All air transport news – Page 110
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Boeing sees shift in delivery finance mix as air transport market recovers
Boeing is expecting expanding use of export credit and debt to finance aircraft deliveries, as it predicts that recovering production and travel will drive the need for financing almost back to pre-crisis levels this year. It is forecasting industry delivery funding, covering the main commercial aircraft types, at $94 billion ...
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Resurgent Aegean turns in full-year profit
Greek operator Aegean is expecting to introduce another nine Airbus A320neo-family jets this year, and take its fleet to 76 aircraft. Aegean says the initial booking indications for the year are “particularly encouraging”, with international traffic and summer sales trends exceeding pre-crisis levels. Its network will cover 161 destinations with ...
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US regulators approve deal to take Atlas Air private
US cargo carrier Atlas Air has received regulatory approval to be acquired by an investor group led by Apollo Global Management, which would de-list Atlas from the Nasdaq stock exchange.
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Finnair avoids long-haul cabin crew outsourcing after savings pact
Finnair has reached a cost-saving agreement with cabin crew, averting implementation of a potential plan to subcontract in-flight services on certain long-haul routes. The airline had been looking to outsource cabin service on North American and Thai routes, according to the transportation workers’ union AKT, which had engaged in industrial ...
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Beta to develop conventional electric aircraft amid eVTOL regulatory, infrastructure hurdles
Electric aircraft company Beta Technologies has shifted to pursue certification of a conventional fixed-wing electric aircraft – while still developing an electric vertical take-off and landing (eVTOL) air taxi. The US company has for years been flight testing a conventional fixed-wing electric aircraft as part of its eVTOL programme, which ...
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Jazeera to create new Saudi low-cost airline
Kuwaiti budget carrier Jazeera Airways is taking preliminary steps to establish a new operator in Saudi Arabia. Jazeera’s board held a meeting on 12 March at which it approved the plan. “The financial impact will be determined once the establishment and operating licensing procedures [are] finalised,” it states. Jazeera says ...
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Boeing’s orders and deliveries slowed in February
Boeing’s commercial aircraft orders and deliveries slowed in February following a strong start to the year the previous month.
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Riyadh Air to take up 72 Boeing 787s, Saudia to sign for 49 more Dreamliners
National start-up carrier Riyadh Air is take up to 72 Boeing 787-9s, including plans for firm orders for 39 Dreamliners, as part of a wider Saudi Arabian commitment which will see Saudia also sign for up to 49 more of the widebodies.
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Air Greenland’s retired A330-200 ferried to Arizona for spares supply
Air Greenland’s long-serving Airbus A330-200, one of the first of the variant to be delivered, has left the fleet and been flown to Arizona for parts supply. The aircraft – which carried out its final scheduled service on 16 February – conducted a ferry flight from Copenhagen to the US ...
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USAF favours P&W F-35 engine upgrade over adaptive-cycle engine replacement
Budget pressure and lack of buy in from other US military services led the US Air Force to abandon designs for an entirely new engine for its F-35A stealth fighters, and instead pursue a core upgrade of the existing power plant.
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‘Not a forgings and castings issue’: GE Aerospace CEO addresses supply chain trouble
GE Aerospace chief executive Larry Culp is pushing back against the assertion that engine shortages are primarily why aircraft manufacturers continue struggling to ramp production of narrowbody jets.
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Flair confirms lessor Airborne behind reports of aircraft repossessions
Canadian discount carrier Flair Airlines confirms that “unprecedented action” taken by aircraft lessor Airborne Capital has affected four of its Boeing 737s, amid reports the jets were seized.
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A321neo conducts emission-data test flights using wholly-sustainable fuel
Airbus has been conducting in-flight emission measurements using an A321neo powered by wholly-sustainable aviation fuel. The airframer is collecting data on emissions from the twinjet’s CFM International Leap-1A engines, using a Dassault Falcon 20 chase aircraft from the German aerospace laboratory DLR. Airbus says the Falcon aimed to gather information ...
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Leonardo upbeat as volumes recover at aerostructures business
Italy’s Leonardo believes its aerostructures business is on an “upward trajectory” as the commercial aerospace sector continues its recovery from the lows of the pandemic.
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Glideslope fluctuation preceded Icelandair 737 Max’s hard landing
Canadian investigators have disclosed that an Icelandair Boeing 737 Max 9 sustained tail-skid damage during a hard landing at Toronto in early March. The aircraft had been conducting an approach to runway 33R when it experienced glideslope fluctuation, says Transportation Safety Board of Canada, and the autopilot disconnected. Although the ...
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Saudi government unveils new national airline Riyadh Air
Saudi Arabia’s government has unveiled its new national airline, branding it Riyadh Air, headed by former Etihad Aviation Group chief Tony Douglas. Riyadh Air will operate from a hub in the Saudi capital with a network expanding to more than 100 destinations by 2030. It has not detailed its planned ...
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Air Baltic revisits ‘Latvia’ colour scheme for latest A220
Air Baltic has taken its fleet of Airbus A220-300s to 40 aircraft, receiving the latest twinjet in a colour scheme reflecting the Latvian national flag. The airline unveiled the livery on the aircraft (YL-ABN) during a ceremony at Montreal Mirabel. It will join another A220 (YL-CSL) which already carries a ...
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US President Biden selects livery for ‘Next Air Force One’
US President Joe Biden has selected the livery of the “Next Air Force One”, the new VC-25B aircraft designated for presidential travel that is currently under construction, formally rejecting the colour scheme that had been chosen by his predecessor, Donald Trump.
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Embraer posts $23m Q4 profit as deliveries surge late in 2022
Embraer overcame broad supply-chain issues to finish 2022 strong as aircraft deliveries surged in the fourth quarter.
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Play shifting from rapid expansion to ‘surgical’ network tightening: CEO
Icelandic low-cost airline Play’s chief executive, Birgir Jonsson, appears prepared to turn off the seat-belt sign nearly two years after the carrier embarked on its rapid ascent through an uncertain and tempestuous air transport sector.