All news – Page 810
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French aerospace investment fund poised for further deals
Ace Aero Partenaires, the public-private investment fund backed by the top four companies in the French aerospace industry, hopes to conclude its next set of deals in the coming months, with the aim of hitting “cruise speed” by mid-2021.
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European airlines have hit lowest point: HSBC
European airlines can expect improving prospects towards the end of this year and next, bank HSBC has predicted, citing the progress being made on airport testing and vaccines.
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Travel bubbles a ‘big step in right direction’: AAPA chief
The Association of Asia Pacific Airlines (AAPA) sees the establishment of travel bubble arrangements — such as the recently-announced example between Singapore and Hong Kong — as a “big step in the right direction” to restarting cross-border travel amid the coronavirus outbreak.
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KrasAvia introduces ex-Swedish ATR 72s as it awaits Il-114-300s
Russian carrier KrasAvia has started introducing ATR 72-500s to replace older Soviet types, as it awaits the arrival of new Ilyushin Il-114-300s. Krasnoyarsk-based KrasAvia has taken two ATRs, the latest arriving at its Krasnoyarsk base on 14 November. It says the aircraft have been acquired with the support of the ...
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Stobart Group still plans airline exit despite Aer Lingus franchise setback
Stobart Group still intends to divest its regional operator Stobart Air by the end of the financial year, despite Irish carrier Aer Lingus’s deciding not to renew a franchise agreement with the company. Aer Lingus has been using Stobart Air for regional connections for several years and Stobart Group had ...
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Etihad becomes latest carrier to schedule UAE-Israel flights
United Arab Emirates carrier Etihad Airways is to open full services between Abu Dhabi and the main Israeli hub at Tel Aviv, from the end of the winter season. Etihad Airways will serve the Tel Aviv route daily, and year-round, from 28 March next year. Its reservations system indicates it ...
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Qantas celebrates centenary in shadow of pandemic, quietly hopeful about future
Qantas chief Alan Joyce has expressed optimism about the carrier’s prospects of its ultra-long-haul Project Sunrise, stating that the “business case for that is going to be even better” once the gloom surrounding the coronavirus crisis lifts.
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Korean Air to take over rival Asiana
In a major shake-up of the country’s airline industry, the owner of South Korea’s flag carrier Korean Air has announced a W1.8 trillion ($1.62 billion) takeover bid for embattled rival Asiana Airlines.
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Alliance Aviation acquires Toll Group MRO unit
Australia’s Alliance Aviation will acquire transportation and logistics giant Toll Group’s MRO unit, in what it calls a deal of “great strategic value”.
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Croatia Airlines to shore up liquidity with Kn350m government injection
Croatia Airlines is to hold an extraordinary general assembly to approve a recapitalisation scheme which involves raising Kn350 million ($54.7 million) through a share issue. Under the proposal, to be discussed at the 14 December assembly, the share capital of the airline would increase from Kn277.8 million to Kn627.8 million. ...
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Cathay’s ‘very difficult’ October sees first traffic decline in months
Cathay Pacific cut capacity in October — the first time in nearly half a year — as it saw passenger load factor for the month plummet to its lowest since the start of the coronavirus outbreak.
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US Navy orders second batch of TH-73A training helicopters from Leonardo
The US Navy has awarded Leonardo a $171 million firm-fixed price contract for 36 more examples of the TH-73A trainer helicopter.
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Hawaiian Airlines’ frequent travellers can redeem miles for Covid test
Hawaiian Airlines says that frequent fliers can redeem air miles to pay for a coronavirus test that would allow them to bypass the state’s 14-day mandatory quarantine.
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Avianca slides to $156 million third-quarter operating loss
Avianca Holdings has posted an operating loss of $156 million for the three months ended 30 September.
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DARPA awards contracts for teaming manned and autonomous aircraft in aerial dogfighting
Several months after an artificially intelligent software program beat an experienced fighter pilot in a simulated aerial dogfight, DARPA is moving onto the next phase of its Air Combat Evolution (ACE) program: teaching autonomous programs to team with human pilots in combat.
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Sikorsky plans to autonomously fly multiple UH-60 Black Hawks in formation in 2021
Landing multiple helicopters in a small landing zone – especially an area hidden in a cloud of dust and criss-crossed with enemy gun fire – is one of the more complicated and dangerous manoeuvres US Army pilots must be able to perform. Now, DARPA wants to see if a computer can do it for them.
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Sunweb drops plans to buy Corendon Dutch Airlines
Triton-owned online holiday provider Sunweb Group has pulled out of plans to acquire Corendon’s tour-operating business, including Corendon Dutch Airlines.
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Volga-Dnepr An-124 damaged in departure accident at Novosibirsk
One of Russian outsize freight operator Volga-Dnepr Airlines’ Antonov An-124s has suffered substantial damage after a departure accident apparently involving engine failure. Images of the aircraft (RA-82042) at Novosibirsk show it came to rest on rough snowy ground, on its fuselage underside, with extensive damage to its inboard left-hand Progress ...
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Airlines have ample capacity for vaccine transport: Cargolux chief
Concerns about a lack of air cargo capacity for the global distribution of Covid-19 vaccines – even those requiring the maintenance of extremely cold temperatures during transit – are unfounded, in the view of Cargolux chief executive Richard Forson.
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Nigeria gears up to receive JF-17s
The Nigerian air force is set to receive three Chengdu/Pakistan Aeronautical Complex JF-17 fighters, as well as eight unmanned aerial vehicles (UAVs) from China. The JF-17 acquisition will see Pakistani pilots and technicians deployed to Nigeria for the first year of operations in the country, according to a post on ...