Aviation Sector

Plane grounding leads to fall in Ryanair’s passenger numbers in January

It has been recently revealed by UK carrier Ryanair that its passenger numbers fell by 50,000 in January 2013; chiefly because of the fact that the company had grounded up to 80 aircrafts after the busy Christmas holiday period.

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Qatar Airways to Launch Boeing 787s Next Year

As per the findings of a new report, Qatar Airways has been planning to introduce five Boeing 787s by the arrival of next year in service. The next scheduled flights would probably be occurring in Germany and the US, the report says.

American International Group to sell ILFC

It has been revealed that American International Group Inc is going to sell majority of ILFC business to a Chinese business group. It is not the first time when Chinese firms have shown interest in aircraft purchase, as China is considered to be the largest ILFC market.

FCC Chairman seeks to ease airplane electronics ban

In a letter sent to the Federal Aviation Administration (FAA)'s acting administrator Michael Huerta on Thursday, Federal Communications Commission Chairman Julius Genachowski has called for the easing of the airplane electronics ban.

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France and Germany to Get Stakes in EADS

It has been reported that the government of France and Germany would be given 12% share or stake in aerospace and defense group EADS. The agreement thus signed would allow Spain to have 30% share in Airbus planemaker.

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Air Berlin Planning Job Cuts

Air Berlin of Germany is all set to bring back itself to profits before next year and will be rolling out its plan by December end.

Abu Dhabi-based carrier Etihad owns it partly. Chief Executive of the firm, Hartmut Mehdorn said that the plan may lead to cutting down of 900 jobs. Air Berlin has incurred profits of 4.5% since last year because of cut in costs. However, the net debt also gained a 5% increase over the three months and reached to 853 million euros, that is almost four and a half times of its shares.

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Investigations at EADS Sites

A number of European aerospace giant EADS sites were being investigated, as part of an investigation looking into bribes. The news was revealed by Thomas Steinkraus-Koch, a public prosecutor in Munich.

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Air Berlin Knocks Court’s Door to seek Compensation

Air Berlin, said to be the second biggest carrier in Germany, has knocked the doors of court to seek compensation from the makers of new international airport in Berlin.

Air Berlin has alleged that the airport's opening has been repeatedly delayed by the consortium. Air Berlin's Chief Executive Hartmut Mehdorn said they waited a lot and now they want their compensation through courts.

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