All news – Page 1040
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NewsRival bidders link up to secure $4.7bn Signature Aviation takeover
Rival bidders for fixed-based operations specialist Signature Aviation have agreed a combined acquisition of the company, prompting the withdrawal of a previously-recommended takeover offer. A newly-formed UK-registered company, Brown Bidco, is being formed by investors Global Infrastructure Partners, Blackstone, and Cascade. GIP and Blackstone will each indirectly hold 35% of ...
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NewsTata, Boeing joint venture to produce 737 Max fin structures in India
Tata Boeing Aerospace (TBAL) will set up a new assembly line near Hyderabad to produced vertical stabilizer structures for
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NewsHAL nears end of long Su-30MKI production run
Hindustan Aeronautics (HAL) is nearing the end of a 222-aircraft license production run for the Sukhoi Su-30MKI, with the last aircraft now undergoing final acceptance tests. Seshagiri Rao, chief executive of the HAL MiG complex, says production of the 221st aircraft, modified to carry the BrahMos supersonic cruise missile, has ...
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NewsANA consolidates freighter operations at Tokyo Narita
ANA is consolidating its freighter operations at Tokyo Narita to maximise profitability, alongside plans to channel capacity from passenger aircraft operating cargo-only flights to its logistics hub at Naha airport in Okinawa.
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NewsHAL commences Dhruv MkIII deliveries to Indian navy, coast guard
Hindustan Aeronautics (HAL) has commenced deliveries of the Dhruv MkIII helicopter to the Indian navy and coast guard. The Indian state-owned airframer delivered three helicopters to the navy and two to the coast guard at the Aero India show taking place in Bengaluru. Source: Atul Chandra A Dhruv ...
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NewsAir Works to provide MRO for Indian P-8Is, BBJs
Boeing has signed a deal with Indian MRO firm Air Works to support New Delhi’s fleet of P-8I Neptune maritime patrol aircraft, as well as the Indian air force’s VIP transport fleet.
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NewsManila plans order for 15 additional S-70is
Manila has confirmed an intention to order 15 additional Sikorsky S-70i utility helicopters, as part of a total requirement for 55 new rotorcraft.
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NewsSkyWest loses $46 million in fourth quarter with reduced flight schedules
SkyWest Airlines says it lost $46 million in the fourth quarter of 2020, as reduced flight schedules and lower demand from its mainline airline partners continued to challenge the regional carrier.
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NewsNorthrop Grumman demos wide-area submarine tracking with MQ-8C
Northrop Grumman has demonstrated the ability to conduct wide-area multistatic acoustic search for a submarine using its MQ-8C Fire Scout unmanned helicopter.
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NewsLessors raise concerns over Norwegian aircraft returns
Law firms representing Norwegian’s lessors and creditors have raised concerns over the airline’s bid to repudiate 36 aircraft leases under its restructuring process.
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NewsWizz to close Trondheim base
Wizz Air is to close its recently opened Tronheim base as Covid-19 continues to disrupt air travel in Norway.
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NewsLufthansa repays KfW loan early after €1.6bn bond issue
Lufthansa Group is to pay back early its loan from financial firm KfW following the German airline company’s issuing of €1.6 billion in bonds. The group says it has placed the bonds in two tranches, with terms of four and seven years. Lufthansa’s initial tranche of €750 million runs to ...
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NewsNorwegian flew eight aircraft on average in restriction-hit January
Restructuring low-cost carrier Norwegian operated an average of just eight aircraft in January as a result of services curtailed by travel restrictions.
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NewsEBACE cancelled for second year running
May’s European business aviation expo becomes the latest victim of pandemic uncertainty.
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NewsSriwijaya 737-500 'slowly' turned left before entering fatal descent
Components of the crashed Sriwijaya Air Boeing 737-500 including the flight-control computer, autothrottle computer, and autothrottle actuator assembly are undergoing examination, a Indonesian parliamentary commission has heard. The commission held a session on 3 February during which various representatives involved in the inquiry provided preliminary information on the flight and ...
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NewsStrong cargo demand helps Singapore Airlines cut Q3 loss
Singapore Airlines Group narrowed its third-quarter operating loss, as stronger cargo performance helped offset any further revenue loss from a pandemic-led collapse in passenger travel demand.
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NewsKorean Air reports $213 million operating profit for 2020
Korean Air has reported a W238.3 billion ($213 million) operating profit in 2020, 17% below 2019 levels, on the back of a strong cargo business and company-wide cost cutting efforts.
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NewsMHI’s aerospace unit narrows nine-month loss
Mitsubishi Heavy Industries’ (MHI) troubled SpaceJet programme cut its losses for the nine months to 31 December 2020, as developmental costs fell amid an ongoing programme freeze.
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NewsChina Eastern’s parent to pump in up to $1.67bn via A-share issue
China Eastern Airlines’ controlling shareholder CEA Holding will inject up to CNY10.8 billion ($1.67 billion) into the airline by purchasing nearly 2.5 billion of newly issued A-shares, in a move the Shanghai-based carrier says will provide “strong financial support” for it to develop its business to cope with the impact of Covid-19.
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NewsMartin-Baker Mk18 seat offered for Indian F-21 bid
Lockheed Martin will offer the Martin-Baker Mk18 ejection seat as a candidate for the F-21, in an effort to deliver a more competitive proposal for an Indian air force requirement for 114 fighters. If confirmed, the IN18E seat would replace the Collins Aerospace ACES II from the original F-16 – ...