All news – Page 248
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NewsVirgin Atlantic cuts losses but pushes profit return to 2024
Virgin Atlantic now does not expect to return to the black until 2024 after today disclosing a pre-tax loss of £206 million before exceptionals for 2022.
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NewsGo First extends grounding for further week as it secures bankruptcy protection
Struggling Indian carrier Go First looks to have secured much-needed relief after an Indian tribunal reportedly granted its urgent request for bankruptcy protection.
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NewsEU court annuls Lufthansa and SAS state aid approvals after Ryanair complaints
The European General Court has annulled the European Commission’s approval of state aid provided to Lufthansa and SAS during the Covid-19 crisis.
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NewsMelrose to focus on growing GKN Aerospace as it steers clear of further acquisitions
Turnaround specialist Melrose Industries has ruled out further acquisitions in the near term as it looks to realise further value through the transformation of GKN Aerospace – the sole company remaining in its portfolio.
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NewsInsitu sees market for Integrator VTOL in Asia-Pacific
Insitu, the Boeing-owned developer of unmanned air vehicles (UAVs), sees opportunities in the Asia-Pacific for the new vertical take-off and landing (VTOL) capability designed for its Integrator UAV.
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NewsIsrair claims ‘positive’ signs from Smartwings shareholders
Israeli operator Israir Group has received a “positive indication” from shareholders in Smartwings regarding its proposal to take over the Czech airline. Israir Group has been pursuing an acquisition of Smartwings for several months and is trying to seal a binding agreement for the carrier. Its proposal has centred on ...
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NewsRockton firms interest in Heart ES-30 as airframer quietly adds more LoIs
Swedish lessor Rockton is to acquire up to 40 of compatriot Heart Aerospace’s ES-30 hybrid-electric aircraft, converting a letter of intent for the developmental 30-seater.
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NewsBrazil opens Gripen E/F final assembly line at Embraer plant
The Brazilian air force will receive its first locally-assembled Saab Gripen E fighters in 2025, following the inauguration on 9 May of a new production line at Embraer’s plant in Gaviao Peixoto, Sao Paulo State.
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NewsPhilippine Airlines selects nine A350-1000s for long-haul operations
Phillippine Airlines (PAL) has committed to nine A350-1000s that it will use on ultra-long-haul flights to North America and Europe.
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NewsATSB investigates missed approaches at Sunshine Coast, Sydney
The Australian Transport Safety Bureau (ATSB) is conducting inquiries into separate incidents at Sunshine Coast Airport and Sydney Airport that caused Boeing 737-800s to make missed approaches.
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NewsQatar Airways aims to receive all 737 Max 8s by end-July
Qatar Airways has introduced a second Boeing 737 Max 8, and will bring in another seven of the type by the end of July. The Middle Eastern carrier took delivery of its first in mid-April after taking advantage of an opportunity to introduce a batch of the twinjets to its ...
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NewsIHI aerospace revenue sees strong recovery in FY2022
The Aero engine, Space, and Defense business of Japanese conglomerate IHI saw its FY2022 revenues nearly double on increased demand for aircraft engines and spare parts.
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NewsMalaysia’s MYAirline picks Bangkok as first international point
Malaysian start-up MYAirline will launch twice-daily flights to Bangkok from end-June, marking its foray into international operations more than half a year after it launched.
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NewsAir NZ to make multi-billion dollar investments in new jets, refurbishments
Air New Zealand is set to make significant investments in its fleet, capacity and marketing over the next five years, as the airline closes in on pre-pandemic recovery.
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NewsUS government clears Sniper pod sale for Polish FA-50s
The US government has cleared the sale of targeting pods to equip Poland’s future fleet of Korea Aerospace Industries FA-50 light attack jets.
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NewsAir NZ to launch bunk-bed concept on New York, Chicago flights
Air New Zealand has unveiled more details about its “game changer” economy class sleep pod product – including price, configuration and which routes it will be deployed on – as it prepares for a 2024 service entry.
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NewsMesa Airlines posts $35m fiscal Q2 loss amid ‘tough’ transition
US regional carrier Mesa Airlines reported a loss of $35.1 million during its fiscal second quarter of 2023, as the airline worked to cut ties with longtime partner American Airlines in favour of a new deal to fly on behalf of United Airlines.
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NewsUS aviation unions blast SkyWest Charter, ask government to reject application
Ten US aviation unions have called on the US government to prevent SkyWest Airlines’ new charter unit, SkyWest Charter, from gaining Department of Transportation (DOT) approval.
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NewsBoeing lands 17 787 orders in April
Boeing last month landed new orders for 17 787 widebodies as demand for the long-haul jets continued to rebound.
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NewsChorus Aviation posts C$32m Q1 profit on strong demand for regional jets
Canada’s Chorus Aviation reported a profit of C$32 million ($23.9 million) during the first quarter of 2023, boosted by parts sales and strong demand for its regional aircraft leasing business.