All news – Page 359
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NewsIndiGo still cool on hedging despite fuel and currency challenges
IndiGo remains unconvinced that fuel and foreign exchange hedging would be beneficial to the business, despite such costs weighing heavily on its financial performance in its fiscal second quarter.
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NewsPessimism over inflation risk to Ryanair’s business ‘exaggerated’: O’Leary
Ryanair chief executive Michael O’Leary insists that concerns over rising inflation and recession on its business have been “greatly exaggerated”. O’Leary shrugged off pessimistic forecasts as the budget carrier group unveiled strong second quarter net profits of €1.2 billion. “As the lowest-cost producer in Europe, we expect to grow strongly ...
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NewsRyanair to retrofit scimitar winglets on 737-800 fleet to cut fuel-burn
Budget carrier Ryanair is to retrofit scimitar winglets across more than 400 Boeing 737-800s in its fleet, in order to trim fuel consumption. The retrofit programme will commence during the winter season, the airline states, and represent an investment of more than $200 million. Scimitar winglets are an evolution of ...
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NewsSIA attributes strong results to early investment in capacity
Singapore Airlines (SIA) partially attributes recent strong financial results to its injection of capacity prior to the emergence of pent-up demand in 2022 as the region’s travel restrictions eased.
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NewsC919 among Chinese programmes to make public debut at Airshow China
Comac’s C919 narrowbody will make its first public appearance at this year’s Airshow China, over a month after the type was certificated by Chinese regulators.
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NewsChinese majors sign engine, component MRO agreements
Two of China’s largest carriers – China Eastern Airlines and China Southern Airlines – have signed maintenance support contracts, covering engine and component MRO.
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NewsFatalities as Precision ATR lands short and sinks in Lake Victoria
Tanzanian carrier Precision Air believes at least 19 fatalities resulted from an ATR 42-500 accident at Bukoba during which the turboprop came to rest submerged in Lake Victoria. The aircraft – identified by the airline as 5H-PWF – had been operating a service, PW494, from Dar es Salaam. Precision Air ...
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NewsIsrair unifying its fleet around A320s after agreeing to sell ATR 72s
Israeli leisure operator Israir has tentatively agreed to sell its pair of ATR 72-500 turboprops, in order to simplify its fleet. Israir intends to unify its fleet based on Airbus A320s. It has six A320s – two owned and four dry-leased – and intends to add a seventh in the ...
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NewsLeonardo slams Norway’s NH90 cancellation demand as ‘legally groundless’
NH Industries (NHI) appears in no mood to accept Norway’s demand for a NKr5 billion ($488 million) refund following the axing of its contract for NH90 helicopters, with 41% shareholder Leonardo dismissing the Nordic nation’s claims as “legally groundless” in its latest financial statement.
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NewsScotland’s Loganair takes more ATRs to replace Saab 340 fleet
Scottish carrier Loganair is to modernise its fleet, phasing out Saab 340B turboprops in favour of additional ATRs. It will introduce eight ATRs for next summer, while shedding its remaining eight 34-seat Saabs by July. The carrier says the Saabs will be replaced with 48-seat ATR 42s. Loganair states that ...
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NewsPorter expands in Ottawa to service growing fleet
Canadian regional carrier Porter Airlines is expanding with a C$65 million ($48.2 million) facilities upgrade at Ottawa International airport.
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NewsWestJet to use SAF for flights from San Francisco to Calgary
Canadian passenger carrier WestJet has committed to temporarily operating flights from San Francisco to Calgary using sustainable aviation fuel (SAF).
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NewsIsraeli carrier Israir lines up bid for Czech operator Smartwings
Israeli leisure carrier Israir has identified Czech budget operator Smartwings as the target of a takeover offer. Israir, which was acquired by an investment firm last year, had disclosed earlier this year that it was participating in a private process with a view to acquiring the entire share capital of ...
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NewsRomania signs $385m deal to acquire 32 surplus Norwegian F-16 fighters
Romania’s defence ministry has signed a €388 million ($385 million) contract to acquire 32 surplus Lockheed Martin F-16A/Bs from Norway, with the jets to be transferred from late 2023.
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NewsKenya Airways insists ‘unlawful’ pilot strike will undo efforts to bring down costs
Kenya Airways estimates that a strike by its pilots set to start on 5 November will cost around KSh300 million ($2.5 million) a day. The airline has condemned the industrial action by the Kenya Airline Pilots Association, describing it as “unlawful”. “This unfortunate action may affect both our passengers, who ...
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NewsKratos announces successful test of Valkyrie autonomous jet
The pilotless, jet-powered aircraft is being developed for the US Air Force’s Collaborative Combat Aircraft programme that seeks to pair conventional fighters with uncrewed platforms.
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NewsIndiGo finalising wet-lease deal to offset aircraft delivery delays
Indian low-cost carrier IndiGo is close to securing wet-lease capacity as global supply-chain challenges weigh on aircraft deliveries.
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NewsIndiGo reels from currency impact as Q2 net loss hits Rs15.8 billion
Low-cost carrier IndiGo reported a net loss of Rs15.8 billion ($192 million) for the three month period ending 30 September, as currency losses and fuel costs weighed on the operator’s performance during what is seasonally its weakest quarter.
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NewsFirst RAF Wedgetail gains its MESA radar array
The first of three Boeing 737NG airframes undergoing modification into the E-7A Wedgetail airborne early warning and control configuration for the UK has had its distinctive “top hat” radar array installed.
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NewsSingapore Airlines reports highest-ever group operating profit and revenue for Q2
Singapore Airlines Group recorded its highest-ever operating profit and revenue for its fiscal second quarter, despite passenger capacity and traffic still being significantly down on pre-Covid levels.