All news – Page 1101
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NewsUK suppliers sweat on government help as French rescue fund makes first investment
UK aerospace suppliers are anxiously waiting to see if their government will roll out targeted support for the sector in its forthcoming spending review, a situation in sharp contrast to France where a public-private bailout fund has already made its first investment.
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NewsStobart bids for fresh Aer Lingus deal to speed regional airline sale
Stobart Group has entered a tender to secure a long-term flying agreement with Aer Lingus beyond 2022 as part of its effort to dispose of regional carrier Stobart Air before the end of March 2021.
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NewsUAE’s Flydubai to open Israeli services in November
United Arab Emirates operator Flydubai is to open services to Tel Aviv this month, following the normalisation pact signed between the Gulf state and Israel. Flydubai says it will carry out a twice-daily service between Dubai and Tel Aviv from 26 November. The carrier uses a fleet of Boeing 737-800s ...
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NewsJazeera liquidity ‘sound’ as losses persist in third quarter
Kuwaiti carrier Jazeera Airways is confident that it remains a going concern, with sufficient resources, after turning in a KD5.6 million ($18.3 million) third-quarter net loss. The performance brings overall net losses, for the nine months to 30 September, to KD15.5 million. Jazeera Airways says there is a “risk of ...
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NewsQantas, Jetstar gear up for Sydney-Melbourne reboot
Qantas and low-cost unit Jetstar plan to operate “thousands of flights” following the decision by the New South Wales state to open its borders from 23 November. The border opening to Victoria state will see the two carriers operate over 250 flights across five routes, to Victoria’s capital Melbourne and ...
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NewsPool of financeable airlines down to a handful: Wings Capital
The pool of airlines that lenders are willing to accept as collateral has gone “really just down to a handful” amid the Covid-19 pandemic, the chief financial officer of Wings Capital Partners has said. At the beginning of the crisis, everyone in the industry was “just trying to assess what ...
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NewsCanberra eyes opportunities, risks of future drone, eVTOL operations
Canberra has published a discussion paper exploring the opportunities and challenges involved with the increased adoption of drones and electric vertical take-off and landing (eVTOL) aircraft. The 68-page report explores issues ranging from airspace integration to security, noise, and infrastructure. The Department of Infrastructure, Transport, Regional Development and Communications calls ...
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NewsAircastle’s profit falls to $5.8 million in Q3
Lessor Aircastle has posted a $5.8 million profit for the third quarter ended 30 September, a significant drop on the same quarter last year when the lessor made $43.3 million in profit. Total lease revenue for the three months was down 12.5% to $189 million, while total revenues dropped 18.8% ...
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NewsGA Telesis to remarket China Airlines 747-400s
China Airlines has picked GA Telesis’ aircraft asset management unit to remarket and sell its four remaining Boeing 747-400 aircraft, with deliveries expected as early as the first quarter of 2021. The four 747s (MSNs 33734, 33735, 33736 and 33737) are currently in storage, Cirium fleets data indicates. China ...
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NewsUSA approves sale of four MQ-9B SkyGuardians to Taiwan
The US Department of State has approved the possible sale of four General Atomics Aeronautical Systems MQ-9B SkyGuardian unmanned air vehicles to Taiwan.
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NewsSpirit AeroSystems aims for 10-monthly 737 rate in early 2021
Spirit AeroSystems intends to produce 737 fuselages at a rate of 10 monthly starting in January 2021 – a rate that would allow the company to burn down its inventory of finished fuselages.
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NewsBAE Systems wins contracts to develop US Army manned-unmanned teaming technologies
The US Army has awarded BAE Systems three contracts to develop technology to help helicopter pilots and weapons systems officers control unmanned air vehicles in combat.
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NewsMexico’s Interjet future unclear amid strike, operational halt and reports of near-bankruptcy
Mexico’s low-cost carrier Interjet is on the verge of collapse after the airline cancelled flights over the weekend and a union representing its workers called for a strike to protest unpaid wages, reports say.
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News747 exit boosts sustainability effort: British Airways chief
British Airways’ decision to retire its fleet of Boeing 747s will accelerate the airline’s sustainability efforts, according to recently appointed chief executive Sean Doyle.
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NewsKLM clears path to bailout with union deals
KLM has reached an agreement with the FNV Cabine, FNV Luchtvaart and VNV unions – representing flight attendants, ground personnel and pilots – clearing the Dutch carrier to receive €3.4 billion ($4 billion) in government loans and guarantees.
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NewsSpain agrees €475m Air Europa aid package
Spain’s cabinet has agreed a €475 million ($552 million) support package for Air Europa, the first funding delivered under a wider scheme established by the government in July. The funds have been released as part of a €10 billion solvency support fund for strategic companies set aside by the Spanish ...
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NewsSpirit AeroSystems reports $156m Q3 loss
Wichita-based aerostructures manufacturer Spirit AeroSystems lost $156 million in the third quarter of 2020 amid tumbling revenue resulting from the dual pressures of the pandemic and Boeing 737 Max grounding.
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NewsHill Helicopters reveals in-house engine to power HX50 development
UK start-up Hill Helicopters has revealed the in-house engine which will power its developmental HX50 light-single, claiming that the clean-sheet GT50 turboshaft will offer significant benefits over rival powerplants.
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NewsShift to domestic markets helps Volotea limit crisis impact on traffic
European carrier Volotea is crediting a shift of its network strategy to focus on domestic flights for a July-September traffic performance in which declines in passenger levels were kept to less than a quarter. Volotea says it handled 2.4 million passengers in the third quarter, down only 23% on the ...
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NewsCollapse in MRO work pushes SIA Engineering into red for half-year
Plummeting MRO volumes on the back of coronavirus-driven fleet groundings pushed SIA Engineering (SIAEC) into the red at an operating level in the first-half of its financial year.