All news – Page 1428
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News
Cobham eyes spin off Australian unit ahead of buyout
QantasLink and resource charter operator Cobham Aviation Services Australia looks likely to be sold after its UK parent company agreed to a £4 billion ($5 billion) takeover deal with US private equity firm Advent International.
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News
American funds spare engines with $650m EETC
American Airlines closed a $650 million secured engine financing via the private placement market in June.
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NewsAmerican overcomes Q2 challenges with record revenue
American airlines reports a $1.1 billion profit for the second quarter, a period marketed by operational disruption, ongoing litigation with mechanics and a capacity shortfall caused by the 737 Max grounding.
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News
Spirit warns of cost creep, reliability woes as Q2 profit jumps
Spirit Airlines forecasts higher costs and more cancelled flights for the rest of 2019 as it aims to reconfigure its flight plans and factor in challenging weather conditions as the ultra-low-cost airline adapts to its expanding network and new routes.
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NewsMTU raises 2019 profit outlook
German engine specialist MTU Aero Engines has increased its 2019 earnings forecast, following improved profitability in its manufacturing and maintenance segments.
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News
737 Max grounding prompts Southwest to cease Newark service
Southwest Airlines will end service at Newark Liberty International airport on 3 November in response to constraints created by the grounding of the Boeing 737 Max, the airline says on 25 July.
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News
Cobham snapped up by US private equity group
Cobham, the publicly listed UK-based aviation equipment, electronics and services business, is to be taken over private by a US private equity group in a cash deal pegging its value at approximately £4 billion ($5 billion).
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Interview
INTERVIEW: Qatar Airways head of talent development on how technology is changing training in the industry
With a solid track record working at Middle East carriers Gulf Air and Emirates, Brendan Noonan was plucked from retirement by Qatar Airways, where he now manages the training of some 30,000 staff
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InterviewMaking the super-fast connection
Sergio Aguirre is president of Gogo’s Business Aviation division, where he is focused on driving down the cost of in-flight connectivity while increasing capacity and speed for its growing customer base
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News
FPG Amentum branches into Hong Kong
Dublin-based asset manager FPG Amentum has opened a new branch office in Hong Kong.
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NewsMorgan Stanley to advise on Malaysia Airlines options
Malaysia’s sovereign wealth fund Khazanah has appointed Morgan Stanley to explore strategic options to turn beleaguered flag carrier Malaysia Airlines around, even as it does not rule out being a minority shareholder.
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News
Ottawa releases RFP for 88 new fighters
Ottawa has released a request for proposals (RFP) for its future fighter competition that could see it obtain 88 new fighter jets.
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NewsKumho kicks off Asiana Airlines stake sale
Kumho Asiana Group has begun the process of selling its entire stake in Asiana Airlines, as first announced in April.
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NewsMission Systems boost Northrop Grumman Q2 profits
Northrop Grumman’s second quarter operating profit jumped 16% year-on-year to $946 million in the second quarter, helped by strength in its Mission Systems business.
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News
Bombardier completes big CMS installation in Singapore
Bombardier’s Singapore service centre has installed and certified a new cabin management system (CMS) on a Global Express XRS, as the company beefs up its Southeast Asia presence.
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NewsHawaii's Wing Spirit to operate 15 HondaJet Elites
Hawaii start-up charter operator Wing Spirit has announced that its total HondaJet Elite fleet will number 15, following the delivery of its first two examples earlier this month.
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News
Rolls-Royce, Indra end talks over ITP Aero
Rolls-Royce has ended talks with Spanish technology company Indra about the potential sale of a majority stake in the former’s Bilbao-based subsidiary ITP Aero.
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AnalysisBoeing warns of 737 production halt as grounding slams Q2 results
Boeing has warned it could decide to stop 737 Max production should the ongoing regulatory review extend beyond the company’s current expectation.
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NewsGeneral Dynamics' Q2 aerospace profit slips to $331m
General Dynamics’s aerospace business earned an operating profit of $331 million in the second quarter of 2019, down 14% from $386 million in the second quarter of last year.
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NewsPratt & Whitney prepares GTF for new opportunities
Pratt & Whitney is continuing to ready its geared turbofan (GTF) engine programme for the next wave of aircraft development, with Boeing’s proposed New Mid-market Airplane (NMA) the closest short-term opportunity.