TOMORROWS TRANSPORTATION NEWS TODAY!
Qatar is expected to agree on Tuesday to release detailed financial information about its state-owned Qatar Airways, U.S. State Department officials said late on Sunday, a move that follows pressure from U.S. airlines for it to disclose any potential subsidies it has received.
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Qatar Airways financial disclosures
United Airlines is facing increased competition from its arch-enemy Emirates at its Newark Liberty International Airport hub.
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United Airlines facing increased competition
Dubai Aviation Engineering Projects, the group responsible for the planning and development of airports in Dubai, is currently working on a massive expansion project at the Al Maktoum International Airport. Started in 2014, the $32.67 billion US dollar expansion will turn the airport into the world’s biggest and busiest when completed. The expansion is needed to relieve the pressure at Dubai International Airport, which is now operating near its maximum capacity. There is no available room for growth at Dubai International Airport, so a new solution is required.
The first phase of the expansion, which was started in early 2017, is expected to be completed by the middle of 2018. The initial part of phase one includes the construction of new terminal buildings and concourses, and expansion of the existing facilities at the airport. This will be followed by construction of 2 new parallel runways, and six new train tracks connecting the terminal buildings and concourses. The new tracks will consist of two each for departures, arrivals, and transfers, with a separate station for each function.
The last phase of the expansion will add two more new runways, increasing the grand total to five. This phase will also include the construction another new terminal facility on the east side of the airport. The new terminal facility will include two separate concourses. Six additional train tracks with seven stations will connect the new terminal to the existing airport facilities. The expansion project was designed by Leslie Jones Architecture, and is scheduled to be completed by 2025.
The Airbus A380 has regained conciousness with a new order from Emirates for 20 more of the double-decker superjumbos, plus an option for up to 16 additional aircraft.
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Airbus May Stall A380 Production: Is Boeing 777X in Focus?
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Just read a great article on the question of China and the Airbus A380.
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Airbus is reportedly drafting plans to wind down its A380, leaving two aerospace analysts divided about whether the superjumbo jet can survive — and how.
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Airbus A380’s fate up in the air…
European air cargo giant Cargolux said it’s considering a plan to add more Boeing 747 freighters to its fleet in 2018.
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A provision buried in the Senate tax bill could tax income earned by foreign airlines in the U.S.
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Qatar Airways has agreed to buy a 9.6% stake in Hong Kong based Cathay Pacific Airways for $660 million. The investment comes as Qatar Airways has been searching for ways to expand globally for the last few years. The air carrier, based in the State of Qatar in the Persian Gulf region, recently dropped an unsolicited bid for a 10% stake in U.S. based American Airlines Group. Qatar Airways and Cathay Pacific are both members of the oneworld frequent flier alliance, which allows each carrier’s customers to earn and redeem miles on the other’s flights.
The investment is the first by a Middle East air carrier in an Asian airline. The deal also comes on the heels of Qatar Airways purchasing a 20% stake in British Airways parent International Consolidated Airlines Group, a 10% stake in South America’s LATAM Airlines Group, and a 49% stake in Meridiana Airlines of Italy. The leading air carriers in the world have been investing in other regional airlines to try and expand their global footprint, but the strategy has been hit and miss. The collapse of both Alitalia and Air Berlin followed the cutoff of funding by their partner Etihad Airways. American Airlines last March committed to investing $200 million in China Southern Airlines in a bid to access a bigger share of China’s growing travel market. That deal represented around 2.8% of China Southern’s shares.
Management at American Airlines showed no interest in any involvement Qatar Airways. The U.S. carrier opposed the unsolicited offer, which came as American, Delta and United are all publicly accusing Qatar Airways, Etihad Airways, and Emirates of receiving unfair subsidies from their governments. The North American carriers have been lobbying the U.S. government to restrict the Middle East carriers rights to fly to the United States. Since 2004, proven subsidies to the 3 Gulf carriers have totaled almost $50 billion. This has allowed them to expand without the normal financial realities by which privately held airlines must abide.
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