Latest news with #aviationindustry
Reuters
11 hours ago
- Business
- Reuters
Airbus confirms it delivered 51 jets in May
NEW DELHI, June 5 (Reuters) - Europe's Airbus ( opens new tab said on Thursday it had delivered 51 jets in May, down 4% from the same month last year. Confirming a Reuters report, the planemaker said it had delivered 243 aircraft so far this year, down 5%. In a monthly round-up, Airbus reported no new orders in May. Since January, the company has sold 291 aircraft or a net total of 215 after cancellations.
Skift
4 days ago
- Business
- Skift
India Is Now a Top 3 Global Aviation Market — 5 Takeaways from its Rapid Rise
India's place in global aviation is no longer a potential, it's a reality. And what's fueling it? Booming domestic demand, a young fleet, and international ambitions. India is now the world's third-largest aviation market, a milestone that has been highlighted in a new report released Sunday by the International Air Transport Association (IATA). India's 174 million passengers in 2024 accounted for 4.2% of global air traffic, compared to China's 16.7% and over 18% for the U.S. While that marks a major leap, more than double India's passenger volume from just over a decade ago — the gap with the top two markets remains significant. Still, the runway ahead is long: IATA projects India's annual passenger traffic to triple by 2044, reaching 425 million journeys per year. But as the report makes clear, the real story isn't just in the numbers, it's in how aviation is reshaping the Indian economy, connectivity, and global footprint. Here are five key takeaways from IATA's deep dive into India's rapidly evolving aviation landscape: 1. Aviation Is Now a Cornerstone of the Indian Economy Aviation's role in India has expanded well beyond transport. In 2023, the sector contributed $53.6 billion to GDP and supported 7.7 million jobs, according to IATA. That includes direct employment in airlines and airports, plus millions more supported through aviation-driven tourism, trade, and logistics. 2. Domestic Travel Is Soaring With nearly 80% of the country's air traffic coming from domestic routes (136 million passengers in 2024), India's geography is playing a big role. Flying a distance of 2,500km from Delhi to Bengaluru, for instance, takes about three hours — compared to up to 45 hours by train. Between 2011 and 2024, domestic air traffic grew 2.4 times, with low-cost carrier IndiGo driving much of that growth. IndiGo operated more than half of all flights in the country. 3. International Travel Is Back India's international traffic has rebounded stronger than domestic post-Covid. By late 2024, international traffic was 20% higher than in 2019. The Middle East remains the biggest destination region, led by the UAE, accounting for 7.6 million passengers, nearly 20% of all international departures. The U.S. follows with 3.5 million passengers and over a 9% market share. The report released at the IATA annual general meeting points out: 'A number of new long-haul connections were opened between India and both North America and Africa… likely to translate into opportunities to increase economic activity, trade and tourism.' 4. Low-Cost Carriers Dominate Low-cost carriers now control 71% of scheduled seat capacity, up from 51% in 2014. IndiGo leads with a 53.4% market share, followed by Air India at 12.1% and Air India Express at 8.6%. International carriers like Emirates, Etihad, and Singapore Airlines also feature among the top 10, though with relatively smaller shares. As LCCs expand, fares are falling: domestic ticket prices are down 21% since 2011, and international fares have dropped 38%, adjusted for inflation. 5. India's Fleet Is Growing Fast and Getting Younger India's commercial aircraft fleet has more than doubled in the past decade, with 860 aircraft now in service — about 2.4% of the global fleet. Most of this growth is driven by IndiGo. India also has one of the youngest, most fuel-efficient fleets in the world, with an average aircraft age of just 7.3 years, compared to the global average of 14.8 years. And the growth is far from over: Indian carriers have 739 aircraft on order over the next five years.
