All news – Page 141
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NewsGaruda swings to loss despite revenue jump
Garuda Indonesia swung back to a nine-month loss despite an increase in revenues, due to the lack of income gained from debt restructuring, and as it took a hit from foreign exchange losses.
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NewsEgyptian prime minister indicates plans for private sector to run airports
Egypt’s prime minister has stated that the government intends to open the management and operation of airports to the private sector. Mostafa Madbouly made the declaration during a roundtable at the transport and logistics event Trans MEA in Cairo, which opened on 5 November. The roundtable included more than 20 ...
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NewsRoyal Jordanian confirms profitable third quarter while bracing for conflict impact
Royal Jordanian has disclosed that it achieved a JD27.5 million ($38.8 million) net profit for the third quarter, taking the profit at the nine-month mark to JD10.8 million. This performance contrasts with the corresponding net losses of JD861,000 and JD71.6 million during the previous year. Over the quarter the company ...
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NewsSAS to replace debtor-in-possession finance pact as it enters investment agreement
Scandinavian operator SAS has entered a formal investment agreement with a Castlelake and Air France-KLM consortium, and will replace its debtor-in-possession financing from Apollo with a new arrangement with Castlelake. SAS is under US Chapter 11 bankruptcy protection and restructuring through implementation of its ‘SAS Forward’ programme. As part of ...
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NewsMiddle East air transport recovery faster than expected: Boeing regional sales chief
Middle Eastern air transport activity has recovered more sharply than expected post-pandemic, Boeing’s sales chief for the region believes, with Saudi Arabia becoming a particular focal point. Boeing’s latest commercial market outlook shows demand for 3,025 aircraft in the Middle East over the next 20 years. This figure includes 1,350 ...
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NewsNorse Atlantic expands share offering after strong investor demand
Norse Atlantic Airways is looking to issue another 9.1 million shares to investors, following the successful completion of a private share placement which raised gross proceeds of NKr613 million ($55 million) – higher than the NKr501 million originally sought. The private placement – aimed at shoring up liquidity for the ...
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NewsReliable Robotics embracing radar as integral part of autonomous flight system
Viewing radar technology as critical for developing its remote-autonomous flight system, California start-up Reliable Robotics has chosen industry expert Marc Pos to lead its radar design.
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NewsUS government approves US airlines’ complaints about Amsterdam capacity cuts
The US government has approved complaints by JetBlue Airways and trade group Airlines for America against the government of the Netherlands and European Union for alleged violations related to capacity cuts at Amsterdam Schiphol airport.
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NewsIndiGo ramps up mitigation measures as GTF groundings grow
IndiGo is maintaining its full-year capacity guidance as it intensifies mitigation measures in response to news that more of its Pratt & Whitney geared turbofan (GTF)-powered aircraft will be grounded in the coming months.
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NewsKuwait Airways seeks profitability but near-term privatisation unlikely: chairman
Kuwait Airways’ new chairman is not expecting any near-term revival of plans to privatise the airline, indicating it will remain a government-owned operator. Potential privatisation has been a drawn-out saga, dating back more than 15 years. The initiative to sell a large shareholding would intermittently gain momentum, only to be ...
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NewsTitan A321neo lost windows in flight after thermal damage from high-power floodlights
Investigators believe intense heat from film floodlights concentrated on the exterior of an Airbus A321neo caused the aircraft’s windows to suffer thermal damage, before a number of window panes fell from the jet during a flight from London Stansted. The Titan Airways aircraft had been conducting a positioning service to ...
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NewsIndiGo overcomes seasonal weakness to report profitable second quarter
IndiGo recorded a positive result in its seasonally weakest July-September period for the first time in five years, extending its profitable run to four quarters
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NewsAll Lufthansa airlines to be profitable for first time in 2023: Spohr
Improved performance across all its carriers means Lufthansa expects all its airline units to be profitable for the first time this year.
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NewsNorwegian extends 737NG contracts to counter Max delays and tight leasing market
Norwegian is signing lease extensions for some of its Boeing 737-800s amid delays in the delivery of 737 Max 8 jets and a tightening market for leased aircraft caused by groundings related to Pratt & Whitney geared turbofans
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NewsLoose washer behind S-92 main gearbox emergency: Norwegian investigators
A loose washer jammed in part of the main gearbox (MGB), likely introduced during routine maintenance, was responsible for a significant oil leak and loss of pressure that forced the emergency landing of a Bristow Norway-operated Sikorsky S-92, Norwegian investigators have disclosed.
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Paid contentHow Boeing is solving its customers’ digital headaches
Back in the early 1990s, airlines were digital pacesetters, introducing computers that could “talk” to each other to manage reservations across the globe. Even international banking was not as early an adopter of pre-worldwide web communications technology. However, the industry’s progress since then has been sluggish, with many carriers burdened ...
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NewsTurkish turns to lessors to meet short-term fleet requirements
Turkish Airlines is turning to the lessor market to ensure its growth plans remain on track amid delays in finalising its major fleet order and aircraft availability.
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NewsEmirates SkyCargo rides Asia-Pacific e-commerce boom as it awaits more capacity
Emirates SkyCargo is seeing strong e-commerce demand in the Asia-Pacific region, and is optimistic about the cargo volume offered by its future fleet of converted Boeing 777-300ER freighters.
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NewsQantas faces shareholder ire at AGM, acknowledges ‘substantial’ loss of trust
Qantas shareholders have overwhelmingly voted against the airline’s proposed executive remuneration plan, dealing the embattled national carrier another blow amid a challenging year.
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NewsRisk assessment failings led to S-92 downwash fatality: AAIB
UK investigators have concluded that a catalogue of administrative and procedural errors contributed to the death of a member of the public after the downwash from a search and rescue helicopter blew them over as it came in to land at a Plymouth hospital.