All news – Page 361
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NewsRussian lessor GTLK renegotiates debts with several carriers
Four Russian carriers have renegotiated lease debts with the state lessor GTLK, in the wake of pressure from sanctions and the aftermath of the pandemic. IrAero and Azimuth, along with the regional operators SiLA and Aeroservis, have settled debts on “mutually beneficial terms”, says the lessor. It adds that the ...
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NewsTAP chief welcomes acquisition interest as carrier reports record Q3 revenue
TAP Air Portugal’s chief executive has welcomed the interest from Air France-KLM – and potentially others – in acquiring a stake in the Star Alliance carrier as it reported its highest-ever third-quarter revenue and forecast a “good” full-year performance.
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NewsMonte adds to orderbook with CAeS conversion deal
Monte Aircraft Leasing has further increased its potential orderbook for low-emission aircraft, signing a letter of intent with the UK’s Cranfield Aerospace Solutions (CAeS) for 40 hydrogen-electric conversion kits for the Britten-Norman BN-2 Islander.
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NewsRolls-Royce to hike spare-engine sales to reinforce fleet resilience
Rolls-Royce large civil engine flying hours are gradually increasing but still remain about one-third down on pre-crisis levels, the company has disclosed. The flying-hours figure reached 65% of 2019 levels in the four months to the end of October, and 62% for the year so far. Rolls-Royce says this is ...
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NewsBullish Korean Air betters Q3 profit as passenger revenue soars
Korean Air saw a significant jump in its third-quarter operating profit, amid an upswing in passenger revenue following South Korea’s move to ease all Covid-19-related travel restrictions.
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NewsIndonesian Aerospace bags CN-235, N219 commitments
Indonesian Aerospace has issued a raft of announcements, including an order for a single CN-235-220 as well as commitments for its 19-seater N219 turboprop.
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NewsFuel-price pressure prolongs Royal Jordanian’s financial misery
Royal Jordanian Airlines edged into a third-quarter operating profit, with a surplus of JD5.3 million ($7.4 million), but net losses for the quarter and the nine-month period were worse than last year’s figures. The flag-carrier generated revenues of JD452 million for the nine months to 30 September – including JD363 ...
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NewsAustralia-South Korea flights get year-end capacity boost with Jetstar, Qantas entry
Australia’s Jetstar has commenced operations from Sydney to Seoul Incheon, the first in a series of newly-launched flights between Australia and South Korea.
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NewsAustralia cleared to buy 24 new C-130J tactical transports
The US government has cleared the possible sale of 24 Lockheed Martin C-130J tactical transports to Australia, as Canberra looks to replace and expand its Super Hercules aircraft.
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NewsAirAsia India to merge with Air India Express by end-2023
Air India has kickstarted a review process that will ultimately result in the merger of low-cost carriers Air India Express and AirAsia India, after fully acquiring the latter operator.
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NewsAir New Zealand takes first A321neo configured for domestic operations
Air New Zealand has taken delivery of its first Airbus A321neo for deployment on domestic services.
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NewsJoby Aviation pushes back commercial service launch to 2025
Electric vertical take-off and landing (eVTOL) aircraft developer Joby Aviation has pushed back the timeline for its vehicle’s entry into commercial passenger service to 2025.
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NewsAllegiant, hit hard by Hurricane Ian, reports third-quarter loss of $46.5m
Allegiant Travel Company, parent of Allegiant Air, reported a loss of $46.5 million in the third quarter as revenue – and costs – surged significantly.
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NewsBoeing rolls out plan to hike deliveries to 800 jets within several years
Boeing plans to significantly hike commercial aircraft deliveries in 2023, aiming to hand over up to 80 787s and 450 737s next year after overcoming nagging supply and labour problems.
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NewsVirgin to support Heathrow on capacity peaks but cancelling flights ‘not an option’
Virgin Atlantic is hopeful “lessons have been learned” to avoid a repeat of this spring’s operational challenges at London Heathrow airport next summer.
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NewsBoeing pushes back 737 Max 7 and Max 10 certifications
Boeing has again delayed certification timelines for its two outstanding 737 Max variants, now estimating the Federal Aviation Administration will clear the Max 7 by early 2023 and the Max 10 by early 2024.
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NewsVoltAero picks Italy’s TESI to build airframe for Cassio 330 prototype
Hybrid-electric aircraft developer VoltAero has signed up Italian aerospace supplier TESI to manufacture the airframe for the first prototype of its Cassio 330 aircraft.
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NewsBell delivers final Cobra attack helicopter to US Marine Corps
The H-1 programme, which encompasses the UH-1 utility and AH-1 attack helicopters and produced its first aircraft for the USA in 1959, will now be reliant on foreign customers for new sales.
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NewsAirAsia exits India business with sale of shares to Tata Group’s Air India
AirAsia Aviation Group has sold its remaining shareholding of its Indian unit to Tata Sons-owned Air India, a move that likely paves the way for an eventual merger with Air India’s low-cost unit, Air India Express.
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In depth5G may have caused dozens of troubling in-flight avionics failures
The Federal Aviation Administration (FAA) suspects new 5G cellular networks may have caused roughly 80 instances of aircraft system interference this year, with pilots reporting a range of malfunctions since the latest generation of mobile connectivity went live in January.