US Congressman Ted Budd has accused the government of 'stone-walling' and refusing to release details about the planned sale to Kenya of 14 Air Tractor crop duster aircraft that will be armed and deployed to bombing duties in the war against Somali militant group Al Shabbab. By Oscar Nkala.
At least five global airlines including Qantas, Lufthansa, KLM Royal Dutch Airlines, Air France, and Delta Air Lines have instructed travel agents in Zimbabwe to only accept hard currency in the form of cash when selling tickets to
The Aga Khan Fund for Economic Development (AKFED) has divested itself of its 51% stake in Air Burkina selling it to the Burkinabe government, reports ch-aviation.
An objection has been filed in the Federal High Court in Lagos about the take over of Arik Air by the state-owned Asset Management Corporation of Nigeria (AMCON), reports ch-aviation.
Air Botswana is looking to settle a dispute with the Civil Aviation Authority of Botswana (CAAB) over what it claims are excessive charges for landing fees and passenger service levies, reports ch-aviation.
The Ghanaian government has plans to review the allocation of the 5th Freedom traffic rights granted to foreign carriers, reports ch-aviation.
The Chief Executive of Air Zimbabwe has spoken before a parliamentary committee, outlining a restructuring plan, which will see the loss of top management positions, reports ch-aviation.
Arik Air, which is currently under the management of the state-owned Asset Management Corporation of Nigeria (AMCON), may be about to lay off 1,500 staff, reports ch-aviation.
TAAG Angola Airlines has announced a dramatically better result for 2016 over 2015.
German independent aviation consultancy InAvia Aviation Consultants has submitted an Expression of Interest for Air Botswana.
Ethiopian Airlines has reportedly rejected an offer from the state-owned Asset Management Corporation of Nigeria (AMCON) to take over management of struggling Arik Air, reports ch-aviation.
The Chief Executive Officer of Kenyan start-up Baracuda Airways has been arrested on allegations of fraud, reports ch-aviation.
Comoros' AB Aviation has reached an agreement with the Comorian civil aviation authority concerning the settlement of outstanding duties with plans to resume commercial operations, reports ch-aviation.
TPConnects – the first dual International Air Transport Association (IATA) New Distribution Capability (NDC) Certified Travel Technology Provider has unveiled that it will be launching
A Maputo District Court has convicted a former financial director of LAM for abuse of office following a Mozambican anti-corruption task-force investigation into several airline executives last year, reports ch-aviation.
The Boeing Company has reported fourth-quarter revenue of $23.3 billion with GAAP earnings per share of $2.59 and core earnings per share (non-GAAP) of $2.47 reflecting overall solid execution on production programs and services.
Airbus' commercial aircraft deliveries in 2016 were up for the fourteenth year in a row, reaching a new company record of 688 aircraft delivered to 82 customers.
The Boeing Company has announced deliveries across its commercial and defence operations for the fourth quarter of 2016.
Ethiopian Airlines has released its financial results of 2016.
The Board of Directors of the African Development Bank (AfDB) has approved a financing package of USD 159 million to partly finance Ethiopian Airlines' expansion plan and fleet
The Boeing board of directors has declared the company's quarterly dividend will increase 30 percent to $1.42 per share. The board also replaced the existing share repurchase programme with a new $14 billion
Boeing said strength in the capital markets and innovative funding developments will provide airlines and lessors efficient aircraft financing solutions in 2017.
The Nigerian government said it has directed the Central Bank of Nigeria (CBN) to release a total of USD300 million in unremitted revenue to foreign airlines, reports ch-aviation.
International trip support company, UAS, which has operations in Johannesburg and Lagos has sold a major stake in the company to Chinese business aviation operator Deer Jet, it was announced at NBAA today.
Air Zimbabwe has initiated talks with an unspecified Malaysia-based firm over the proposed lease of a B787, reports ch-aviation.
SAA has concluded its first AGM since the new board was appointed in September 2016.
During 3Q16, Embraer delivered 29 commercial jets and 25 executive jets (13 light and 12 large).
The Boeing Company has reported third-quarter GAAP earnings per share of $3.60 and core earnings per share (non-GAAP) of $3.51 reflecting overall solid execution on production programmes and services, favourable
Etihad Aviation Group (EAG) and its equity airline partners will support almost 425,000 jobs and are expected to contribute US$3.6 billion GDP to the African economy in 2016, as Abu Dhabi
Dubai Aerospace Enterprise (DAE) has been named as the Middle East and Africa 'Lessor of the Year'.
South African Minister of Finance, Pravin Gordhan, has approved the disbursement of a ZAR5 billion (USD351 million) state-backed guarantee to struggling carrier, South African Airways (SAA), reports ch-aviation.
Arik Air, Nigeria's largest airline, became the of the country's carriers to suspend flight operations in the last three weeks.
