All news – Page 954
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NewsTextron unveils aftermarket finance programme for Citation owners
Textron Aviation has unveiled an aftermarket modification finance programme for US Citation business jet owners looking take advantage of the lull in travel due to the coronavirus outbreak to upgrade their aircraft.
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NewsSAS initiates work on cutting up to 5,000 jobs
Scandinavian carrier SAS has begun work on cutting up to 5,000 full-time positions from its future workforce as it warns it is likely to take “some years” before air travel demand returns to pre-crisis levels. SAS will hold talks with unions over the proposed cuts, which will apply to staff ...
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NewsCoronavirus punishes ANA’s profitability and revenue
The parent company of All Nippon Airways (ANA), ANA Holdings, saw coronavirus hurt both profitability and revenue during its 2019 fiscal year, as it painted a bleak outlook for the immediate future. Consolidated operating profit of for the 12 months ended 31 March fell 63% to Y61 billion ($569 million), ...
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NewsChinese carriers shift more operations to Beijing Daxing
The third wave of operational transfers to Beijing’s Daxing international airport has taken place, with China Eastern Airlines and Xiamen Airlines shifting to the Chinese capital’s newest airport. China Eastern states that from 26 April to 2 May, it will gradually move 57 daily flights from Beijing Capital to ...
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NewsComac makes first jet delivery after resuming production
Comac has delivered its 24th ARJ21 regional aircraft, the first aircraft to be delivered since the Chinese airframer resumed work following the coronavirus outbreak. The aircraft, registered B-604F, was delivered to Chengdu Airlines. Comac states that the aircraft is managed by lessor ICBC Financial Leasing. The aircraft is ...
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NewsElbit wins EW deal from Asia-Pacific customer
Elbit Systems has secured a $103 million contract to provide electronic warfare (EW) suites for helicopters operated by an Asia-Pacific air force. “Demand for combat-proven EW systems is getting stronger as the electro-magnetic spectrum becomes increasingly contested and the threat to aircraft gets more acute,” says Elbit executive vice president ...
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NewsSwiss to modify 777s for cargo-only flights
Swiss intends to reconfigure three Boeing 777s as cargo aircraft under a plan to operate more than 100 freight services to Asia and North America by the end of May. The Lufthansa Group carrier says it will establish “a new network of cargo-only services” to operate up to three daily ...
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NewsPakistan and India ease lockdowns but flights remain grounded
Pakistan and India are easing some of their coronavirus-related lockdown measures, though it will still be at least more than two weeks before aircraft flying scheduled international flights take to both countries’ skies as Pakistan has extended its flight ban and India’s remains subject to review. The lockdown in Pakistan ...
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NewsBoeing to reopen 787 production site in South Carolina
Most Boeing employees at its South Carolina 787 production site will return to work on 3 May or 4 May, ending a temporary site shutdown that began on 8 April.
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AnalysisWhy Embraer’s breakup with Boeing highlights its solo struggles
The collapse of the Boeing-Embraer joint venture leaves Embraer more vulnerable as a standalone company than Boeing, raising questions about the Brazilian airframer’s ability to compete long term against Airbus, say two analysts.
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NewsUS Air Force issues draft request for proposal to replace B-52 engines
The US Air Force (USAF) released a draft request for proposal to replace the engines of the aging Boeing B-52H Stratofortress.
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NewsAirbus furloughs over 3,000 UK wing-plant personnel
Airbus’s UK division is to furlough some 3,200 personnel at its wing-production plant in Broughton as part of measures to cope with the coronavirus crisis. The staggered furloughs – which will start over the next three weeks, and last for three weeks – affect the majority of production and production ...
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NewsCougar Helicopters signs as launch customer for S-92A+ upgrade
Sikorsky has secured a launch order for its S-92A+ upgrade kit, with Canada’s VIH Aviation Group signing a four-unit agreement for the fleet of its operating unit Cougar Helicopters.
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NewsEmbraer starts Boeing split proceedings but stays vague on future plans
Embraer has formally commenced arbitration proceedings following the decision by Boeing to terminate the companies’ $4.2 billion merger. But the Brazilian airframer has offered little insight into its response to the sudden collapse of the proposed commercial and military partnership, and the extent to which it had prepared for such ...
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NewsEquator Aircraft developing all-electric seaplane family
Norwegian start-up Equator Aircraft is developing a small family of all-electric amphibians to provide what it describes as a ”sustainable alternative to the noisy and costly types” now serving the owner-flyer and commercial passenger transport markets.
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NewsNorwegian sets out survival plan and sounds warning on cash
Norwegian will run out of cash by mid-May if it does not secure the remainder of its state aid package, the Scandinavian budget carrier has warned in a report to bondholders which lays out plans for a “new Norwegian” that will not start to take off until 2021.
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NewsStobart agrees to buy back regional unit and aircraft lessor
Stobart Group has agreed with the administrators of Connect Airways to buy back Irish regional carrier Stobart Air and aircraft lessor Propius in a deal aimed at handling outstanding financial commitments.
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NewsEstonia makes merger a condition of Nordica capital increase
Estonia’s government is to increase the share capital of local carrier Nordica by €30 million ($33 million) to help the airline through the coronavirus crisis – an investment which is conditional on the merger of Estonian aviation assets.
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NewsCondor secures future as €550 million German state loan granted
European Commission regulators have approved a €550 million ($595 million) loan from the German state to help struggling leisure carrier Condor through the coronavirus crisis.
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NewsSIA Group reserves liquidity for aircraft purchases
SIA Group has set aside S$3.3 billion ($2.3 billion) of the S$8.8 billion it plans to raise, from issuing equity and mandatory convertible bonds, for aircraft purchases and aircraft related payments. “The rationale for these [aircraft] purchases remains valid even under the present scenario given that it would enable SIA ...