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Stories that are tagged 'aviation'

Flexjet Offers Fractional Schemes On New Learjets
5/18/2012
Flexjet will be the first provider of fractional jet management services to offer access to Bombardier’s new Learjet 70 and Learjet 75 aircraft.
EU Hails ETS Aviation Compliance Rate
5/18/2012
The European Commission has claimed early success with the extension of the European Union's Emissions Trading Scheme to flights in and out of Europe, reporting compliance with currently non-mandatory emissions-reporting requirements by more than 99% of operational airlines.
ECJ Urged To Confirm Passenger Delay Compensation
5/17/2012
An Advocate General has proposed to the European Court of Justice that it should confirm that a passenger whose flight is delayed by three hours or more may seek flat-rate compensation from the airline.
African Carrier Achieves Inflight Internet Milestone
5/16/2012
South African carrier Mango Airlines has become the first African airline to offer wireless inflight Internet connectivity, although the first demonstration flight didn't go off without a glitch.
Cockpit Innovation Showcased At EBACE
5/15/2012
Leading business aircraft manufacturer, Bombardier Aerospace showcased its all-new cockpit technology, Vision Flight Deck, integrated into its Global 5000 and Global 6000 business jets, at this year's European Business Aviation Convention and Exhibition in Geneva on May 13-16.
Lufthansa Slams German Plane Ticket Tax
5/15/2012
Presenting details of the company’s 2011 annual report at its annual general meeting in Cologne, Deutsche Lufthansa’s Chief Executive Officer Christoph Franz urged the coalition government to end the controversial plane ticket tax currently costing the company around EUR361m (USD465m) annually.
Guernsey Announces Aircraft Registry Plans
5/15/2012
The Guernsey government has announced that it has agreed with a private sector partner to launch an aircraft registry from the island.
IoM Will Not Follow UK's Lead On Taxing Business Jets
5/7/2012
The Isle of Man's Treasury Minister, Eddie Teare has confirmed that, despite the territory maintaining many similar elements to the United Kingdom tax regime, the island will not follow suit with the UK government's decision to begin taxing small business aircraft under the Air Passenger Duty regime.
Schipol Voted Europe's Favourite Airport
4/30/2012
Amsterdam airport, Schipol, has this year received the title of 'Europe's best airport' in the 2012 World Airport Awards, known also as the Passenger's Choice Awards.
Aviation Becoming 'Cash Cow' For Governments
4/27/2012
Policies are needed that re-invest aviation tax receipts back into the industry and to ensure that aviation is treated as an economic catalyst not a 'cash cow', says the International Air Transport Association.
NZ To Ease GST For Non-Resident Firms
4/23/2012
New Zealand is to remove goods and services tax 'impediments' for non-resident businesses in an effort to make the system less burdensome for such companies.
China Replaces Airport Tax With New Fee
4/18/2012
China’s Ministry of Finance has issued a notice confirming that, while the previous airport tax has been abolished, air passengers will now have to pay an equivalent fee to finance a newly-constituted Civil Aviation Development Fund.
Hong Kong, Spain DTA Enters Into Force
4/16/2012
The agreement for the avoidance of double taxation, signed between Hong Kong and Spain on April 1 last year, came into force on April 13, after the completion of ratification procedures on both sides.
India Considering FDI From Foreign Airlines
4/13/2012
India's Cabinet will soon decide whether domestic airlines can accept foreign direct investment from other nations' airlines. The plans aim to boost access to external funding for India's heavily-indebted aviation industry, and make domestic airlines viable.
Climate Change Committee Pressures UK On Carbon Change Commitments
4/11/2012
A new report from the Committee on Climate Change urges the United Kingdom government to include the aviation and maritime sectors within ambitious emissions targets agreed for 2050.
Business Calls For US-Brazil Trade Treaty
4/10/2012
On the occasion of Brazilian President Dilma Rousseff's visit to the United States on April 9, the US Chamber of Commerce President and CEO Thomas Donohue called on the two countries to begin discussions on a comprehensive Economic Partnership Agreement.
