Asia Pacific continues to lead the way with 155 planned airport projects and a committed investment of USD 209 billion. As of January 2023, there are 425 known airport projects globally, of which, 155 projects (36%) are in the Asia Pacific region. Built by Supported by Held in
ACI EUROPE has today released a comprehensive and empirical analysis of competition between European airports. It depicts a new aviation market paradigm where the increasing buyer power of the airlines in Europe squeezes Europe’s airports ever further as they strive for financial stability and resilience. The synopsis, Fierce Competitors, Fragile Foes builds upon the Frontier […]
Korean Air hosted an event at the airline’s hangar at Incheon International Airport to showcase a special livery in support of Korea’s successful bid to host the World Expo 2030 in South Korea’s second largest city, Busan. Han Duck-soo, Prime Minister of Republic of Korea, Walter Cho, Chairman and CEO of Korean Air, Tae-won Chey, […]
European airlines’ quarterly results are likely to confirm a significant reduction in winter losses vs. last year while defying recession fears with strong summer bookings as consumers still pay up for travel, says Bloomberg Intelligence (BI). BI calculate the spot price of jet fuel has almost halved since June’s peak, which provides cost relief and […]
Avolon Holdings Limited (“Avolon”), the international aircraft leasing company, announces the pricing of a private offering (the “Offering”) by its wholly owned subsidiary, Avolon Holdings Funding Limited, for a principal aggregate amount of US$750 million of 6.375% senior unsecured notes due 2028 (the “Notes”). The Notes will be fully and unconditionally guaranteed by Avolon, and […]
Expansion of industry-leading FX ATM click & collect service follows successful pilot at Heathrow T5 Travelex, a market leading foreign exchange brand, has expanded its ATM click & collect service across Heathrow, Birmingham and Manchester airports following a successful pilot at Heathrow Terminal 5. Following the success of the pilot, Travelex now offers the click […]
Aircraft valued at over $4 billion at current list price Delivery scheduled between 2027 and 2030 Avolon, the international aircraft leasing company, announces a commitment to order 40 Boeing 737 MAX aircraft. The aircraft are scheduled for delivery between 2027 and 2030; and are valued at over $4 billion at current list price. Avolon delivered […]
At the annual gathering of Europe’s regional airports and their business partners taking place today and tomorrow in Chania, Crete, the latest industry analysis from ACI EUROPE has described a market segment which is simultaneously outperforming with a positive summer ahead, whilst also warning of disparities in the pace and strength of recovery and continued […]
In a major move for the airline industry, leaders of the European Union and India met at the EU-India Aviation Summit to establish a comprehensive aviation agreement to liberalise traffic rights and boost regulatory alignment, including the acceleration of decarbonisation policies between the two regions. Wizz Air participated in the discussion to foster negotiations and […]
Airports Council International (ACI) World and the International Civil Aviation Organization (ICAO) today announce SITA’s renewed and long-standing support of the leading training and leadership program for airport executives, the Airport Management Professional Accreditation Program (AMPAP). Since its launch in 2007, AMPAP has become the globally recognized and respected curriculum for career development and excellence […]
