Boeing terminates agreement to establish joint venture with Embraer

In a not so surprising move Boeing announced that it has terminated Master Transaction Agreement (MTA) with Embraer. The MTA was signed in 2018 under which the two companies sought to establish a new level of strategic partnership. This involved creating a joint venture comprising Embraer’s commercial aviation business and a second joint venture to … Continue reading Boeing terminates agreement to establish joint venture with Embraer

Airline operations in India to remain suspended till 3rd May

The last few days had seen airlines start preparations for limited services starting tomorrow. With the announcement of extension of countrywide lockdown this morning coming from Prime Minister Modi, the flights will remain grounded for some more time. Directorate General of Civil Aviation (DGCA) released a notification soon and was followed with an official NOTAM. … Continue reading Airline operations in India to remain suspended till 3rd May

IATA predicts 25 million jobs are at risk globally due to COVID19

The International Air Transport Association (IATA) has released new analysis today which shows that 25 million jobs are at risk of disappearing due to the COVID-19 crisis. IATA claims that 2.7 million are airline jobs and over 65.5 million people are dependent on the aviation industry and this includes travel and tourism industry. Global air … Continue reading IATA predicts 25 million jobs are at risk globally due to COVID19

Indian domestic air traffic grew at 3.74% in 2019; a turbulent year comes to an end

Domestic air traffic in India recorded a growth of 3.74% in 2019, after double digit growth for the preceding four years to close 2019 with 1441.71 lakh (144.17 million) passengers as compared to 1389.76 lakh passengers in 2018. The year was characterized by the fall of Jet Airways in April. The last year’s prediction on … Continue reading Indian domestic air traffic grew at 3.74% in 2019; a turbulent year comes to an end