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With a massive European market plunge in the beginning of 2012 followed by a number of hardly positive economic forecasts, the aftermath of the Financial Crisis 2008 continues the bombardment of the European economy. With salary-cutting policies and the Eurozone unemployment rate to reach its highest ever rate of 11,1%, the region’s air carriers have
In spite of vigorous and constant progress in aircraft manufacturing technologies, flights are still not 100% safe. Human factor remains to be the most common reason for aviation accidents and incidents, thus it is up to airlines, MROs and other market players to develop strategies aimed at lowering the associated risks. The improvements are necessary
The current market of aircraft spare parts and components comprises a variety of different types of players acting as suppliers – from airlines, OEMs and PMAs to independent distributors, base operators, salespersons and brokers. However, as the market is geographically very scattered, in some cases access to certain aircraft spares can be quite limited or
With the Latin American countries to boost their economies above the world average rate, the region’s air traffic is no exception – according to Airbus, by 2030 it is expected to be subject to the forecasted 6% annual growth. Meanwhile, the region’s airline industry may face development-related obstacles since some local airlines nowadays are forced
In February 2012 the Estonian flag carrier – Estonian Air – announced its full aircraft fleet renewal, shifting from multi-type to single Embraer E-jets series fleet. The national carrier of the neighbouring Latvia – airBaltic – has also spoken about the plans to send all of its remaining Fokker 50s to retirement by the end
According to the latest ACI Europe airport review, the Baltic States are among the fastest growing passenger markets, with 38,7% and 28.4% year-to-year passenger increase at Vilnius and Tallinn airports respectively. Should the figures keep rising in the future, regional carriers will naturally increase the number of both flights and routes. However, with more flight
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