Zawya
29-05-2025
- General
- Zawya
Reflections over air accidents in Nigeria
The recent crash-landing of a Diamond training aircraft at the General Tunde Idiagbon International Airport in Ilorin serves as a stark reminder of the importance of aviation safety in Nigeria. Fortunately, both occupants of the aircraft survived the incident, albeit with injuries that required medical attention. The Nigerian Safety Investigation Bureau (NSIB) has launched a thorough investigation into the incident, and their efforts will undoubtedly shed light on the causes of the crash. As the NSIB investigation unfolds, it is worth reflecting on the history of air accidents in Nigeria. The country has experienced its fair share of aviation tragedies over the years, with some incidents resulting in significant loss of life. One of the most notable incidents was the Sosoliso Airlines Flight 1145 crash in 2005, which claimed the lives of 108 people. Another tragic incident was the Dana Air Flight 0992 crash in 2012, which resulted in the loss of 153 lives. These incidents highlight the critical importance of aviation safety and the need for robust safety measures to prevent such tragedies from occurring. The NSIB plays a vital role in ensuring aviation safety in Nigeria, and their investigation into the recent crash-landing in Ilorin will be crucial in determining the causes of the incident and identifying measures to prevent similar incidents in the future. The aviation industry in Nigeria has made significant progress in recent years, with improvements in safety standards and regulatory frameworks. However, the recent incident serves as a reminder that there is still work to be done to ensure the safety of air travelers in Nigeria. The NSIB's investigation will undoubtedly provide valuable insights into the causes of the crash and help to identify areas for improvement. In the aftermath of the incident, the Kwara State Government has expressed relief that the occupants of the aircraft survived the crash. The government has also commended the efforts of the NSIB for launching a formal investigation into the incident. This response demonstrates the government's commitment to aviation safety and its willingness to work with regulatory agencies to ensure that safety standards are upheld. As the investigation into the recent crash-landing in Ilorin continues, it is essential to recognise the importance of transparency and accountability in aviation safety. The NSIB's commitment to transparency throughout the investigation is a welcome development, and their findings will undoubtedly provide valuable insights into the causes of the incident. The aviation industry in Nigeria is growing rapidly, with increasing demand for air travel and a growing number of airlines operating in the country. However, this growth must be accompanied by robust safety measures to ensure that the safety of air travelers is not compromised. The NSIB's investigation into the recent crash-landing in Ilorin will be critical in identifying areas for improvement and ensuring that safety standards are upheld. In conclusion, the recent crash-landing of a Diamond training aircraft at the General Tunde Idiagbon International Airport in Ilorin serves as a reminder of the importance of aviation safety in Nigeria. The NSIB's investigation into the incident will be crucial in determining the causes of the crash and identifying measures to prevent similar incidents in the future. As the aviation industry in Nigeria continues to grow, it is essential to prioritize safety and ensure that robust safety measures are in place to protect air travelers. The NSIB's role in ensuring aviation safety in Nigeria cannot be overstated. The bureau's investigation into the recent incident demonstrates its commitment to transparency and accountability, and its findings will undoubtedly provide valuable insights into the causes of the crash. As the aviation industry in Nigeria continues to evolve, it is essential to recognize the importance of safety and to prioritize measures that ensure the safety of air travelers. Ultimately, the safety of air travelers in Nigeria depends on the effectiveness of the country's aviation safety regulatory framework. The NSIB's investigation into the recent crash-landing in Ilorin will be critical in identifying areas for improvement and ensuring that safety standards are upheld. By prioritizing safety and ensuring that robust safety measures are in place, Nigeria can continue to grow its aviation industry while protecting the safety of air travelers. The recent incident also highlights the importance of effective emergency response and medical care in the aftermath of an aviation incident. The fact that both occupants of the aircraft received medical attention promptly is a testament to the preparedness of emergency responders in Ilorin. The NSIB's investigation will undoubtedly provide valuable insights into the response to the incident and identify areas for improvement. In the end, the investigation into the recent crash-landing in Ilorin will be a critical step in ensuring that safety standards are upheld in Nigeria's aviation industry. The NSIB's commitment to transparency and accountability will be essential in identifying the causes of the incident and preventing similar incidents in the future. As the aviation industry in Nigeria continues to grow, it is essential to prioritise safety and ensure that robust safety measures are in place to protect air travelers. The incident also underscores the importance of regular maintenance and inspection of aircraft to prevent mechanical failures that could lead to accidents. The NSIB's investigation will likely examine the maintenance history of the aircraft and determine whether any mechanical issues contributed to the crash. Copyright © 2022 Nigerian Tribune Provided by SyndiGate Media Inc. (
Malay Mail
26-05-2025
- Business
- Malay Mail
Jet, set, go: Titan Aviation sets up Malaysia base for South-east Asia expansion
