All news – Page 420
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News
Bangkok Airways narrows Q2 loss
Bangkok Airways trimmed its second-quarter operating loss, as revenue increase outpaced a steady rise in costs.
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Hit by wave of crew sickness, Air New Zealand trims capacity forecast
Air New Zealand is to cut capacity over the next six months, as the airline confronts its highest levels of crew sickness in more than a decade.
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Archer completes preliminary design review of four-seat ‘Midnight’
Electric vertical take-off and landing (eVTOL) aircraft developer Archer Aviation has published an image of its piloted four-seat production aircraft, which it’s named “Midnight”.
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Ukraine claims numerous Russian aircraft destroyed in Crimea airbase explosions
Ukrainian military authorities say that some 10 aircraft were destroyed in the recent explosions at a Russian-controlled airbase, but stopped short of claiming responsibility.
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Spirit blames slower recovery on air traffic control issues in Florida
Spirit Airlines is blaming its slower post-Covid recovery in part on air traffic control staffing issues in its home state of Florida.
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LATAM benefits from easing of travel restrictions in Q2
LATAM Airlines Group benefited from increased passenger demand during the second quarter of 2022 as numerous Latin American countries relaxed travel restrictions, making travel easier than it has been for two years.
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Joby expands military partnership in eVTOL development
The California developer of electric vertical take-off and landing (eVTOL) aircraft says a modification to its existing contract under the US Air Force’s Agility Prime programme is worth $45 million.
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Boeing resumes 787 deliveries, handing aircraft to American Airlines
American Airlines has taken delivery of the first Boeing 787 Dreamliner to leave the production line after the US aviation regulator green-lighted the airframe following a 21-month pause
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United pays first installment of $10m to Archer for air taxis
United Airlines has paid air-taxi developer Archer Aviation $10 million in a first installment on its conditional order with the start-up, representing what the companies say is a “watershed moment” for the electric vertical take-off and landing (eVTOL) industry.
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Beta ALIA becomes latest eVTOL to secure Bristow custom
Helicopter operator Bristow Group is ordering up to 55 eVTOL aircraft, further cementing its venture into the emerging electric aviation sector. The company has signed for US firm Beta Technologies’ ALIA-250 which will be capable of accommodating a pilot and five passengers. Bristow’s agreement for five firm and 50 optioned ...
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Analysis
Retrofit momentum continues as older aircraft re-energised with new power
Deals disclosed at recent Farnborough air show underline continued interest in transplanting new powertrains into existing airframes as a fast and affordable way to cut emissions and reduce maintenance costs.
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TUI blames UK flight-disruption costs for third-quarter losses
Leisure company TUI would have generated positive third-quarter earnings but for the operational disruption to its flights, mainly at UK airports, during the period. TUI puts the cost of flight disruption at €75 million ($76 million) but states that the resulting EBIT loss of €27 million for the three months ...
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News
Avianca seeks urgent integration of financially-pressured Viva
Colombian operator Avianca is seeking to accelerate closer ties with Latin American low-cost carrier Viva, in order to protect the budget airline. Avianca has requested authorisation from the Colombian civil aviation regulator to integrate Viva over concerns about Viva’s ability to compete in the face of increased financial pressures. Viva ...
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Cathay Pacific cuts losses despite ‘particularly unfavourable’ start of year
Cathay Pacific Group narrowed its losses for the six months to 30 June on the back of a significant jump in passenger travel revenues, despite what it calls a “particularly unfavourable” operating environment at the start of the year.
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Taiwanese carriers remain in the black amid rising costs
Taiwan’s two largest carriers were profitable in their second-quarter financial results, even as costs and expenses continued to steadily increase.
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Russian airbase in occupied Crimea rocked by explosions
The strategically important Black Sea peninsula was annexed by Russia in 2014 and is home to air fields and naval bases.
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Chinese aircraft continue heavy activity around Taiwan as Beijing extends military exercises
The island nation’s defence ministry says dozens of Chinese military aircraft are still operating around the disputed territory, with Beijing extending its exercises in the area.
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ASL takes full control of maintenance firm X-air Services
ASL Holdings has taken full control of X-air Services, the Belgian MRO joint venture it co-owns with Sabena Technics.
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Boeing notches 130 new orders in July, delivers 26 jets
Boeing landed new orders for 130 aircraft in July, most of which were 737 airframes, with four cancellations.
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Spirit cuts Q2 losses as revenue lift counters rising costs
JetBlue-bound discount carrier Spirit Airlines cut its pre-tax losses for the second quarter to $67.5 million as better than expected revenues helped counter higher fuel costs for the period.