All news – Page 493
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NewsPiaggio sale spins up as five bidders conduct due diligence
Five potential buyers for Piaggio Aerospace have been given permission to conduct due diligence on the Italian manufacturer as the latest sale process gathers momentum.
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NewsRussian presidential decree orders aircraft lease payments in roubles
Russian president Vladimir Putin has issued a decree setting out measures for fulfilling aircraft and engine lease payments, stating that they will be met in Russian currency. The decree on “temporary procedures” to meet obligations to certain foreign creditors was signed on 1 April. Hundreds of aircraft leased to Russian ...
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AnalysisSino-Russian CR929 to be another casualty of Ukraine invasion
As Russia’s aerospace sector reels under sanctions following Moscow’s invasion of Ukraine, a longer-term victim is likely to be the ambitious CR929 widebody, jointly developed by China and Russia.
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NewsSAS commercial chief steps down for post in education sector
SAS is losing another senior executive in the space of two weeks, with the decision by chief commercial officer Karl Sandlund to step down. He is set to leave SAS by the beginning of October. His resignation comes two weeks after that of chief financial officer Magnus Ornberg. Sandlund has ...
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NewsRyanair expects full-year loss towards deeper end of guided range
Budget carrier Ryanair is expecting a full-year net loss of €350-400 million ($385-440 million), prior to exceptional items. This is towards the higher end of the previously-guided loss range of €250-450 million for the airline, whose financial year closed on 31 March. Ryanair says its full-year passenger numbers recovered to ...
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News737 Max faces mixed fate in China, as first delivery post-grounding looms
Two of China’s three largest carriers appear to be putting off taking new Boeing 737 Max aircraft in the near term, casting uncertainty the twinjet’s prospects in one of Boeing’s largest markets.
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NewsCanberra kills big acquisition of MQ-9B SkyGuardian
Canberra has moved to axe its acquisition of 12-16 General Atomics Aeronautical Systems (GA-ASI) MQ-9B SkyGuardian unmanned air vehicles (UAVs).
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NewsUS investigators assist probe into China Eastern 737 crash
US investigators have arrived in China to assist an ongoing probe into the crash of a China Eastern Airlines Boeing 737-800.
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NewsAmerican Airlines’ Isom becomes CEO as Parker retires
American Airlines’ Robert Isom has taken over the chief executive role from Doug Parker, who retired on 31 March, marking the end of a 36-year airline career.
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NewsDefiant X completes 700nm test flight ahead of Army air show
The airframe is being jointly developed by Sikorsky and Boeing for a competition to replace the US Army’s iconic UH-60 Blackhawk utility lift helicopter.
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NewsAir France to restore 90% capacity, introduce ‘shuttle’ to JFK
Air France will restore capacity to near pre-pandemic levels by what the airline hopes to be a strong peak summer travel season.
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NewsPobeda parks large part of fleet and concentrates Moscow network on Vnukovo
Aeroflot Group’s budget carrier Pobeda is to cut back its operations, putting 40% of its fleet into storage and trimming its network in response to the constraints on Russian air transport. It will maintain services with 25 Boeing 737s but park 16 others. The airline will also suspend the transfer ...
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NewsOzturk to succeed Nane as Pegasus Airlines chief executive
Pegasus Airlines’ chief commercial officer Guliz Ozturk will step up to lead the airline from 1 May, with current chief executive Mehmet Nane moving to a boardroom role.
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NewsITA reaches Airbus lease agreement with AerCap
Italian operator ITA Airways has reached a formal lease agreement for 12 Airbus aircraft, including a pair of A330neos, with AerCap. The agreement covers 10 A320neos in addition to the two long-haul twinjets. AerCap says the aircraft are scheduled for delivery to the new airline – which commenced operations last ...
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NewsFraport withdraws from Chinese airport market with Xi’an divestment
German airport operator Fraport is withdrawing from the Chinese market, having been unable to build on its involvement with Xi’an Xianyang airport. The company is selling its entire 24.5% shareholding in the airport operator, ending a 14-year partnership which has run since the company acquired the stake in 2008. Fraport ...
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NewsMC-21 serial production delay forces Russia to look at fuel subsidy for older types
Russia’s government is expecting serial production of the Irkut MC-21 to be pushed back by up to two years, and has outlined optimistic plans to ramp-up output of older, and less fuel-efficient, aircraft types in the interim. During a briefing that followed a presidential meeting on the state of the ...
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NewsIndiGo commercial chief Boulter steps down; second executive to leave in two days
IndiGo’s chief commercial officer Willy Boulter is stepping down in July, the second senior executive to leave the low-cost carrier in two days.
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NewsUS lawmaker again tries to heighten aircraft maintenance oversight
A top US lawmaker is again seeking to increase government oversight of commercial aircraft maintenance and of non-US aircraft repair stations.
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NewsBoeing wins NATO contract to explore capability needs for AWACS replacement
NATO has 17 E-3A AWACS command and control aircraft, which it operates from a base in Geilenkirchen, Germany.
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NewsDe Havilland to develop updated water bomber called DHC-515 Firefighter
De Havilland Aircraft of Canada has re-launched development of an updated water bomber based on the stalwart CL-series line of firefighting aircraft.