Aviation News

Lufthansa flight attendants launch 24-hour strike

BERLIN — Lufthansa cancelled hundreds of flights Friday after flight attendants walked off the job at airports around the country in an escalating battle with Germany’s largest airline, but signs emerged that the two sides may be prepared to return to the negotiating table.

No end yet to US jet-buying spree

WASHINGTON — US airlines could place hundreds of orders for new jets on top of their recent wave of purchases — leaving billions of dollars’ worth of orders for US manufacturer Boeing and European rival Airbus still to fight over.

Mallya gives Rs59b guarantee for Kingfisher debt

MUMBAI — Tycoon Vijay Mallya gave Rs59 billion ($1.1 billion) worth of guarantees last year to his Kingfisher Airlines as the Indian carrier struggles with losses and a cash shortage.

Boeing raises India forecast for plane demand by 9.8%

MUMBAI — Boeing raised its 20-year India market forecast by 9.8 per cent, at least the third increase in a row, as economic growth spurs business and leisure travel.

China will need 5,260 new planes by 2031

China will need 5,260 commercial jets by 2031 with an estimated market value of some $670 billion, according to a forecast Wednesday from US aviation giant Boeing.

Airbus orders far behind Boeing this year: data

European aircraft manufacturer Airbus said on Wednesday that it had registered 384 plane orders in the eight months from January through August, putting it well behind US rival Boeing.

Emirates contributes $596m to Indian economy

Dubai’s Emirates airline has contributed $596 million to the Indian economy by way of boosting air transport, manufacturing and services sectors and creating direct and indirect employment, a study by the National Council of Applied Economic Research, or NCAER, revealed.

Etihad not interested in Virgin majority holding

Etihad Airways has confirmed its stake in Virgin Australia Holdings has now reached the 10 per cent threshold, representing 221 million shares that have been bought on the open market over recent months.

Air China H1 profit plunges 77% on slowing economy

HONG KONG — Air China has become the latest major Chinese company to report a steep drop in first-half profit, as income plunged 77 per cent because of the slowing economy, heightened competition and rising jet fuel costs.

China buys 50 Airbus jets

BEIJING - China signed an agreement with Germany for 50 Airbus planes worth up to $4 billion during Chancellor Angela Merkel’s visit to Beijing on Thursday, the first significant order since a dispute between Beijing and Europe over emissions trading.