All news – Page 699
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NewsCanada to invest an additional C$700m in airport infrastructure
Canada has set aside C$700 million ($579 million) to support the country’s airport infrastructure as it recovers from the coronavirus pandemic.
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NewsFull impact of US pipeline shutdown still unclear, American reroutes two flights
At least one US airline has rerouted flights after a cyber-attack forced the shutdown of a pipeline system that provides nearly half the fuel consumed in the eastern USA.
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NewsBoeing’s orders inch higher in April on fewer cancellations
Boeing’s aircraft orders outnumbered cancellations again in April, marking the third consecutive month of order expansion for the Chicago airframer.
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NewsGreen Africa unveils initial batch of Nigerian domestic destinations
Nigerian start-up carrier Green Africa Airways has unveiled an initial route network on which to commence operations. The network focuses on its Lagos base and comprises six domestic destinations, including the capital Abuja and Port Harcourt. Green Africa also says it will operate to Akure, Ilorin, Enugu and Owerri, cities ...
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NewsST Engineering sets up leasing venture for converted freighters
Singaporean modification and maintenance firm ST Engineering is to establish a joint venture specialising in dedicated freighter leasing, in response to increased demand for cargo aircraft. ST Engineering’s asset-management arm will equally-own the venture with partner Temasek. Over the next five years the venture will acquire passenger aircraft – primarily ...
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NewsHeathrow urges USA to be added to ‘green list’ as traffic down 92% in April
London Heathrow airport’s operator is calling for the USA to be opened up for restriction-free travel to the UK after disclosing April passenger numbers that were down by more than 90% on pre-crisis levels.
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NewsCroatia Airlines trims losses but first-quarter bookings remain weak
Croatia Airlines has managed to reduce first-quarter operating losses to Kn86.2 million ($13.9 million) compared with the previous figure of Kn95.7 million. Its revenues for the period more than halved to Kn113.6 million. The company says the beginning of the year has been “weaker than expected”, with travel reservations still ...
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NewsLuxair expecting gradual summer recovery after heavy full-year losses
Luxair is expecting a gradual resumption of activities for the summer season, but has revealed the effect of the crisis on its financial performance with a full-year operating loss of nearly €160 million ($194 million). The company recorded a 57% fall in revenues to €263 million. Operating losses for the ...
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NewsKAI MRO unit, Airbus team up for CN235, C212 support
The MRO unit of Korea Aerospace Industries (KAI) and Airbus have signed a memorandum of understanding (MOU) for support of the CN235 and C212 tactical transports.
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NewsFormer RAAF P-3 pilot to head Lockheed in Australia, NZ
A former senior Royal Australian Air Force (RAAF) officer has been tapped as the future chief executive of Lockheed Martin in Australia and New Zealand.
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NewsIndiGo’s board approves Rs30 billion local equity fundraising
Indian low-cost carrier IndiGo’s board has approved an equity fundraising of up to Rs30 billion ($408 million).
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NewsCebu Pacific first quarter loss widens to Ps6.8 billion
Philippine low-cost carrier Cebu Pacific Air saw its first quarter operating loss balloon to Ps6.8 billion ($124 million) from P692 million a year earlier.
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NewsQuickstep, Triumph sign aftermarket services agreement
Australia-based composites manufacturer Quickstep has entered an aftermarket services agreement with Triumph Aviation Services Asia (TASA), covering the Australasia region.
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NewsB-52 completes long-range kill chain with simulated hypersonic missile attack
The US Air Force demonstrated a Boeing B-52 Stratofortress bomber carrying out a simulated hypersonic missile strike using targeting data from sensors positioned more than 1,000nm (1,852km) away.
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News321 Precision nears first A321-200PCF delivery, more conversions to begin in June
Aircraft conversion shop 321 Precision Conversions is close to delivering its first Airbus A321 converted freighter, and plans to begin work on a second conversion in June.
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NewsJazeera and Air Arabia experience contrasting first-quarter fortunes
Kuwaiti budget carrier Jazeera Airways has turned in a first-quarter loss while Sharjah low-cost operator Air Arabia managed to achieve a net profit in the same period. Jazeera Airways is proposing a rights issue of KD10 million ($33 million) to improve its liquidity position, after posting a net loss of ...
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NewsUnions squabble over contract for Canadian cargo pilots
Canada’s Unifor union has sharply criticised US-based pilot union Air Line Pilots Association, International (ALPA) for “interference” in pilot-contract negotiations with cargo and charter carrier Cargojet.
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NewsEASA draws up criteria for single-pane observation window modification
European authorities have put forward safety proposals after receiving an application for a large aircraft modification which involves installing two observation windows in the upper aft fuselage. The windows need to be “optical quality”, says the European Union Aviation Safety Agency, which means they will comprise only a single glass ...
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AnalysisBoaz Levy: continuing the turnaround at IAI
New chief executive is a company veteran who has spearheaded several of its successful defence programmes, and takes over when the Israeli state-run group is in the ascendancy.
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NewsArlington Capital buys Triumph’s aerostructures sites, names business ‘Qarbon’
Triumph Group has completed the divestment of three aerostructures manufacturing sites to private equity company Arlington Capital Partners, which has renamed the businesses Qarbon Aerospace. The deal closed on 10 May, around nine months after it was disclosed by Pennsylvania firm Triumph and Maryland-based Arlington Capital. The companies have not ...