Aviation Daily, May 2, 2018

Volume 412, Issue 23

Regulatory/Legislative

May 1, 2018

Article

Aviation Daily

FAA Expands CFM56 Checks To Newer Blades

FAA, following CFM International’s latest recommendations, has mandated inspections for the CFM56-7B fan blade population not covered by the agency’s April 20 emergency airworthiness directive (AD)....More

May 1, 2018

Article

Aviation Daily

Panasonic Corp. of Japan and its U.S. subsidiary Panasonic Avionics Corp. (PAC) will pay $280 million to resolve Foreign Corrupt Practices Act and accounting fraud violations, the U.S. Justice Department and Securities and Exchange Commission (SEC) announced separately on April 30....More

Airframers/Suppliers

May 1, 2018

Article

Aviation Daily

Commercial aircraft manufacturing is helping to drive a surge in global aerospace and defense (A&D) industry revenue, which is expected to grow 4.1% year-over-year (YOY) in 2018, almost doubling last year’s 2.1% rate, according to a new report by consulting company Deloitte Touche Tohmatsu....More

Airlines

Apr 30, 2018

Article

Aviation Daily

Croatia Again Tries To Find Airline Partner

The government of Croatia announced that it aims to find a new “strategic partner” for Croatia Airlines....More

Apr 30, 2018

Article

Aviation Daily

Air Canada Eyes Cost Savings Through Fleet Changes

Air Canada delivered record revenue and lower-than-anticipated cost increases in the first quarter, and is tapping additional cost-savings initiatives to help offset rising fuel prices as it aims to hit its goal of C$250 million ($195 million) in annual expense reductions by 2020....More

May 1, 2018

Article

Aviation Daily

Canadian Carriers’ Growth To Level Off, Forecast Says

Rising fuel prices and a strengthening local dollar will disrupt the Canadian airline industry’s recent growth trend, but the prevailing momentum will keep the sector performing above domestic industrial peers through 2022, the Conference Board of Canada (CBC) projected....More

Apr 23, 2018

Article

Aviation Daily

Egypt’s Nile Air Preparing For IPO

Privately owned Egyptian carrier Nile Air is preparing for an initial public offering (IPO) later in 2018....More

May 1, 2018

Article

Aviation Daily

Royal Jordanian Inches Back To Profitability

Jordan’s national carrier, Royal Jordanian, broke even in 2017, a significant improvement on the previous year’s performance....More

Apr 30, 2018

Article

Aviation Daily

Jazeera’s $1 Million 1Q Loss Marks Improvement

Kuwaiti hybrid carrier Jazeera Airways has attributed an improvement in traditionally weak first-quarter figures to a combination of investments in improving passenger experience, a growing route network and higher asset utilization....More

Forecasts/Industry Data

May 1, 2018

Article

Aviation Daily

Leisure and Business Fares: Week of April 23

View the Leisure and Business Fares: Week of April 23 charts in PDF format....More