All news – Page 8
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Istanbul airport chief urges industry collaboration as work on triple-runway operations progresses
Istanbul airport chief executive Selahattin Bilgen is calling for greater industry co-operation to achieve more efficiency gains, as it continues participating in a programme aimed at introducing independent triple-runway operations at the airport.
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Austria signs for 12 new Black Hawks
Austria has signed for a dozen new Sikorsky UH-60M Black Hawks to replace its ageing Bell 212 transports.
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Indian navy retires UH-3H Sea Kings
The Indian navy has formally retired its small fleet of Sikorsky UH-3H ‘Sea King’ helicopters from service.
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Time called on Bonza as liquidators appointed
Grounded Australian carrier Bonza Aviation has formally entered liquidation following a second creditors meeting on 2 July at which liquidators were appointed.
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Cebu Pacific picks Airbus for up to 152 new narrowbodies
Cebu Pacific has selected Airbus to supply its new narrowbody aircraft, signing a memorandum of understanding for the purchase of up to 152 A321neos.
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Qatar Airways Group generates strong full-year net profit
Qatar Airways Group has turned in a full-year net profit of QR6.1 billion ($1.7 billion), up nearly 40%, on revenues of QR81 billion. It states that the figures amount to a record full-year performance for the company. The Doha-based airline says passenger numbers increased more than a quarter to over ...
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Strategic tie-up failure and softer market put pressure on Norse Atlantic
Long-haul budget carrier Norse Atlantic Airways admits the recent failure of strategic investment talks with a potential partner has contributed to pressure on near-term liquidity. The airline says the situation has been aggravated by “softening” market conditions and lower fares, affecting revenues. It adds that it is experiencing a “tail-heavy” ...
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IAG starts another round of share buy-backs to support Air Europa acquisition
British Airways and Iberia parent IAG is pursuing another share buy-back programme intended to support its proposed acquisition of Spanish operator Air Europa.
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China Southern, EHang partner to explore eVTOL tourism operations
China Southern Airlines has signed a memorandum of understanding with EHang to explore the development of “low-altitude tourism” in the southern Chinese city of Zhuhai.
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GE Aerospace extends CEO Culp’s contract until end-2027
The company’s board of directors on 30 June approved a new employment contract for Culp that extends his term as CEO and board chair until the end of 2027.
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Spirit Airlines adds Fred Cromer as chief financial officer
US ultra-low-cost carrier Spirit Airlines has named Fred Cromer as its chief financial officer, tasking him with helping the company chart a profitable course forward.
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US Army takes delivery of first Block II CH-47F
The delivery of a remanufactured CH-47F Chinook in the latest Block II standard marks a milestone in the US Army’s strategy to modernise its aviation fleet.
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Boeing to maintain Spirit AeroSystems’ defence contracts
The troubled aerostructures manufacturer has become an important supplier of several key US defence programmes, including the air force’s new stealth bomber and the army’s next-generation tiltrotor.
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Airbus could still pick up Spirit AeroSystems entities in Scotland and Malaysia
Airbus’s framework agreement with Spirit AeroSystems shows that the aircraft manufacturer might yet acquire Scottish or Malaysian operations of Spirit if a third-party buyer does not emerge. Both Sprit’s Glasgow Prestwick division and its Subang airport arm in western Kuala Lumpur supply components for Airbus programmes. Neither has been included ...
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Lockheed wavering over NMH bid, sources suggest
Lockheed Martin appears to be on the verge of walking away from the UK’s New Medium Helicopter (NMH) contest without submitting the Sikorsky S-70M Black Hawk for the final stage of the procurement.
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New Pacific Airways chief executive Rob McKinney abruptly leaves post
Rob McKinney, chief executive of Alaskan regional airline Ravn Alaska and floundering start-up carrier New Pacific Airways, has left the group effective immediately.
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Propellers come full circle with urban, regional air mobility
As climate imperatives increasingly challenge air transport, the sector is desperately seeking new technologies to mitigate damage caused by the old ones.
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Eve secures $94m in new financing
Embraer-backed urban air mobility company Eve Air Mobility has secured $94 million in fresh financing from multiple investors that will close in “the coming weeks”.
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Air France-KLM flags summer bookings hit from Paris Olympics
Air France-KLM has warned that travellers avoiding Paris due to the forthcoming Olympic Games could cause a revenue hit of up to €180 million ($193 million) at its French operations.
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Airbus chief: Acquisition of Spirit A350 and A220 work unexpected but necessary
Airbus chief executive Guillaume Faury admits that the airframer was not expecting to be negotiating an acquisition of key aircraft programmes from beleaguered US firm Spirit AeroSystems, but insists it is necessary and that Airbus is ready to absorb them.