All news – Page 1117
-
NewsKhazanah banking on Firefly if MAB restructuring fails: report
Malaysia’s regional turboprop operator Firefly could replace its parent as national carrier should Malaysia Airlines fail to reach an agreement with creditors on restructuring plans, the managing director of the country’s sovereign wealth fund Khazanah Nasional has said. “Among the alternative options that can be considered is [that] Khazanah is ...
-
NewsJayne Hrdlicka to replace Scurrah as Virgin Australia boss
Virgin Australia chief executive Paul Scurrah will step down from his position following the conclusion of the airline’s sale to Bain Capital. “Over the last 18 months, I have had the great privilege of being the CEO and Managing Director of the Virgin Australia Group,” he says. Source: ...
-
NewsVaccine key to full travel recovery: Singapore transport minister
Singapore Transport Minister Ong Ye Kung has offered a cautious outlook for air travel amid the coronavirus pandemic. In an interview with Bloomberg television, Ong described the tradeoff leaders faced in March, when covid-19 was less understood and there was a shortage of testing capacity. Source: Greg Waldron ...
-
NewsEastar Jet seeks new buyer with job cuts, restructuring: reports
South Korea’s Eastar Jet is going ahead with plans to cut 605 jobs as part of its efforts to attract a new investor, according to local media reports. Further job cuts are expected following additional restructuring measures, broadcaster KBS World reported on 13 October. Source: Wikimedia Commons An ...
-
In depthBell to start building 360 Invictus prototype next week for FARA programme
Bell plans to begin building the fuselage of its first prototype of the 360 Invictus winged helicopter next week in Amarillo, Texas.
-
NewsSikorsky Boeing SB-1 Defiant reaches 211kt
The Sikorsky Boeing SB-1 Defiant compound helicopter reached 211kt (391km/h) using about two-thirds propeller torque and engine power during a straight and level flight on 12 October.
-
NewsUnited Airlines reports $1.8bn Q3 loss as revenue falls 78%
United Airlines reported a $1.8 billion loss for the third quarter as it restructured its operations to reflect lower demand following the near-collapse of the passenger aviation industry earlier this year.
-
NewsPratt & Whitney Canada cuts staff due to Covid downturn
Pratt & Whitney Canada has implemented more layoffs in response to the troubled state of aerospace industry.
-
NewsWestJet indefinitely suspends flights to Atlantic Canada
WestJet will cease flying to numerous destinations in far eastern Canada and reduce frequencies to other cities in the region, cutting 80% of seat capacity in that part of the country.
-
NewsRussian authority concerned over adequacy of Nagorno-Karabakh safety measures
Russia’s Interstate Aviation Committee has issued a warning over the potential risk to civil aircraft arising from the resurgence in hostilities in the disputed Nagorno-Karabakh region of the Caucasus. The territory, located in south-western Azerbaijan, has been the source of conflict with neighbouring Armenia over the last three decades, notably ...
-
NewsTraffic down 80% at major European hubs in September
September figures for Europe’s biggest hub airports show passenger traffic down more than 80% on previous year levels, data for London Heathrow, Frankfurt Airport and Paris Charles de Gaulle reveals. Heathrow, Europe’s busiest airport, on 12 October disclosed its passenger numbers fell 81.5% to 1.26 million in September. Domestic and ...
-
NewsGreek carrier Sky Express orders four Airbus A320neo jets
Greek airline Sky Express has ordered four Airbus A320neo aircraft as it plans to expand into international operations.
-
NewsEnvironmental pressure will ‘come back swinging’: Finnair chief
An airline’s ability to invest in new aircraft and other measures aimed at mitigating the industry’s environmental impact will become a “differentiating factor” in the future, according to Finnair chief executive Topi Manner.
-
NewsCivil aircraft subsidies: EU fails to persuade WTO of case for higher penalties
While the European Union, in its transatlantic civil aircraft subsidy dispute, had sought World Trade Organization authorisation to impose a higher penalty than the $7.5 billion awarded to the US government, it ultimately failed to convince the WTO of its case. Over the course of the long-running dispute the EU ...
-
NewsEasyJet’s new finance chief to start on 3 February
EasyJet’s new chief financial officer, Kenton Jarvis, will assume his role at the airline on 3 February 2021. This will be followed by a short handover period with his predecessor, Andrew Findlay, “to ensure a smooth transition”, the carrier states. Source: TUI Kenton Jarvis will take up new ...
-
InterviewMRO Japan taps domestic market for growth amid pandemic
Travel restrictions stemming from the coronavirus pandemic may have crimped international travel, but for one Japanese MRO company, it has presented an opportunity to look inward. MRO Japan, an All Nippon Airways joint venture based on Okinawa island, had intended to begin line maintenance services to carriers from Asian ...
-
NewsVietnam Airlines warns of big loss for first nine months of 2020
Vietnam Airlines has warned of a consolidated loss of D10.8 trillion ($464 million) in the first nine months of 2020, as the coronavirus pandemic takes its toll on operations. The company adds that it expects consolidated revenues of D23.9 trillion for the first nine months of the year, a quarter ...
-
NewsStormBreaker approved for use on F-15E Strike Eagle
The US Department of Defense plans to start fielding the weapon on the US Navy’s Boeing F/A-18E/F Super Hornet later this year, followed by the Lockheed Martin F-35 at a later, undisclosed date.
-
InterviewHow ‘War on Terror’ UAV maker General Atomics is pivoting to great power conflict
The San Diego-based company has reacted with a flurry of new initiatives in the past couple of years intended to hold onto existing business, seize new opportunities in the near future and ultimately maintain its position as the USA’s leading maker of armed reconnaissance UAVs going into the 2030s.
-
NewsDelta posts $5.4bn Q3 loss, sees bright spots
Delta Air lines reported a third quarter loss of $5.4 billion as the airline begins to regroup following a catastrophic summer brought on by the coronavirus global pandemic.