airways is undergoing a major board reshuffle today.
in Business & Finance Zimbabwe government minister in legal battle over Rainbow Airlines
Posted 18 October 2017
Zimbabwean Minister for Information Communication Technology, Supa Mandiwanzira, has been taken to court by a fellow shareholder of local start-up carrier Rainbow Airlines citing breach of contract, reports
in Business & Finance Ethiopian Airlines in talks to partner Air Djibouti
Posted 18 October 2017
Ethiopian Airlines has initiated talks with the government of Djibouti over a possible partnership with Air Djibouti, reports ch-aviation.
in Business & Finance Boeing reports third-quarter deliveries
Posted 10 October 2017
The Boeing has announced deliveries across its commercial and defence operations for the third quarter of 2017.
in Business & Finance Ethiopian nearing early JV deal for new Zambian carrier
Posted 3 October 2017
Ethiopian Airlines is set to tighten its stranglehold on the Southern African market following comments by CEO Tewolde Gebremariam that a deal with the Zambian government over its Zambia Airways project could be reached in the
in Business & Finance Air Burkina to be restructured
Posted 19 September 2017
Air Burkina is to be restructured and its fleet expanded, possibly with turboprops, as part of a government initiative to improve its sustainability, reports ch-aviation.
in Business & Finance Airports Company South Africa profit up 10.8% in FY2017
Posted 18 September 2017
Airports Company South Africa reported revenue growth of 3.4% to R8.6 billion in the year ended 31 March 2017, with profit up 10.8% to R2 billion.
in Business & Finance Green Africa Airways selects Pentagram as branding partner
Posted 12 September 2017
Green Africa Airways has selected Pentagram as its branding partner that will work with the airline as it lays the foundation for its brand identity.
in Business & Finance Comair shows strong profit growth in tough trading conditions
Posted 12 September 2017
Comair Limited has issued its annual financial results, reporting a 54% increase in profits to R297 million and a 28% increase in cash generated by its operations.
in Business & Finance SAA to cut fleet by almost 20% in latest restructuring plan
Posted 11 September 2017
South African Airways will cut capacity at its mainline operation as part of an overall downsizing of the carrier's network, reports ch-aviation.
in Business & Finance Syphax Airlines denies AOC reapplication rejected
Posted 4 September 2017
Tunisia's Syphax Airlines has denied reports in the Tunisian media claiming its application to the North Africa state's civil aviation regulator seeking the reinstatement of its AOC had been flat out rejected, reports ch-aviation.
in Business & Finance Air Daytona Tourist Airlines seeks investment
Posted 4 September 2017
Botswana's Air Daytona Tourist Airlines founder and sole shareholder, Moses Botipeng, has confirmed the prospective scheduled passenger carrier is in the process of beginning its certification drive with the Botswana Ministry of
in Business & Finance Ethiopian Airlines confirms interest in Arik Air
Posted 4 September 2017
Ethiopian Airlines has confirmed that it is in talks to manage Nigeria's Arik Air, reports ch-aviation.
in Business & Finance Air Madagascar and Air Austral to ink final deal in 4Q17
Posted 7 August 2017
Air Madagascar and Air Austral have confirmed the signing of their firm strategic partnership agreement has been delayed until late October at the earliest pending the resolution of several issues including the settlement of
in Business & Finance Government of Burundi plans merger of Air Burundi and SOBUGEA
Posted 7 August 2017
The government of Burundi is planning to resuscitate moribund national carrier Air Burundi by merging it with fellow parastatal, the profitable ground-handling firm SOBUGEA (Société Burundaise de
in Business & Finance Air transport infrastructure and connectivity to key to boosting Nigeria's economy
Posted 7 August 2017
The International Air Transport Association (IATA) says more jobs could be created and additional economic growth achieved in Nigeria if the West African nation used the transformative power of
in Business & Finance African airlines' traffic soared 9.9% in June
Posted 7 August 2017
The International Air Transport Association (IATA) announced global passenger traffic data for June showing that demand (measured in total revenue passenger kilometers or RPKs) rose by 7.8% compared to the year-ago period.
in Business & Finance Embraer releases second quarter 2017 results
Posted 28 July 2017
In 2Q17, Embraer delivered 35 commercial and 24 executive (16 light and 8 large) jets, compared to the 26 commercial and 26 executive (23 light and 3 large) jet deliveries in 2Q16.
in Business & Finance Boeing reports strong second-quarter results
Posted 26 July 2017
The Boeing Company has reported strong earnings and operating cash flow in the second quarter of 2017, driven by improved operating performance.
