Turkish Airlines announced (16-May-2024) plans to launch the TKCONNECT New Distribution Capability (NDC) platform from 01-Oct-2024. TKCONNECT will offer travel agencies a range of exclusive features and privileges, including differentiated ticket pricing, NDC only promotional fares, rich content supported with visuals and descriptions, enhanced and promoted ancillary services such as excess baggage, seat selection and special equipment. Starting from 01-Oct-2024, Turkish Airlines bookings made via GDSs will incur a distribution cost charge and the carrier's differentiated rich content products will only be available for TKCONNECT users. [more - original PR]
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Latest News Headlines
Portuguese Government decides to build New Lisbon Airport at Campo de Tiro de Alcochete
Portugal's Council of Ministers announced (14-May-2024) New Lisbon (Montijo) Airport will be constructed at Campo de Tiro de Alcochete. Lisbon Humberto Delgado Airport will cease operations when the new airport is completed. The Portuguese Government decided to temporarily increase Lisbon Humberto Delgado Airport's capacity to 45 movements per hour in response to growing demand, with the airport forecasting 39 million passengers in 2030 and over 100 million in 2050. The Council of Ministers also approved Luís de Camões Airport as the official name of New Lisbon Airport. The new airport will feature two runways with capacity for up to 95 movements per hour and the possibility of expanding to up to four runways. Construction of the first runway requires an investment of EUR3.2 billion, with completion scheduled in 2030. Construction of the second runway requires an investment of EUR2.9 billion and is scheduled for completion in 2031. [more - original PR]
easyJet announced (16-May-2024) plans to open a 10th UK base at London Southend Airport from Mar-2025. The carrier will base three A320neo aircraft at the airport and launch six new routes to Pisa, Gran Canaria, Dalaman, Antalya, Marrakech and Enfidha for summer 2025. Additional new routes will be announced in the coming weeks. The investment will create around 130 direct jobs for pilots and crew and additional indirect jobs. easyJet already serves Amsterdam, Geneva, Faro, Palma de Mallorca, Malaga and Paris CDG from Southend and has handled over seven million passengers from the airport since 2012. [more - original PR]
KeyState and CNX Resources partner to support SAF production at Pittsburgh Airport
Pittsburgh International Airport (PIT) entered (15-May-2024) an agreement with KeyState Energy and CNX Resources to develop a USD1.5 billion plant for the production of hydrogen and sustainable aviation fuel (SAF). The facility will be able to produce up to 68,000 metric tonnes of hydrogen or 70 million gallons of SAF p/a. CNX president and CEO Nick Deiuliis stated: "Our goal is to expand end use opportunities of our abundant, ultra low carbon intensity natural gas to drive further emission reductions, create good paying, local jobs, and enhance PIT's position as an innovative sustainable fuel hub". [more - original PR]
ECAir - Equatorial Congo Airlines, via its official Facebook account, announced (10-May-2024) plans to resume operations on 16-May-2024. The carrier's initial network will include Brazzaville, Pointe Noire and Ollombo. As previously reported by CAPA, the carrier's operations have been suspended since 2016.
Global Infrastructure Partners (GIP) announced (15-May-2024) its consortium Gateway Development Alliance submitted a pre-conditional voluntary offer to acquire all shares in Malaysia Airports (MAHB) at an offer price of MYR11 (USD2.34) per share. The consortium is led by Khazanah Nasional through its wholly owned subsidiary UEM Group and the Employees Provident Fund (EPF). The consortium also includes a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and funds managed by GIP. As of 14-May-2024, the consortium and its parent companies in aggregate own 41.1% of MAHB's issued share capital. Further details include:
- Upon completion of the offer, Khazanah would increase its ownership in MAHB from 33.2% to 40% and EPF would increase its ownership from 7.9% to 30%. Malaysian investors would therefore own 70% of MAHB. ADIA and GIP would hold the remaining 30%. Malaysia's Government would retain special share rights in MAHB;
- The consortium aims to support MAHB to deliver "high priority" capital projects. It will also aim to improve passenger flows and expand the retail and food and beverage offering at MAHB's airports;
- The consortium confirmed there are no plans for layoffs as a result of the offer and that existing employment rights will be safeguarded. There will also be no changes to the passenger service charge rates published by MAVCOM on 12-Mar-2024;
- A formal offer for MAHB is subject to certain pre-conditions and, when made, will be subject to the consortium owning at least 90% of MAHB's issued share capital. If such conditions are met, it is expected that MAHB's shares would de-list from Bursa Malaysia upon completion of the offer, which is estimated to occur in 4Q2024. [more - original PR]
Most Read News Headlines
IATA: Slow aircraft deliveries delay renewal benefits to airlines
IATA reported (10-May-2024) the following details on the pace of aircraft deliveries in the aviation industry:
- The pace at which new aircraft are delivered has slowed "dramatically", first during COVID-19 and subsequently due to ongoing supply chain challenges. Deliveries decreased by 50% in 2020 compared to the peak in 2018 and the global backlog climbed to 17,000 aircraft in 2023. As a result, the average age of the global fleet increased from just over 13 years in 2018 to 14.6 years in 2023;
- The drop in deliveries contrasts with a sharp rise in new aircraft orders. 4745 aircraft were added to order books in 2023. Given the bottlenecks in the supply chain, these purchases will take longer to impact the average age of the global fleet, delaying the benefits to airlines in terms of lower fuel consumption and CO2 emissions;
- Most of the new aircraft went to Asia Pacific, the Middle East and Latin America, where airlines received three times more aircraft than in the previous decade. A younger fleet, new engine options and higher seat density led to improved fuel efficiency. During this period, fuel consumption per available tonne kilometre decreased by 15%;
- Had the renewal rate stayed above 5% during the 2019 to 2023 period, around 3000 additional aircraft would have been delivered. This theoretical shortfall will only be partially met by the 1600 aircraft deliveries expected in 2024, equal to 4.6% of the global fleet.
IATA stated: "As big a role as fleet renewal can play in the decarbonisation of air transportation, it cannot produce results any faster than the aircraft can be delivered". [more - original PR]
Qantas 'becoming a more point-to-point direct carrier': Senior EVP Americas
Qantas Airways senior EVP the Americas Oronzo Miccoli, speaking at the CAPA Airline Leader Summit Americas 2024, stated (09-May-2024) "Long haul is ingrained in how we set up the entire business, out of necessity". He added: "Six or seven years ago, we realised our flight planning system is so critical to our operation, because of the way we have to optimise fuel for a 17 hour sector. We realised an off the shelf product that was customised wasn't going to be optimal, so we went and built our own with industry partners, because we needed that to be a leader in long haul aviation". Mr Miccoli also commented on the carrier's network rebuild in the Americas, stating: "Once the taps were turned on and the borders were open, demand came through and came through fast, and our challenge was getting aircraft back in the sky fast to fulfil that demand. We're probably at 80% capacity relative to pre-pandemic. To be honest, we've stopped trying to reference to that pre-COVID period because our network structure is fairly different". Mr Miccoli added: "We're slowly but fundamentally becoming a more point-to-point direct carrier. We know our customers are demanding that... and we know they're willing to pay a premium".
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This report aims to benchmark the performance of the world’s major airlines – to understand their relative carbon emission quantity and intensity with respect to passenger and freight transport.