All news – Page 880
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NewsRyanair and Wizz claw back more traffic in July
July traffic figures released today show Wizz Air operated more than 70% of its planned capacity, while Europe’s biggest low-cost operator Ryanair saw its first significant return of passengers since the global pandemic began.
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NewsRussian analysts study unmanned nose-loading twinjet freighter concept
Russian researchers have started investigating a new twinjet cargo aircraft design which would be capable of operating unmanned. The concept – designated the light high-speed transport aircraft – is being analysed by Moscow’s Central Aerohydrodynamic Institute, as part of a Russian trade and industry ministry contract. Preliminary designs show the ...
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NewsAirbus eyeing interim German P-3C fleet replacement need
Airbus Defence & Space is pursuing an opportunity to provide Germany with an interim maritime patrol aircraft capability, after Berlin axed a delayed modernisation of its Lockheed P-3C Orion fleet.
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NewsSpaceJet-related losses hurt Mitsubishi Heavy earnings
The beleaguered SpaceJet regional aircraft programme, which recently saw its developmental budget halved, made up the bulk of losses parent company Mitsubishi Heavy Industries (MHI) incurred, in its first quarter earnings. For the quarter ended 30 June, the SpaceJet programme made a loss of Y68.8 billion ($648 million), due mainly ...
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NewsAircastle grants rental deferrals to half its customers
Lessor Aircastle has granted rental deferrals to 40 lessees, representing half of its customer base, as it warns the impact of the Covid-19 pandemic has been “severe” and the industry may take years to recover. The amount deferred, as of 1 August, is approximately $99 million. “In the current environment, ...
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NewsGaruda posts $723 million first-half loss
Garuda Indonesia was $723 million in the red for the six months ended 30 June, having taken a near-60% hit to operating revenues. Operating revenues came in at $917 million, compared with $2.2 billion in the year-ago period, as revenues from scheduled services declined by 60%. On the other hand, ...
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NewsUpbeat EasyJet hikes summer capacity further than forecast
UK budget carrier EasyJet is expecting to increase its flight activity to 40% of originally-planned capacity in its fiscal fourth quarter, up from the previous estimate of 30%. EasyJet, whose fourth quarter runs to 30 September, says it also expects a smaller loss than the £325 million ($425 million) headline ...
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NewsSpiceJet secures Heathrow landing slots
Indian low-cost carrier SpiceJet has secured landing slots at London Heathrow Airport, effective 1 September. The slots fall under the “bubble arrangement” between India and the UK, and are effective until 23 October, says SpiceJet. Source: SpiceJet SpiceJet’s fleet is comprised entirely of 737s and Dash-8 Q400s ...
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NewsHigher expenses, revenue collapse punish GMF AeroAsia H1 earnings
GMF AeroAsia fell deeper into the red for its half-yearly earnings, on the back of increased expenses and a significant decline in revenue, amid the economic downturn caused by the coronavirus outbreak. For the six months ended 30 June, the MRO unit of Garuda Indonesia posted an operating loss of ...
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NewsNok Air CFO resigns after less than three weeks
Nok Air’s chief financial officer Nuanwan Bhuprasert has resigned effective today, less than three weeks after starting the job and four days after the airline filed for bankruptcy protection. The budget carrier’s chief executive Wutthiphum Jurangkool will resume the role of acting CFO, effective 4 August. Nok Air did not ...
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NewsRussia orders S-70 Okhotnik ‘Hunter’ UAV deliveries accelerated to 2024
The accelerated delivery schedule was acknowledged publicly for the first time when Russian President Vladimir Putin met with UAC chief executive officer Yuri Slyusar for an update on the company’s product development plans.
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NewsFAA proposes four design changes to 737 Max in new AD
The Federal Aviation Administration (FAA) has suggested four key design changes to the beleaguered Boeing 737 Max in order to address safety issues that led to its almost 17-month grounding following two fatal crashes that killed 346 people.
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NewsUN An-74 badly damaged in Mali landing accident
One of Utair Group’s freighter aircraft, an Antonov An-74 TK-100, has been substantially damaged in an accident at Gao in eastern Mali. The United Nations Multidimensional Integrated Stabilisation Mission in Mali – known as MINUSMA – says the aircraft was landing at Gao after arriving from the capital, Bamako, at ...
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NewsRussian-powered MC-21 to fly before year-end and Il-114 sooner
United Aircraft is aiming to fly the first Russian-powered Irkut MC-21 before the end of this year, and the Ilyushin Il-114-300 as soon as September, the aerospace firm’s chief has informed President Vladimir Putin. The MC-21-310 variant will be fitted with Aviadvigatel PD-14 engines rather than the Pratt & Whitney ...
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NewsSupersonic skies looking crowded with entry from Virgin Galactic
The crowded field of aspirants to reintroduce commercial supersonic flight has got another contender with a surprise revelation from Virgin Galactic of a proposed Rolls-Royce-powered Mach 3 delta wing jet – bearing a striking resemblance to Concorde.
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NewsLeonardo slows arrival of Kopter SH09 helicopter as it integrates new acquisition
Leonardo Helicopters has slowed the service-entry schedule for its recently acquired Kopter SH09 light-single and is also likely to build the rotorcraft at an existing production plant in to the north of Italy rather than Switzerland as previously planned.
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NewsCan e-commerce deliver for airlines?
Passenger traffic growth is likely to remain sluggish for some time, but freight remains a bright spot for airlines
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NewsIAG’s Walsh warns against obtaining liquidity without structural reform
Outgoing IAG chief Willie Walsh has warned that obtaining liquidity will offer a false sense of security to airlines unless they fundamentally adapt their business to reflect a different post-crisis market. Walsh points out that British Airways’ second-quarter operating loss of £711 million eclipses that of previous crises – including ...
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NewsAir Europa acquisition remains justified: IAG’s Walsh
IAG is striving to close the acquisition of Air Europa by the end of this year, undeterred by the impact of the air transport crisis, although it is reviewing the structure of the €1 billion ($1.2 billion) deal in response to the downturn. While outgoing IAG chief Willie Walsh has ...
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NewsCovid-19 wipes out 78% of JAL’s first-quarter operating revenue
Japan Airlines posted a Y93.7 billion ($885 million) net loss in the April to June period, as Covid-19-related travel and quarantine measures nearly wiped out the carrier’s passenger revenues. Operating revenues declined by 78.1% year-on-year to Y76.3 billion in the first quarter of the fiscal year (FY) ending 31 March ...