All news – Page 869
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NewsHandler Swissport to deleverage under financial restructuring scheme
Ground-handling firm Swissport is set to undergo an extensive restructuring, having obtained a commitment for €300 million ($354 million) in liquidity from creditors. The transaction would take its overall liquidity to €500 million by adding to the €200 million currently available to the company.. This interim funding would ultimately be ...
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NewsVietnamese airlines press PM for liquidity support
Vietnamese airlines have asked the government to set up a credit package of D25-27 trillion ($1.1-1.3 billion) to help see them through the coronavirus crisis. According the Civil Aviation Authority of Vietnam (CAAV), the Vietnam Association of Aviation Enterprises has made a direct appeal to the prime minister’s office. ...
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NewsLessor NAC swings to $639m loss in ‘extremely challenging’ year
Nordic Aviation Capital (NAC) could have delivered its strongest-ever results in fiscal year (FY) 2019/2020, based on first-half performance, had it not been for the Covid-19 pandemic. “The company was on track to deliver its 24th consecutive year of increased profitability; however, as Covid-19 began to surface in early 2020, ...
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NewsSeoul orders two KUH-1P Chamsuri police helicopters
The South Korean government has signed a W47.1 billion ($39.7 million) contract with Korea Aerospace Industries (KAI) for two additional KUH-1P Chamsuri helicopters for police work. The two rotorcraft are parapublic variants of the Surion military helicopter, and will be delivered by February 2023, says KAI. Source: KAI ...
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AnalysisCan sightseeing flights tap pent-up air travel demand?
Two Asia-Pacific airlines have this month operated domestic sightseeing flights to meet pent-up flying demand as Covid-19 limits air travel, but how much potential does this market offer in the long run? DINE AND FLY Royal Brunei Airlines’ first-ever scenic flight took off on 16 August, departing from Brunei International ...
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NewsUAE sees Israeli peace deal making it ‘easier’ to buy F-35
The United Arab Emirates (UAE) sees broad benefits flowing from its recent peace deal with Israel, including an easier path to buying the Lockheed Martin F-35 Lightning II stealth fighter, as well as other US-made military products.
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NewsBOC Aviation maintains steady profits amid pandemic
Singapore-based lessor BOC Aviation registered a slight increase in its profits in the first half of this year, though its cash collection rate plummeted to the lowest level in more than a decade. The company posted a profit before income tax of $354 million for the six months ended 30 ...
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NewsXwing successfully tests autonomous flight systems on a Cessna Grand Caravan
Xwing, a San Francisco Bay Area autonomous systems startup, has conducted numerous fully autonomous passenger flights in a Cessna 208B Grand Caravan.
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NewsAI wins 5 to 0 in simulated dogfights against human F-16 fighter pilot
The AI program, named “Falcon”, defeated a senior fighter pilot and F-16 Weapons Instructor Course graduate, call sign “Banger”, in a series of nearly flawless performances that took advantage of the computer program’s ability to fly more precisely and aggressively.
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NewsRolls-Royce deepens partnership with Reaction Engines on cooling technology
A recent surge of interest in multi-Mach propulsion projects from Rolls-Royce is followed today by another technical partnership – which sees the aero-engine manufacturer deepen its partnership with Reaction Engines and its radical cooling technology.
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NewsSamad readies half-scale e-Starling for September maiden sortie
UK start-up Samad Aerospace is preparing a 50% scale model of its e-Starling hybrid-electric vertical take-off and landing (eVTOL) aircraft for flight testing in early September, the next major milestone in the development of the six-seat composite air taxi, which is scheduled for certification and service entry in 2025.
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NewsFastjet shareholder provisionally agrees financial support
African budget operator Fastjet Group has obtained a commitment from its main shareholder, Solenta Aviation Holdings, to underwrite a capital raise of at least $1.5 million, providing the company with much-needed funding. Fastjet Group has been struggling with dwindling cash resources as it copes with flight restrictions in Zimbabwe and ...
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NewsLHT chief foresees ‘fierce’ MRO competition for legacy jets
Lufthansa Technik chief executive Johannes Bussmann has predicted MRO-sector consolidation during the coming winter season, and that prolonged operations of legacy aircraft will spark “fairly fierce competition” among maintenance providers.
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NewsEurowings passengers can pay to keep middle seat free
Eurowings will offer passengers the option of paying extra to keep the middle seat vacant, throughout the entire cabin, on all flights within Europe, after carrying out a “successful” trial of the measure.
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NewsIATA warns that Argentina may delay September air travel restart
Rumours are swirling that Argentina’s government might push back its plan to reopen the country to air travel on 1 September, throwing uncertainty around carriers’ plans to resume operations to the country.
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NewsPegasus talks to Airbus about changes to A320neo-family deliveries
Turkish budget carrier Pegasus has indicated that it will push back some aircraft deliveries, as it continues negotiations with Airbus regarding the A320neo-family twinjets it has on order.
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NewsAmerican cuts 15 cities from network as government aid expires
American Airlines intends to axe routes to 15 destinations, as it begins trimming its network due to the expiration of government aid and a lack of demand for air travel.
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NewsFirst German armed forces A350 nears certification and delivery
Germany’s government has unveiled the first of three Airbus A350-900s which have been configured for the special air mission wing of the ministry of defence. The aircraft – designated 10+03, and the first of the type not destined for commercial service – has undergone modification at the Lufthansa Technik facility ...
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NewsFirst GE90-powered Boeing 777 flies into retirement
The world’s first GE Aviation-powered Boeing 777 made what is expected to be its final flight today when it was ferried from London Heathrow into retirement by British Airways.
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OpinionReturning to the cockpit is not without risk, but it is a manageable one
While many pilots believe they are born aviators, prolonged downtime means refresher training is essential before recommencing flight operations.