All news – Page 855
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AnalysisAsiana Airlines in ‘close consultation’ with creditors: CEO
The chief executive of South Korea’s Asiana Airlines, Han Chang-soo has expressed regret that the acquisition deal with Hyundai Development fell through, but says the airline is working closely with creditors to chart the way forward. “I have made efforts for the M&A to be completed for about a year ...
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NewsTroubled Nok to improve fleet efficiency, seek alternative revenue sources
Thai low-cost carrier Nok Air, which recently filed for business rehabilitation, will improve fleet efficiency, seek alternative revenue streams, and adjust its marketing efforts - all in a bid to reduce costs. The latest move comes as the troubled carrier’s securities were given the ‘caution’ sign by the Thai stock ...
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NewsBoeing Australia conducts engine start for Airpower Teaming System
Boeing Australia has conducted the first engine run for its developmental Airpower Teaming System (ATS) unmanned ‘loyal wingman’ aircraft. The work is part of ground testing pending preparations of the unmanned system’s first flight, says the company. Video: Australia’s First Loyal Wingman Completes Engine Test Boeing ...
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NewsUSAF passes targeting data to HIMARS inside Boeing C-17
The US Air Force (USAF) has downloaded target information to a High Mobility Artillery Rocket System (HIMARS) while it was being carried inside a Boeing C-17 Globemaster III cargo aircraft.
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NewsAsiana receives $2 billion state funding after failed HDC deal
South Korea’s government will step in to manage Asiana Airlines, giving the carrier a W2.4 trillion ($2 billion) fund injection after an acquisition deal with a Hyundai Development (HDC)-led consortium fell through. The funds will come from the country’s Key Industry Stabilisation Fund with a three-year tenor from the date ...
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NewsUSAF’s digitally engineered aircraft to receive ‘e’ prefix, starting with Boeing eT-7A
If aerospace manufacturers weren’t already motivated enough to design their latest aircraft using much-talked about “digital engineering” software programs, secretary of the US Air Force Barbara Barrett says anyone who does so will have their aircraft prefixed with the letter “e”.
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NewsIATA encourages Canada to relax travel restrictions
The International Air Transport Association (IATA) has called on the government of Canada to relax its stringent travel restrictions and allow air travel within, to and from the country to return to a semblance of normalcy.
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NewsSwedavia cites commercial case for early closure of Stockholm’s Bromma airport
Swedish state-owned airports operator Swedavia has set out the commercial case for the early closure of Stockholm’s Bromma airport in an impact assessment carried out for the government in the light of the global pandemic.
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NewsGeneral Atomics unveils ‘ultra-long endurance’ replacement for MQ-9 Reaper
General Atomics Aeronautical Systems has unveiled a rendering of its next-generation intelligence, surveillance and reconnaissance and strike unmanned air vehicle as a proposed replacement of the US Air Force’s MQ-9A Reaper.
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NewsFAA extends slot relief at seven major US airports
The Federal Aviation Administration is proposing to extend slot relief at seven major US airports so as not to penalise airlines that reduced flying as a result of the aftermath of the coronavirus pandemic.
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NewsElbit tests Hermes 900 UAV on SAR missions for UK coastguard
UK coastguard officials are evaluating the results of a series of demonstration flights conducted with an Elbit Systems Hermes 900 unmanned air vehicle (UAV) as part of research in support of the country’s next-generation search and rescue contract.
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NewsGovernment clears El Al support as Israel heads for new lockdown
Israel’s government has approved the decision to provide assistance to flag-carrier El Al, adding that its share acquisition will be conducted in a manner such that the state does not exceed a 44.9% stake in the airline. El Al is planning to issue 753.3 million shares to raise urgent funding ...
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OpinionFinance availability may hold key to shape of delivery recovery
The year 2020 is set to be a catastrophe for the commercial aerospace sector, as airliner shipments collapse to the lowest levels since the mid-2000s. And right now the prospects for 2021 are not looking a whole lot rosier.
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NewsEuropean Commission agrees to waive 80:20 airline slot rule for winter
The waiver conditions agreed between airlines, airports and slot coordinators earlier in September will be applied immediately, “pending the adoption of fully enforceable conditions”, says European Commissioner for Transport, Adina Valean.
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NewsLondon City outlines plans to cut nearly 240 jobs
London City airport’s operator has outlined plans to cut nearly 240 jobs as part of its response to the air transport crisis. It has opened a formal consultation with staff on the restructuring measure which, it says, will affect 35% of roles. Commercial services were halted on 25 March but, ...
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NewsGreenpeace to launch legal challenge over KLM state aid
Environmental group Greenpeace is to launch a legal challenge to block the Dutch government’s planned €3.4 billion ($4 billion) rescue support for national carrier KLM arguing green conditions tied to the bailout are not strong enough.
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NewsEurocontrol laments ‘backwards’ progress as recovery track diverges
Eurocontrol is blaming a lack of crisis co-ordination among countries for handling air travel, after it revised downwards its expectations for traffic recovery to early 2021. Director general Eamonn Brennan says the situation is “going backwards” and that the development is “really worrying” for the airline industry. Eurocontrol puts the ...
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NewsThai Airways aims to hold creditors’ meeting in early 2021
Thai Airways International has received the Central Bankruptcy Court’s approval for business rehabilitation and targets to hold a creditors’ meeting early next year. The court has also accepted and appointed the airline’s nominations for rehabilitation planners, Thai says in a statement today. Source: Shutterstock Thai Airways fleet at ...
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NewsFrench Bee eyes arrival of A350-1000s, as pandemic fails to dent optimism
Paris Orly-based long-haul, low-cost carrier French Bee remains in upbeat mood despite the coronavirus crisis and will next year significantly expand its fleet with the addition of two leased Airbus A350-1000s.
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NewsCathay to park 40% of fleet in long-term storage overseas
Beleaguered Cathay Pacific will move about 40% of its fleet to long-term storage locations overseas, as it adjusts downwards its forecasted capacity for the coming months. In its monthly traffic results for August, Cathay confirms that it is parking a significant number of aircraft overseas, given that it “will be ...