Cork and Shannon Airports could see increased passenger numbers
A member of the EU Transport committee has welcomed recent opportunities for Shannon and Cork airports to grow transatlantic traffic. Mostly thanks to low costs airlines launching new routes.
Ireland South MEP Deirdre Clune has compared current route expansions to the emergence of low cost short haul flights across Europe in the late ‘90s.
She believes that more low cost carriers on transatlantic routes will mean cheaper flights, more choice and more opportunities for inbound tourists.
Clune said: “The introduction of next generation narrow body, single aisle jets that can fly six to eight hour routes at a lower cost than the wide body aircraft make transatlantic journeys a more profitable prospect…”
The UK Government has started its first consultation on a new aviation strategy, four years after the publication of its ‘Aviation Policy Framework’. A press release stated: “It is the right time to create a new aviation strategy…This will set out the long-term direction for aviation policy making for 2050 and beyond. In doing so, it will build on our aviation success.” In order to complete the strategy, the views of passengers, business customers, airports and airlines, industry organisations, environmental groups and communities will be sought. Transport secretary Chris Grayling said: “Aviation is central to our future prosperity as we leave the European Union…As a global, trading nation, we want to build on the great industry we have today and create opportunities for people up and down the country.” ARTICLE: UK begins work on over-arching aviation strategy
Boeing has posted second-quarter profits and cash results that beat estimates, with shares increasing by almost 8 per cent to a record high.
The profits come after the plane maker cut spending by streamlining production, reducing payrolls and winding down development costs. In addition, its 787 Dreamliner contributed about $530 million to its kitty in the quarter.
Boeing shares jumped 7.9 per cent to $229.22 in early trading. The stock has soared 37 per cent this year.
Analyst Robert Stallard at Vertical Research said the results were “about as close to perfect as it gets from Boeing.”
IAG Chief Executive sees “short term” challenges ahead of Brexit
Chief executive of International Airlines Group Willie Walsh has given his views on challenges for the aviation industry, including Brexit. He recognized how low-cost airlines have made “legacy” airlines up their game following the EU’s open-skies policy and how cheaper ticket prices have been driven by competition. Walsh also gave his views on the impact that Brexit will have on the aviation industry. He said: “I think it is the greatest challenge for the industry in the short term.” But he remains optimistic that there will be a solution because the industry is reminding both sides in the talks of the benefits of open skies, and the UK government is conscious of the sector’s position. ARTICLE: Blue-sky thinking needed for aviation, says IAG chief executive Source: Irish Times