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News from around the world by Airline Economics

Engine durability a rising cause of concern

Durability levels of current engines are an increasing cause of global concern as the supply chain woes continue to plague operators. Stressing this point at the panel discussion during the Paris Air Forum, Willie Walsh, Director General, International Air Transport...

Short-term 787-Dreamliner deliveries might be delayed due to production flaw, Boeing concerned

About 100 Boeing 787 Dreamliner deliveries might be delayed due to a production flaw discovered by Boeing. Boeing has further clarified that the flaw does not lead to any safety issue of the Dreamliners that are in service at present. Boeing has already informed the...

Veson Nautical to acquire VesselsValue; VV Aviation to become separate entity

Veson Nautical (Veson), the maritime freight management solutions provider, has announced its intent to acquire vessel valuation provider VesselsValue. The move will add a proprietary data set and unique modelling capabilities to Veson, while bringing onboard a team...

IATA figures show continued worldwide air travel growth

The International Air Transport Association (IATA) announced continued strong growth in air travel demand, based on February 2023 traffic results. Total traffic in February 2023 (measured in revenue passenger kilometres or RPKs) rose 55.5% compared to February 2022....

A tale of two airports: Gatwick returns to profit while Heathrow remains in the red

2022 was neither the best of times nor the worst of times for London's Gatwick and Heathrow airports. Both can point to a better 2022 compared with the previous two years. On March 16, Gatwick announced a £195.2 million profit in 2022 as passenger numbers topped 32...

Investor group finalises acquisition of Atlas Air

Atlas Air Worldwide has now been acquired by an investor group led by funds managed by affiliates of Apollo, which manages assets valued at about $548bn, and by investment affiliates of JF Lehman & Company and Hill City Capital. The completion of the previously...
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