Karen Walker

Royal Air Force fighter jets were scrambled in the UK following an incident Friday involving a Pakistan International Airlines aircraft in UK airspace.

GE Aviation is expanding its ceramic matrix composites (CMCs) facility in Newark, Del., with a $27 million investment and plans to add 70 jobs at the facility over five years.

Governments must put more political will into sorting out air traffic management mega-projects and also addressing the political issue of finding a global agreement for emission market-based-measures (MBMs), the head of IATA said Monday.

US Transportation Secretary Ray LaHood said Friday that DOT’s legislation introduced at the end of April will prevent further air traffic controller furloughs and keep open low activity towers that were slated for closure under congressional budget cuts.

The US National Transportation Safety Board (NTSB) is assisting the Afghanistan Ministry of Transportation and Commercial Aviation in the investigation of the crash of a National Airlines Boeing 747-400 freighter shortly after takeoff from Bagram Air Base in Afghanistan Monday.

After the Great East Japan earthquake and the subsequent tsunami and nuclear power disaster, All Nippon Airways executives were faced with a 20% year-over-year drop on domestic routes. Without any government assistance, ANA swiftly made finely tuned adjustments to its capacity and moved up cost-cutting plans so it could not only adapt to the rapidly changed environment, but also could continue with its international expansion plans, such as launching new Haneda-Frankfurt, Narita-Seattle and Haneda-Beijing routes.

 

IATA slightly improved its 2013 financial outlook for the world’s airlines in March, citing strong passenger demand and signs that cargo markets are starting to grow again.

IATA now expects airlines to produce a combined net post-tax profit margin of 1.6%, up from the previously forecast 1.3%, with a net post-tax profit of $10.6 billion, up from the previously projected $8.4 billion.