All articles by David Kaminski-Morrow – Page 3
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Qatar Airways Group generates strong full-year net profit
Qatar Airways Group has turned in a full-year net profit of QR6.1 billion ($1.7 billion), up nearly 40%, on revenues of QR81 billion. It states that the figures amount to a record full-year performance for the company. The Doha-based airline says passenger numbers increased more than a quarter to over ...
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Strategic tie-up failure and softer market put pressure on Norse Atlantic
Long-haul budget carrier Norse Atlantic Airways admits the recent failure of strategic investment talks with a potential partner has contributed to pressure on near-term liquidity. The airline says the situation has been aggravated by “softening” market conditions and lower fares, affecting revenues. It adds that it is experiencing a “tail-heavy” ...
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IAG starts another round of share buy-backs to support Air Europa acquisition
British Airways and Iberia parent IAG is pursuing another share buy-back programme intended to support its proposed acquisition of Spanish operator Air Europa.
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Airbus could still pick up Spirit AeroSystems entities in Scotland and Malaysia
Airbus’s framework agreement with Spirit AeroSystems shows that the aircraft manufacturer might yet acquire Scottish or Malaysian operations of Spirit if a third-party buyer does not emerge. Both Sprit’s Glasgow Prestwick division and its Subang airport arm in western Kuala Lumpur supply components for Airbus programmes. Neither has been included ...
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Airbus chief: Acquisition of Spirit A350 and A220 work unexpected but necessary
Airbus chief executive Guillaume Faury admits that the airframer was not expecting to be negotiating an acquisition of key aircraft programmes from beleaguered US firm Spirit AeroSystems, but insists it is necessary and that Airbus is ready to absorb them.
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CargoLogicAir administrators wrestle to recover deleted vital records
Joint administrators of former UK-based freight carrier CargoLogicAir are pressuring software specialist Microsoft to recover essential financial data, after records were deleted when user access was withdrawn. CargoLogicAir, which operated a fleet of Boeing 747 freighters, was linked to Russian freight company Volga-Dnepr Group. Sanctions imposed over the Ukrainian conflict ...
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Boeing and Airbus agree to split up Spirit AeroSystems’ operations
Boeing has confirmed it will take over US-based aerostructures firm Spirit AeroSystems in an $8.3 billion agreement, including net debt, with Airbus poised to acquire its key programmes from the company. The all-stock transaction has an equity value of $4.7 billion, with each share of Spirit stock being exchanged for ...
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SAS restructuring aid cleared by European Commission
Scandinavian operator SAS has secured European Commission approval for a restructuring aid package worth up to €1.3 billion ($1.4 billion) intended to support the company’s efforts to achieve long-term sustainability. SAS has been undergoing a restructuring programme – known as ‘SAS Forward’ – while under US Chapter 11 bankruptcy protection. ...
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Indian airports to be checked for structural safety after fatal Delhi terminal roof collapse
India’s civil aviation minister indicates that the government is set to check airports throughout the country after the fatal collapse of a terminal roof at Delhi’s Indira Gandhi international airport – the second airport structural incident in the space of two days.
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Geneva airspace restored to full capacity after rainfall flood at air traffic centre
Swiss air navigation service Skyguide has restored full capacity to Geneva airspace, more than two days after flooding disrupted operations an air traffic management control centre. Skyguide says the flooding, following a heavy thunderstorm on 25 June, affected the facility’s data centre and, specifically, the cooling systems. The risk of ...
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Icelandair prepares for Airbus arrival with simulator acquisition
Icelandair is reinforcing its training regime ahead of introducing Airbus single-aisle jets with an A320neo-family simulator.
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New Polish hub airport pushed back to 2032 after government revises programme
Poland’s government has endorsed the country’s new hub airport project, although the programme has been revised and it will not open until 2032.
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Shipping firm MSC to pick up Rome operator’s stake in Genoa airport
Cruise and logistics firm MSC Group is looking to acquire a 15% shareholding of the company which runs Italy’s Genoa airport.
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Air India hikes capacity to London Heathrow with A350 deployment
Air India is to increase capacity on the Delhi-London Heathrow route by deploying its new Airbus A350-900s on the sector from September. The airline operates a mix of Boeing 777-300ERs and 787-8s on the route. But from 1 September, it states, 14 of its 17 weekly flights will be operated ...
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Israir Group signs binding agreement to acquire balance of Cypriot MRO firm
Israir Group has signed a binding agreement to acquire the remainder of Cypriot-based maintenance firm Bird Aviation.
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MAKS Moscow air show formally cancelled for second time in a row
Russian authorities have cancelled the MAKS Moscow air show for the second time in a row, shifting the event to 2025.
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Go-around flap jam resulted in diverted 737’s landing below minimum fuel threshold
Danish investigators have determined that the additional fuel consumption arising from stuck flaps resulted in a diverted Boeing 737-800’s landing at Copenhagen with less than the required minimum fuel reserve.
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Airbus trims full-year delivery forecast and pushes back A320neo ramp-up schedule
Airbus is trimming its full-year delivery forecast over continuing supply-chain problems, and pushing back the schedule for its A320neo production ramp-up.
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Ural Airlines and Russian airports operator feature in latest EU sanctions list
Several Russian air transport companies including Ural Airlines and the airports operator Novaport have been newly included in a revised European Union list of sanctioned enterprises.
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EASA defers runway-overrun system deadline as supply chain struggles
Commercial aircraft manufacturers are set to be granted a further 18 months to meet a European requirement to fit runway-overrun protection systems during production of newly-built aircraft.