All news – Page 884
-
In depthUK firm EAG details development roadmap for hybrid-electric regional airliner
A UK company planning to bring a 70-plus-seat hybrid-electric regional aircraft to market by 2028 has laid out its detailed plans for the programme, which will include demonstrator flights from 2024 and will cost a cool $5 billion to bring into series production.
-
NewsJeju Air could take $15m hit from cancelled Eastar Jet deal
Jeju Air may have scrapped plans to acquire a majority stake in Eastar Jet, but it could still take a further W18 billion ($15 million) hit to its bottom line.
-
NewsEtihad starts network rebuild after ‘enormous challenges’ thwart early 2020 gains
Etihad’s strong start to 2020 was thwarted by the coronavirus pandemic as it now plots the reactivation of its network amid a further drive to reduce costs.
-
NewsLufthansa: Freight demand allows zero-passenger break-even on some routes
Lufthansa Cargo was among the few air transport operations to improve its performance over the course of the coronavirus crisis, as demand for freight capacity surged. First-half freight sales rose to €1.3 billion. The logistics division achieved a €299 million ($354 million) profit at adjusted EBIT level over the second ...
-
NewsLufthansa Group takes fleet impairment of €300m in first half
Lufthansa Group took an impairment charge of nearly €570 million over the first half, including €300 million relating to withdrawal of aircraft. The company says the figure is connected to 65 aircraft which will be “permanently grounded”. These aircraft comprise six Airbus A380s and five Boeing 747s, plus 11 Airbus ...
-
NewsLufthansa strives to restore long-haul network as it foresees 2024 recovery
Lufthansa Group is aiming to offer 50% of prior-year capacity on its long-haul network and 55% on short-haul in the fourth quarter of this year. But the German-based operator says it expects a “clearly negative” adjusted EBIT figure in the second half of the year, and therefore a “further significant ...
-
NewsDAE Capital dealing with more complicated deferral requests: CEO
Lessor DAE Capital has improved its cash collection rate since a low point in April, but is now having to contend with rental deferral requests that are longer, bigger and more complex than before. The Dubai-based lessor’s cash collection rate, which it reported as a percentage, improved to the “mid-70s” ...
-
NewsCanberra issues special forces helicopter RFP
Australia has issued a request for proposals (RFP) for a requirement to obtain a fleet of light helicopters for use by the country’s special forces. Proposals for Canberra’s Project Land 2097 Phase 4 requirement will be evaluated by the end of 2020, says Australia’s Department of Defence. The RFP’s release ...
-
NewsUS Senators call for more financial aid for airlines
Sixteen US senators have requested additional financial aid for the aviation sector as the coronavirus continues to prevent a return to normal operations.
-
NewsFAA fines Boeing $1.25m for ODA violations
The Federal Aviation Administration (FAA) has proposed fining Boeing a total of $1.25 million in civil penalties for several violations of rules that allow aircraft manufacturers to perform some FAA functions.
-
NewsCroatia Airlines rejigs leases to cut costs
Croatia Airlines has postponed a long-term Airbus A319 lease, cancelled a similar Bombardier Q400 lease and dropped a CRJ1000 seasonal lease as part of measures to rein in costs over the first half. Over the second quarter the company made a loss of Kn62.7 million ($10 million), it states, despite ...
-
NewsUS Air Force produces first 3D-printed metal part for aircraft engines
The service reverse engineered and reproduced an anti-ice gasket for the Pratt & Whitney TF33-P103, a turbofan engine which powers the Boeing E-3 Sentry, the Boeing B-52 Stratofortress and the Northrop Grumman E-8.
-
AnalysisRising backlog of jets still undelivered 60 days after first flight
Airbus and Boeing have collectively accumulated a backlog of more than 120 passenger jets that had their first flights more than 60 days ago but are yet to be delivered to customers (excluding the grounded 737 Max).
-
In depthHow global A330 MRTT fleet stepped up during crisis
In common with its A400M Atlas stablemate, the Airbus Defence & Space A330 multi-role tanker transport has come into its own during the coronavirus pandemic, with multiple nations demonstrating the adapted widebody’s operational versatility.
-
NewsEmbraer slows E175-E2 development and impairs commercial business
Embraer is pushing back entry into service of the E175-E2 until 2023, although it insists it still intends to continue development of the re-engined twinjet. The airframer says it has taken the decision based on current commercial aircraft market conditions. Embraer says it believes the aircraft, which first flew in ...
-
NewsCreditors to vote on Virgin Atlantic restructuring plan on 25 August
Virgin Atlantic creditors will vote on the UK carrier’s restructuring plan at a meeting on 25 August after court proceedings in London yesterday.
-
NewsVideo images show MC-21 undergoing water-ingestion test runs
Irkut has completed a series of water-ingestion tests of the MC-21-300 twinjet at speeds up to 150kt. The airframer says the testing has confirmed the aircraft is capable of operating on water-contaminated runways. Video: Irkut MC-21-300 water-ingestion tests Irkut performed 29 runs as well as three ...
-
NewsCopenhagen airport operator proposes cutting a quarter of workforce
Copenhagen airport’s operator is considering cutting 25% of its staff in response to the air transport downturn. The Danish hub’s management company, Kobenhavns Lufthavne, has unveiled a DKr228 million ($36 million) pre-tax loss for the first half of this year, against its previous profit of DKr617 million. It is estimating ...
-
NewsCanberra pledges A$1.3 billion to local UAS sector
Australia plans to invest up to A$1.3 billion ($934 million) to develop small unmanned air vehicles (UAVs) to improve maritime awareness. “As detailed in the 2020 Defence Strategic Update, launched by the Prime Minister and I in July, Australia is at the centre of a dynamic strategic environment,” says defence ...
-
NewsTigerair Australia to cease operations
Low-cost operator Tigerair Australia will cease operations owing to a lack of demand in the Australian market. Parent company Virgin Australia states that it was shutting its low-cost arm down as “there is not sufficient customer demand to support two carriers at this time”, in an oblique reference to ...