in Business & Finance Syphax Airlines gains reorganisation plan approval
Posted 20 July 2017
Syphax Airlines is on track for its planned 4Q17 relaunch after the Court of Sfax approved airline's reorganisation plan, reports ch-aviation.
in Business & Finance Comoros set to offer foreign carriers cabotage rights
Posted 18 July 2017
The government of the Comoros is planning to open up the Indian Ocean archipelago's domestic market to foreign operators, reports ch-aviation.
in Business & Finance Air Zimbabwe slashes workforce by half
Posted 17 July 2017
Air Zimbabwe has announced that it has retrenched 200 of its 424 staff as it struggles to keep the airline in business. This is the fourth round of retrenchments in eight years, reports ch-aviation.
in Business & Finance Emirates terminates TAAG Angola management contract
Posted 11 July 2017
Emirates has terminated, effective immediately, a ten-year Management Concession Agreement with TAAG Angola Airlines, reports ch-aviation.
in Business & Finance Fastjet to acquire branding rights from EasyGroup
Posted 10 July 2017
Fastjet plc the London-listed co-parent of Fastjet Zimbabwe and Fastjet, has announced plans to acquire the rights to the Fastjet brand from EasyGroup Holdings for USD2.5 million, reports ch-aviation.
in Business & Finance Boeing reports second-quarter deliveries
Posted 10 July 2017
The Boeing Company has announced deliveries across its commercial and defence operations for the second quarter of 2017.
in Business & Finance Boeing raises forecast for new aircraft demand
Posted 22 June 2017
Boeing has raised its forecast for new airplane demand, projecting the need for 41,030 new airplanes over the next 20 years valued at $6.1 trillion dollars.
in Business & Finance Air transport supports 490,000 jobs and contributes US$12bn in GDP for South Africa
Posted 21 June 2017
The International Air Transport Association (IATA) has released new data showing that the air transport sector in South Africa provides immense value to the people and economy of the country
in Business & Finance Air transport supports 620,000 jobs, contributes US$3.2bn in GDP for Kenya
Posted 20 June 2017
The International Air Transport Association (IATA) has released new data showing that the air transport sector in Kenya supports some 620,000 jobs including tourism-related employment, while
in Business & Finance Eq. Guinea seeks to resolve crisis blocking CEIBA's Euro ops
Posted 20 June 2017
The President of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo, dispatched his Minister for Foreign Affairs, Agapito Mba Mokuy, to Spain last week to resolve legal obstacles affecting CEIBA Intercontinental and its
in Business & Finance ATR creates an integrated Leasing, Asset Management and Freighter department
Posted 7 June 2017
ATR has created a new Leasing, Asset Management & Freighter department which has thepriorities of managing sales to the leasing community and facilitating the placement of new or used ATR aircraft by
in Air Transport / Business & Finance Fastjet's losses deepen as LCC continues stabilisation plan
Posted 31 May 2017
African low cost carrier Fastjet has seen losses almost double in what CEO Nico Bezuidenhout described as “a challenging year”.
in Business & Finance Mahogany Air secures funding to resume operations
Posted 10 May 2017
Zambia's Mahogany Air has again outlined plans to resume commercial passenger operations, nearly three years after they were first suspended, reports ch-aviation.
in Business & Finance Arik Air gets $4.7 million injection from AMCON
Posted 10 May 2017
Arik Air has received an injection of NGN1.5 billion (USD4.7 million) from the Asset Management Corporation of Nigeria (AMCON) since being taken over by the state-owned body, reports ch-aviation.
in Business & Finance SAA secures a final court order against cabin crew strike
Posted 4 May 2017
South African Airways (SAA) successfully argued at the Labour Court to have an interim order granted on the 26th April 2017 confirmed as a final order against the South African Cabin Crew Association (SACCA) and its members.
in Business & Finance Boeing reports first-quarter results
Posted 27 April 2017
The Boeing Company reported higher first-quarter earnings and operating cash flow compared to the previous year, driven by solid execution on production programmes and services.
