All news – Page 282
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PAL enjoys profitable 2022 on back of post-pandemic boom
Philippine Airlines (PAL) swung to an operating profit of $298 million in 2022, the first positive operating figure since 2019.
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Russia claims stealth material breakthrough
Russia’s Roselectronics claims to have made a breakthrough in low observable materials, with a composite capable of absorbing a wide range of radar frequencies.
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China’s ‘Big Three’ post record full-year losses amid ‘unprecedented difficulties’
China’s three largest airlines plunged to record losses in 2022, a year that was marked by “unprecedented difficulties” as the country’s ‘zero Covid’ policy came to head with a spike in infections.
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Bullish Bonza opens new Melbourne base, eyes network expansion
Australian low-cost start-up Bonza has opened a second operations base in Melbourne - two months after it commenced operations - as it rolls out 11 new routes from the city.
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Virgin Orbit laying off 85% of workforce, plans to cease operations
Cash-strapped Virgin Orbit is laying off 85% of its workforce – about 675 employees – after struggling to operate in recent weeks and ultimately failing to “secure meaningful funding”.
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Alaska Air Cargo to convert two 737-800s into freighters
Alaska Air Cargo plans to boost its fleet supporting the state of Alaska in 2023 by converting two Boeing 737-800s into freighters, with the first jet expected to start hauling cargo this summer.
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USAF to drop Lockheed hypersonic weapon programme after failed test
The Air-launched Rapid Response Weapon had a mixed record, with numerous technical challenges early in development and a recent failed test.
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New US charter carrier Red Way plans to launch operations in June
A new discount charter carrier called Red Way plans to launch in June from Lincoln, Nebraska with nonstop flights to seven US cities.
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Colombia’s Ultra Air shuts down
Colombian discount carrier Ultra Air suspended all flights on 29 March, a move following news that the carrier was short of cash.
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US aerospace leaders disagree on best path to ’net-zero’ carbon emissions
Executives at some aerospace companies clashed on 29 March about which technologies can best help wean the sector off its reliance on fossil fuels.
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Aegean and CAE to launch Greece’s ‘most advanced’ pilot training centre
Greece’s Aegean Airlines plans to establish the country’s first advanced flight training centre through a partnership with Canada’s CAE, a top provider of flight simulators for pilot training.
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Nine dead in double Black Hawk crash
Two US Army Sikorsky UH-60 Black Hawk helicopters crashed in Kentucky during a night training exercise, killing nine soldiers.
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ITA Airways board backs business plan
ITA Airways appears to have taken a further step towards securing a deal with would-be investor Lufthansa after the Italian carrier’s board approved a business plan “shared” with the German airline group.
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SMFL stake purchase to accelerate LCI growth, says lessor’s chief executive
Lessor LCI can “accelerate” its growth path on an “exponential scale” following the acquisition of a substantial stake in the business by a Japanese finance house, its chief executive claims.
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China Eastern, China Southern to resume 737 Max deliveries
Two of China’s three largest airlines are set to restart deliveries of Boeing 737 Max aircraft this year, a move that provides some clarity about the fate of the type in one of Boeing’s key markets.
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ChatGPT already offering ‘immediate-term business benefits’ for airlines
The leaders of Air Baltic and Finnair have joined other industry chief executives in talking up ChatGPT’s potential to positively impact their businesses across a range of functions.
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Failed Flybe was ‘losing millions per month’, say administrators, as total deficiency tops £82m
Birmingham-headquartered Flybe was losing an average of up to £5 million ($6.1 million) during each month of its brief existence, the administrators of the collapsed UK regional carrier have disclosed.
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European SAF development ‘put back a decade’ by US IRA measures
Aviation stakeholders have urged the European Commission to consider improving its sustainable aviation fuel (SAF) incentives in light of the measures included US Inflation Reduction Act, which one airline chief executive described as a global “game-changer”.
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Scoot chief: ‘Business case’ for regional jets as network grows
Scoot chief executive Leslie Thng says the carrier has a good business case for regional aircraft, which will help it expand in the region.
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Ryanair's O'Leary rounds on regulators for failing to act on ATC strikes
Ryanair chief executive Michael O’Leary fears improved service reliability this summer from higher staffing levels across the airport ecosystem could be offset by the impact of air traffic control strikes and continued airspace restrictions because of the war in Ukraine.