Forty years after the first flight of the F-16 prototype, the Air Forces worldwide are increasingly counting on the F-35 to replace the planes they're flying today. However, with F-35 being 7 years behind schedule and $163 billion over budget, the Lockheed Martin F-16 Fighting Falcon is currently enjoying an unexpected renaissance. As a result, the average age of currently [...]
Given the numbers of aircraft in service today, MRO has evolved to become a major market differentiator within aviation. Visiongain predicts that the value of the commercial aircraft MRO market in will top $80 billion in a decade. However, it also expects the market to face many new challenges, including those stemming from some OEMs (e.g. Boeing) looking to increase [...]
For many, the flight attendant’s job is a dream come true. Visiting new places, earning good money, meeting new people at 10-12 km height – that’s certainly the charming part of the work. However, since the dawn of the profession back in 1930s both the airline industry and passengers themselves seem to have changed a lot thus raising the question [...]
Despite the fact, that reducing MRO expenditures by as few as 10% could almost double a carrier’s profits, adoption of an appropriate integrated approach to maintenance operations in the aviation industry to date has been rather slow. Nevertheless, as the competition in the MRO segment intensifies along with the growing global fleet, more and more players are expected to focus [...]
According to industry experts, for numerous reasons around 10-15% of all GH services rendered are not listed on a final invoice. Needless to say, it may translate into significant losses for a service provider. However, specialized interactive business management systems now available to GH service providers may become the long-awaited solution for many industry players. Based on the findings of [...]
In mid-November 2014 the UAE’s low-cost carrier flydubai issued its first Sukuk – a Sharia-compliant financial certificate – raising over USD500 million to support its further growth and refinance current obligations. The five-year-deal received over USD3 billion in orders with 3/5 of investors from the Middle East. While clearly indicating the growing investors’ confidence in the airline industry, the deal [...]
The global helicopter market has been growing for quite a while now with the demand for VIP choppers further accelerated by the recovering business environment and the expanding circle of the rich worldwide. However, even the rich are cost-conscious thus forcing operators and MROs to seek cheaper solutions without compromising high service quality. Air travelling in style has been on [...]
As the demand for air travel keeps rising, the majority of experts agree that the future of the industry is looking bright. It is forecasted that by 2016 aviation will have injected more than $ 1 trillion into the global economy and created (directly and indirectly) almost 70 million jobs worldwide. Ironically, as concerns qualified workforce, ensuring safety of operations [...]
