All news – Page 1228
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NewsIcelandair Group seeks to raise $200m through new shares
Icelandair Group is planning to issue up 30 billion new shares to support its financial position, with the aim of raising up to $200 million in equity. The company has about 5.4 billion shares in issue, giving it a market capitalisation of around IcKr12.9 billion ($88.6 million). Icelandair Group has ...
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NewsIAG’s Spanish carriers secure €1bn in financing under state-backed loans
IAG’s Spanish units Iberia and Vueling have secured financing for €750 million and €260 million respectively under a syndicated agreement which will be guaranteed by the state-owned bank Instituto de Credito Oficial (ICO).
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NewsRyanair signals 3,000 job cuts as it discusses fleet deferrals
Ryanair is expecting to cut up to 3,000 jobs from July and shut a number of European bases, as it projects that a post-crisis recovery will take at least two years. The airline is negotiating with Boeing to reduce planned deliveries of new 737s for the next 24 months, and ...
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NewsSecond 777X test aircraft makes maiden flight
Boeing’s second 777-9 flight-test aircraft took to the skies for the first time on 30 April, departing Paine Field and landing nearly 3h later at Boeing Field in Seattle.
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NewsAH-64E versus AH-1Z competition in Philippines brews with US sale approval
The US State Department has approved the possible sale of six Boeing AH-64E Apache and six Bell AH-1Z Viper attack helicopters to Manila.
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NewsTextron Aviation squeaks out Q1 profit as aircraft deliveries tumble
Textron Aviation’s first-quarter profit tumbled 97% year-on-year to $3 million due largely to an idle factory floor and sagging aircraft sales amid the coronavirus pandemic.
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NewsA220 operators advised to monitor compressor over stall risk
Carriers using Airbus A220s are being advised to monitor the operating performance of low-pressure compressors, to warn of stalls, following measures to address engine failures on the type. A220s are fitted with Pratt & Whitney PW1500G powerplants, which have been the subject of scrutiny following a series of engine failures ...
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NewsLufthansa pilots offer to waive 45% of salaries
Lufthansa pilots represented by trade union Vereinigung Cockpit have offered to waive up to 45% of their salaries for two years, in return for job security, to help the airline navigate the coronavirus crisis.
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AnalysisIs Embraer-China tie-up an inevitable marriage or case of strange bedfellows?
The Brazilian government was quick to suggest Embraer cosy up to China, after a proposed partnership with Boeing fell through. Would such a relationship work, and what is at stake?
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NewsGE Aviation’s profits slide in Q1 as engine sales tumble
GE Aviation’s commercial engine sales and orders tumbled in the first quarter of 2030, as did revenue and profit, as the coronavirus took a bite from the Ohio company’s business.
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AnalysisWhy Rolls-Royce is still powering ahead with hybrid-electric development
Despite the cancellation of the E-Fan X demonstrator it was developing with Airbus, Rolls-Royce believes hybrid-electric power can drive cleaner regional aviation in the future.
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NewsComair expects to remain grounded until at least October
South Africa’s Comair is in “a very difficult financial position” due to coronavirus-related travel restrictions and does not anticipate being able to resume flights until October or November, the carrier has disclosed.
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NewsA350s become freighters through Airbus pallet-for-seat swap
Airbus is offering carriers a modification and regulatory support scheme to convert passenger A350s, A330s and A340s temporarily into main-deck freighters by swapping out seats and fitting pallets onto their floor tracks. Modification is provided to operators under an Airbus service bulletin which sets out not just the engineering work ...
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NewsStick-shaker ambiguity led to unnecessary 747 stall-recovery action
Boeing is amending Boeing 747-400 flight manuals to clarify unreliable airspeed procedures after a British Airways crew erroneously believed a stall warning was genuine and repeatedly attempted a stall recovery manoeuvre. The aircraft (G-BNLN) had reached top-of-climb at 33,000ft, during a transatlantic service to Phoenix from London Heathrow on 9 ...
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NewsTransport ministers make voucher case for struggling European airline sector
Debate continues around whether airlines should be allowed to issue vouchers instead of cash refunds for flights cancelled due to coronavirus after a group of European transport ministers called for a temporary relaxation in compensation rules.
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NewsFrench government sets green conditions for Air France bailout
Air France must slash domestic flights and agree to work towards becoming the world’s “most environmentally friendly” airline, if it is to satisfy the conditions of its government bailout.
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NewsJAL’s full-year profit slumps on coronavirus impact
Japan Airlines’ net profit more than halved in the financial year ended 31 March, with coronavirus crisis cited as the overwhelming factor. “This is the unprecedentedly tremendous event risk ever for the airline industry and its end is not foreseeable at this moment. There is no question that the JAL ...
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NewsWhy the US Air Force’s eVTOL effort helps private investor confidence
With the financial impact of the coronavirus looming over the lead funders of the development of electric-vertical-takeoff-and-landing aircraft, the nascent industry is set to receive a small boost from the US Air Force in calendar year 2020.
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NewsICAO recovery task force aims for first outcomes by end of May
Representatives from 36 countries on the governing council of ICAO have established an aviation recovery task force and aims to have its first outcomes by the end of May.
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NewsIndustry bodies hit out at Argentina move to block flights until September
Airline and airport bodies have warned the Argentinean authorities about the ’imminent and substantial risk’ of its to move to suspend air travel in the country until the start of September.