All news – Page 878
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NewsHypersonic ‘Air Force One’? The USAF is looking into it
The US Air Force has awarded Hermeus Corporation a $1.5 million contract to assess modifying the company’s in-development Mach 5 jet into an aircraft for the future Presidential and Executive Airlift fleet.
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NewsAeroflot seeks shareholder approval to hike share capital
Aeroflot’s board has met to consider increasing the company’s authorised share capital as part of measures to improve its financial stability. Its authorised capital comprises just over 1.11 billion shares, of which 51.2% is owned by the Russian government. In addition to these placed shares, Aeroflot is authorised to issue ...
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NewsLufthansa Group warns of compulsory job losses
Lufthansa Group is warning of compulsory job losses affecting mainline and Eurowings pilots, adding that the situation with ground staff is also uncertain. While there is a preliminary agreement with mainline cabin crew through the UFO union, over 60 days of negotiations with pilot union Vereinigung Cockpit have yet to ...
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NewsCopa’s second-quarter results shattered by travel restrictions
Copa Holdings, the parent of Panama City-based Copa Airlines, reported a second-quarter loss of $386 million as the coronavirus, coupled with numerous government-imposed measures to stop its spread, decimated the company’s business.
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NewsBombardier’s second-quarter deliveries slide as executives urge patience
Despite another quarterly loss and scepticism from financial analysts, Bombardier’s executives insisted on 6 August that the company remains on track to become a profitable standalone aviation business.
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NewsAirbus logs orders but no long-haul deliveries in July
Airbus delivered 49 aircraft during July, and managed to log its first orders for almost four months. The airframer’s deliveries comprised 32 A320neo, 15 A321neo and two A220-300s. Airbus did not deliver any long-haul aircraft over the course of July. Cirium fleets data indicates this was the first month since ...
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NewsLufthansa Group chief resists asset ‘fire-sale’
Lufthansa Group will not rush into a disposal of assets, but expects to focus more on its core operations as it progresses towards recovery from the air transport crisis. It is already in the process of selling the European operation of its catering division LSG and group chief Carsten Spohr ...
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NewsUnnecessary A320 evacuation risked passengers’ being injured by engines
Passengers risked being sucked into the operating engine of a Lauda Airbus A320 after commencing an unnecessary evacuation of the aircraft at London Stansted, investigators have determined. The aircraft (OE-LOA) suffered a contained failure of its left-hand CFM International CFM56 powerplant during the take-off roll on 1 March last year. ...
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In depthUK firm EAG details development roadmap for hybrid-electric regional airliner
A UK company planning to bring a 70-plus-seat hybrid-electric regional aircraft to market by 2028 has laid out its detailed plans for the programme, which will include demonstrator flights from 2024 and will cost a cool $5 billion to bring into series production.
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NewsJeju Air could take $15m hit from cancelled Eastar Jet deal
Jeju Air may have scrapped plans to acquire a majority stake in Eastar Jet, but it could still take a further W18 billion ($15 million) hit to its bottom line.
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NewsEtihad starts network rebuild after ‘enormous challenges’ thwart early 2020 gains
Etihad’s strong start to 2020 was thwarted by the coronavirus pandemic as it now plots the reactivation of its network amid a further drive to reduce costs.
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NewsLufthansa: Freight demand allows zero-passenger break-even on some routes
Lufthansa Cargo was among the few air transport operations to improve its performance over the course of the coronavirus crisis, as demand for freight capacity surged. First-half freight sales rose to €1.3 billion. The logistics division achieved a €299 million ($354 million) profit at adjusted EBIT level over the second ...
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NewsLufthansa Group takes fleet impairment of €300m in first half
Lufthansa Group took an impairment charge of nearly €570 million over the first half, including €300 million relating to withdrawal of aircraft. The company says the figure is connected to 65 aircraft which will be “permanently grounded”. These aircraft comprise six Airbus A380s and five Boeing 747s, plus 11 Airbus ...
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NewsLufthansa strives to restore long-haul network as it foresees 2024 recovery
Lufthansa Group is aiming to offer 50% of prior-year capacity on its long-haul network and 55% on short-haul in the fourth quarter of this year. But the German-based operator says it expects a “clearly negative” adjusted EBIT figure in the second half of the year, and therefore a “further significant ...
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NewsDAE Capital dealing with more complicated deferral requests: CEO
Lessor DAE Capital has improved its cash collection rate since a low point in April, but is now having to contend with rental deferral requests that are longer, bigger and more complex than before. The Dubai-based lessor’s cash collection rate, which it reported as a percentage, improved to the “mid-70s” ...
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NewsCanberra issues special forces helicopter RFP
Australia has issued a request for proposals (RFP) for a requirement to obtain a fleet of light helicopters for use by the country’s special forces. Proposals for Canberra’s Project Land 2097 Phase 4 requirement will be evaluated by the end of 2020, says Australia’s Department of Defence. The RFP’s release ...
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NewsUS Senators call for more financial aid for airlines
Sixteen US senators have requested additional financial aid for the aviation sector as the coronavirus continues to prevent a return to normal operations.
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NewsFAA fines Boeing $1.25m for ODA violations
The Federal Aviation Administration (FAA) has proposed fining Boeing a total of $1.25 million in civil penalties for several violations of rules that allow aircraft manufacturers to perform some FAA functions.
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NewsCroatia Airlines rejigs leases to cut costs
Croatia Airlines has postponed a long-term Airbus A319 lease, cancelled a similar Bombardier Q400 lease and dropped a CRJ1000 seasonal lease as part of measures to rein in costs over the first half. Over the second quarter the company made a loss of Kn62.7 million ($10 million), it states, despite ...
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NewsUS Air Force produces first 3D-printed metal part for aircraft engines
The service reverse engineered and reproduced an anti-ice gasket for the Pratt & Whitney TF33-P103, a turbofan engine which powers the Boeing E-3 Sentry, the Boeing B-52 Stratofortress and the Northrop Grumman E-8.