All news – Page 1275
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News
Boeing's 2018 profit hits $10.5bn as production soars
A record number of aircraft deliveries and a rapidly expanding aircraft services business lifted Boeing's net profit up 24% year-on-year in 2018 to $10.5 billion.
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Boeing Defense turnaround helps company post record $101bn sales
Boeing’s revenue reached a record $101 billion in 2018, partly helped by a turnaround in the company’s defence unit, which won several large contracts thereby reversing more than a decade of declining sales.
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US carriers cancel flights as extreme cold hits Midwest
US airlines canceled hundreds of flights on 30 January as record-breaking cold temperatures descended upon the Midwest USA.
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Etihad and LHT partner to stimulate aircraft modification market
Etihad Airways Engineering and Lufthansa Technik have formed a tentative partnership – alongside engineering specialists EAD Aerospace and Envoy Aerospace – to establish common standards for and promote development of supplemental type certificates (STC) for aircraft modifications.
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Analysis
ANALYSIS: Boeing plays catch-up with KC-46A deliveries
When US Secretary of the Air Force Heather Wilson's aircraft was grounded because of smoke in the cockpit, causing her to miss the delivery ceremony for the first Boeing KC-46A Pegasus tanker, the snag seemed to be par for the course for the programme.
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Delta TechOps completes its first Trent 1000 shop visit
Delta Air Lines’ maintenance division has completed its first overhaul shop visit of a Rolls-Royce Trent 1000 engine.
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Air Vanuatu starting Melbourne service
Air Vanuatu plans to start a Port Vila-Melbourne service on 17 June.
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Garuda considers majority stake in Sriwijaya Air
Garuda Indonesia is studying its options about a 51% stake in Sriwijaya Air through low-cost unit Citilink.
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SIA expands JetBlue codeshare; deploys regional A350 to Brisbane
Singapore Airlines (SIA) recently expanded its codeshare with JetBlue on flights out of New York John F. Kennedy International airport, while also deploying the regionally configured Airbus A350-900s on flights to Brisbane.
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Air NZ lowers FY2019 earnings guidance
Air New Zealand (Air NZ) is expecting to post a lower earnings before tax for its 2019 financial year ending on 30 June, as it expects slower revenue growth.
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SIAEC, Jamco re-jig joint ventures
SIA Engineering Company has concluded transactions in two joint venture units, resulting in the divestment of shares and incorporating another as a wholly-owned subsidiary.
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Korean Air standalone profit dropped 28% in 2018
Korean Air reported a 28% slide in its 2018 full year unconsolidated operating profit to W692 billion ($620 million), primarily due to the impact of higher fuel costs.
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News
NokScoot to begin Shanghai services
NokScoot plans to begin Bangkok Don Mueang-Shanghai Pudong services on 25 February.
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GIC closes investment in Nordic Aviation Capital
Singapore sovereign wealth fund GIC has taken a minority shareholding in Nordic Aviation Capital (NAC) as the deal officially closed today.
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Pentagon will not cut F-35 orders for Boeing F-15: Lockheed
Lockheed Martin Chief Executive Marillyn Hewson said she was assured by Department of Defense officials that any order of Boeing F-15 aircraft will not come at the cost of future Lockheed Martin F-35 Lightning II purchases.
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Analysis
ANALYSIS: Finance industry remains calm despite pace easing
'Dublin week', as it's come to be known – when much of the air finance community descends on the Irish capital to discuss the year ahead and forecast what kinds of finance will be available – had a positive, yet more sober tone this year.
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News
Samco services first Swiss A220
Dutch maintenance provider Samco has completed a C-Check on a Swiss Airbus A220.
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Flydubai to add Uzbekistan to network
Flydubai is to compete with Uzbekistan Airways when it adds services to Tashkent in Uzbekistan later this year.
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Norwegian open to 'consolidation' talks after IAG exit
Norwegian remains willing to "engage in consolidation discussions" after IAG's recent confirmation it will not bid again for the carrier, but says no such talks are currently ongoing.
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Analysis
ANALYSIS: Etihad's MRO unit grows third-party business
While Etihad Airways is enduring a period of retrenchment after years of rapid expansion, the Middle Eastern carrier’s technical arm is still on upward growth curve. It has increased its third-party maintenance business and is considering options to expand capacity, potentially beyond the company’s Abu Dhabi base.