All news – Page 757
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CAE’s civil training business remains profitable in most-recent quarter
Canadian pilot training company CAE’s civil aerospace business turned a C$48 million ($38 million) operating profit in the third quarter of the company’s 2021 fiscal year despite the pandemic driving revenue down by more than half.
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El Al considers further capital raise to obtain loan
Israeli flag-carrier El Al is considering raising further capital as part of its efforts to secure loan financing. The airline says it is “examining the possibility” of raising capital to “strengthen” the company’s equity position. El Al says this reinforced equity is a condition of the Israeli ministry of finance ...
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US airlines lobby against potential Covid-19 test mandate for domestic flights
US airline executives have met with administration officials at the White House to lobby against government deliberations to impose a coronavirus testing requirement for all domestic air travellers.
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Volaris sticks with P&W turbofans for another 80 A320neos
Mexican discount airline Volaris has agreed to power another 80 incoming Airbus A320neo-family jets with Pratt & Whitney PW1100G geared turbofans.
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Bristow plans to muscle in on windfarm market
Helicopter specialist Bristow Group says a move into the offshore windfarm support market is a “strategic priority” for the firm as the energy sector increasingly transitions away from oil and gas to renewable power.
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Embraer delivers 71 jets in fourth quarter
Embraer delivered 71 jets in the fourth quarter of 2020, bringing the number of aircraft it delivered in the full year to 130, as the Brazilian airframer continued feeling the effect of the coronavirus.
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German government finalises airport support package
The German government has agreed a financial support package for airports under which the nation’s 15 largest gateways will receive more than €600 million ($725 million).
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Air Canada ends ‘undeniably grim’ year with Q4 loss of C$1.2bn
Air Canada ended 2020 with a fourth-quarter loss of C$1.2 billion ($950 million), closing a year the company’s outgoing chief executive calls “undeniably grim”.
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Saab ready to shift T-7A trainer work to West Lafayette site
Saab is on track to this year transition manufacturing work in support of the US Air Force’s Boeing T-7A advanced jet trainer programme from Sweden to the USA, the company’s chief executive says.
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Air Canada ‘confident’ that government aid is coming
Air Canada’s chief executive is “confident” that the government of Canada will offer airlines a sector-specific financial aid package – the type of support for which the industry has clamoured since the coronavirus pandemic began.
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2020 was worst for European airport traffic in 25 years
Trade body ACI Europe is calling for further financial support for European airports as they struggle for survival after a year in which passenger volumes fell back to levels last seen 25 years ago.
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French shipping giant CMA CGM to enter air cargo market with A330-200Fs
French logistics and sea transport firm CMA CGM is branching into air freight operations, with the introduction of services using four Airbus A330-200Fs. The company is establishing a new division, CMA CGM Air Cargo, which will be dedicated to air freight services. It states that the strategic move is intended ...
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Spirit targets return to full capacity in summer
Spirit Airlines made a $508 million operating loss in 2020 but plans to return to full pre-pandemic capacity levels by the summer travel season and take delivery of 16 aircraft by year-end. The US low-cost carrier’s 2020 loss compared with a $501 million profit in 2019. The rising number of ...
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Kaman plans flight tests of optionally piloted K-Max in first half of 2021
Kaman plans to start ground and flight testing its K-Max Unmanned Aerial System in the first half of 2021.
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Ethiopian Airlines is ‘cash-positive’ as shift to cargo pays off
Ethiopian Airlines’ decision to temporarily convert 25 passenger aircraft for cargo operations has helped it to become “cash positive” during the Covid-19 crisis, according to the African carrier’s chief executive Tewolde Gebremariam.
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Bell closes on 525 certification as it sets mid-2021 deadline for FAA submission
Bell could finally gain certification for the 525 Relentless this year, ending a 10-year development effort for the super-medium-twin helicopter.
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Pandemic could speed up sustainable ‘reset’ of aviation: webinar
Disruptive alternative propulsion will not come to aviation in leaps and bounds, but will require time, significant investment and partnerships between major manufacturers and small, nimble start-ups
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Jet2 raises £422m to guard against ‘unpredictable shutdown’
Jet2 has raised £422 million ($582 million) through an equity issue aimed at ensuring it has sufficient liquidity in the event of an “extended and likely unpredictable shutdown”.
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Bahrain military picks up former Braathens RJ100
Bahrain’s air force is to receive another BAE Systems Avro RJ100, one of the 10 Avros which had been withdrawn from the fleet of Swedish carrier Braathens Regional Airlines. Braathens Regional had been operating eight RJ100s and a pair of RJ85s but put the aircraft on the market, through Skyworld ...
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Brazilian air force KC-390 in Alaska for cold weather testing
The Brazilian air force has sent one of its Embraer KC-390 Millennium transports to Fairbanks, Alaska, for cold weather testing.