All news – Page 587
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NewsWizz dismisses executive over undisclosed share trading
Wizz AIr has dismissed its chief supply officer over a series of undisclosed share dealings following an investigation by the Financial Conduct Authority, the UK’s finance regulator.
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NewsAirAsia carriers optimistic of strong year-end recovery, amid Q3 traffic collapse
AirAsia Group’s airline units expect a “strong revival” for the year-end period, as key South-east Asia markets begin reopening to tourism.
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NewsProfitable Transavia reflects rebound in European leisure activity
Budget carrier Transavia’s third-quarter operating profit of €105 million ($123 million) reflected strong recovery in leisure demand within Europe. Transavia’s capacity returned to around 85% of the pre-crisis level for the same quarter, and load factor exceeded 78%. Parent company Air France-KLM adds that the budget airline’s yield over the ...
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NewsKAI in rapid development project for manned-unmanned teaming
Korea Aerospace Industries (KAI) has secured a government contract to rapidly develop and demonstrate a manned-unmanned teaming (MUM-T) application with its KUH-1 Surion helicopter.
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NewsANA cuts full-year earnings forecast, citing ‘delay’ in recovery
All Nippon Airways parent ANA Holdings expects to be loss-making for the full-year, as it cites a “delay in full recovery” from the “extended impact” of a prolonged coronavirus pandemic globally.
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NewsSafran ‘optimistic’ as recovery gathers pace
Safran sees continued momentum in the industry’s recovery from the Covid-19 downturn as the French aerospace giant reported a robust performance in the third quarter.
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NewsAir France-KLM awaits Asia re-opening as it turns in third-quarter operating profit
Air France-KLM Group is expecting its overall capacity for the fourth quarter to be some 25-30% down on the same period in pre-crisis 2019. The company gave the estimate as it demonstrated gradual recovery by posting a third-quarter operating profit of €132 million ($154 million). But it is not giving ...
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NewsAustralian Army leases two AW139s to support MRH90 operations
The Australian Army has leased a pair of Leonardo Helicopters AW139s to support a range of missions, including currency requirements for air crew.
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NewsNew Chinese carrier-capable fighter in maiden sortie
A new aircraft carrier-capable variant of the Shenyang FC-31 in flight has appeared on Chinese social media, following weeks of speculation about a maiden sortie.
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NewsPhilippine court grants local recognition for PAL Chapter 11 filling
Philippine Airlines has gained approval from a local court for a petition to formally recognise its Chapter 11 bankruptcy protection process in the USA .
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NewsChilean court gives green light to Delta-LATAM joint venture
Chile’s competition authority TDLC has given the green light to LATAM Airlines Group and Delta Air Lines to implement their planned joint venture.
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NewsIndiGo widens Q2 operating loss; revenue sharply higher
Indian low-cost carrier IndiGo saw operating losses widen to INR14 billion ($187 million) for its second quarter ended 30 September, compared with an operating loss of INR12 billion a year earlier.
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NewsAerospace firms see near-term pain, long-term gain from vaccine mandate
Several aerospace manufacturers are anticipating dismissal of employees who refuse to be vaccinated against the coronavirus, worsening the industry’s labour shortage in the short term.
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NewsSkyWest Q3 revenue reaches $745 million
US regional carrier SkyWest Airlines reported a small profit for the third quarter as it experienced increased demand for its services.
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NewsUSA working to resolve disputes with Turkey over F-35 programme removal
The US Department of Defense sent a delegation to Ankara on 27 October to attempt to resolve fallout from Turkey’s ejection from the F-35 Joint Strike Fighter programme.
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NewsCourt grants LATAM more time to submit reorganisation plan
A US bankruptcy court has granted Chile’s LATAM Group more time to present a restructuring plan.
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NewsTextron Aviation’s Q3 revenue rockets, CEO downplays supply constraints
Textron Aviation’s third-quarter revenue jumped nearly 50% year-on-year amid a booming business aircraft market that has left the Wichita airframer with considerable leverage to set and hold firm aircraft prices.
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NewsSpirit ‘learning’ from its operational meltdown
Spirit Airlines executives say they learned much from the airline’s operational woes last summer, and that they will add staff and cut routes to prevent recurrences.
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NewsEtihad low-emission flight a ‘dramatic example’ of sustainable fuel challenges
Etihad Airways claims to have cut CO2 emissions by 72% on a London-Abu Dhabi flight using a combination of initiatives that highlighted some of the challenges ahead if the widespread adoption of sustainable aviation fuels (SAFs) in particular is to become a reality.
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NewsBacklog at Gulfstream soars to six-year high on booming demand
Gulfstream’s backlog is now at its highest for six years as the airframer continues to benefit from a resurgent market for business jets.