South Africa's largest opposition party, the Democratic Alliance said it is taking legal action against the South African government following its controversial decision to reappoint Duduzile Myeni as the chairwoman of
Nile Air's chief executive officer Ahmed Aly said the Egyptian airline is looking to go public on the Egyptian Stock Exchange at some point in 2017, reports ch-aviation.
Nigeria's Federal Inland Revenue Service (FIRS) has seized and sealed off the premises of Skyjet Aviation Services in the Northwest Nigerian city of Kaduna citing unpaid back taxes, reports ch-aviation.
The International Air Transport Association (IATA) and Egyptian authorities are working together to find a practical solution to release, for repatriation foreign exchange funds due international
Safwat Mossallam, the chairman and CEO of the EgyptAir Holding Company said the company will not be privatised as part of economic reforms the government will undertake later this year, reports ch-aviation.
A South Gauteng High Court has awarded Nationwide Airlines ZAR104.6 million (USD7.89 million) in damages plus interest after ruling that South African Airways practices did breach South Africa's Competition Act and did inflict
Boeing has said it will not increase 787 out-put and could further cut 777 out-put unless sales of both jets improve.
The Boeing Company has reported second-quarter revenue of $24.8 billion on strong commercial deliveries and services growth.
Fastjet, the fledgling Pan-African low-cost carrier is continuing its rocky road to break-even according to its latest set of figures.
A new non-profit organisation, the International Aviation Services Organization (IASO), was unveiled at EBACE in Geneva today.
Air Seychelles has reported its fourth year of profitability in a row, with net profits of USD2.1 million in 2015, on revenues of USD 105.4 million.
The Boeing Company reported fourth-quarter revenue of $23.6 billion and core earnings per share (Non-GAAP) of $1.60.
Boeing has said airlines and lessors will continue to have access to efficient funding at attractive pricing throughout 2016 as new participants enter the aircraft financing industry and current
As a result of a change in Bombardier's strategic approach to aircraft sales, Bombardier and TAG Aeronautics have amicably elected to end their contractual agreements.
Egyptair has been fined USD140,000 by the US Bureau of Industry and Security (BIS) for violating a US trade embargo against Sudan between 2010 and 2011, reports ch-aviation.
When Daallo Airlines called in Dubai-based consultancy Aerotask for a bit of business advice, neither side realised the job would culminate in the merger of the airline with local rival Jubba Airways fewer than six months later. Victoria Moores reports.
Ethiopian Airlines has warned Boeing that the shutdown of the U.S. Export-Import Bank has raised concerns about the airline's ability to take delivery of Boeing jets already ordered and the closure would force it to
Airbus confirmed today that it had been in talks with Canadian manufacturer Bombardier, but those discussions “are no longer being pursued”.
Global aviation services group, Air Partner has entered the aviation safety market with the acquisition of Baines Simmons.
Etihad is going head to head with Ethiopian Airlines in talks with central African airline Rwandair for a 49% stake in the Kigali-based carrier.
Ethiopian Airlines has agreed a sale-and-leaseback deal with AWAS, covering three new Boeing 737-800s
Kenya Airways (KQ) has reported a worse than expected pre-tax loss of $295million for its full year results.
Belgian MRO specialist Sabena Aerospace is to establish a new facility in Brazzaville following a joint venture deal with Equatorial Congo Airlines (ECair)
South African Airways (SAA) continues to drive implementation of its Long-Term Turnaround Strategy (LTTS) across the business.
The International Air Transport Association (IATA) says more jobs could be generated and additional economic growth achieved in Namibia if intra-African markets were opened up to permit greater airline
Abu Dhabi aerostructures business Strata is eyeing potential manufacturing bases in North Africa, the company's CEO has said in Paris.
Boeing projects a demand for 38,050 new airplanes over the next 20 years, an increase of 3.5 percent from last year's forecast. Boeing released its annual Current Market Outlook (CMO) today, estimating the
fastjet has releases its results for end of 2014.
The African Business Aviation Association (AfBAA) has announced that it has added the category of Professional Member to its membership categories. It follows a restructuring of the membership options as it aims
South African Airways (SAA) has announced that the airline has signed a Memorandum of Understanding (MOU) with the Department of Trade and Industry (DTI) in a commitment to develop and
Low cost carrier Air Arabia has reported a 13% increase in net profit for the first quarter of 2015.The Sharjah airline which operates from Morocco and Egypt announced its financial results this morning as the airline's route and hub
For many years Africa has been seen as a high-risk investment. Access to structured finance has been hard to break through, but are things changing? From modernising fleets to introducing new business aircraft,
EgyptAir has recently launched a new pricing policy on all flights to/from Europe, through which the passengers will enjoy special ticket prices.
