All news – Page 1098
-
NewsLufthansa to scale winter capacity back after further losses in third quarter
Lufthansa Group will cut capacity to no more than a quarter of previous-year levels for the rest of the 2020 after disclosing a third-quarter net loss of almost €2 billion ($2.3 billion).
-
NewsRex takes its first 737-800
Australia’s Regional Express (Rex) has taken delivery of its first of six Boeing 737-800 aircraft, as it mulls taking up to 10 examples by the end of 2021. The aircraft, stripped of its previous livery save for a ring of red round the engine nacelles, arrived in Sydney on 5 ...
-
NewsTu-160M takes flight with updated engines
The Tupolev Tu-160M strategic bomber has conducted its first flight using updated United Engine Corporation NK-32-02 engines. The flight lasted for 2h 20min and the aircraft reached an altitude of 19,700ft, according to Russian defence holding company Rostec. Source: United Aircraft Corporation The Tu-160M flying with updated NK-32 ...
-
NewsWizz Air confident of surviving worst-case winter
Budget carrier Wizz Air is confident that it would be able to survive a severe deterioration in the air transport crisis, having considered scenarios in which the entire fleet had to be grounded for the second half of the year. Wizz Air turned in a net loss of €243 million ...
-
NewsThai puts 34 aircraft on sale, including entire 747 fleet
Embattled Thai Airways has put up its entire Boeing 747 and its 777-200/300 fleet up for sale, as it aims to raise cash amid a long-drawn business rehabilitation process. The Star Alliance carrier disclosed on its aircraft trading website that 34 aircraft from its fleet will be put up for ...
-
NewsAirAsia X makes creditor status concession to Malaysia Airports
AirAsia X (AAX) has agreed to classify Malaysia Airports as a secured creditor, as it seeks to expedite its massive debt restructuring programme. “After consultation, AirAsia X has accommodated [Malaysia Airports] and made certain clarifications and revised the scheme under two separate classes ’A’ and ‘B’,” says the carrier in ...
-
NewsUS Navy prepares to start low-rate production of AARGM-ER
The US Navy plans to award a sole source contract to Northrop Grumman to start manufacturing the AGM-88G Advanced Anti-Radiation Guided Missile Extended Range, a weapon used to destroy adversary radar and communications systems.
-
NewsTigerair Taiwan gets capital boost from parent China Airlines
China Airlines plans to inject more capital into low-cost unit Tigerair Taiwan, as part of a move to “optimise the capital structure” of the LCC. The SkyTeam carrier discloses that it will pump about NT$657 million ($23 million) into Tigerair Taiwan, bringing its total shareholding to nearly 76%. ...
-
NewsPandemic shakes banks’ trust in state support of flag carriers
The Covid-19 crisis has forced lenders to reassess their traditional view of flag carriers as relatively safe credits due to their implied government support, two aviation financiers have suggested. Going into the crisis in March, Deutsche Bank’s Richard Finlayson expected Asian governments to be more supportive of their airlines and ...
-
NewsITPS Canada to promote KAI FA-50 for adversary training
The International Test Pilots School Canada has signed a memorandum of understanding with Korea Aerospace Industries to promote the FA-50 light attack jet for tactical and adversary training.
-
NewsGulfstream hits stride with G500 and G600 deliveries and announces performance hikes
Gulfstream will by year-end have delivered a combined 92 G500 and G600 aircraft since the first of the pair entered service in 2018.
-
NewsAero engine makers shrink to survive, putting development projects in doubt
Just how significantly the coronavirus pandemic has hammered aircraft engine makers came starkly into view in recent weeks, when several top manufacturers disclosed third-quarter results. Whether this will affect future disruptive initiatives remains to be seen
-
NewsTurkish A350s quietly begin operations as crisis saps profits
Turkish Airlines has been operating its newly-delivered initial pair of Airbus A350-900s on domestic routes, but has yet to confirm a schedule for the remaining aircraft. The airline had 25 A350s on order but, while it had been intending to take five this year, the carrier has not detailed the ...
-
NewsBrazil’s Gol reports Q3 loss, sees important recovery metrics
Brazilian airline Gol lost R1.7 billion ($301 million) in the third quarter but sees signs of industry improvement, as leisure passengers return to air travel.
-
NewsAirbus jet trainer proposal looks beyond Spain, but may struggle for significant sales
An Airbus Defence & Space offer to build a clean-sheet advanced jet trainer for Spain could benefit from the requirements from the manufacturer’s other home nations, but may lack the economies of scale to compete on the global market.
-
NewsNok Air green-lit to pursue restructuring
Nok Air has gained court approval to restructure under a business-rehabilitation process. In a 4 November notice to the Thai stock exchange, Nok chief executive Wutthiphum Jurangkool states that the central bankruptcy court has “ordered granting the company to be in business rehabilitation”. Source: Nok Air The 737-800 ...
-
NewsSabena Technics acquires military support specialist
French MRO provider Sabena Technics has acquired military aircraft support specialist AeroTech Pro to strengthen in the defence arena.
-
NewsAirline passenger demand ‘hit wall’ in September: IATA
Weak international travel demand continued to weigh heavily on the airline industry’s performance in September, according to the latest data from IATA.
-
NewsQatar Airways activates Boeing 787-9 fleet
Qatar Airways has begun operating its Boeing 787-9 fleet, putting four of the long-haul twinjets into service.
-
NewsKlein Vision vows to have flying car on market next year after first sorties
Slovakian developer has begun 50h flight-test programme in bid to certificate road-to-air design.