EFTA States Adopt EU Transport Regulations
4/10/2012
The European Free Trade Association has promulgated European legislation which deals with maritime security and airport charges, introducing numerous changes among the four-nation bloc.
Carcassonne Airport Targeted By EU Probe
4/10/2012
The European Commission has launched an in-depth investigation into whether financial support received by Carcassonne airport, France, from the state, and rebates and marketing agreements the airport and airline Ryanair negotiated, were in line with European Union state aid rules.
Swiss Re Corporate Solutions Establishes Dubai Office
4/9/2012
The Dubai Financial Services Authority has granted Swiss Re Corporate Solutions a licence to operate in the Dubai International Financial Centre.
Audit Detects Weakness In Canadian Aviation Sector Oversight
4/9/2012
Canada's Auditor General, Michael Ferguson has called for a fundamental review of the functioning of Transport Canada in its role as overseer of aviation companies' compliance with civil aviation safety standards.
Aviation Sees Demand Spurt
4/6/2012
The International Air Transport Association has released global traffic results for February 2012 showing an 8.6% improvement in passenger demand and a 5.2% rise in cargo demand compared with the same month in the previous year.
US Announces New Challenge To EU In Airbus Case
4/6/2012
The Office of the United States Trade Representative has confirmed that it has requested the establishment of a World Trade Organization compliance panel to consider whether the European Union removed illegitimate subsidies to Airbus fully and in a timely manner.
Uptick In Unsecured Bond Investment Positive For Aircraft Financing
4/4/2012
Credit ratings agency, Fitch Ratings has said that an increase in successful unsecured bond issuances by aircraft lessors could signal that the capital markets are once again becoming a viable financing alternative for the sector.
Air Passenger Claims Backed By EU Court Advisor
4/3/2012
An Advocate General to the European Court of Justice has found that an air carrier must provide care to passengers whose flights have been cancelled because of extraordinary circumstances such as the closure of airspace following the eruption of the Eyjafjallajökull volcano in a case brought by an Irish passenger against airline Ryanair.
NetJets Targets China With New Joint Venture
3/29/2012
Private aviation market leader NetJets has announced that it is to enter into a new joint venture with a consortium of Chinese investors to establish a physical presence in China from which to target local and regional opportunities.
Last Direct Philippines-EU Flight Cut Over Taxes
3/29/2012
Citing the additional taxes payable by international airlines flying from the Philippines, Air France-KLM is stopping the one remaining direct flight from Manila to Europe.
APD Sapping UK Economy, Report Argues
3/16/2012
Scrapping the Air Passenger Duty would help UK job creation and boost the economy, according to the World Travel and Tourism Council.
European Aviation Fears EU ETS Backlash
3/19/2012
In joint letters, the heads of some of Europe's major airlines and aviation engine manufacturers have called upon European Union leaders to take action and stop an escalating trade conflict with China and other countries opposing the European Emissions Trading Scheme.
Taxes, Red Tape 'Stifling US Aviation'
3/15/2012
The United States government should ease the tax and regulatory burden on the the nation's aviation industry to improve the sector's competitiveness and boost the economy as a whole, the International Air Transport Association has said.
OECD Urges Massive Investment In Infrastructure
3/9/2012
A new report from the Organisation for Economic Cooperation and Development has urged forward thinking from governments to ensure that improvements in aviation and maritime infrastructure keeps pace with economic globalisation.
BAA Pressures Gov't To Approve Third Runway At Heathrow
3/8/2012
UK airports operator BAA has increased its lobbying efforts to obtain permission to proceed with the construction of a third runway at London Heathrow, with industry support in the form of a letter to government leaders and new research which warns of the damage blocking Heathrow's expansion would do to UK businesses, the economy, and employment.
Guernsey Considering Territory's Economic Direction
3/8/2012
The Guernsey government has welcomed the publication of a new report, commissioned to provide an overview of Guernsey's current economic profile and recommend, on an independent basis, future strategic areas that should be targeted to provide further economic opportunities for the territory.
Europe Stands Firm On Emissions Trading Scheme, For Now
3/7/2012
The Vice-President of the European Commission told the Aviation Leadership Summit at the Singapore Airshow that the European Union will stand firm on its decision to impose a tax on airlines' emissions, but said the Union is open to constructive negotiations on multilateral alternatives.
