All news – Page 866
-
NewsFiji Airways quashes insolvency rumours
Fiji Airways has rejected what it describes as injurious media speculation about its financial health. ”Fiji Airways is not insolvent by any definition of the word, whether you look at our cash flow or our balance sheet,” managing director and chief executive, Andre Viljoen said in a statement on 27 ...
-
NewsRolls-Royce weighs ITP Aero disposal as civil aerospace activity buckles
Rolls-Royce is weighing the disposal of its ITP Aero division as a halving of flying hours, depressed deliveries, and heavy exceptional charges sent its civil aerospace division into an underlying gross loss of more than £1.5 billion ($2 billion). It says it is reviewing its portfolio to identify assets “no ...
-
NewsAir New Zealand posts first loss in 18 years
Air New Zealand reported an NZ$87 million ($58 million) underlying loss for the financial year (FY) ended 30 June, as the Covid-19 pandemic swiftly changed its fortunes during the reporting period. “The 2020 financial year has been a year of stark contrast. Air New Zealand had a solid start to ...
-
NewsAirAsia X posts record quarterly loss amid ongoing grounding
Beleaguered long-haul, low-cost carrier AirAsia X will remain grounded “in the near term”, as it trims its fleet and network amid a record operating loss. The carrier, which only operates international routes, is also looking to sell two Airbus A330 aircraft to raise cash, and negotiating the early return of ...
-
NewsVertical Aerospace unveils gull-winged eVTOL design
UK start-up Vertical Aerospace has unveiled the design of its electric vertical take-off and landing (eVTOL) aircraft that will enter series production, and says it aiming to begin the “pioneering, affordable” gull-winged air taxi to market in 2024.
-
NewsCzech carriers apply for protection to stabilise finances
Czech operator Smartwings Group has formally sought temporary creditor protection to buy time to achieve financial stability during the air transport downturn. Smartwings Group, which includes both Smartwings and Czech Airlines, says it has filed with a Prague court for an extraordinary moratorium. The temporary measure provides space to negotiate ...
-
NewsDynetics flight tests X-61A Gremlins for second time, but aerial recovery delayed
The company aborted an airborne recovery of the drone for an undisclosed reason, but says it will make another attempt before the end of the year.
-
NewsUS Army pushes Air Launched Effects development with $30 million in contracts
The projects are divided into three focus areas: air vehicle, mission systems and payloads.
-
NewsLondon Gatwick operator plans to cut a quarter of workforce
London Gatwick airport’s operator is proposing to axe 600 jobs across its business, about a quarter of its employees, as a result of the air transport downturn. It will enter a formal consultation process with employees to discuss the restructuring. Gatwick is managed by a venture between Vinci Airports, which ...
-
NewsWith Tesla and SpaceX credentials, start-up flies pilotless Caravan
A US start-up headed by former Tesla and SpaceX software engineers has completed more than 50 flights of remotely-piloted Cessna aircraft and aims to offer a certified pilotless Caravan 208 within as little as two years. Silicon Valley-based Reliable Robotics has been in business since 2017 but is just now ...
-
NewsAir Baltic half-year net loss grows sevenfold amid crisis
Latvian carrier Air Baltic generated a €185 million ($215 milion) net loss during the first six months 2020, representing a nearly sevenfold increase from a €26.6 million loss in the same period last year.
-
NewsGermany to abandon airport testing and reimpose quarantine
Germany is expected to announce this week that it will replace Covid-19 testing at airports for passengers from high-risk countries with a mandatory quarantine period of up to 14 days, prompting dismay from airline representatives.
-
NewsAviastar tests new robotic line to accelerate Il-76 assembly
Russia’s United Aircraft has introduced a new automated production line for Ilyushin Il-76MD-90A heavy transports which is intended to enhance substantially the assembly process. The technological processes are being tested at the Aviastar manufacturing facility in Ulyanovsk. Compared with the previous traditional process, the automated line will reduce by four ...
-
NewsRussia advances shipborne helicopter programme
Russian Helicopters is to begin work on a new shipborne rotorcraft for the country’s navy, which will be capable of performing troop transport, search and rescue and anti-submarine warfare missions.
-
NewsCrisis interrupts Croatia Airlines talks to cancel A320neo order
Croatia Airlines has disclosed that it has been discussing the cancellation of its Airbus A320neo order, the latest twist in a single-aisle situation dating back 12 years. Its order for four of the re-engined jets was placed in September 2015 – four months before the type entered service – with ...
-
NewsSingapore and Indonesia mull essential travel ‘green lane’
Singapore and Indonesia will begin discussions over a “green lane” for essential travel between the two countries.
-
NewsGovernment extends deadline for Air India sale yet again
The Indian government has extended the deadline for the sale of flag carrier Air India by a further two months, attributing it to the Covid-19 pandemic. In an eighth corrigendum published by the Department of Investment and Public Asset Management, the deadline to submit of expressions of interest has been ...
-
NewsAirAsia to focus on domestic recovery amid widened Q2 loss
AirAsia Group anticipates a return to profitability “in the years to come”, with demand — particularly for domestic travel — expected to increase in the second half of the year. At the release of its second-quarter financial results, group chief executive Tony Fernandes says AirAsia Group has reduced its costs ...
-
NewsArgentina to use pension funds to restart development of IA-100 ‘Malvina’
Argentina, which defaulted on its national debt in May, has decided to dip into its military pension and retirement fund to restart the development of its new trainer aircraft, the IA-100. The country sees its pension funds a means to develop other projects in the future.
-
NewsHill Helicopters unveils ‘disruptive’ HX50 but has mountain to climb to bring it to market
UK start-up Hill Helicopters has revealed the first images of a clean-sheet rotorcraft it says can be delivered in 2023, as it bids to take on established players in light-single segment. However, details of key suppliers and certification process remain under wraps.