All news – Page 1358
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News
Thomas Cook shareholder Fosun picks up brand name
Leisure firm Thomas Cook's brand has been acquired by shareholder Fosun Tourism Group as part of an £11 million ($14 million) agreement to pick up assets from the collapsed company.
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AnalysisContrasting fortunes of UAE's two low-cost carriers
It has been a year of contrasting fortunes for the United Arab Emirates’ (UAE’s) two low-cost carriers. All-Airbus operator Air Arabia has continued to thrive, notching up robust first-half profits and adding its first three A321LRs to its fleet of 52 A320s.
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Investigators belatedly detail An-24's fatal loss of stability
Ukrainian investigators have belatedly detailed the deceleration and stall of a heavy Antonov An-24RV which fatally crashed as it attempted to land at Donetsk six years ago.
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SIA Engineering claims strong rise in quarterly profit
Singapore's SIA Engineering boosted operating profit 73% in its fiscal second quarter, to S$19.6 million ($14.4 million).
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Icelandair secures additional 737 Max compensation
Icelandair Group has reached a second agreement with Boeing regarding partial compensation for the 737 Max suspension.
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Mitsubishi Heavy’s aviation unit turns profitable in first half
Mitsubishi Heavy Industries’ (MHI) aircraft, defence and space unit continued to remain in the black, posting a first-half operating profit of Y12.6 billion ($117 million).
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GMF AeroAsia’s nine-month profit tumbles 37%
Indonesian MRO firm GMF AeroAsia saw its nine-month profit nosedive, falling 37% to $24.5 million, as a result of higher operating expenses.
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VietJet to take 20 A321XLRs
VietJet Air is acquiring 20 Airbus A321XLR through a combination of a fresh order placement and converting part of its existing order backlog.
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Ameco obtains EASA approval for 747-8 D-checks
Chinese MRO firm Ameco will conduct the world’s first D-check on a passenger Boeing 747-8, after clinching approval from the European Union Aviation Safety Agency (EASA).
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Qantas grounds two more 737NGs found with cracks
Qantas has grounded two more Boeing 737-800s found to have structural cracks, a day after it removed one aircraft that was found to have a similar issue from service.
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How big production increases caused Lockheed Martin F-35 problems
The Lockheed Martin F-35 Lightning II stealth fighter’s mission capability rate was hurt due to difficulty Lockheed Martin and its suppliers had producing spare parts, an issue caused by a three-year push to dramatically increase production of the aircraft, a top US Air Force official says.
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Embraer delivers 44 jets in third quarter
Brazilian planemaker Embraer says it delivered 44 aircraft in the third quarter of 2019, including its first new flagship E195-E2, to launch customer Azul, bringing total deliveries in 2019 to 117 aircraft.
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Spirit AeroSystems secures another discount on Asco purchase
Spirit AeroSystems will now pay $420 million to purchase Belgium aircraft component shop Asco, having secured a further $184 million discount due to ongoing fallout from a cyberattack against Asco earlier this year.
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Gol Q3 results up despite Max grounding, unscheduled maintenance
Brazil’s low-cost carrier Gol reported a rise in third quarter revenue on increasing passenger demand and “dynamic revenue management” - flexible pricing which allows the company to constantly optimise returns - despite taking a hit for unscheduled maintenance as well as the grounding of its seven Boeing 737 Max aircraft.
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SAA receives first A350 and plans to introduce four
South African Airways has disclosed that it will lease another pair of Airbus A350-900s, after taking delivery of the first of two initial leased aircraft.
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UK space sector eyes future outside EU
Echoing ongoing speculation about the United Kingdom’s post-Brexit future as an economic and diplomatic player, the county’s future as a space power remains uncertain.
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Bombardier keeps 2019 delivery goal as 7500 production ramps up
Bombardier remains confident it will reach its goal of delivering 175 to 180 aircraft in 2019, though the Montreal-based airframer must significantly boost aircraft handoffs to achieve that goal.
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Piper's M600 and Cirrus Vision Jet add automated landing feature
Piper Aircraft’s M600 turboprop and Cirrus Aircraft’s Vision Jet are to feature a new Garmin automatic landing capability in a first for general aviation aircraft.
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Spirit acquires Bombardier aerostructures plants
Bombardier is selling its aerostructures business to US-based Spirit AeroSystems, a deal which includes its wing operation in Belfast and other facilities in Morocco and the USA.