All news – Page 254
-
NewsLockheed prepares to bring undisclosed country into F-35 programme
Lockheed Martin, producer of the fifth-generation F-35 fighter, was recently awarded a $25 million contract to integrate an undisclosed country into the advanced multinational jet programme.
-
NewsFrontier launches its ‘largest expansion’ with eight new routes from Puerto Rico
Frontier Airlines is launching direct flights from Puerto Rico to eight major cities in the US and Mexico, expanding its Puerto Rican network to 20 destinations.
-
NewsJoby reports Q1 loss, will issue $180m in stock to long-term investor
Electric air taxi start-up Joby Aviation has entered an agreement to issue $180 million of common stock to long-term Joby investor Baillie Gifford, providing a cash infusion as the company pushes to certify its aircraft.
-
NewsAmerican Airlines vice-chair Derek Kerr to retire
American Airlines vice-chair and president of regional subsidiary American Eagle Derek Kerr will retire in September.
-
NewsAir France-KLM chief sees fleet flexibility helping counter delivery concerns
Air France-KLM chief executive Ben Smith believes the ability to adjust the pace of its widebody fleet renewal gives it the necessary agility to counter any aircraft deliveries delays with right-sized aircraft.
-
NewsZipair, IndiGo add to Southeast Asia networks; Jetstar Asia returns to China
Asia-Pacific low-cost carriers (LCCs) have continued to boost their route networks in recent days, including Zipair Tokyo’s launch of a Manila service and Greater Bay Airlines’ inauguration of a new Osaka route.
-
NewsTwo dozen Go First aircraft subject to lessors’ de-registration requests
Nearly two dozen Airbus single-aisle jets operated by troubled Indian carrier Go First have become the subject of de-registration requests by lessors. Twenty-three aircraft have been listed by the Indian civil aviation regulator DGCA as having de-registration requests submitted as of 4 May. These requests cover 19 leased A320neo and ...
-
NewsAir France-KLM keeping partner options open for Latin market
Air France-KLM is still studying long-term partnership options in both Europe and South America to bolster its position in the Latin American market.
-
NewsCebu Pacific swings to first profit since pandemic
Cebu Pacific returned to the black in its first quarter earnings, helped by a strong rebound in passenger revenues, as it anticipates returning to pre-pandemic international capacity by end-June.
-
NewsIAG reports Q1 operating profit as leisure demand gives it summer confidence
British Airways and Iberia parent IAG saw stronger-than-expected performances from all of its airlines in the first quarter of 2023, as buoyant leisure demand helped the European group to achieve a small operating profit during what is a seasonally weak three months.
-
NewsOneworld chief Gurney to step down
Oneworld chief executive Rob Gurney is to step down from his role at the helm of the alliance’s central management team this summer.
-
NewsIberia names temporary chief executive
Spanish airline Iberia has named Fernando Candela Perez as its new chairman and chief executive, effective from July through to the end of 2023, following Javier Sanchez-Prieto’s decision to step away from the business.
-
NewsEASA draws up noise-certification proposals for eVTOL operations
European certification regulators have drawn up the first proposals for assessing noise generated by eVTOL aircraft, as the development of various future air taxi designs advances. The European Union Aviation Safety Agency says the technical specifications for environmental protection apply to aircraft powered by multiple non-tilting, evenly-distributed, vertical-lift rotors. “Noise ...
-
NewsAir France-KLM narrows loss as revenues surge in first quarter
Air France-KLM posted an operating loss of €306 million ($338 million) for the first quarter on revenue 42% higher than the same stage of last year at €6.33 billion.
-
NewsAAM sector eyes the long-term for investment returns
While the Advanced Air Mobility (AAM) industry is far from mature, the investment climate around the sector is maturing, with returns only likely in the 2030s.
-
NewsTroubled Go First reportedly owes INR65 billion, as grounding extended
Beleaguered Indian operator Go First has suspended its operations further until 9 May, amid reports that the airline owes creditors over INR65 billion ($796 million).
-
NewsAustralian watchdog blocks Virgin Australia-Alliance partnership renewal
Australia’s competition watchdog has rejected an extension of a charter partnership between Virgin Australia and Alliance Aviation, following a six-month consultation period in which it found low support for a continued alliance.
-
NewsTaiwan F-16V delivery schedule slips on supply chain woes
The delivery of Lockheed Martin F-16Vs to Taiwan has slipped to the third quarter of 2024, with the US government reportedly citing supply chain issues for the delay.
-
NewsAir Canada raises profit expectations for 2023
Air Canada has raised its earnings expectations for the full year as passenger demand remains strong and jet fuel prices fall.
-
NewsP&W letter to Go First reveals detail about strained supply chain
A recent letter from Pratt & Whitney (P&W) to Indian airline Go First reveals more detail about the tight supply of PW1100G spare engines and related equipment.