All news – Page 1001
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NewsAir Macau exercises option for A320neo from CALC
Air Macau has exercised the option to purchase one Airbus A320neo from Hong Kong-based lessor China Aircraft Leasing (CALC). The flag carrier was granted the option on 11 March 2019 to buy one A320neo that it was set to take on operating lease from CALC by the end of 2019. ...
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NewsLion Air delaying decision on IPO
Indonesia’s Lion Air Group has put on hold plans for an initial public offering, a source tells Cirium. The company was expected to make the call at the end of February, but the person says some investors have been reluctant to hold face-to-face meetings amid the coronavirus outbreak. Moreover, it ...
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NewsUnited’s capacity reduction in Asia extends beyond China
United Airlines has suspended some of its flights to Tokyo, Osaka, Singapore and Seoul and extended its flight cancellations to mainland China and Hong Kong through 30 April. The Chicago-based airline has cancelled flights from Los Angeles and Houston to Tokyo Narita between 8 March and 24 April, and flights ...
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NewsBangkok Airways consortium ‘best’ bidder for U-Tapao hub project
A three-party consortium that includes Bangkok Airways has emerged as the bidder that made “the best offer” to develop an aviation hub at Thai airport U-Tapao International. Along with with BTS Group and Sino-Thai Engineering & Construction, the carrier submitted a joint bid for the “U-Tapao International Airport and Eastern ...
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NewsBangkok Airways’ 2019 profit up despite dip in passenger revenue
Bangkok Airways boosted operating profit 18% to Bt1.68 billion ($53.2 million) last year, despite a decline in revenue from the passenger segment. Revenue rose 2.4% to Bt28.6 billion. However, passenger revenue fell 6.9% to nearly Bt18.9 billion, which the carrier attributed to a strengthening of the Thai baht against major ...
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NewsAmerican, Delta suspend flights to Italy
American Airlines and Delta Air Lines cancelled their flights to northern Italy as passengers become increasingly skittish about traveling to areas where the coronavirus, also known as Covid-19, has rapidly spread in the past few days.
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NewsEl Al predicts deeper financial impact from coronavirus
Israeli flag-carrier El Al is looking to take cost-saving measures after predicting a deepening financial impact on its operations from the coronavirus outbreak. El Al is forecasting a $50-70 million cut in its revenues for the first four months of this year, January-April. This includes a reduction of $40-50 million ...
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NewsBoston to Nantucket: Cape Air’s new P2012 Traveller
The pilot goosed the throttles, the Lycoming TEO-540-C1A engines whined and the Cape Air Tecnam P2012 Traveller accelerated briskly along Boston Logan International airport’s Runway 22R.
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NewsF-35 profitability could suffer after losing cheap manufacturing in Turkey
Ankara was booted from the Joint Strike Fighter programme in July 2019 after the country decided to buy the Russian-made Almaz-Antey S-400 Triumf surface-to-air missile battery.
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NewsWhy the US Air Force chose hypersonic ARRW over HCSW
The US Air Force’s decision to cancel the Hypersonic Conventional Strike Weapon (HCSW) and proceed with Air-Launched Rapid Response Weapon (ARRW) came down to size and shape of the missile, in addition to budgetary pressures and a desire to move toward production faster.
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News‘The fighter jet era has passed’: Elon Musk
Speaking in front of a crowd of fighter pilots for the US Air Force, technology entrepreneur Elon Musk pronounced the end to the manned fighter jet era.
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NewsEuropean regulators open new state aid probe into Alitalia loan
European Commission competition regulators have opened an in-depth state aid investigation into a €400 million ($438 mlllion) loan granted by the Italian state to Alitalia.
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NewsRolls-Royce shrugs off defections from Trent 1000 to GEnx
Rolls-Royce insists the Trent 1000 remains a competitive powerplant despite the technical problems, and the defection of high-profile customers to the rival General Electric GEnx. Japan’s All Nippon Airways has opted for the GEnx, rather than the incumbent Trent, for its latest batch of Boeing 787s. Air New Zealand also ...
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NewsCan VIP services add another revenue stream for helicopter industry?
Can air taxi services help the helicopter industry ease the pain of a protracted downturn in its mainstay oil and gas business? The question understandably exercises leasing and finance specialists – but the answer, like so many attempts to identify clear trends in these turbulent economic times, depends on the balance between optimism and pessimism.
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NewsSpirit AeroSystems 2019 profits slip, Max production to restart in March
Aircraft component maker Spirit AeroSystems’ net income slipped 14% year-on-year in 2019 to $530 million, reflecting Boeing 737 Max issues, booked losses related to a 787 production rate cut and a decline in margins from Airbus A350 components.
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NewsFly540 Dash 8 lands on rough ground after engine failure
One of Kenyan regional carrier Fly540’s Bombardier Dash 8-300 turboprops has made an emergency landing, apparently on open ground, after an engine failure. The aircraft (5Y-CGH) came down near Kapese, an airfield in north-western Kenya. Fly540 says the aircraft sustained a “suspected foreign-object strike” which resulted in an engine failure. ...
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NewsRolls-Royce could choose not to break-even on A350-1000 engine
While the Trent XWB-84 engine for the Airbus A350-900 is set to break even this year, Rolls-Royce is not guaranteeing a similar achievement on the higher-thrust XWB-97 for the A350-1000. Chief executive Warren East, speaking at a 28 February briefing, said the company would ship its first break-even XWB-84 in ...
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NewsAeroflot takes first A350 and confirmed as behind previously undisclosed order
Aeroflot has taken delivery of the first of 22 on-order Airbus A350-900s, which will be used to replace its A330 fleet.
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NewsSafran works to correct Patroller UAV after December crash
Safran believes it now understands the reasons behind the crash of a Patroller unmanned air vehicle (UAV) last December – an incident that took place shortly before the initial example was due to be delivered to the French army.