Canada Announces Review Of Aerospace Policy
3/5/2012
Canada's Minister of Industry Christian Paradis has announced the commencement of a review into Canada's aerospace and space programs and policies with a view to boosting support for its domestic industry.
Philippines Advised To Scrap Airline Taxes
3/2/2012
Following a study by Oxford Economics, the International Air Transportation Association has pointed out the benefits that would accrue to the Philippines economy, if the government was to remove taxes imposed on foreign airlines.
NetJets Europe Begins Offering Part Financing
3/1/2012
Luis Pinto, Chief Financial Officer of Netjets, announced at a recent corporate jet and helicoptor financing conference that the company will begin offering financing to its customers worldwide to provide extra options for clients in a depressed market.
Airbus Begins Testing Next-Generation Engine
2/29/2012
The A350 XWB’s new engine - the Rolls-Royce Trent XWB - has successfully made its maiden flight aboard Airbus’s dedicated A380 “Flying-Test-Bed” aircraft.
CBI Issues UK Budget Wishlist
2/27/2012
Changes to the UK's tax system could help generate investment and stimulate growth, the Confederation of British Industry argues in its 2012 Budget submission.
Dubai Airline Plans To Offset EU Carbon Tax
2/21/2012
Dubai-based Etihad Airways has plans to increase the fuel surcharge on flights to Europe in an attempt to minimise the damage caused by the EU's new carbon tax.
BASIC Countries Slam EU Carbon Tax On Airlines
2/17/2012
The 10th BASIC Ministerial Meeting on Climate Change, held recently in New Delhi, has heavily criticized the inclusion of international aviation in the European Union Emissions Trading Scheme.
Brazil Privatises Airport Infrastructure
2/11/2012
The Brazilian government has accepted three bids from private sector consortiums as part of government plans to speed the modernisation of its airport infrastructure as the FIFA World Cup 2014, to be held in Brazil, fast approaches.
Putin Eyes New Wealth Taxes
2/10/2012
Russian presidential candidate and current Prime Minister Vladimir Putin has announced that, if elected, his government would increase taxes on luxury items as part of a larger reform of the tax system to reduce the country's over-dependence on oil revenues and fund ballooning government expenditure.
Aviation Demand Recovers In 2011
2/9/2012
The International Air Transport Association has published full year statistics, showing a 5.9% year-on-year increase in passenger traffic, and a 0.7% contraction in cargo markets.
China 'Bans' Airlines From EU Carbon Tax Scheme
2/8/2012
The Chinese government has effectively banned Chinese airlines from participating in the European Union's Emissions Trading Scheme, which was extended on January 1, 2012 to flights using EU airspace.
India Snubs UK With Fighter Contract
2/6/2012
French aircraft manufacturer Dassault Aviation has been selected to begin exclusive negotiations to supply the Indian air force with 126 Rafale jet fighters, having beaten off a rival offer from a European consortium including leading aircraft manufacturer EADS - the parent company of Airbus, and UK manufacturer BAE Systems.
Tax Stymies Indian Aviation Sector
2/2/2012
Changes to India's tax policy on the aviation sector are paramount to securing the massive investment required to establish India as one of the top five civil aviation markets in the world, which is the government's goal.
Hong Kong Reports Fall In Cargo Traffic
1/27/2012
The world's busiest air cargo hub, Hong Kong International Airport, has reported that cargo throughput declined in December 2011 by 4.3% year-on-year, to 346,000 tonnes, as exports fell.
Fiji Raises Departure Tax
1/27/2012
The Fijian government has been criticized after increasing its airport departure tax without giving sufficient formal warning.
UK, Caribbean Talks Focus On APD
1/25/2012
Leaders from Caribbean nations and the United Kingdom agreed at the end of a two-day summit an action plan to establish 'a new and improved strategic partnership to promote prosperity'. Importantly, the UK government committed to reopen negotiations to mitigate the impact of the UK's air travel tax on Caribbean territories.
