All news – Page 953
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NewsUnions urge government to offer Virgin Australia support
Unions are calling on the government to help support Virgin Australia after the airline entered voluntary administration today. The country’s second-largest carrier has appointed Deloitte to help it recapitalise and make it through the coronavirus crisis after talks with various parties, including the government, to secure financial support failed to ...
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NewsAirbus engages ‘remote delivery’ initiative to transfer aircraft to customers
Airbus has started capitalising on communications technology and amended logistical procedures to enable delivery of aircraft remotely, allowing it to continue handing over jets to customers despite the restrictive measures imposed by the coronavirus crisis. Turkish budget carrier Pegasus Airlines has received three Airbus A320neo-family jets through the remote process ...
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News
Wizz Air qualifies for UK coronavirus fund support
Central European budget carrier Wizz Air has obtained confirmation that it can take advantage of the UK government’s support scheme for companies affected by the coronavirus crisis. Wizz Air says it has been assured it is an “eligible issuer” under the Covid Corporate Financing Facility. The airline has not specified ...
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NewsEl Al in talks for bank loan backed by government
El Al has entered discussions with an Israeli bank for a loan which would be partly backed by a state guarantee, in an effort to prop up its financial position. The Israeli flag-carrier had previously sought an assistance package from the ministry of finance but was turned down. While El ...
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NewsCanberra wants ‘market-led’ solution for Virgin Australia recap
Canberra does not want to bail out Virgin Australia and wants to see a “market-led” solution to the airline’s recapitalisation efforts. Australia’s treasurer Josh Frydenberg told a press conference today: “Virgin Australia is a very good airline, performing a very important role and this is a difficult day for its ...
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NewsUSA, Norway to continue THOR-ER hypersonic work
The USA and Norway will continue research work into solid fuel ramjet technologies, with an eye to developing affordable full-sized prototypes with high-speeds and long ranges. The Tactical High-speed Offensive Ramjet for Extended Range (THOR-ER) is an Allied Prototyping Initiative (API) under the USA’s Directorate for Advanced Capabilities. ...
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NewsAVIC AG600 testing moves to the sea
The AVIC AG600 amphibian has moved to a new stage in its testing campaign, operating flights over the sea. Later in 2020, the aircraft is scheduled to conduct its first takeoff from the ocean surface, according to a China Daily report quoting the aircraft’s manufacturer. Video: China’s AG600 ...
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NewsChinese airline market faces consolidation: HSBC
Consolidation among Chinese carriers appears likely, given the “unprecedented challenges” that the global airline industry is facing. A HSBC Global Research report into the Chinese airline industry says it does not “rule out the possibility of further consolidation”, adding that the three largest Chinese carriers — Air China, China ...
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NewsVirgin Australia enters voluntary administration
Virgin Australia has entered voluntary administration as it seeks to recapitalise the business. “The decision comes as the group has continued to seek financial assistance from a number of parties, including state and federal governments, to help it through the unprecedented crisis, however is yet to secure the required support,” ...
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NewsST Engineering clinches $589m in Q1 aerospace contracts
ST Engineering reiterates that its order book “remains robust” despite the coronavirus outbreak. The Singapore-based company adds, however, that it is in discussion with customers about deferments or cancellations. For the quarter ended 31 March, ST Engineering’s aerospace unit clinched about S$838 million ($589 million) in contracts, ...
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NewsMesa accepts $93 million in payroll grants
Mesa Air Group, the parent of Phoenix-based Mesa Airlines, will accept $93 million in payroll support from the federal CARES Act. The US Treasury will not require Mesa to enter into a loan or equity agreement in exchange for the funds because the amount is less than $100 million, a ...
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NewsUS Air Force ends Long-Range Standoff Weapon competition early, choosing Raytheon’s design
The US Air Force (USAF) has ended its Long-Range Standoff Weapon (LRSO) development competition early, issuing a sole-source contract to Raytheon.
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NewsUnited reports preliminary $2.1 billion first-quarter loss
United Airlines has reported a preliminary pre-tax loss of $2.1 billion for the first quarter of 2020 and a $1 billion pre-tax loss on an adjusted basis.
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NewsAirbus advances automatic boom use after F-16 trial
Certification testing of an automatic air-to-air refuelling boom technology for the A330 multi-role tanker transport is on track to commence next year, following a recent campaign conducted by Airbus Defence & Space.
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NewsFour of Norwegian’s crew subsidiaries file for bankruptcy
Scandinavian budget carrier Norwegian has confirmed that four subsidiaries which employ more than 4,000 pilots and cabin crew members in Denmark and Sweden have filed for bankruptcy.
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NewsRussian titanium giant cuts output as aircraft demand sinks
Falling demand for new aircraft has prompted the major Russian metals producer VSMPO-Avisma to cut the quantity of titanium output by about a third this year. The company is a key supplier to the aerospace industry – including Boeing and Airbus – providing the materials for such assemblies as landing-gear, ...
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NewsVirgin Atlantic needs state support to survive: Branson
Virgin Atlantic needs government support to survive the coronavirus crisis, the airline’s founder warned today.
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InterviewOriens Aviation general manager on creating a strong service centre business
Stuart Locke is general manager for aircraft maintenance at Oriens Aviation, sales and service centre for Pilatus in the UK and Ireland, where he is responsible for growing the business and its customer base
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NewsANA lowers full-year forecast on coronavirus impact
All Nippon Airways’ parent company has revised down its financial results forecast for the fiscal year ended 31 March 2020, as the coronavirus outbreak batters air traffic. ANA Holdings expects operating revenues to come in at Y1.97 trillion ($18.3 billion), Y120 billion lower than the previous forecast disclosed on 29 ...
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NewsFirst Nigerian Super Tucano conducts maiden sortie
The first A-29 Super Tucano due for delivery to the Nigerian air force has conducted its maiden flight from Jacksonville, Florida.