The African Development Bank (AfDB) Group has approved a $140-million loan to Egypt's Sharm El-Sheikh Development Project.
The manufacturers of the Eclipse 550 twin-engine light jet and the Kestrel K350 single-engine turboprop are coming together to form the One Aviation Corporation.
Transport finance specialist, CIT Group, which leases and finances aircraft for airlines and business aviation operators, has placed a firm order for five more A321ceo aircraft, doubling its most recent commitment for five A321ceo's made at
Lufthansa Consulting is establishing a regional office in the Republic of Djibouti to further develop its market engagement in Africa.
South African Airways (SAA) is exploring emergency funding options as part of a 90-day action plan intended to restore the state-owned carrier to solvency after it confirmed today that it is “technically
Airbus has increased the average list prices of its aircraft by 3.27 per cent across the product line. The new pricing is effective from January 1st 2015.
Proflight Zambia has welcomed the removal of five per cent customs duty on aviation fuel and passed this on to passengers by cutting fares across the board.
Bombardier has halted production on the proposed Learjet flagship, the Lear 85 with several analysts suggesting the “pause” could be permanent.
Business aircraft sales, acquisitions and trader Jetcraft, has launched a new commercial aircraft sales and leasing division.
fastjet Tanzania has posted its first profitable trading month at an Earnings before Interest and Tax ('EBIT') level in December as it saw strong demand for its services during the very busy holiday season and benefited
Emirates and the Lions, one of South Africa's top rugby teams, has announced a five-year sponsorship agreement.
The first ever Sharia-compliant transaction in Africa's aviation sector has been completed between a Bahrain investment bank and Ethiopian Airlines.
In November, fastjet operations in Tanzania carried a total of 63,146 passengers, a 90 per cent increase compared to the same month last year, and achieved a load factor of 77 per cent. The Company's On Time Performance remains
According to an in-depth study conducted by the Economist Intelligence Unit (EIU) on behalf of DHL Express, approximately 40% of global SMEs (small and medium-sized enterprises) do not perceive Africa as a growth
Ethiopian Airlines has secured a USD 41.4 million 7-year junior loan facility from ING Capital LLC for the acquisition of two Boeing 777 freighter aircraft.
David Storch, chairman and chief executive of AAR has been named to the US President's advisory council on 'Doing Business in Africa,' a 15-member panel of private sector business leaders charged with helping the American
Parliament's Portfolio Committee on Public Enterprises will be presented with Denel's Annual Report for the 2013-14 financial years.
Boeing has said that commercial financial institutions in the Middle East are increasingly funding the region's record number of airplane deliveries.
fastjet has announced its unaudited interim results for the six months ended 30 June 2014 and operational highlights of 2014 to date.
Air Seychelles, has announced strong first half-year 2014 results with double digit growth in revenue, passenger and cargo volumes, reflecting continued solid success in the airline's business strategy.
The West African Development Bank (BOAD) has taken over ASKY Airlines and Air Cite d'Ivoire.
Airbus Defence and Space is to sell off a number of its business divisions in order to focus on Space (launchers & satellites), military aircraft, missiles and the related systems and services.
The trade relationship between the United States and Africa, as well as the African Growth and Opportunity Act (AGOA) - which provides exporters duty-free access to the lucrative US market, was
Zambia's expanding airline, Proflight Zambia, has moved into a new head office in Lusaka in the latest phase of its strategy to grow the aviation sector.
Business aviation, air transport and airport operators welcomed a report today from global management services company Pricewaterhouse Coopers (PwC) that said global capital project and infrastructure spending is expected to grow to more
fastjet has announced its audited final results for the year ended 31 December 2013 and operational highlights of 2014 to date.
fastjet has announced it has signed an agreement to dispose of its holding in Fly 540 Kenya, the loss-making investment it inherited as part of the acquisition from Lonrho Aviation, to Don Smith, a director of Fly 540 Kenya.
Ethiopian Airlines and the Agence Française de Développement (AFD) signed a loan agreement of 50 million euros on 20 June 2014 at the Ethiopian Airlines Headquarters. The agreement is aimed at
During H.E. Chinese Premier Li Keqiang's state visit to Ethiopia, a Memorandum of Understanding (MoU) was signed between Ethiopian Airlines and ICBC Financial Leasing.
Organising finance for business aviation may just be getting a little bit easier thanks to a breakthrough deal being led by the African Business Aviation Association (AfBAA).
The African Business Aviation Association (AfBAA) has today announced an MoU with the Commercial Aviation Association of South Africa (CAASA).
Textron Inc. today announced it has closed its acquisition of Beech Holdings, LLC, the parent of Beechcraft Corporation, and that it will bring together its Cessna business and Beechcraft to form a new segment called Textron Aviation.