in Business & Finance US government concealing details of sale of Air Tractor bombers to Kenya
Posted 18 April 2017
US Congressman Ted Budd has accused the government of 'stone-walling' and refusing to release details about the planned sale to Kenya of 14 Air Tractor crop duster aircraft that will be armed and deployed
in Business & Finance Airlines demand hard cash for Zimbabwe ticket sales
Posted 18 April 2017
At least five global airlines including Qantas, Lufthansa, KLM Royal Dutch Airlines, Air France, and Delta Air Lines have instructed travel agents in Zimbabwe to only accept hard currency in the form of cash when selling tickets to
in Business & Finance Air Burkina back in hands of Burkinabe government; seeks partner
Posted 12 April 2017
The Aga Khan Fund for Economic Development (AKFED) has divested itself of its 51% stake in Air Burkina selling it to the Burkinabe government, reports ch-aviation.
in Business & Finance Arik Air board takes legal action over AMCON takeover
Posted 4 April 2017
An objection has been filed in the Federal High Court in Lagos about the take over of Arik Air by the state-owned Asset Management Corporation of Nigeria (AMCON), reports ch-aviation.
in Business & Finance Air Botswana seeks to settle $500k CAAB fee dispute
Posted 4 April 2017
Air Botswana is looking to settle a dispute with the Civil Aviation Authority of Botswana (CAAB) over what it claims are excessive charges for landing fees and passenger service levies, reports ch-aviation.
in Business & Finance Ghana to review 5th Freedom traffic right allocations
Posted 20 March 2017
The Ghanaian government has plans to review the allocation of the 5th Freedom traffic rights granted to foreign carriers, reports ch-aviation.
in Business & Finance Air Zimbabwe to cut senior staff in restructuring drive
Posted 20 March 2017
The Chief Executive of Air Zimbabwe has spoken before a parliamentary committee, outlining a restructuring plan, which will see the loss of top management positions, reports ch-aviation.
in Business & Finance Arik Air denies it will retrench 1,500 staff
Posted 13 March 2017
Arik Air, which is currently under the management of the state-owned Asset Management Corporation of Nigeria (AMCON), may be about to lay off 1,500 staff, reports ch-aviation.
in Business & Finance TAAG Angola Airlines sees improved financial results under Emirates management team
Posted 10 March 2017
TAAG Angola Airlines has announced a dramatically better result for 2016 over 2015.
in Business & Finance InAvia submits Expression of Interest for Air Botswana
Posted 10 March 2017
German independent aviation consultancy InAvia Aviation Consultants has submitted an Expression of Interest for Air Botswana.
in Business & Finance AJW expand headquarters after rising demand
Posted 3 March 2017
AJW Group, that has offices in Africa, has announced the expansion of its 375,000 square feet global headquarters in response to rising demand.
in Business & Finance Arik Air investment offer rejected by Ethiopian Airlines
Posted 28 February 2017
Ethiopian Airlines has reportedly rejected an offer from the state-owned Asset Management Corporation of Nigeria (AMCON) to take over management of struggling Arik Air, reports ch-aviation.
in Business & Finance CEO of Kenya's Baracuda Airways arrested for fraud
Posted 28 February 2017
The Chief Executive Officer of Kenyan start-up Baracuda Airways has been arrested on allegations of fraud, reports ch-aviation.
in Business & Finance AB Aviation reaches deal with CAA to resume ops
Posted 13 February 2017
Comoros' AB Aviation has reached an agreement with the Comorian civil aviation authority concerning the settlement of outstanding duties with plans to resume commercial operations, reports ch-aviation.
in Business & Finance Middle East and Africa's first IATA NDC based travel search engine to be launched
Posted 1 February 2017
TPConnects – the first dual International Air Transport Association (IATA) New Distribution Capability (NDC) Certified Travel Technology Provider has unveiled that it will be launching
in Business & Finance Maputo court gives ex-LAM official suspended sentence
Posted 26 January 2017
A Maputo District Court has convicted a former financial director of LAM for abuse of office following a Mozambican anti-corruption task-force investigation into several airline executives last year, reports ch-aviation.
in Business & Finance Boeing reports fourth-quarter results
Posted 26 January 2017
The Boeing Company has reported fourth-quarter revenue of $23.3 billion with GAAP earnings per share of $2.59 and core earnings per share (non-GAAP) of $2.47 reflecting overall solid execution on production programs and services.
in Air Transport / Business & Finance Airbus hits new aircraft delivery record
Posted 12 January 2017
Airbus' commercial aircraft deliveries in 2016 were up for the fourteenth year in a row, reaching a new company record of 688 aircraft delivered to 82 customers.
in Business & Finance Boeing releases delivery results for Q4 of 2016
Posted 9 January 2017
The Boeing Company has announced deliveries across its commercial and defence operations for the fourth quarter of 2016.
