All news – Page 871
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NewsSpirit Aero may need more cash, with $920m in acquisitions looming: analysts
The pace at which Spirit AeroSystems has been burning through cash has left some analysts questioning if the company will be able to close two acquisitions as planned, and whether it might need additional funding.
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NewsFrontier bets on cost-sensitive travellers’ return to skies first
Like the rest of the airline industry, Frontier Airlines is cutting costs and seeking federal aid as the pandemic has obliterated passenger demand, while also defending its network position as it plans for an eventual travel recovery.
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NewsBreeze withdraws application for Compass’ certificate
Breeze Airways, the start-up passenger carrier headed by serial aviation entrepreneur David Neeleman, has abandoned its application to acquire the certificate of now-defunct Compass Airlines.
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NewsCAE wins contract for USAF’s new AI-guided pilot training initiative
CAE USA has won a contract for a cloud-based learning management system which is to help guide the US Air Force’s Undergraduate Pilot Training 2.5 initiative.
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NewsCommission clears SATA pandemic state aid but probes earlier capital increase
European regulator have backed a Portuguese €133 million support package to help Azores carrier SATA Air Acores through the coronavirus crisis, but is to probe an earlier funding.
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NewsGerman fund WSF approves local support for Lufthansa subsidiaries
German federal fund WSF has approved local financial aid for Lufthansa subsidiaries Austrian Airlines, Brussels Airlines and Swiss under the group’s €9 billion ($10.6 billion) support package from the government in Berlin. Austrian chief executive Alexis von Hoensbruch describes the approval as a “last hurdle” and expresses gratitude for the ...
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NewsEmirates chief: Sustained social-distancing ‘economic catastrophe’ for airlines
The industry’s recovery from the coronavirus crisis rests squarely on a vaccine, as a sustained policy of social distancing would be an “economic catastrophe”, says Emirates Airline president Tim Clark. But he is “100% confident” that one will be found.
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NewsWizz cements Gatwick ambitions by opening new base
Expanding low-cost carrier Wizz Air has further outlined its intent to grow at London Gatwick airport after announcing plans for a single-aircraft base and the launch of four new routes from this October.
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NewsStobart Group warns of job cuts after EasyJet closes two London bases
Stobart Group has signalled that job cuts could be imminent at Stansted and Southend, as a result of EasyJet’s decision to close its bases at the two London airports.
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NewsPalestinian Airlines offers Fokker 50 fleet for sale
Palestinian Airlines has put up for sale its pair of Fokker 50 turboprops, but insists its operation is not closing down. The carrier commenced operations in mid-1997 with pilgrim transport to Jeddah. It subsequently established its base at Gaza airport which opened the following year, but Israeli forces destroyed the ...
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NewsSwedish debt office denies credit guarantee to Norwegian's local operation
Scandinavian budget carrier Norwegian’s Swedish division has been denied a credit guarantee by the Swedish national debt office. The office states that it has “decided to reject” the application because guarantees can only be granted to airlines considered financially viable on 31 December 2019. It says there was a “very ...
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NewsCourt sets additional hearing dates for Thai Airways rehab
Thailand’s Central Bankruptcy Court has set two additional hearing dates to decide whether the country’s flag carrier should be granted its request for business rehabilitation. After its much-anticipated first day in court on 17 August, Thai Airways said in a same-day filing to the Stock Exchange of Thailand that the ...
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NewsVolga-Dnepr takes delivery of first 777F
Volga-Dnepr Group has received its first Boeing 777 Freighter, delivered under a sale and leaseback deal with Dubai Aerospace Enterprise (DAE). The aircraft will be operated by Volga-Dnepr unit AirBridgeCargo, says Boeing. “We are delighted to welcome Volga-Dnepr Group as our newest customer as they introduce the 777 Freighter to ...
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NewsVertical Aerospace readies new eVTOL design for August reveal
UK start-up Vertical Aerospace will unveil the design for the production version of its electric vertical take-off and landing (eVTOL) aircraft in late August, as it sets sights on European certification and service entry of the five-seat all composite type in 2024.
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NewsAirports trade group advocates for testing instead of quarantines
An international trade group representing airports is the latest organisation to call for widespread coronavirus testing to replace current quarantine measures in order to encourage passengers to begin travelling again.
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NewsOregon Air National Guard to receive first Boeing F-15EX in 2022
Kingsley Field Air National Guard Base near Klamath Falls in southern Oregon will host the US Air Force’s (USAF) first formal training missions.
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InterviewAirbus Americas CEO optimistic in 2021 uptick, predicts ‘morphing’ of industry
The top Airbus executive in North America thinks industry conditions will improve at least incrementally in 2021 but that aerospace companies and airlines will emerge from the downturn changed in ways yet unknown.
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NewsEasyJet confirms axing of three UK bases
Low-cost carrier EasyJet is to close its bases at the London airports of Stansted and Southend, as well as Newcastle, as cuts its UK network to counter lower levels of demand.
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NewsBelgium signs for unmanned SkyGuardian fleet
Belgium’s acquisition of MQ-9B SkyGuardian unmanned air vehicles (UAVs) has been advanced, with General Atomics Aeronautical Systems receiving a contract worth almost $189 million.
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NewsRyanair cuts 20% of Sept-Oct capacity as restrictions hit demand
Low-cost carrier Ryanair has reduced its planned capacity for September and October by 20% as demand for intra-European travel weakens amid government-imposed restrictions.