Bombardier Expands Learjet Production Facilities
1/20/2012
Leading business jet manufacturer Bombardier has announced a further expansion of its Learjet site in Wichita, Kansas, as part of 10-year plans initially to support the development of the Learjet 85 project.
New Zealand National Carrier World-Leading
1/20/2012
New Zealand's national airline and flag carrier, Air New Zealand has received government praise for again receiving the accolade 'Airline of the Year' from trade publication Air Transport World.
Ryanair Snubs Ireland Over Tax
1/19/2012
Irish airline Ryanair, Europe's largest budget airline, is to create 1,000 new jobs but not in Ireland, with the country's tax regime thought to be to blame.
Hungary Ordered To Recover State Aid To Airline
1/11/2012
The European Commission has ruled that financing granted to Hungarian flag carrier Malev in the context of its privatization and re-nationalization constituted illegal state aid, and has requested that the aid be recovered.
Business Aviation Sector Urges Carbon Tax Rethink
1/10/2012
While welcoming the use of market-based measures to support carbon emission reduction efforts, the association that represents business aviation operators in Europe has warned that revisions are needed to the EU Emissions Trading Scheme to ensure that it does not discriminate against small operators.
US Seeks Countermeasures Against Airbus Subsidies
1/10/2012
The United States has requested legal proceedings to examine the extent of 'financial damage' to the nation's aircraft manufacturer Boeing on allegations that European member states failed to undertake the timely removal of illegal subsidies to European manufacturer Airbus following a ruling by the World Trade Organization.
Canada Overhauls Security Framework For Aviation
1/6/2012
Canada's Minister for Transport, Denis Lebel has announced that the government is to take steps to streamline Canada's Aviation Security Regulations to ensure they meet current international standards to reflect changing security needs.
Chinese Airlines Boycott EU Carbon Tax
1/6/2012
The association that represents Chinese airlines, including Air China, China Southern Airlines, China Eastern Airlines and Hainan Airlines, has said its members will not abide by the European Union Emissions Trading Scheme, which on January 1, 2012, was extended to international airlines that use European airports.
Aviation Demand Fell During November
1/4/2012
Air transport demand fell during the month of November, while air cargo markets remained weak, according to the latest figures from the International Air Transport Association.
Kingfisher To Join Oneworld Airline Alliance
1/3/2012
India’s leading carrier Kingfisher Airlines will become part of the OneWorld alliance with effect from February 10, 2012.
British Airways' Parent To Purchase Loss-Making BMI
1/2/2012
The parent company of British Airways, International Airlines Group has signed an agreement with Lufthansa to purchase the group's lossmaking entity British Midland Ltd - BMI - for USD271m in cash.
Dubai Leader Approves 2012 Budget
12/28/2011
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the Government Sector Budget for the year 2012.
EFTA Signs Up To European Aviation Regulator
12/27/2011
The European Economic Area Joint Committee has announced its decision to incorporate three regulations into its aviation regulatory regime to promote a high level of safety in the European civil aviation sector, in particular through the establishment of a joint regulator among European nations.
Bahamas Receives Funding For Aviation Reform
12/21/2011
The Inter-American Development Bank has approved a loan worth USD50m to support The Bahamas in undertaking its air transport reform program.
India Looks To Reform Aviation Sector
12/16/2011
India's Aviation Secretary, Nasim Zaidi, has announced that the government is formulating a ten-year plan for the country's aviation sector to improve the viability of carriers' operations and attract more private investment.
Boeing 787 Sets Speed, Distance Records
12/14/2011
Boeing has established two new world records with its newly-launched 787 Dreamliner aircraft, breaching existing records in terms of speed and distance achieved by an aircraft in its weight class.
Philippines Debates Removal Of Airline Taxes
12/13/2011
The Philippines Department of Finance has recently written letters to the Ways and Means Committees of both the House of Representatives and Senate to inform them that it 'interposes no objection' to the repeal of country’s common carrier’s tax, provided that countervailing tax revenue-raising measures can be identified.
New Zealand Protests UK Aviation Tax Hike
12/14/2011
The UK's decision to increase Air Passenger Duty has sparked fierce criticism in New Zealand and Australia, with Prime Minister John Key fearing that the tax will put 'a significant burden on New Zealand businesses'.
