Tag: airlines

Why Ihor Kolomoisky’s Airline Empire Fell
Analysis

Why Ihor Kolomoisky’s Airline Empire Fell

Relatively unknown to people in the West, Ukrainian oligarch Ihor Kolomoisky once owned an airline empire that spanned Europe. But then, he threw it all away... And whilst there are rumors he maintains ownership of a few airlines to this day, it is impossible to prove these claims and the fact of the matter remains: the airlines he once owned openly are no more. (adsbygoogle = window.adsbygoogle || []).push({}); Who is Ihor Kolomoisky? Unlike other airline moguls like Michael O'Leary and Richard Branson, Ihor Kolomoisky isn't exactly a household name in the West, even if he is in his native Ukraine. Born into a Jewish family of engineers in Dnipropetrovsk (modern day Dnipro), then in the Ukrainian SSR in the Soviet Union, Ihor followed in his parent's fo...
Airlines

All 9 Types of Airlines Explained

Legacy Carriers The heavyweights of the airline industry, legacy carriers are often among the largest airlines in the world in terms of revenue, fleet size and number of employees (among others). Unlike other types of airlines, there is no set definition for a legacy carrier, though is generally used to mean any airline with a transcontinental presence and revenues exceeding $1 billion USD. Traditionally, legacy carriers are the largest airline and flag carriers of their home country (though not always, as in is the case in the US who refuses to have one) and dominate traffic at their country's largest airport. As a general rule, legacy carriers not only have a presence in neighboring countries, but on different continents too, where they compete with rival flag c...
Why is Oceanic Airlines Used in so Many Films?
Airlines

Why is Oceanic Airlines Used in so Many Films?

What do Executive Decision, Marvel's Daredevil comics, and White Collar all have in common? Aside from being icons in their own right, all feature a particular fictional airline: Oceanic Airlines. All while none are part of the same universe... Indeed, it seems that whenever pop culture wants to depict a fictional airline, the name they go with is Oceanic Airlines, or sometimes the similar Oceanic Airways, but why exactly is this? (adsbygoogle = window.adsbygoogle || []).push({}); History But before we can discuss exactly why Oceanic Airlines is used in so many films, TV shows, video games and more, we should probably look at how the fictional airline came to be... Origins As aviation became more accessible and more people were exposed to aviation thanks ...
How to Start an Airline in 7 Easy Steps!
Airlines

How to Start an Airline in 7 Easy Steps!

It's often said that you're either a genius or completely mad if you want to start an airline. So for those geniuses or whack jobs out there, how exactly do you start your own airline? But it's not just about starting your own airline, it's about running it well and making sure to always stay one step ahead of the competition. One wrong step and you can easily join the long list of airlines that have failed for one reason or another. (adsbygoogle = window.adsbygoogle || []).push({}); 7. Have an Interest in Aviation Though obvious and often overlooked, any prospective airline entrepreneur should have an interest in aviation, just as a prospective tech entrepreneur should have for the tech industry, or a media entrepreneur for the media industry. Most prospec...
Why airlines go out of business…
Airlines

Why airlines go out of business…

More airlines went out of business in 2019, with many more yet to come. Many people wonder the reasons airlines go out of business, yet few know the answer. Here's why... Naturally, there is no single event or reason that causes airlines to go out of business. Usually, they all play a part, it's just some are more potent to the airline than others! (adsbygoogle = window.adsbygoogle || []).push({}); Bad management Gary Kelly is one of the few airline managers who isn't considered to be bad. Photo courtesy of Eric Garcetti via Flickr Often, bad management is cited as the most common reason why airlines go out of business. It may have nothing to do with the pilots and other staff, that causes the airline to collapse. It might just be that the people running t...
How is the devastating Coronavirus affecting the aviation industry?
Analysis

How is the devastating Coronavirus affecting the aviation industry?

That's it. Once again, you've read another article from yet another news source about Coronavirus. You've probably kept up with the latest stats, whether on the number of people affected, or the number of people who have passed  from it. The coronavirus is affecting each industry, in its own little way. Some industries are thriving, others are collapsing, so how is the aviation industry fairing? The coronavirus is hitting each industry in different ways. For some industries, the virus has caused a complete collapse in the market, as people do not want anything associated with the coronavirus, this is hitting Chinese businesses like Alibaba the most. For other industries, such as health and disaster prepping industries, stocks and profitability have never been higher! ...
Why do people save airlines?
Airlines

Why do people save airlines?

It may be a rare sight, but people do save airlines from going out of business entirely. When people try to do this, it often fails miserably, and ends up being laughed at in the media. But sometimes it does succeed. So why do people save airlines? Some people save airlines due to many reasons. Some of these people make their intentions public, stating that they are interested in the business, or are looking to expand their own. Others, have kept their reasons more reserved. Whether it is a personal reason, or a sentimental reason. (adsbygoogle = window.adsbygoogle || []).push({}); Reasons people try to save airlines Beat the consolidation, consolidation in the airline industry is well known and well documented. Some people have the belief that they can defeat the cons...
What is the future of aviation? Aviation in 10 years…
Analysis

What is the future of aviation? Aviation in 10 years…

We have had aviation for over 100, since the Wright Brothers first flew in 1903, but what about the future of aviation? What can we expect of aviation in the next 10 years or so?  The future of aviation can really be broken down into 5 key points:  Environmental  Speed Efficiency  Size The death of the Hub and Spoke theory  What is the future of aviation environmentally? Aviation has grown exponentially in the last 10 years, but the next 10 years will be the most significant for the industry.  Aviation is currently the main focus of environmental activist groups. They believe that not enough is being done to curb the amount of CO2 being pumped into the atmosphere by our aircraft. This is something that they believe has to change now.  They propose that regional ...
Why have low cost long-haul airlines gone under in the last 5 years?
Airlines

Why have low cost long-haul airlines gone under in the last 5 years?

Airlines going under isn’t a new thing, since the first airlines started, some airlines have gone under. But this phenomenon of low cost long-haul airlines going under has been exasperated in the past 5 years. So, why have low cost long-haul airlines gone under in the last 5 years? Most of the time, airlines have gone under due to poor management of finances, but the past 5 years have proven different. Whilst poor financial management may have been a factor, the main issue is sustainability.  Most of the airlines that have gone under have been low cost long-haul airlines. These m are not usually your typical low cost airlines like Ryanair or EasyJet, but are usually low cost and long-haul airlines. Think along the lines of Wow Air, Thomas Cook and Primera Air- all of these had the same...
A380: ‘SuperJumbo’
Aircraft Digest

A380: ‘SuperJumbo’

A few weeks ago we talked about the Boeing 747. This week, it’s their rivals turn... with Air France announcing that all of their A380 will be retired by 2022.  The 747 is well known for its nickname ‘Queen of the Skies’ or the ‘Jumbo Jet’. But the A380 is much bigger than the 747, hence it was dubbed the ‘Superjumbo’ by the media. Airbus built the A380 as direct competition to the Boeing 747 monopoly. How was the A380 brought into being? Airbus saw that Boeing enjoyed a sort of monopoly with its 747. It was the only ultra-high capacity airliner (UHCA). Airbus tasked a team of engineers under the leadership of Jean Roeder to begin development in secret.  However, the A380 project had not been the first to attempt to challenge the 747. The MD-12 was. The MD-12 was a double deck aircraft th...