All news – Page 309
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News
New Rolls-Royce chief tears into underperformance and strategic weakness
New Rolls-Royce chief executive Tufan Erginbilgic has given a withering assessment of the company’s strategic and financial performance as it unveiled its full-year results. Rolls-Royce has been “underperforming for an extended period”, he said during a presentation on 23 February. “Cash generation is unsatisfactory. Our debt is still too high. ...
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News
GA manufacturers shrug off supply chain snags with strong 2022 performance
The body that represents business and general aviation manufacturers is putting a positive spin on supply chain pressures that have led to customers waiting longer for aircraft, suggesting they put a helpful “governor” – or speed limiter – on unsustainable demand.
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BAE reports record order intake, as chief executive eyes future growth
BAE Systems secured orders worth £37 billion ($44.5 billion) in 2022, up from almost £21.5 billion during the previous 12 months.
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News
Omani government to permit Israeli overflights: ministry
Oman has become the latest Middle Eastern state to allow transit of Israeli aircraft, a decision which will enable a reduction in flight times for carriers operating Asian routes to and from Tel Aviv. The opening of Omani airspace follows several months of discussions between the two sides, and comes ...
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News
ST Engineering sets up new MRO joint venture in Hubei, China
ST Engineering has entered into a joint venture with cargo operator SF Airlines to set up a MRO unit in Mainland China, as it eyes “rising opportunities” in MRO demand in China and Asia-Pacific.
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News
Rolls-Royce civil aerospace profits up but company 'capable of much more': CEO
Large engine flying hours for Rolls-Royce increased further last year, but remain 35% below the pre-crisis level of 2019, the manufacturer has disclosed. But it expects this gap to reduce to 10-20% this year following the easing of travel restrictions in China. Rolls-Royce large civil engine deliveries reached 190 – ...
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Analysis
India to eclipse China as aerospace’s next frontier
India has displaced China as the global aerospace industry’s growth frontier, with a bigger orderbook and a more welcoming economic and geopolitical outlook.
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News
Hong Kong eyes return of international aviation hub status
Hong Kong has pledged to reclaim its status as an international aviation hub, as it introduces a raft of measures to boost the recovery of passenger traffic at Hong Kong international airport (HKIA).
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News
Qantas reveals ‘Project Sunrise’ premium cabin products
Qantas has unveiled first and business class cabin product concepts for its Airbus A350-1000s, which will operate the ultra-long-haul ‘Project Sunrise’ flights from Australia’s east coast to New York and London.
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News
Qantas picks up used jets amid delivery delays
Qantas Group is to add used and wet-leased narrowbodies over the next two years, as part of near-term measures to mitigate aircraft delivery delays while boosting capacity.
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News
Air NZ swings back to profitability on air travel recovery
Air New Zealand swung to a pre-tax profit of NZ$299 million ($185 million) in the first half of its 2023 financial year, riding a strong recovery in domestic and international air travel.
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News
‘Huge turnaround’: Qantas reports record half-year profit on strong demand, higher yields
Australia’s Qantas Group swung back to profitability on the back of “robust” travel demand and higher yields, despite being hit by a series of operational snags.
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News
F-35 carrier crash attributed to pilot error during high-g landing manoeuvre
A 2022 ramp strike aboard one of the US Navy’s aircraft carriers that resulted in the loss of an F-35C stealth fighter is being attributed to a mistake by the jet’s operator during a normal, but complex, landing procedure.
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News
Pentagon confirms U-2 pilot’s ‘selfie’ with Chinese balloon
For the first time, the public is getting an aerial view of the mysterious Chinese balloon that transited North American airspace during the first week of February. The US Department of Defense (DoD) on 22 February released a photo of the airship – which defence officials say was a spy ...
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News
Volaris expects FAA’s Mexico safety upgrade in 'next six months’: CEO
Mexican ultra-low-cost carrier Volaris expects the Federal Aviation Administration to restore the country’s “Category 1” safety status later this year.
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News
Lufthansa shuffles management as commercial chief takes group role
German carrier Lufthansa has named Heiko Reitz as it new chief commercial officer, with incumbent Stefan Kreuzpainter taking up a Lufthansa Group role with responsibility for network alliance and partner management.
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News
Consortium to explore conversion of manure into sustainable jet fuel
Ten consortium partners are to investigate the conversion of agricultural residue, including manure and straw, into sustainable aviation fuel. The partners are participating in a four-year European Union-funded project called Circulair, formally launched at the beginning of January. It will develop innovative conversion technologies to turn plentiful residues into fuel ...
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News
Racer and AW609 to highlight high-speed capabilities for EU militaries
Military demonstration flights of a pair of European high-speed rotorcraft – the Airbus Racer and Leonardo AW609 – are being contemplated for later this decade under an EU-funded programme.
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News
EFW expands China A321P2F conversions with Haite partnership
Conversions specialist EFW has picked Sichuan Haite Hi-Tech as its first third-party conversions partner on the Airbus A321 passenger-to-freighter (A321P2F) programme, expanding its presence in one its key markets.
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News
Flyr administrator pessimistic over creditors’ claims
Collapsed Norwegian carrier Flyr’s administrator believes there will be no funds available for non-priority creditor claims, once it has addressed those with greater precedence such as wage arrears. Flyr was placed in bankruptcy by an Oslo court on 1 February. Law firm Kvale held an initial creditor meeting on 16 ...