All Air Transport articles – Page 228
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NewsFinance minister castigated as state bails out SAA
South African Airways is to be allocated R10.5 billion ($642 million) to implement its business rescue plan, the country’s finance minister has disclosed in a speech to parliament. Tito Mboweni outlined the funding in a medium-term budget policy statement on 28 October. He said that R10.5 billion would be assigned ...
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NewsBoeing sees nine-month losses balloon to $3.5 billion
Boeing lost $466 million in the third quarter of 2020, bringing the company’s losses in the first nine months of 2020 to $3.5 billion.
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NewsBoeing aims for nearly 20% staff cuts by end-2021
Boeing anticipates finishing 2021 with 130,000 employees, roughly 19% fewer than the 161,100 it had in 2019.
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NewsFinnair ratchets up long-term savings as nine-month loss reaches €450m
Finnair is again hiking its target for permanent cost savings from 2022, raising it to €140 million ($165 million) from the previous level of €100 million. It had already increased the target in August, lifting it from the original figure of €80 million. The Nordic carrier disclosed the change as ...
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NewsMore aircraft production rate cuts coming? Perhaps, analysts say
Some financial analysts suspect airframers might further cut aircraft production in 2021 owing to the depth of the pandemic-driven aerospace downturn.
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In depthCAE to help aspiring pilots fund their training
Scheme to give less-well-off candidates a route to the cockpit could help with supply once demand returns.
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In depthWhy is flightcrew training failing so many?
Regardless of the current crisis, many would-be commercial pilots lack the aptitude to get an airline job. One aviation veteran believes changes to the system are needed – in Europe at least – before the sector starts to recruit again.
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NewsP&W ships more commercial engines in Q3, eyes lower-cost production in Asheville
Pratt & Whitney shipped 114 large commercial aircraft engines in the third quarter of 2020, up slightly from the previous period.
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NewsTurkish Airlines agrees amended delivery schedule for Airbus orders
Turkish Airlines has undertaken a restructuring of its fleet plans, agreeing with Airbus to reschedule a number of deliveries. The carrier adds that it has “adapted the overall outstanding orders”, taking into account operational and financial positions, to ensure a “solid basis” for the airline’s future. Turkish Airlines has not ...
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NewsRaytheon turns third-quarter profit amid layoffs and depressed aftermarket demand
Raytheon Technologies’ commercial aerospace businesses continued to struggle in the third quarter of 2020, though the company’s Collins Aerospace unit did swing to an operating profit.
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NewsIcelandair to withdraw and part-out batch of 757-200s
Icelandair Group is planning to retire four Boeing 757-200s over the next few weeks, which will be placed with part-out schemes. The company says some of the components will be cannibalised for its remaining 757s while others will be sold. Icelandair Group says the retirement is part of its broader ...
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NewsEasyJet enters leaseback agreements for nine more A320s
UK budget carrier EasyJet has agreed several sale-and-leaseback arrangements, covering nine aircraft and generating nearly $400 million to enhance its liquidity. The airline has sealed a transaction involving five Airbus A320s with Irish-based Wilmington Trust SP Services. EasyJet says this agreement, centred on leases averaging 117 months, will generate proceeds ...
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NewsIcelandair uses Boeing compensation to offset new 737 Max expenditure
Icelandair Group is expecting to take delivery of three more Boeing 737 Max jets in the first half of 2021, and has reclassified part of the compensation received for the Max grounding as reduced capital expenditure on them. The company has not disclosed the scale of the compensation settlement reached ...
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NewsDe Havilland delivers another two Dash 8-400s to Ethiopian
De Havilland Canada has delivered another two Dash 8-400s to Ethiopian Airlines, bringing to 30 the number of the turboprops received by Ethiopian and its affiliates.
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NewsBA heritage-livery 747-400 to become cinema and conference venue
One of the British Airways Boeing 747-400s painted in a retro livery for the airline’s centenary is to be preserved as a cinema and conference venue. The aircraft (G-CIVB) carried the Negus & Negus colour scheme initially adopted by the airline following its emergence in 1974 from the merger of ...
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NewsAeroflot Group details shareholding shifts after capital increase
Aeroflot Group has disclosed that the Russian state’s share in the airline company has reached 57.34% as a result of its capital increase. The Russian government had been prepared to maintain at least its previous 51.2% shareholding in the company during the share issue. Aeroflot Group had also been 3.5%-owned ...
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NewsA321 brushed past glider during descent into Class E airspace
German investigators have attributed a serious airprox incident, in which a Lufthansa Airbus A321 crew failed to see a glider, to a decision allowing the jet to descend into Class E airspace during its approach to Hamburg. The encounter occurred north-east of Hamburg, on 23 July last year, as the ...
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NewsAmerican Eagle ERJ-145 damaged in Bahamas excursion
Investigators in the Bahamas are probing a runway excursion involving an American Eagle service from Miami which badly damaged the aircraft. The Embraer ERJ-145 – identified as N674RJ – had landed on runway 06 at Grand Bahama airport following the short 100nm flight from Miami on 24 October. It arrived ...
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NewsRed Wings introduces Superjet fleet to establish Ekaterinburg hub
Russian carrier Red Wings is aiming to build a regional hub at Ekaterinburg’s Koltsovo airport using a fleet of Sukhoi Superjet 100s. Moscow-based Red Wings leased a Superjet from GTLK on 2 September, and another pair in the first few days of October. It says the aircraft are being used ...
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NewsQatar takes first long-haul jets in months with delivery of A350-1000s
Airbus has delivered three A350-1000s to Qatar Airways, its first handover of long-haul aircraft to the Middle Eastern carrier for eight months. Qatar received its last long-haul jet from the airframer, an A350-1000, on 27 February – giving it 15 of the larger A350 variant. It had already completed deliveries ...