All news – Page 763
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NewsStrong cargo demand helps Singapore Airlines cut Q3 loss
Singapore Airlines Group narrowed its third-quarter operating loss, as stronger cargo performance helped offset any further revenue loss from a pandemic-led collapse in passenger travel demand.
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NewsKorean Air reports $213 million operating profit for 2020
Korean Air has reported a W238.3 billion ($213 million) operating profit in 2020, 17% below 2019 levels, on the back of a strong cargo business and company-wide cost cutting efforts.
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NewsMHI’s aerospace unit narrows nine-month loss
Mitsubishi Heavy Industries’ (MHI) troubled SpaceJet programme cut its losses for the nine months to 31 December 2020, as developmental costs fell amid an ongoing programme freeze.
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NewsChina Eastern’s parent to pump in up to $1.67bn via A-share issue
China Eastern Airlines’ controlling shareholder CEA Holding will inject up to CNY10.8 billion ($1.67 billion) into the airline by purchasing nearly 2.5 billion of newly issued A-shares, in a move the Shanghai-based carrier says will provide “strong financial support” for it to develop its business to cope with the impact of Covid-19.
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NewsMartin-Baker Mk18 seat offered for Indian F-21 bid
Lockheed Martin will offer the Martin-Baker Mk18 ejection seat as a candidate for the F-21, in an effort to deliver a more competitive proposal for an Indian air force requirement for 114 fighters. If confirmed, the IN18E seat would replace the Collins Aerospace ACES II from the original F-16 – ...
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NewsAlliance inks E190 wet-lease partnership with Qantas
Australian regional operator Alliance Airlines has inked a wet lease agreement to provide flexible capacity to the QantasLink network with three of its recently acquired Embraer E190s.
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NewsHAL unveils ambitious air-teaming system centred on Tejas
Source: Atul Chandra A two-seat Tejas Light Combat Aircraft will form the centerpiece of CATS (Combat Air Teaming System)
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NewsNew Delhi to Issue RFP for 70 HTT-40s
The Indian air force is expected to issue a request for proposal (RFP) to Hindustan Aeronautics (HAL) for 70 Hindustan Turbo Trainer 40 (HTT-40) basic trainers.
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NewsSmaller Chinese carriers expect comparatively modest 2020 losses
The financial losses expected by three of China’s smaller carriers in 2020 are dwarfed by losses expected at the “Big Three” and troubled Hainan Airlines.
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NewsAH-64E Apache teams with two UAVs to identify, attack target
An Apache AH-64E, a Textron Shadow RQ-7BV2 Block 3 tactical UAV and a General Atomics Aeronautical Systems MQ-1C Gray Eagle Extended Range UAV successfully worked together to carry out an air-to-ground missile attack at Dugway Proving Ground in October.
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NewsAllegiant Q4 loss is $29m, sees recovery ‘on the horizon’
Allegiant Travel Company, the parent of ultra-low-cost carrier Allegiant Air, sees a post-coronavirus recovery “on the horizon” with customer travel intention steadily rising following almost a year of coronavirus-driven inertia.
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NewsCollins’ dogfighting training system flies on US Navy F/A-18E Super Hornet
The US Navy has completed the first in-flight test of Collins Aerospace’s Tactical Combat Training System II (TCTS II), a system that could become the brains behind future large-scale virtual dogfights.
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NewsAmerican warns of more layoffs as expected summer travel demand falls short
Citing the slow pace of vaccinations and new travel restrictions, American Airlines has warned 13,000 workers they might be laid off after government aid expire on 31 March.
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NewsSkyWest asks for extension of temporary cargo reconfiguration rule
SkyWest has asked the FAA to extend a rule that allows carriers to temporarily reconfigure passenger aircraft to cargo operations, in light of the continued depressed demand in the wake of the coronavirus pandemic.
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NewsAirline passenger traffic saw sharpest decline in history during 2020
The coronavirus-ravaged airline industry experienced its sharpest-ever decline in passenger demand during 2020, as global traffic fell 65.9% from 2019 levels, according to full-year data released by IATA today.
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NewsSpanish long-haul start-up World2Fly plans transatlantic services
Newly-established Spanish operator World2Fly is seeking to open transatlantic services to US destinations. The airline – which has ambitions to operate Airbus A350s – has obtained an A330-300 formerly used by Spanish carrier Air Europa. This aircraft (EC-LXR) is powered by Rolls-Royce Trent 700 engines and was originally delivered to ...
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NewsNew Belavia chief prepares for 737 Classic withdrawal
Belarusian flag-carrier Belavia is intending to stop operations with its older-generation Boeing 737s as it looks towards taking the 737 Max. Belavia has appointed a new general director, former marketing director Igor Cherginets, to succeed long-term airline chief Anatoly Gusarov. Cherginets says the airline is planning to modernise with the ...
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NewsAir cargo demand decline in 2020 ‘worst since records began’
The air cargo sector – touted as the airline industry’s bright spot during the coronavirus crisis – saw its largest year-on-year fall in demand since IATA records began during 2020, although the final quarter brought signs of the gap closing.
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NewsSunwing takes two more 737 Max from Air Lease
Lessor Air Lease has resumed deliveries of the Boeing 737 Max, having handed two of the jets to Canadian leisure carrier Sunwing Airlines.
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NewsWizz to open Sarajevo base in May
Central European budget carrier Wizz Air is establishing a base in Sarajevo, in an effort to boost its market position in Bosnia and Herzegovina.