Despite the effects of the global Covid-19 pandemic, business aviation in Russia is showing good dynamics in the second half of the year. According to the Russian United Business Aviation Association (RUBAA), after a slight increase in early 2020 and a sharp drop in April, business aviation traffic on some routes—such as Russia-EU—significantly exceeds last year's figures currently.
The Coronavirus impact on the aviation Industry
Nov 16, 2020 - 9:23 AM
Korean Air and parent company Hanjin KAL decided to acquire Asiana Airlines for 1.8 trillion won ($1.6 billion) during board meetings held on November 16, the companies said Monday. Korean Air said it plans to increase working capital by 2.5 trillion won (2.26 billion) by issuing new shares early next year.
Nov 11, 2020 - 10:49 AM
With the Covid-19 pandemic eroding airliner orders and deliveries, Gulfstream has displaced Embraer as the world’s third-largest manufacturer in terms of jet aircraft output. In the third quarter, Embraer delivered 28 jets, seven of which were regional airliners. Gulfstream, meanwhile, handed over 32 business jets.
Nov 10, 2020 - 9:41 AM
Avionics sales fell 33 percent in the third quarter and 27 percent year-to-date, largely due to the Covid-19 pandemic, according to the latest data from the Aircraft Electronics Association (AEA). Total sales in the three-month period ending September 30 were $519.6 million, compared with $708.8 million a year ago, while sales for the first nine months of 2020 were $1.67 billion, compared with $2.28 billion in the same period last year.
Nov 9, 2020 - 12:59 PM
Air Charter Service (ACS) is seeing a growing trend in women’s soccer team charter bookings, more than tripling over the past two years, according to the UK-based broker. A confluence of events and actions—the growing popularity of and additional investment in the sport, as well as the Covid-19 pandemic—are driving the increases.
Nov 5, 2020 - 12:59 PM
Underscoring the importance of individual states coming up with uniform measures to support the return of flight, Eurocontrol estimated it could take until the end of the decade before traffic levels to return to those of 2019.
Nov 5, 2020 - 11:38 AM
Private aviation traffic at Dubai’s World Central-Al Maktoum International Airport has experienced a strong rebound since July, according to the Middle East & North Africa Business Aviation Association (MEBAA).
Nov 5, 2020 - 11:17 AM
The Covid-19 pandemic continued to take its toll on Bombardier as deliveries fell seven units to a total of 24 in the third quarter. The company further has taken roughly a $2.25 billion hit on liquidity, putting it in a position to be $4.5 billion in debt after it sheds its remaining non-business aviation activities.
Nov 4, 2020 - 11:20 AM
India’s first FBO—located at Delhi International Airport (DIAL)—has finally opened, the facility confirmed this week. Contracted in 2016 to two companies—Bird ExecuJet Airport Services (Dubai) and Indamer MJets (Thailand) Airport Services—the 550-sq-m (6,000-sq-ft) terminal was much smaller than originally planned. In fact, it was initially considered to be a temporary facility until a larger building could be built. The terminal and two hangars cost about $7 million.
Nov 4, 2020 - 10:20 AM
Improving demand for air freight is compensating for still-declining passenger airline traffic, according to statistics for September published on Wednesday by the International Air Transport Association (IATA). The group’s chief economist, Brian Pearce, warned that in regions such as Europe, where a second wave of Covid infections is escalating, more challenging business conditions have been seen throughout October and into early November.