EU Claims Compliance With WTO Subsidy Ruling
12/14/2011
The European Commission has published a report detailing remedial actions taken to comply with a July 2010 ruling from the World Trade Organization, which found that European nations had provided subsidies to European aircraft manufacturer Airbus in contravention of world trade rules.
Aviation Body Foresees Turbulent 2012
12/12/2011
The International Air Transport Association has projected that airlines will generate a profit of USD6.9bn this year, although industry profits are expected to fall to USD3.5bn in 2012, from USD4.9bn previously forecast, mainly as a result of the crisis in the eurozone.
BA Slams UK Travel Duty Hike
12/12/2011
Further rises in the UK's air passenger duty are completely at odds with the government’s declared aim of creating the foundations for growth, British Airways has said.
India Tackles Aviation Taxes
12/7/2011
The high level of tax on jet fuel has once again come to the top of the political agenda in India as the country's aviation industry battles against increasing operating costs and rising losses.
EU And Russia Reach Siberian Overflight Agreement
12/6/2011
The European Commission and the Russian government have agreed to a revision of the system of Siberian overflight payments, which EU airlines are required to pay when flying over Russian territory.
Hong Kong, France DTA Comes Into Effect
12/5/2011
The double taxation agreement between Hong Kong and France, which was originally signed by Hong Kong’s Financial Secretary, John C Tsang, and the then French Minister of Economy, Industry and Employment, Christine Lagarde, on October 21, 2010, came into effect on December 1, 2011.
American Airlines Files For Bankruptcy Protection
12/2/2011
AMR Corporation, the parent company of American Airlines, has filed a voluntary petition for bankruptcy protection with the Southern District of New York's Bankruptcy Court.
UK 'Losing GBP1bn' Because Of APD
11/29/2011
The Tourism Alliance has published a research report, which warns that the UK economy stands to lose out on GBP1bn (USD1.56bn) in inbound tourism-related economic activity as a result of the government's policy of taxing aviation through its Air Passenger Duty.
NetJets Sues IRS Over Ticket Tax Assessments
11/22/2011
Four subsidiaries in the NetJets group - NetJets Large Aircraft, NetJets International, NetJets Aviation and Executive Jet Management – have introduced an action in the Ohio Southern District Court, Columbus Office, to retrieve almost USD643m in back taxes from the Internal Revenue Service.
'Scrap APD', UK Airline Bosses Say
11/22/2011
The negative impact of air passenger duty on the UK economy outweighs any benefit from the revenue raised, four leading airline chiefs have said, calling on the government to axe the levy.
Dubai Airshow Ends With Bumper Orders
11/18/2011
The Dubai Airshow closed its doors on November 18 on a successful week which saw USD63.3bn worth of orders for aircraft, maintenance services and flight training programmes.
India Seeks American Aviation-Sector Investors
11/17/2011
The US Federal Aviation Agency and India's Directorate General of Civil Aviation have signed a landmark agreement on the safety of aviation products intended to facilitate increased investment from US business owners in the Indian market.
Middle East To Drive Future Aircraft Demand
11/15/2011
Boeing forecasts that airlines in the Middle East will need an estimated 2,520 airplanes worth USD450bn by 2030 as the region's carriers continue to surpass global air traffic and capacity growth rates.
IATA Urges Airports, Airlines To Tackle Future Together
11/10/2011
Director General of the International Air Transport Association, Tony Tyler, has called for airlines and airports to work more closely to achieve common goals for the benefit of the industry.
Northern Ireland Flight Tax Cut In Force
11/10/2011
Changes to Northern Ireland's Air Passenger Duty charges have come into effect, with long-haul passengers now benefiting from lower rates once applicable only to shorter journeys.
US Travel Industry Calls For Phase-Out Of UK APD
5/1/2012
A total of thirty associations within the United States travel industry have written to Chancellor of the Exchequer George Osborne urging the United Kingdom government to abandon plans for a further increase in air passenger duty in March 2012, and, instead begin a progressive reduction of the tax.
