All news – Page 829
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News‘Risk must be rebalanced’ across industry: LOT operations chief
Suppliers such as aircraft manufacturers, lessors and MRO providers must make a greater contribution to shouldering the financial risk borne by airlines amid the air transport crisis, in the view of LOT chief operating officer Maciej Wilk.
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NewsBoeing sees nine-month losses balloon to $3.5 billion
Boeing lost $466 million in the third quarter of 2020, bringing the company’s losses in the first nine months of 2020 to $3.5 billion.
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NewsThird-quarter profits tumble at GE Aviation on sliding engine sales and aftermarket work
GE Aviation saw third-quarter operating profit plunge by 79% year on year, to $356 million, amid tumbling demand for aircraft engines and aftermarket services.
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NewsBoeing aims for nearly 20% staff cuts by end-2021
Boeing anticipates finishing 2021 with 130,000 employees, roughly 19% fewer than the 161,100 it had in 2019.
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NewsLast civil Tu-154 in Russia carries out final flight
Russia’s last Tupolev Tu-154 in civil operation has conducted its final flight, with a service from Mirny to Novosibirsk. Mirny-based carrier Alrosa performed the flight with aircraft RA-85757 on 28 October. Four experienced crew members – two pilots, a navigator and flight engineer – were in the cockpit. Alrosa says ...
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NewsParis CDG passenger numbers sneak ahead of London Heathrow’s
Under the exceptional circumstances of the air transport crisis, Paris Charles de Gaulle airport has overtaken London Heathrow as the primary European hub. Charles de Gaulle handled almost 19.3 million passengers in the first nine months of 2020, according to figures from operator Groupe ADP, down 66.8%. London Heathrow’s total ...
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NewsFinnair ratchets up long-term savings as nine-month loss reaches €450m
Finnair is again hiking its target for permanent cost savings from 2022, raising it to €140 million ($165 million) from the previous level of €100 million. It had already increased the target in August, lifting it from the original figure of €80 million. The Nordic carrier disclosed the change as ...
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NewsAAPA calls on governments to do more for air travel
While there have been “positive” steps taken to establish travel bubbles and essential travel ‘green lanes’ in the Asia-Pacific region, more can be done to better coordinate an air travel recovery amid the coronavirus crisis. Releasing its traffic data for September, the Association of Asia Pacific Airlines (AAPA) doubled ...
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NewsSmall aircraft carriers pick up steam in Asia-Pacific
South Korea and Japan continue to progress their plans for small aircraft carriers, while the Republic of Singapore Air Force has operated Boeing CH-47Ds to the Royal Australian Navy vessel HMAS Adelaide. A key element of South Korea’s defence posture in the 2030s will be a 30,000t aircraft carrier, according ...
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NewsPandemic speeds retirement of older, high-maintenance aircraft
The coronavirus travel downturn is accelerating the retirement of aircraft that are older, less fuel-efficient, and higher maintenance, including Boeing 777 aircraft, Airbus A330 and A380 aircraft, as airline capacity may not return to pre-pandemic levels until 2024, if at all. Airlines will have to reduce costs by selling or ...
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NewsNorthrop starts production of first Australian MQ-4C Triton
Northrop Grumman has commenced production work on the first MQ-4C unmanned air vehicle (UAV) for the Royal Australian Air Force (RAAF). The company marked the production start in a broadcast to a virtual audience that comprised key American and Australian stakeholders in the programme. Assembly of the aircraft kicked off ...
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NewsSIA Engineering flags ‘material impact’ on first-half earnings
SIA Engineering will recognise a non-cash impairment provision against its base maintenance assets in its upcoming financial results for the six months ended 30 September, where it expects a “material impact” from the coronavirus crisis. Releasing its profit guidance for the period, SIAEC adds that it was working on ...
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NewsTaiwan’s Starlux launches new routes to Bangkok, Osaka, Tokyo
Taiwanese carrier Starlux has announced three new destinations in Thailand and Japan to bolster its fledgling operation. Starlux started flying in January with three routes from Taipei Taoyuan, to Macau, Da Nang and Penang. Source: Wikimedia Commons A Starlux A321neo in February 2020 It was due to ...
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NewsNok receives no objections to entering business rehabilitation
Nok Air looks set to be allowed to restructure under court supervision, after nobody raised objections during a court hearing today, according to a 27 October filing to the Stock Exchange of Thailand. The Thai budget carrier says the order on its business rehabilitation petition will be issued at 09:00 ...
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NewsHawaiian posts $97m Q3 loss, details 787 delivery delays
Hawaiian Airlines posted a $97 million loss in the third quarter, as the state’s coronavirus-driven quarantine requirements hampered air travel demand – and the airline’s recovery.
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NewsMore aircraft production rate cuts coming? Perhaps, analysts say
Some financial analysts suspect airframers might further cut aircraft production in 2021 owing to the depth of the pandemic-driven aerospace downturn.
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NewsTexas A&M to lead $100m hypersonic research consortium for Pentagon
The US Department of Defense has awarded Texas A&M University’s Engineering Experiment Station a 5-year contract worth $20 million per year to establish and manage the University Consortium for Applied Hypersonics.
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In depthCAE to help aspiring pilots fund their training
Scheme to give less-well-off candidates a route to the cockpit could help with supply once demand returns.
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InterviewWhy Steffi Ziegler chose mending Messerschmitts to launch career
At 21, Steffi Ziegler is a new aircraft maintenance engineer, responsible for one of wartime Germany’s most iconic types preserved at the Messerschmitt Flight Museum near Munich. She combines the role with being an honorary ambassador for her region’s horticulture industry across Europe
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In depthFlight test: Gulfstream’s G600 long ranger
With 6,500nm range and a wealth of cabin and flight safety innovations, the G600 is Gulfstream’s latest offering – we put it through its paces.