All news – Page 698
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NewsSpirit AeroSystems loses $171m in first quarter on back of 787 and A350 costs
A $72 million charge against two key widebody aircraft programmes, combined with other pandemic-related expenses, pushed Spirit AeroSystems to a $171 million loss in the first quarter of 2021, against a loss of $163 million in the same period of 2020.
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AnalysisContenders for RAF Puma replacement face new procurement landscape
With the UK set to replace its Royal Air Force fleet of 23 Puma HC2 helicopters by the middle of this decade, the contenders are already lining up. But the competition will be one of the first major procurements in the country to be conducted under new rules designed to make economic and social factors a core part of the selection process, potentially tilting the field.
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NewsSR Technics extends CFM engine servicing to Leap-1B
Maintenance firm SR Technics is to extend its servicing portfolio to cover the CFM Leap-1B engine for the Boeing 737 Max. The company says it is aiming to achieve certification approval for work on the powerplant at its Zurich facility by the first quarter of next year. SR Technis already ...
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NewsRyanair and Wizz traffic well below pre-crisis levels despite April improvement
Ryanair and Wizz Air carried slightly more passengers in April than in March though traffic remains vastly down on pre-crisis levels as travel restrictions across Europe continue. The low-cost operators are the first airlines in Europe to disclose traffic data for April. Ryanair carried 1 million passengers in April 2021, ...
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NewsSATA state support approved but probe continues into earlier measures
Portuguese carrier SATA Air Acores has been cleared to take government compensation and liquidity support worth over €267 million ($320 million), but a previous investigation into suspected illegal support measures is being extended. European Commission regulators have cleared a €12 million state grant to SATA Air Acores, as compensation for ...
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NewsCrew of 737 cleared for take-off while inspection vehicle occupied Porto runway
Portuguese authorities have opened an investigation after a Boeing 737-400F was cleared for take-off on a Porto runway occupied by an inspection vehicle. The aircraft, operated by ASL Airlines Belgium on behalf of FedEx, had been accelerating along runway 35 at night on 27 April. Portuguese investigation authority GPIAAF estimates, ...
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NewsSIA Engineering warns outlook ‘still fraught with risks’ amid full-year loss
SIA Engineering fell into the red for its full-year financial results, saying that the aerospace industry’s path to recovery is “still fraught with risks”, including the emergence of new coronavirus strains and a resurgence in virus cases.
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NewsAeroVironment lays out vision for teaming aerial drones and robotic vehicles
Long-time tactical drone maker AeroVironment has completed its acquisition of ground robot manufacturer Telerob for $45.4 million in cash and a pay-off of $9.4 million of the firm’s debt.
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NewsMalaysia Airlines has option to extend lease deferrals into 2022
Malaysia Airlines has the option of extending lease rental deferrals into 2022 if the market for air travel does not recover quickly enough.
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NewsAllegiant ‘bullish’ about summer travel, after turning small profit
Allegiant Travel Company, the parent of ultra-low-cost carrier Allegiant Air, turned a slim profit in the first three months of the year as the company prepares for a busy summer with a “bullish” outlook.
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NewsDassault flies second Falcon 6X
Dassault Aviation has flown the second flight-test Falcon 6X, with the new twinjet making a 2h sortie from the airframer’s Merignac production site near Bordeaux on 30 April.
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NewsDomestic and cargo pick-up in March fail to offset international traffic gloom
A strong recovery in the large Chinese domestic market was the key driver for an improved global passenger traffic performance in March, though RPKs still remain two-thirds below pre-crisis levels.
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NewsCorrosion caused by storage prompts FAA to order Leap-1B checks
The Federal Aviation Administration is requiring airlines perform checks to prevent storage-induced corrosion issues involving CFM International Leap-1B engines.
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NewsTurkish Airlines heavily reduces first-quarter losses
Turkish Airlines managed to contain first-quarter operating losses to $72 million, a substantial improvement on the $300 million loss for the same period last year. The airline even generated a $61 million net profit for the first three months. Turkish Airlines’ revenues for the quarter remained down by 29% at ...
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NewsTextron to take time over eVTOL development as batteries ‘not yet ready’
Scott Donnelly, the chief executive of Textron – owner of Beechcraft, Cessna and Bell – has seemingly ruled out the imminent launch of an urban air mobility (UAM) vehicle, stressing that battery technology has not advanced sufficiently to support such an application.
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NewsMajor airlift underway to help India fight Covid-19
Air forces and airlines are conducting a major airlift operation to bring urgently needed medical supplies to India amid the South Asian nation’s coronavirus crisis.
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NewsEnvironmental impact now part of airline fleet thinking: Udvar-Hazy
While Air Lease executive chairman Steven Udvar-Hazy sees airlines giving greater attention to addressing environmental concerns in their fleet planning amid heightened pressure to tackle aviation’s climate impact, he does not believe it will change the useful life of aircraft.
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NewsMalaysia Airlines to phase out A380s ‘in coming months’
Malaysia Aviation Group (MAG), Malaysia Airlines’ parent company, has indicated plans to retire its Airbus A380 fleet “in the coming months”.
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NewsIsrael Aerospace to set up 777 freighter conversion line in Seoul
Israel Aerospace Industries is intending to establish a Boeing 777 passenger-to-freighter conversion facility in South Korea, specialising in both -200LR and -300ER modification. The company has reached a preliminary agreement with Sharp Technics K and Seoul’s Incheon airport regarding the plan. IAI says it aims to convert six 777s annually ...
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News‘Some safe opening’ of air travel expected: Singapore transport minister
Singapore’s transport minister has played down any indication of a V-shaped recovery of the aviation industry this year, but notes that the first shoots of recovery are starting to form and this is something “worth working towards”.