All news – Page 845
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Spirit terminates Asco acquisition plan, warns of Bombardier deal fallout
Spirit AeroSystems has terminated its planned $420 million acquisition of aerospace component maker Asco, while warning it may face lawsuits related to a now-uncertain plan to acquire Bombardier’s aerospace businesses.
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Air France to operate last flight from Tegel
Berlin’s airport operator has confirmed that Air France will conduct the last flight from the German capital’s Tegel airport on 8 November – 60 years after the French flag carrier became the first civilian operator at the former military airfield.
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New digital engineering technologies said to deliver up to 30% cost savings
Digital-engineering and -manufacturing processes have already revolutionized how aerospace products are designed and built.
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Lufthansa cancels Indian flights amid route rights row
Lufthansa is calling for a temporary agreement between Germany and India after it was forced to cancel flights to the country until 20 October amid a row over access under the current travel bubble arrangements. Germany was one of several countries India negotiated a “travel bubble” agreement with in the ...
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US House bill offers airlines $25bn in additional coronavirus relief
The US House of Representatives is considering an additional coronavirus relief package that would extend the payroll support programme (PSP) for aviation workers through March 2021.
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Caribbean Airlines to reduce salaries, lay off staff
Caribbean Airlines is implementing cost cutting measures including salary reductions, temporary layoffs and reducing discretionary spending in order to manage through the coronavirus crisis.
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Air cargo capacity recovery stalled in August: IATA
Efforts to restore air cargo capacity made little progress in August as the market remained hamstrung by grounded passenger fleets, new IATA figures reveal
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TAP defers lease payments and looks to sell up to eight aircraft
TAP Air Portugal has negotiated payment deferrals covering about 60% of its leased fleet, and is looking at selling up to eight Airbus narrowbodies as well as returning some aircraft early to lessors.
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Russian domestic traffic tops pre-crisis levels in August
Fresh data published by airline association IATA shows passenger traffic in the Russian market surpassed 2019 levels, but that it was a far from uniform picture of improvement across key domestic markets.
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GKN Aerospace chief executive Hans Buthker resigns
GKN Aerospace is looking for a new chief executive after the sudden resignation of incumbent Hans Buthker.
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Air Serbia settles debt with Etihad bondholders
Air Serbia has disclosed its repayment of a $57.6 million loan from special-purpose vehicle EA Partners.
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Corsair shareholder to sell majority stake
Corsair’s majority shareholder Intro Aviation intends to sell its stake in the French carrier.
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IATA lowers 2020 passenger traffic hopes on stalled recovery
Airline trade body IATA has lowered its expectations for global passenger traffic this year amid a plateauing in the recovery and bleaker forward booking indicators. IATA now anticipates passenger traffic, as measured in RPKs, this year will be 66% down on 2019 levels. This marks a deterioration on its previous ...
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Dublin Aerospace sets up UK operation in former Flybe hangar
Maintenance provider Dublin Aerospace has established a UK subsidiary at the hangar facilities of defunct regional carrier Flybe at Exeter airport.
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Budget fears end German heavy transport helicopter contest
Germany has cancelled its long-running acquisition of heavy transport helicopters citing budgetary concerns, leaving the replacement of its fleet of elderly Sikorsky CH-53GA/GS models in limbo.
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Swiss chief Kluhr to step down at year-end
Lufthansa Group carrier Swiss’s chief executive, Thomas Kluhr, is to resign from his post at the end of this year, having delayed his departure from March. Swiss states that Kluhr, who has headed the airline for nearly five years, has requested that the board “release him from his duties”, and ...
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US bill details certification and training upheaval in 737 Max’s wake
US legislators have unveiled a proposed overhaul of aircraft certification intended to reform and reinforce the process in the aftermath of the fatal accidents involving the Boeing 737 Max. The bipartisan bill has been submitted jointly by two Democrat and two Republican representatives, including chair of the House Committee on ...
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E195 marks Vietnam debut with Bamboo Airways
Vietnam’s Bamboo Airways has commenced services with a pair of leased Embraer E195 regional jets, operating the resort island of Con Dao. The two aircraft are wet leased from Denmark’s Great Dane Airlines, says Embraer. It adds that this marks the service debut for the type in Vietnam. ...
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Guangzhou Baiyun to add terminal, two runways in latest expansion
Guangzhou Baiyun international airport has embarked on a fresh round of expansion, as part of plans to become an aviation powerhouse in China’s Greater Bay Area. The expansion project, which costs CNY54.4 billion ($7.98 billion), will see the airport add a fourth and fifth runway, a third passenger terminal covering ...
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JAL, Volocopter eye Japan air taxi launch within three years
Japan Airlines (JAL) and Volocopter will work together to promote urban air mobility for both passengers and goods in Japan. “The agreement outlines that Volocopter and JAL work on permanent sustainable commercial operations of air taxis in Japan,” says JAL. Source: Volocopter An artist’s impression of Volocity air ...