All Air Transport articles – Page 127
-
NewsLOT bracing for more turbulence as it strives to recover from heavy losses
Polish flag-carrier LOT has disclosed that it made a net loss of zl1.33 billion ($281 million) last year, a deterioration on the zl1.04 billion of 2020. The airline revealed the figure in annual activity documents newly filed with the Polish ministry of justice. It turned in total revenues last year ...
-
NewsPorter enters sale-and-leasebacks for a dozen E195-E2s
Canada’s Porter Airlines has added more lessors to its fleet-sourcing for Embraer 195-E2 twinjets, with sale-and-leaseback agreements for a dozen aircraft equally split between TrueNoord and funds linked to Apollo and Merx Aviation. The arrangement means the carrier has secured lease agreements with five lessors covering 26 E195-E2s. Porter ordered ...
-
NewsInsurance firm Phoenix takes near-20% share of El Al loyalty programme
Israeli insurance firm Phoenix is taking a near-20% shareholding in flag-carrier El Al’s loyalty programme. Phoenix is exercising an option to acquire the 19.9% stake as part of a financing transaction sealed earlier this year. Under the agreement it is able to purchase up to 25% of the loyalty scheme, ...
-
NewsRyanair and Lufthansa Group sign for sustainable fuel with OMV
Budget carrier Ryanair has reached a provisional agreement with Austrian energy firm OMV covering the supply of sustainable fuel at various airports. The memorandum of understanding will give Ryanair the ability to purchase up to 160,000t of fuel over the next eight years. Ryanair says the agreement will involve delivery ...
-
NewsWizz Air firms purchase rights on another 75 A321neos
Central European budget carrier Wizz Air is exercising purchase rights to take another 75 Airbus A321neo twinjets. Chief executive Jozsef Varadi says the A321neo will provide a “strong platform” for the airline’s growth, and that Wizz remains “on track” to be a 500-aircraft group by the end of the decade. ...
-
NewsGulfstream amped up software testing to meet FAA’s post-Max oversight
Gulfstream completed comprehensive “model-based” software validation to clear FAA’s new hurdles for software approval.
-
![Piston Islander by Needle[1]](https://d3lcr32v2pp4l1.cloudfront.net/Pictures/100x67/2/5/6/89256_pistonislanderbyneedle1_773195.jpg)
NewsProject Heart pushes ahead with sub-regional plans as phase 3 funding kicks in
A UK government-backed consortium seeking to develop technologies that could revolutionise sub-regional aviation could begin tests of a highly automated, retrofitable flight-control system as early as next July.
-
NewsAustrian Airlines receives first A320neo
Lufthansa Group carrier Austrian Airlines has received its first Airbus A320neo following a flight from Toulouse on 13 September. The aircraft (OE-LZN), fitted with Pratt & Whitney PW1100G engines, arrived in Vienna as flight OS1472. It has been delivered with an all-white fuselage and fin, because it is to be ...
-
NewsGerman government support fund sells entire remaining Lufthansa shareholding
Germany’s economic stabilisation fund has fully withdrawn its interest in flag-carrier Lufthansa, stating that its role in securing the company is complete. The fund contributed to the airline through state-aid measures implemented in 2020 as the pandemic crisis took hold. This aid took the form of a ‘silent’ participation of ...
-
NewsBoeing lands fewer orders in August but deliveries increase as 787 shipments resume
Boeing’s order activity ticked down in August following a strong July, with the company booking deals for 30 aircraft and logging cancellations for four jets last month.
-
NewsBluebird Nordic holding firm to set up Indonesian cargo carrier
Icelandic cargo carrier Bludbird Nordic’s holding firm has established a new operation in Indonesia, which will conduct services under a separate air operator’s certificate. The new carrier, BBN Airlines Indonesia, was set up by BBN Cargo Airlines Holdings at the end of August. It will manage cargo services at Jakarta’s ...
-
NewsVallair picks up ex-AtlasGlobal A321 for part-out
European aircraft asset specialist Vallair has purchased an Airbus A321 most recently operated by Turkish carrier AtlasGlobal, intending to part-out the twinjet. It has identified the airframe as MSN1008 which was originally delivered to Japanese carrier All Nippon Airways in 1999. The jet was fitted with International Aero Engines V2500 ...
-
NewsSAS seeks approval for sale-and-leaseback of A320neos
Scandinavian carrier SAS is seeking court approval to proceed with a sale-and-leaseback transaction covering six Airbus A320neo jets to be delivered before the end of this year. The aircraft are the subject of a provisional agreement with Griffin Global Asset Management. SAS is progressing with a fleet re-organisation, under US ...
-
NewsA350-1000 software update follows analysis of rudder oscillatory-failure risk
Airbus A350-1000 operators are set to be told to install updated flight-control and avionics software to reduce risk associated with oscillatory failure cases affecting the rudder. Oscillatory failure cases result from malfunctions in servo systems coupled to flight-control surfaces. The situation triggers control-surface oscillations which can then lead to excessive ...
-
NewsEASA approves Avensis Class E cargo modification for A330
European regulators have granted a supplemental type certificate to an Airbus A330 freighter conversion programme to fit a Class E compartment. Portuguese operator TAP’s air cargo division is the launch customer for the modification, which has been supported by TAP’s maintenance and engineering arm. The programme – developed by Avensis ...
-
NewsMNG takes second converted A330 and indicates plans for A321 freighters
Turkish cargo carrier MNG Airlines has taken delivery of a second converted Airbus A330-300 freighter from modification specialist EFW, and indicated plans to introduce A321 freighters. The aircraft – MSN889, registered TC-MCN – brings the operational fleet of A330P2Fs from the programme to 20. It has undergone conversion over the ...
-
Airline BusinessPegasus chief Ozturk sets diversity example as carrier plots international growth
The Turkish budget airline’s recently appointed chief executive is passionate about improving gender diversity in the industry – and leading the operator’s international expansion
-
NewsEl Al to repay government loan by year-end under revised aid pact
Israeli flag-carrier El Al has reached a new agreement with the government under which it will advance repayment of $45 million in support loans granted by the state. The repayment, brought forward by two years, will be carried out by 20 December. El Al says the new pact means most ...
-
NewsSAS obtains court approval for bridge financing
Scandinavia’s SAS has obtained court approval for the $700 million bridge financing agreed with funding firm Apollo Global Management. SAS, which is restructuring under US Chapter 11 protection, had disclosed on 14 August that it had secured the provision agreement for debtor-in-possession financing. The company says the court approval for ...
-
NewsAnalysts warn small aerospace suppliers could topple amid recovery
More small aerospace suppliers could fail under economy pressure as the aerospace industry recovers from the Covid-19 pandemic.