Airbus ordered to pay $99m fine in Eurofighter case

Businessam StaffFebruary 10, 2018

German prosecutors have ordered Airbus to pay 81.25 million euros (71.98 million pounds) to settle one of two investigations into alleged corruption surrounding the sale of Eurofighter combat jets to Austria in 2003, the two sides said on Friday. The settlement includes an administrative fine of 250,000 euros and “disgorgement” – which legal experts broadly […]

Aviation union pickets Bristow, Caverton Helicopters

February 1, 2018

 The National Association of Aircraft Pilots and Engineers (NAAPE), on Thursday shut down the operations of Bristow and Caverton Helicopters at the Murtala Muhammed Airport, Lagos. The union also ordered its members in both airlines to withdraw their services indefinitely until all the pending issues involving their welfare are resolved. NAAPE said the protest was over the […]

Airbus outsells Boeing, sets sights on deliveries crown

Businessam StaffJanuary 15, 2018

Airbus SE widened its order lead over Boeing Co. in 2017 following a record year of jet sales, prompting the European manufacturer to talk up prospects for overtaking the North American giant by deliveries. Airbus booked contracts for 1,109 airliners, or 52 percent more than in 2016, the Toulouse, France-based company said in a statement […]

South Africa Airways increases capacity to Mauritius

Businessam StaffJanuary 8, 2018

From January 8, SAA will operate wide-body aircraft on its Johannesburg-Mauritius route. The Airbus A330 generation aircraft will offer a two-class cabin configuration, with increased seat availability. Business class will range from 36 to 46 seats and economy class from 186to 203. The A340-300 has 38 seats in business class and 215 in economy class. […]

London airport suspends flights as snow brings travel chaos to the capital

Businessam StaffDecember 27, 2017

Heavy snow is causing transport difficulties across the UK, after the Met Office issued a series of weather warnings. The poor weather conditions led London Stansted to close one of its runways and suspend flights. The runway has since reopened, but the closure has led to ongoing delays and cancellations. The airport has advised passengers […]

Turkey’s TAV Havalimanlari Holding plans bid for four Nigerian airports

Businessam StaffDecember 14, 2017

Turkey’s biggest airport operator, TAV Havalimanlari Holding AS, is planning to bid for concession contracts for four airports in Nigeria, according to Bloomberg’s report. The Istanbul-based company, majority owned by Aeroports de Paris, has already submitted a non-binding bid for the airports, which include those in Lagos and Abuja. Though, according to the report, the plan […]

Kenya Airways narrows pretax loss, plans U.S. flights next year

Businessam StaffNovember 17, 2017

Kenya Airways reduced first-half losses by 20 percent, helped by cost cuts, and will start flights to New York next year, its new chief executive said on Friday as the company presses ahead with its turnaround. The airline, part-owned by Air France KLM, completed a $2 billion debt restructuring this week as part of turnaround […]

Qatar Air headed for annual loss amid Saudi blockade, CEO warns

Businessam StaffNovember 7, 2017

Qatar Airways is headed for an annual loss after a Saudi-led blockade of its home nation forced the scrapping of some routes and the diversion of others. The second-biggest Persian Gulf carrier expects to post a loss this year, though it’s too early to say how big the deficit will be, Akbar Al Baker, Chief Executive […]