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Global Airlines Revise Profit Forecast Upward

Posted September 20th, 2011 at 7:05 am (UTC-5)
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A global aviation group has dramatically increased its estimate for worldwide airline profits this year, citing an increase in passenger demand. The International Air Transport Association said Tuesday it expects airlines to earn $6.9 billion in 2011, compared to an earlier estimate of just $4 billion. However it forecast earnings to fall back to $4.9 […]

Airline Places Biggest-Ever Order for New Planes

Posted July 20th, 2011 at 11:35 am (UTC-5)
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American Airlines says it has placed the largest order for new passenger planes in aviation history. The U.S.-based carrier announced Wednesday it will pay almost $40 billion to buy 460 new planes over five years — part of an effort to revamp its aging fleet and save money on fuel costs. The move will also […]

Tags: , Posted in Economy

First 787 Dreamliner Lands in Tokyo

Posted July 3rd, 2011 at 1:15 am (UTC-5)
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U.S. aircraft maker Boeing’s new 787 Dreamliner has landed in Tokyo from Seattle for test flights before its first commercial launch. The passenger jet, painted with the colors of All Nippon Airways, landed early Sunday and taxied to a hanger through a celebratory arch of water sprayed from two airport fire trucks. The wide-bodied twin-engine […]

Tags: , , Posted in East Asia Pacific

Iran: US Sanctions Preventing Iranian Planes From Refueling

Posted June 28th, 2011 at 12:45 pm (UTC-5)
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Iran says U.S. economic sanctions against the country have made it harder for the national Iranian airline to refuel its planes abroad, a situation Tehran calls “inhumane.” Several Western companies have stopped selling fuel to Iran Air planes at European airports in recent months to comply with U.S. sanctions prohibiting the export of refined gasoline […]

Tags: , , Posted in Middle East

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