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 […]
Global Airlines Revise Profit Forecast Upward
Airline Places Biggest-Ever Order for New Planes
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 […]
First 787 Dreamliner Lands in Tokyo
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 […]
Iran: US Sanctions Preventing Iranian Planes From Refueling
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 […]