All news – Page 147
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News
Comac confirms ‘C929’ moniker as widebody enters ‘detailed design’ stage
Comac’s in-development C929 widebody programme appears to be progressing, despite the Chinese airframer having quietly dropped its Russian joint-venture partner.
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Airbus signs up Indian firms to build airframe and wing components
Airbus has signed a series of agreements with Indian companies to locally produce airframe and wing parts for the A320neo, A330neo, and A350.
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Ryanair cautions over 737 Max deliveries as it sets out full-year profit forecast
Ryanair is expecting full-year net profit of up to €2.05 billion ($2.2 billion) despite higher fuel costs and uncertainties over Boeing 737 Max deliveries. The airline cautions that up to 10 of the 57 737s due for delivery before summer 2024 could be delayed until the winter season. “We are ...
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Garuda swings to loss despite revenue jump
Garuda Indonesia swung back to a nine-month loss despite an increase in revenues, due to the lack of income gained from debt restructuring, and as it took a hit from foreign exchange losses.
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Egyptian prime minister indicates plans for private sector to run airports
Egypt’s prime minister has stated that the government intends to open the management and operation of airports to the private sector. Mostafa Madbouly made the declaration during a roundtable at the transport and logistics event Trans MEA in Cairo, which opened on 5 November. The roundtable included more than 20 ...
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Royal Jordanian confirms profitable third quarter while bracing for conflict impact
Royal Jordanian has disclosed that it achieved a JD27.5 million ($38.8 million) net profit for the third quarter, taking the profit at the nine-month mark to JD10.8 million. This performance contrasts with the corresponding net losses of JD861,000 and JD71.6 million during the previous year. Over the quarter the company ...
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SAS to replace debtor-in-possession finance pact as it enters investment agreement
Scandinavian operator SAS has entered a formal investment agreement with a Castlelake and Air France-KLM consortium, and will replace its debtor-in-possession financing from Apollo with a new arrangement with Castlelake. SAS is under US Chapter 11 bankruptcy protection and restructuring through implementation of its ‘SAS Forward’ programme. As part of ...
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Middle East air transport recovery faster than expected: Boeing regional sales chief
Middle Eastern air transport activity has recovered more sharply than expected post-pandemic, Boeing’s sales chief for the region believes, with Saudi Arabia becoming a particular focal point. Boeing’s latest commercial market outlook shows demand for 3,025 aircraft in the Middle East over the next 20 years. This figure includes 1,350 ...
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Norse Atlantic expands share offering after strong investor demand
Norse Atlantic Airways is looking to issue another 9.1 million shares to investors, following the successful completion of a private share placement which raised gross proceeds of NKr613 million ($55 million) – higher than the NKr501 million originally sought. The private placement – aimed at shoring up liquidity for the ...
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Reliable Robotics embracing radar as integral part of autonomous flight system
Viewing radar technology as critical for developing its remote-autonomous flight system, California start-up Reliable Robotics has chosen industry expert Marc Pos to lead its radar design.
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US government approves US airlines’ complaints about Amsterdam capacity cuts
The US government has approved complaints by JetBlue Airways and trade group Airlines for America against the government of the Netherlands and European Union for alleged violations related to capacity cuts at Amsterdam Schiphol airport.
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IndiGo ramps up mitigation measures as GTF groundings grow
IndiGo is maintaining its full-year capacity guidance as it intensifies mitigation measures in response to news that more of its Pratt & Whitney geared turbofan (GTF)-powered aircraft will be grounded in the coming months.
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Kuwait Airways seeks profitability but near-term privatisation unlikely: chairman
Kuwait Airways’ new chairman is not expecting any near-term revival of plans to privatise the airline, indicating it will remain a government-owned operator. Potential privatisation has been a drawn-out saga, dating back more than 15 years. The initiative to sell a large shareholding would intermittently gain momentum, only to be ...
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Titan A321neo lost windows in flight after thermal damage from high-power floodlights
Investigators believe intense heat from film floodlights concentrated on the exterior of an Airbus A321neo caused the aircraft’s windows to suffer thermal damage, before a number of window panes fell from the jet during a flight from London Stansted. The Titan Airways aircraft had been conducting a positioning service to ...
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IndiGo overcomes seasonal weakness to report profitable second quarter
IndiGo recorded a positive result in its seasonally weakest July-September period for the first time in five years, extending its profitable run to four quarters
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All Lufthansa airlines to be profitable for first time in 2023: Spohr
Improved performance across all its carriers means Lufthansa expects all its airline units to be profitable for the first time this year.
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Norwegian extends 737NG contracts to counter Max delays and tight leasing market
Norwegian is signing lease extensions for some of its Boeing 737-800s amid delays in the delivery of 737 Max 8 jets and a tightening market for leased aircraft caused by groundings related to Pratt & Whitney geared turbofans
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Loose washer behind S-92 main gearbox emergency: Norwegian investigators
A loose washer jammed in part of the main gearbox (MGB), likely introduced during routine maintenance, was responsible for a significant oil leak and loss of pressure that forced the emergency landing of a Bristow Norway-operated Sikorsky S-92, Norwegian investigators have disclosed.
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Paid content
How Boeing is solving its customers’ digital headaches
Back in the early 1990s, airlines were digital pacesetters, introducing computers that could “talk” to each other to manage reservations across the globe. Even international banking was not as early an adopter of pre-worldwide web communications technology. However, the industry’s progress since then has been sluggish, with many carriers burdened ...
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Turkish turns to lessors to meet short-term fleet requirements
Turkish Airlines is turning to the lessor market to ensure its growth plans remain on track amid delays in finalising its major fleet order and aircraft availability.