Asian Airlines Lash Out At Western Tax Policy
11/8/2011
The Association of Asia Pacific Airlines has spoken out against the 'ineffective regulation and excessive taxes and charges' of Europe and the United States, which it said are unnecessarily constraining the growth of the industry globally.
Airbus Project Cuts Flight's Emissions In Half
11/1/2011
Using the latest fuel and air traffic management techonologies, Air France and Airbus in October claimed to have completed the world's most environmentally-friendly commercial flight having reduced carbon emissions by half.
Hong Kong Airport Witnesses Traffic Growth
10/31/2011
Hong Kong International Airport, publishing statistics for the third quarter of 2011, said that the airport has experienced solid growth in terms of passenger volumes and aircraft movements.
Malaysia Finally Confirms New Air Passenger Taxes
10/31/2011
After the increases were delayed in September, Malaysia Airports has now announced that new rates of the international passenger service charge and aircraft landing and parking charges will be implemented from November 15, 2011.
IoM Space Sector Breaks Into New Territory
10/26/2011
The Isle of Man government has announced a major milestone in the development of the island's aerospace sector with the successful launch of ViaSat-1, the first satellite to use an Isle of Man licensed orbital filing.
Foreign Airlines Push For Philippines Tax Exemptions
10/26/2011
The Philippines’ Department of Finance is being put under pressure from foreign airlines to reduce the 2.5% Gross Philippine Billings Tax and the 3% Common Carrier’s Tax to which they are subjected.
US Works To Halt EU Air Tax
10/26/2011
A bipartisan United States Congressional delegation met on October 21 with the International Civil Aviation Organization (ICAO) regarding US opposition to the emissions trading scheme to be introduced by the European Union.
Bombardier Agrees Suppliers For New Business Jets
10/24/2011
Bombardier has announced that it has secured seven suppliers to facilitate the creation of the next generation of aircraft in its Global range, the 7000 and 8000, due to enter into service in 2016 and 2017, respectively.
Hong Kong Gazettes Aviation Fee Revisions
10/20/2011
An order to support and enable proposed revisions to Hong Kong’s aviation fees and charges is to be gazetted on October 21 and tabled in the Legislative Council on October 26.
German Plane Tax Cut Encourages Ryanair
10/18/2011
Budget airline Ryanair may schedule new flight routes from Germany in 2012, provided that the government abolishes its controversial plane ticket tax.
Guernsey To Push Ahead With Aircraft Registry
10/17/2011
Guernsey is to push ahead with plans to establish an aircraft registry as a way of diversifying the island's economy after proposals for a joint Channel Islands registry received little support from Guernsey lawmakers.
Germany To Lower Plane Ticket Tax
10/12/2011
Germany’s highly controversial plane ticket tax is to be lowered next year to compensate for additional costs arising from the extension of the European Union’s emissions trading scheme to flights over Europe from January 1, according to the German finance ministry.
IoM Aerospace Sector Receives Boost
10/11/2011
The International Institute of Space Commerce, based in Douglas, the Isle of Man, has been accepted as a member of the International Astronautical Federation, the most prestigious institution in the space community.
Airbus, Qantas Finalize Record Aircraft Deal
10/11/2011
Qantas and Airbus have finalized a contract for 110 A320 Family aircraft, to facilitate the airline’s fleet renewal and expansion plans in the coming years. The firm order for 78 A320neo and 32 A320s is the largest single order in Australian aviation history in terms of aircraft units, and follows a commitment signed in August.
Hong Kong Extends Airport Charge Incentive
10/5/2011
The renewed scheme of airport charges for new routes, proposed by the Airport Authority Hong Kong (AA) and gazetted on October 7, will come into force on January 1 next year.
Aviation Industry Recovery Slows
10/5/2011
The International Air Transport Association has announced international air traffic results for August, showing that while passenger demand has increased, by 4.5% compared to August 2010, this is lower than the year-on-year change of 6% recorded in July, showing a slowdown in traffic.
India Leads Protest Against EU Carbon Tax On Airlines
10/4/2011
Strong protests have been made by 26 countries, led by India, against European Union plans to tax airlines on carbon emissions in its airspace. These concerns about the Emissions Trading Scheme were expressed at a meeting held in Delhi within the last few days.

 

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