KUALA LUMPUR, May 26 — Global aircraft management company, Titan Aviation has officially launched its operations in Malaysia. In a statement today, the United States (US) and Dubai-headquartered company aims to deliver its renowned operational excellence and industry-leading safety standards to aircraft owners and high-net-worth individuals seeking private aviation solutions. 'The addition of Malaysia as a regional hub enhances the company's ability to offer aviation services in Southeast Asia's second-largest aviation hub that continues to grow as a business and tourism centre,' it said. Its managing director, Captain Sakeer Sheik said Malaysia is a critical gateway in Southeast Asia-not just geographically, but in terms of demand for bespoke, trustworthy private aviation services. 'Our presence here allows us to support aircraft owners, charter clients, and business travellers with unmatched responsiveness, technical depth, and operational transparency,' he said. Sakeer noted that the Malaysian government and its local authorities are welcoming of new players in the country to offer a variety of aviation services adhering to global standards. Titan Aviation also said the new Malaysian base will offer a wide range of services, including aircraft management, private jet chartering, aircraft sales and acquisition, Continuous Airworthiness Maintenance Organisation (CAMO) and technical services, as well as staffing solutions. It also offers Malaysian clients preferential insurance terms, faster claims and lower premiums through its group fleet coverage. 'Whether it's managing a Gulfstream for a Malaysian corporate or arranging a last-minute charter to Hong Kong or Jakarta, our team here is equipped and empowered to deliver,' added Sakeer. Founded in 2004, Titan Aviation manages a growing fleet of over 30 aircraft and helicopters globally-including Gulfstream jets and the Dassault Falcon-and operates across the US, Europe, the Middle East, and South and Far East Asia, including Indonesia, Cambodia, Singapore, and India. — Bernama
Globe and Mail
23-05-2025
- Business
- Globe and Mail
Textron Wins Order to Supply up to 12 Citation Jets in Mexico
Textron Inc.'s TXT business segment, Textron Aviation, recently revealed that it has signed an agreement with Aerolineas Ejecutivas, Mexico, to supply up to 12 Cessna Citation business jets. The jets will be a combination of Citation CJ3 Gen2, Citation CJ3 Gen3 and Cessna Citation Latitude jets. Four aircraft, including two Citation Latitudes and two Citation CJ3 Gen2 aircraft, are scheduled to be delivered in 2026. This order should bolster TXT's footprint in the Latin American business aviation market. Textron's Proficiency in Business Aviation Textron Aviation stands as a prominent leader in the business aviation industry, primarily through its renowned Cessna Citation series of business jets. It has the world's most versatile and comprehensive business jet portfolio, which includes the Citation M2 Gen3, Citation CJ3 Gen3, Citation CJ4 Gen3, Citation Ascend, Citation Latitude and Citation Longitude. These jets come with impressive cabin interiors that are designed with thoughtful details like flexible seating configurations, ample legroom and ambient lighting, making them even more attractive for business class travel. Such features must have been attracting airlines to select TXT's Citation jets as their preferred business aircraft, as further evidenced by the latest order win. TXT Stock's Growth Potential Steadily growing global air travel and gradually improving economic conditions of nations across the board, along with an increasing number of high-net-worth personnel, are expected to drive the growth of the business jet industry in the coming days. In line with this trend, the Mordor Intelligence firm expects the global business jet market to witness a CAGR of 3.8% during the 2025-2030 period. Such growth prospects should benefit Textron, with its Textron Aviation segment being one of the prominent business jet makers. Citation Latitude has been the world's most-delivered midsize business jet for nine consecutive years, which offers TXT a solid competitive edge in the business jet market and should enable the company to win more such orders, like the latest one, in the near future and significantly boost its future revenues. Opportunities for Other Aerospace Stocks Apart from TXT, aerospace companies that are likely to reap the benefits of the growing business jet market are as follows: The Boeing Company BA: It has been the premier manufacturer of corporate jetliners for decades. Its BBJ 787 is a large business jet featuring a composite airframe and a low cabin altitude system. Its BBJ 737 MAX is the longest-range, non-widebody business jet, which can fly 6,600 nautical miles (12,220 km) nonstop. Boeing has a long-term (three to five years) earnings growth rate of 17.9%. The Zacks Consensus Estimate for BA's 2025 sales suggests growth of 25.6%. Airbus SE EADSY: Its business unit, Airbus Corporate Jets, manufactures and markets business jet variants of the company's airliners. Its portfolio includes corporate jets like ACJ TwoTwenty, ACJneo, ACJ33neo and ACJ350. Airbus has a long-term earnings growth rate of 4%. The Zacks Consensus Estimate for EADSY's 2025 sales implies growth of 10.4%. General Dynamics Corp. GD: Its Aerospace segment is recognized as a well-known producer of business jets. Its Gulfstream G800 is the world's longest-range business aircraft, while the G700 offers the most spacious cabin in the business aviation industry. General Dynamics has a long-term earnings growth rate of 10%. The Zacks Consensus Estimate for GD's 2025 sales suggests growth of 5.8%. TXT Stock Price Movement In the past month, shares of Textron have risen 8.2% compared with the industry 's growth of 10.8%. TXT's Zacks Rank Textron currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.0% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Boeing Company (BA): Free Stock Analysis Report General Dynamics Corporation (GD): Free Stock Analysis Report Textron Inc. (TXT): Free Stock Analysis Report Airbus Group (EADSY): Free Stock Analysis Report
