All Air Transport articles – Page 261
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NewsIcelandair expects four-year recovery as it revises share issue
Icelandair Group expects to start its recovery ramp-up in the second quarter of 2021, but its conservative approach will not return the operator to pre-crisis levels until 2024. The company has detailed its position to potential investors as it prepares for a share offering intended to raise IcKr20 billion ($148 ...
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NewsSpirit Aero may need more cash, with $920m in acquisitions looming: analysts
The pace at which Spirit AeroSystems has been burning through cash has left some analysts questioning if the company will be able to close two acquisitions as planned, and whether it might need additional funding.
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NewsPalestinian Airlines offers Fokker 50 fleet for sale
Palestinian Airlines has put up for sale its pair of Fokker 50 turboprops, but insists its operation is not closing down. The carrier commenced operations in mid-1997 with pilgrim transport to Jeddah. It subsequently established its base at Gaza airport which opened the following year, but Israeli forces destroyed the ...
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NewsSwedish debt office denies credit guarantee to Norwegian's local operation
Scandinavian budget carrier Norwegian’s Swedish division has been denied a credit guarantee by the Swedish national debt office. The office states that it has “decided to reject” the application because guarantees can only be granted to airlines considered financially viable on 31 December 2019. It says there was a “very ...
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InterviewAirbus Americas CEO optimistic in 2021 uptick, predicts ‘morphing’ of industry
The top Airbus executive in North America thinks industry conditions will improve at least incrementally in 2021 but that aerospace companies and airlines will emerge from the downturn changed in ways yet unknown.
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NewsEl Al chairman resigns for medical reasons
Israeli flag-carrier El Al’s chairman, Eli Defes, has stepped down from his post for medical reasons. El Al states that his decision is effective immediately. Defes took up the position of chairman at the beginning of June 2017, having been a director of the airline since November 2015. The carrier ...
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NewsCockpit union proposals fail to avert Jet2 pilot cuts
Cockpit union efforts to dissuade UK holiday carrier Jet2 from shedding over 100 pilots across its various bases appear to have failed. Jet2 had warned a few weeks ago that it was looking at cutting pilot numbers after reducing its activity in the face of the air transport downturn. Pilot ...
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NewsConcerns emerge as air-data incidents follow revival of stored aircraft
European safety authorities are warning of a spate of incidents linked to contamination of pitot-static ports as aircraft are returned to service following temporary storage. Thousands of aircraft have been parked for extended periods as a result of the air transport crisis, but the European Union Aviation Safety Agency believes ...
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NewsSAS obtains government backing after rejigging recapitalisation
Scandinavian operator SAS has obtained support from the Swedish and Danish governments, as well as its third major shareholder, for a revision to its recapitalisation plan. The plan was originally disclosed on 30 June and covered SKr14.25 billion of equity. SAS says the revision focuses on specific financial details including ...
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NewsA321neo sales lift proceeds of EasyJet leaseback scheme
Budget carrier EasyJet has carried out the sale-and-leaseback of five Airbus A321neo jets, concluding a programme of such transactions covering a total of 23 aircraft. The five A321neos – ranging from five to nine months in age – have been sold to Bocomm Leasing, a division of the Chinese Bank ...
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NewsIsrael-UAE to talk direct flights but airspace issues remain
Normalisation of diplomatic relations between Israel and the United Arab Emirates opens the possibility of flights between the two countries – although a timeframe has yet to emerge and other complexities remain unresolved. The UAE and Israeli governments have jointly stated that tourism and “direct flights” will be among the ...
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NewsNew management team at Embraer Commercial
Embraer announced several shifts in its commercial aircraft division’s management team just weeks after Arjan Meijer took the helm of the division at the Brazilian airframer.
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NewsRolls-Royce begins second test effort on lean-burn combustor
Rolls-Royce has begun a second phase of testing on a new low-emission combustion system that will eventually equip its next-generation UltraFan widebody engine.
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NewsADS proposes £1 billion investment fund for UK aerospace to aid Covid-19 recovery
UK aerospace suppliers could be thrown a £1 billion lifeline if plans put forward by trade body ADS are adopted by the government.
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NewsWizz Air UK to launch leisure routes from new northern base
Wizz Air’s UK division is to establish its second base in the country, opting to station an Airbus A320 at the northern Doncaster Sheffield airport. The airline intends to open another seven routes – adding to 10 it already serves from the airport – and broaden its network to new ...
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NewsRwandan army to receive two Cessna Grand Caravan EX special-mission aircraft
The contract comes from ATI Engineering Services, an aircraft modification specialist, and is funded via the US government.
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News2016 engine failure prompts study of ‘high-energy’ engine parts, GE enhances inspections
The US aerospace industry’s trade group has commenced a study into the durability of rotating turbofan components at the request of the Federal Aviation Administration. The study stems from the 2016 failure of a GE Aviation CF6 turbofan on an American Airlines Boeing 767.
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NewsJuly cancellations push 737 Max backlog cut to 860 for the year
Boeing’s 737 Max backlog declined nearly 20% in the first seven months of 2020, with the company stripping more than 850 jets from its books due to order cancellations and accounting adjustments.
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NewsNordica cleared to take €30m Estonian support package
Estonian operator Nordica has secured approval for a €30 million financial support package which will comprise a share capital increase and a loan with subsidised interest. Nordica is a capacity provider operating regional jets for carriers in northern and eastern Europe, but has been facing the possibility of insolvency before ...
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NewsCathay appears to switch more A350-1000s to -900s
Cathay Pacific appears to have converted a pair of Airbus A350-1000s to the smaller -900 variant, the Hong Kong-based carrier’s half-year accounts indicate. Airbus’s backlog figures to the end of July show Cathay had ordered 46 A350s, a mix of 26 A350-900s and 20 of the larger -1000s. It has ...