News from FlightGlobal – Page 101
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NewsCathay forecasts first half-yearly profit since 2019
Cathay Pacific Group is expected to report a profit for the first half of 2023 – its first since 2019 – amid a “strong rebound” in operating perfomance.
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NewsUS start-up Flyshare signs for 250 ZA2000 powertrains from ZeroAvia
Advanced propulsion system developer has detailed an agreement with California-based Flyshare – which intends to operate under the name Air Cahana – covering the supply of 250 of its ZA2000 hydrogen fuel cell powertrains.
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NewsAfter 14 years, first Iraqi Airways 787 touches down in Baghdad
Iraqi Airways has taken delivery of its first Boeing 787, one of 10 that the Baghdad-based airline has on order. The Iraqi government originally reached the agreement for the twinjets in late 2009. “As domestic and international air traffic gains momentum, it’s crucial that our Iraqi Airways fleet matches ...
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NewsFedEx to ground more aircraft as profits come under pressure
Freight giant FedEx will ground more aircraft after both revenues and operating income declined during its fiscal fourth quarter due to “demand weakness and cost inflation”.
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NewsLufthansa continues non-core divestments with sale of business-travel payment arm
Lufthansa Group has divested its specialist corporate travel payments subsidiary AirPlus Servicekarten to the Swedish financial institution SEB Kort Bank. The sale is worth around €450 million ($495 million). Lufthansa Group had previously signalled that it was looking at divesting AirPlus, along with other non-core businesses, as part of a ...
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NewsWhy pilots of ditched Transair 737 identified, then misidentified, failed engine
US investigators believe pilots of a Transair Boeing 737-200 freighter which ditched in the ocean off Honolulu did not verify which engine had failed shortly after take-off, despite initially correctly identifying the damaged powerplant. When the first officer, who was flying the twinjet, reduced thrust to decelerate, this obscured obvious ...
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NewsRiyadh Air picks GEnx engines to power Dreamliners
Ambitious Saudi start-up Riyadh Air has picked GE Aerospace GEnx engines to power its on-order Boeing 787-9s.
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NewsAvolon satisfied with healthy order backlog
“Without question, the order book is exactly where we want it to be for the next three years,” says Andy Cronin, chief executive of global lessor Avolon, announcing the signing of a memorandum of understanding to order 20 Airbus A330neos at Paris air show on 21 June.
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NewsPorter agrees E195-E2 sale-and-leaseback deal with Avolon
Canadian regional carrier Porter Airlines has agreed to sell 10 of its incoming Embraer 195-E2s to aircraft lessor Avolon and buy back the E-jets.
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NewsEmbraer eyes freighter conversion line in China as it reveals E-Jet P2F deal
Embraer signed a letter of agreement with Lanzhou Aviation Industry Development Group for 20 E-Jet passenger-to-freighter (P2F) conversions at the Paris air show on 21 June, in a deal that could see it establish a conversion facility in China.
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NewsFirst metal cut for new D328eco with supply chain now 90% ‘locked down’
Deutsche Aircraft has begun cutting metal for the first parts to equip its initial D328eco prototype as it works towards a first flight of the turboprop in mid-2025. Dave Jackson, managing director of the German airframer, says 90% of the aircraft’s supply chain has now been “locked down”. ...
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NewsTAAG picks up more A220s from leasing sector
Angolan flag-carrier TAAG is adding to its Airbus A220 leasing agreements by taking a pair of aircraft from Nordic Aviation Capital. The lessor is to supply -300 variants to the African operator. NAC says the jets are the first of its portfolio of A220s to be leased out. It has ...
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NewsAzul orders three more ATR 72-600s
Brazilian carrier Azul will take three more ATR 72-600 turboprops under a firm order announced at the Paris air show on 20 June.
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NewsIndia’s Akasa orders four more 737 Max 8s
Indian carrier Akasa Air has signed for four more Boeing 737 Max 8s, taking its total commitment to 76 jets.
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NewsLessor Avolon provisionally signs for 20 more A330-900s
Irish-based lessor Avolon has tentatively agreed to acquire 20 Airbus A330neo twinjets, all of which will be the -900 variant. The agreement is the subject of a memorandum of understanding. “We have been a strong supporter of the A330neo programme since its launch,” says Avolon chief Andy Cronin. “With our ...
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NewsAir Lease signs for two more Dreamliners
Air Lease has signed for two more Boeing 787s at the Paris air show.
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NewsLuxair becomes European launch customer for Boeing 737 Max 7
Luxembourg’s flag-carrier Luxair ordered four Boeing 737 Max 7 twinjets at the Paris air show on 21 June, becoming the European launch customer for the variant.
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NewsEviation still progressing even as Alice remains earthbound
Electric aircraft developer Eviation is unlikely to be flying its current Alice prototype again before the arrival of a certification test article in 2025 – almost three years after the battery-powered aircraft’s first flight.
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NewsBerjaya strikes preliminary deal to take two all-premium ATR 72-600s
Malaysian carrier Berjaya Air has signed a heads of agreement covering two ATR 72-600s, which it will operate in an all-premium configuration.
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NewsMaeve takes wraps off revamped all-electric Maeve 01
Dutch start-up Maeve Aerospace has taken the wraps off the latest iteration of its Maeve 01 all-electric regional airliner, having radically slimmed down the developmental type.