All news – Page 409
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News
Eve posts Q2 loss of $11.8m in first earnings report since going public
Eve, the Embraer-backed electric vertical take-off and landing (eVTOL) aircraft developer, reported a loss of $11.8 million during the first quarter as it ramps up research and development, sales, marketing and staffing.
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Canadian F-18s deploy to Romania for NATO air mission
Eight Royal Canadian Air Force fighters will conduct round-the-clock air patrols on NATO’s eastern flank as part of the alliance’s Air Task Force Romania.
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Boeing signs deal to continue maintenance of Italian air force tankers
Under the agreement, Boeing will continue to provide logistics support for Italy’s four KC-767A aerial tankers through December 2025.
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Canada Jetlines delays first revenue flights to 29 August
Start-up leisure carrier Canada Jetlines has pushed back its launch date less than two weeks before it was due to operate its inaugural flight.
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UK start-up Hans Airways introducing ex-Air Europa A330
UK start-up long-haul carrier Hans Airways has received its first Airbus A330-200, which arrived at Birmingham from Palma de Mallorca on 2 August. The twinjet is a General Electric CF6-powered aircraft, most recently operated by Spanish carrier Air Europa. Air Europa originally took delivery of the A330 in 2008. Hans ...
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Falling revenue, more deliveries and a growing backlog for Embraer in second quarter
The Brazilian jet manufacturer turned a $74 million profit during the second three months of the year, with its commercial backlog reaching new heights for the pandemic era.
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Atlas Q2 revenue climbs to $1.2b due to greater cargo demand
Atlas Air Worldwide Holdings, the parent of cargo and passenger carrier Atlas Air, profited from greater cargo volumes amid restricted capacity in the second quarter of 2022.
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Apollo-led investor group to acquire Atlas Air Worldwide for $5.2bn
US freight and passenger carrier Atlas Air Worldwide Holdings has agreed to be acquired by an investor group led by Apollo Global Management in an all-cash deal worth $5.2 billion.
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Airport disruption ‘accelerating’ move to business aviation: Bombardier
Airport disruption is prompting more first-class airline passengers to switch to private aviation, continuing a trend that began during the pandemic. That is according to Bombardier, whose chief executive Eric Martel says the shift is boosting fleet charter operators, a core customer base for the Canadian manufacturer. Source: ...
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Air Greenland A330-800 emerges from paintshop
The first pictures have been released of Air Greenland’s Airbus A330-800 in the carrier’s distinctive red livery, after it emerged from the paintshop. The Kangerlussuaq-based operator is set to take delivery of the Rolls-Royce Trent 7000-powered twinjet later this year as it replaces its ageing A330-200. Air Greenland A330-800 ...
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Boom supersonic airliner compatible with sustainability strategy: United executive
Operating supersonic aircraft can be compatible with United Airlines’ efforts to reduce its environmental footprint and reach net-zero CO2 emissions, according to the carrier’s chief sustainability officer Lauren Riley. United last year agreed to purchase 15 of Boom’s supersonic Overture jets, drawing some criticism to an airline that is often ...
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Airbus and Boeing delays add to ‘global supply bottleneck’: Lufthansa chief
Aviation is facing a “global supply bottleneck”, in the view of Lufthansa Group chief executive Carsten Spohr, which will constrain capacity going into 2023 and support “sustainable” yields at the European airline group. “The times of overcapacity as we have seen, for example, right before the pandemic, we believe are ...
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New EASA analysis to explore air traffic controller fatigue risk
Safety analysts are looking to assess fatigue risks for European air traffic controllers, particularly in light of advances in technology and future evolution of the operational environment. Some 18,000 controllers operate in Europe and a comprehensive view of the way fatigue risk is managed – five years since the introduction ...
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IndiGo’s international market rests on domestic strength
Indian low-cost carrier IndiGo views its dominance in India’s domestic market as a key element in its international growth strategy.
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Lufthansa Group reports Q2 profit despite disruption keeping airlines in red
Lufthansa Group achieved an operating profit of €393 million ($400 million) in the second quarter of this year and is “optimistic” for the full year, even as disruption-related costs kept its airlines unit in the red. The group’s cargo business was a standout performer for the three months to 30 ...
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Russian government hands out subsidies to support beleaguered carriers and airports
Russia’s federal aviation regulator has outlined the scale of subsidies paid to support the country’s air transport industry following the introduction of international sanctions resulting from the Ukrainian conflict. Rosaviatsia is implementing four support schemes with a budget of over Rb125 billion ($2 billion). Thirty-two airlines have received a combined ...
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China military drills off Taiwan prompts flight rerouting, cancellations
Airlines in Asia have scrambled to reroute or cancel flights, amid warnings to avoid Taiwanese airspace as China kicks off a series of live-fire drills in response to a top US official’s visit to the island.
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RAAF P-8A commences heavy maintenance in Australia
Boeing Defence Australia has commenced its first deep maintenance work on a P-8A Poseidon maritime patrol aircraft of the Royal Australian Air Force (RAAF).
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PAL swings to profitability amid surge in passenger revenue
Philippine Airlines swung back to the black for the first half of 2022, posting an operating profit of Ps6.6 billion ($120 million), compared to Ps4.7 billion loss reported in 2021.
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IndiGo sharply narrows net loss on soaring revenues
Indian low-cost carrier IndiGo sharply narrowed its first quarter net loss to INR10.6 billion ($134 million), from a net loss of INR31.7 billion in the first quarter of its 2023 financial year.