All news – Page 701
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NewsCargo proves strong as Icelandair awaits passenger traffic recovery
Icelandair Group has highlighted cargo activity as a strong performance area in the first quarter, a period in which the company generated a net loss of just over $30 million. Revenues for the first three months of the year reached $57.3 million, a decline of 73%, but the company points ...
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NewsGol sees bookings rise as Covid cases recede
Brazilian airline Gol expects sales to pick up as the second wave of the coronavirus recedes in that Latin American country, and potential customers begin to once again make travel plans.
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NewsNorwegian aims to fly 50 aircraft this year, once restrictions lift
Restructuring low-cost carrier Norwegian plans to ramp-up its operations to a peak of 50 short-haul aircraft this year once travel restrictions are lifted and to reach 70 aircraft next year.
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NewsLufthansa reducing cash outflow as it looks to possible capital increase
Lufthansa Group has repaid about half the €2.3 billion ($2.8 billion) it drew through German stabilisation measures and is seeking shareholder authority for another possible capital increase. “The timing and amount of a possible capital increase have not yet been decided. It will depend on various factors, not least of ...
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NewsTransat secures C$700m in government aid
Transat, the parent company of Canadian leisure carrier Air Transat, has reached a deal to borrow up to C$700 million ($569 million) from the Canadian government.
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NewsEmbraer delays E175-E2 service entry one year
Embraer has delayed the E175-E2’s service entry by one year, until 2024, saying it is continuing certification work on the regional jet, but on a revised timeline.
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NewsEmbraer narrows Q1 loss, takes order for 30 E-Jets
Brazilian airframer Embraer says it is confident of the company’s post-coronavirus future after posting higher sales and a smaller loss for the first quarter of the year.
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NewsNorway readies for arrival of 12th NH90
Norway has resumed acceptance activities related to the NH Industries (NHI) NH90 as it readies to take delivery of its 12th example later this year.
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NewsAirbus signals intention to address ‘weak’ presence in freighter market
Airbus has signalled that it intends to reinforce its participation in the freight sector, after admitting that it has a relatively poor presence in the market. The airframer only has a single dedicated freighter, the A330-200F, in its aircraft range, having previously ceased production of the older A300-600F and opting ...
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NewsAirbus yet to decide on future of Cadiz aerostructures site
Airbus is yet to clarify the future of its Spanish plant at Puerto Real in the Cadiz region, following the decision on re-organisation of its aerostructures business in France and Germany. The Puerto Real facility depends heavily on twin-aisle production, manufacturing horizontal stabiliser boxes for the Airbus A350 and A330 ...
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NewsFaradair names former Boeing figure Tinseth to lead hybrid-aircraft advisory board
UK electric aircraft start-up Faradair has recruited former Boeing commercial aircraft vice-president of marketing Randy Tinseth to head its advisory board. It has also signed up former EasyJet executive Tony Anderson to the panel. Faradair says it has made the appointments to “help steer the company through its next phase ...
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NewsLufthansa to operate 40% capacity this year after posting €1.1bn Q1 loss
Lufthansa Group expects to operate around 40% of pre-crisis capacity across this year after today disclosing an adjusted EBIT loss of €1.1 billion ($1.3 billion) as the pandemic continued to hit traffic in the first quarter.
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NewsAirbus commercial aircraft earnings improve over first quarter
Airbus’s commercial aircraft earnings improved over the first quarter, despite a 4% fall in revenues for the division. The airframer turned in EBIT earnings of €343 million ($416 million) for the three months to 31 March, on revenues of €7.27 billion. Its adjusted EBIT reached €533 million, compared with the ...
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NewsAPAC traffic in March reflects ‘dire operating conditions’: AAPA
Asia-Pacific carriers flew just 1.1 million international passengers in March, equivalent to 13% of passenger volumes in the year-ago period when travel began to sharply decline, preliminary figures by the Association of Asia Pacific Airlines (AAPA) show, a reflection of “dire operating conditions”.
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NewsChina adjusts suspension measures for international flights
The Civil Aviation Administration of China (CAAC) has eased some of its penalties for international flights found to carry passengers testing positive for the coronavirus.
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NewsTokyo, Washington spar over F-15J upgrade costs
A disagreement on costs and scheduling is holding up a plan to upgrade Japan’s Boeing F-15J fighters to a new ‘Japanese Super Interceptor’ standard.
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NewsANA rolls out hands-free lavatory doors
All Nippon Airways (ANA) will introduce hands-free aircraft lavatory doors on 21 widebody jets from May, as part of efforts to limit physical contact on aircraft.
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NewsMalaysia expresses pessimism over traffic recovery
The Malaysian Aviation Commission (MAVCOM) has cut its passenger traffic projection for the year, citing the resurgence in coronavirus cases, as well as a general uncertainty surrounding recovery.
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NewsSriLankan aligns passenger network around cargo
SriLankan Airlines is rebuilding its passenger network in line with its cargo operations, after the carrier experienced a near-total collapse of its tourism sales last year as a result of Covid-19, chief executive Vipula Gunatilleka has disclosed.
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NewsBoeing VC-25B takes $318m loss due to Covid restrictions and supplier dispute
Boeing’s V-25B was snagged by coronavirus restrictions and a dispute with a supplier in the first quarter of 2021, causing the company to report a $318 million loss on the Presidential Aircraft Replacement programme.