All news – Page 783
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NewsThai Airways gets extra month to submit restructuring plan
Thai Airways International has been granted a one-month extension of the deadline to submit its rehabilitation plan which will outline how its business will be restructured.
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NewsCathay to resume limited number of UK flights
Cathay Pacific will operate a handful of flights from Hong Kong to London Heathrow from 12 January, but return services will remain suspended.
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NewsBOC Aviation’s lease commitments and aircraft sales down in Q4
BOC Aviation signed fewer lease commitments and extensions in 2020’s fourth quarter than in the same period of 2019, and its aircraft sale activity likewise declined.
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NewsPentagon and Lockheed Martin sign stop-gap, $1.3bn F-35 sustainment deal
The F-35 Joint Program Office awarded Lockheed Martin, and its suppliers BAE Systems and Northrop Grumman, a $1.28 billion “undefinitized contract action” to support operations and sustainment of the global F-35 fleet through 30 June 2021.
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NewsGovernment deposits initial funding for Montenegro Airlines successor
Montenegro’s government has acted swiftly to start establishing a successor to the country’s defunct flag-carrier Montenegro Airlines. The carrier ceased operations on 26 December after the government refused to continue supporting the heavily-indebted company. But the government has formally registered a new company, depositing €4 million ($4.9 million) in founding ...
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NewsBoeing confirms closure of Seattle R&D center
Boeing confirms that it intends this year to shutter a research and development site in Seattle, shifting work performed there to other locations.
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NewsWestJet prepares for 737 Max flights pending approval
WestJet will begin non-commercial test flights of its Boeing 737 Max aircraft during the coming weeks with the aim of having the aircraft type ready to resume revenue flights on 21 January pending approval from Transport Canada.
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NewsFAA requires more V2500 disk removals in response to 2020 uncontained failure
The Federal Aviation Administration is requiring airlines to remove more high-pressure turbine (HPT) disks from International Aero Engines V2500s in response to a 2020 disk failure.
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NewsNew US regulation aims to streamline civil supersonic flight test approvals
US regulators have finalised a rule intended to ease the process by which aircraft manufacturers obtain approvals to perform supersonic aircraft flight tests.
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NewsEasyJet to slash network amid UK lockdown
EasyJet is paring back its operations to just “essential connectivity” between key UK cities and select international routes, as the low-cost carrier’s home country enters a further national lockdown. Existing operations will run up to and including 10 January, to enable passengers to return to the UK, after which the ...
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NewsEl Al names former Avgol executive as new finance chief
Israeli flag-carrier El Al has named Yitzhak Eliav as its new chief financial officer, following the departure of Dganit Palti last year. He took up the post on 4 January, the airline states. Eliav was formerly the head of finance and vice-president of operations at Avgol Industries, a specialist manufacturer ...
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NewsAirbus UK's Bennett to head technology initiative HVM Catapult
Airbus senior vice-president Katherine Bennett is to step down from heading the airframer’s UK division, to lead HVM Catapult, a specialist organisation developed to provide a manufacturing gateway for promising technologies. Bennett, who will succeed retiring chief executive Dick Elsy later this year, says the organisation will contribute to the ...
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NewsKorean Air moves closer towards Asiana acquisition
Korean Air has gained approval from its shareholders to amend its articles of association to help finance its planned acquisition of compatriot Asiana Airlines, moving the carrier a step closer to taking over its rival.
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NewsVietnam Airlines to raise $350m equity from shareholders
Vietnam Airlines plans to issue D8 trillion ($350 million) worth of ordinary shares for sale to existing shareholders to supplement working capital and pay down debt.
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NewsDelta to install new wi-fi portal in 300 of its narrowbody jets
Delta Air Lines has inked a partnership with communications company Viasat that will deliver a new branded high-speed wi-fi portal to passengers on more than 300 of its narrowbody aircraft.
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NewsAmerican, Alaska ban emotional support animals inside the cabin
American Airlines and Alaska Airlines are shutting down the practice of bringing so-called “emotional support animals” (ESAs) into aircraft cabins, after the US Department of Transportation (DOT) last month gave passenger carriers the right to ban them.
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NewsWheels Up purchases charter company Mountain Aviation
US charter company Wheels Up continues to expand through acquisition, announcing it has purchased Colorado-based private aviation company Mountain Aviation.
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NewsTeledyne to buy FLIR Systems for $8bn to grow sensor business
Teledyne has signed an agreement to acquire FLIR Systems for about $8 billion worth of cash and stock.
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NewsAircraft designs must better account for pilot responses: US law
The Federal Aviation Administration will soon require aircraft manufacturers to fully consider how various cockpit warnings might affect the ability of pilots to properly respond to failures.
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NewsEC clears Germany to provide TUI with up to €1.25 billion
Germany’s plan to contribute up to €1.25 billion ($1.53 billion) to TUI’s recapitalisation has been approved by the European Commission, which says the Hannover-headquartered group is facing “a risk of default and insolvency”. The state recapitalisation includes a €420 million silent participation, convertible into shares, by German government fund WSF, ...