All News articles – Page 133
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NewsDufour Aerospace targets medevac and cargo missions with tilt-wing Aero3
Hybrid-electric aircraft developer Dufour Aerospace is aiming its proposed vertical take-off and landing vehicle at pre-existing helicopter markets, hoping to leave competitors behind with a fast and efficient cruise stage.
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NewsBombardier thinks its business-jet-focused restructuring is paying off
Bombardier executives are pointing to their company’s third-quarter financial performance as evidence that a turnaround plan started several years ago is working.
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NewsAllegiant’s first 737 Max delivery pushed to 2024
US-based ultra-low-cost carrier Allegiant Air reports that delivery of its first Boeing 737 Max has been delayed until next year.
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NewsNorwegian cuts weight of on-order Max jets as it ‘pushes hard’ on costs
Scandinavian low-cost carrier Norwegian is working on raft of measures to offset the impact of the high-cost environment, including through the removal of certain “add-ons” from its incoming Boeing 737 Max jets.
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NewsBombardier sticks to 2023 delivery target as other aerospace companies reset expectations
Bombardier still expects to meet its full-year 2023 aircraft delivery target despite supply chain struggles that have prompted other aerospace manufacturers to curtail delivery expectations.
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NewsLufthansa sees no impact on 2024 capacity despite GTF issue grounding 20 aircraft each day
Lufthansa Group expects to ground 20 aircraft each day during 2024 because of continuing issues with Pratt & Whitney geared-turbofan (GTF) engines, but chief executive Carsten Spohr believes the mitigation measures it has in place mean capacity plans will not be impacted.
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NewsUzbek start-up Air Samarkand begins building Airbus fleet with initial A330
Uzbekistan-based start-up Air Samarkand is set to open services from the city whose name it bears by the end of this year. The new airline intends to operate Airbus flights from Samarkand to cities in Turkey, Vietnam, China, Malaysia and Indonesia. Samarkand is the second-largest city in Uzbekistan after the ...
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NewsNorwegian cautiously positive on booking trends after strong summer
Scandinavian low-cost carrier Norwegian has reported “encouraging” booking trends through to the end of the year, after it achieved its second-highest-ever operating profit during the third quarter.
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NewsRoyal Air Maroc aims for quick decision on ambitious fleet expansion
Royal Air Maroc is expecting to issue a request for proposals relating to a large fleet expansion by the end of this year. Speaking during the Arab Air Carriers Organization conference in Riyadh, the Moroccan flag-carrier’s chief executive, Abdelhamid Addou, said the airline was looking to expand the fleet to ...
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NewsTurkish Airlines lifts Q3 profits by one quarter
Turkish Airlines’ profits climbed by around one quarter for the three months ended 30 September as improving passenger revenues outweighed a drop in cargo turnover during the period.
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NewsStretched Ilyushin Il-96-400M carries out maiden flight
Russia’s United Aircraft has carried out the maiden flight of its Ilyushin Il-96-400M, a stretched and modernised version of the four-engined airliner. The Il-96-400M – rolled out in the aerospace firm’s corporate livery earlier this year – took off from Voronezh on 1 November for a 26min sortie. United Aircraft ...
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NewsLufthansa sticks to full-year outlook after Q3 profits climb to €1.5bn
Lufthansa Group is sticking to its full-year profit expectations despite rising fuel costs, after posting a third quarter operating profit of €1.47 billion ($1.55 billion) on continued strong demand.
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NewsGulf carrier acquisition of Royal Jordanian would ‘make sense’: chief executive
Royal Jordanian chief executive Samer Majali believes the airline is an ideal candidate for acquisition by a larger Gulf-based operator, given its location and capabilities. Speaking to FlightGlobal at the Arab Air Carriers Organization conference in Riyadh, Majali said a strategic investor would obtain an alternative hub – away from ...
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NewsAsiana board okays cargo unit sale to help smooth Korean merger
Asiana Airlines is set to divest its cargo unit, ending an impasse on acquisition plans from compatriot Korean Air, and paving the way for possible European regulatory approval for the impending merger.
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NewsSingapore SAF pilot validates airport infrastructure and credit scheme
A 20-month pilot programme to deploy sustainable aviation fuel at Singapore’s Changi airport has shown the site is “operationally ready” for SAF, but that more work is needed to support its adoption.
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NewsChina’s ‘Big Three’ to see record profits in 2024: HSBC
While China’s three largest carriers are set to remain loss-making for 2023, a HSBC Global Research report predicts “record” profits in 2024 with the easing of several challenges such as overcapacity.
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NewsJoby remains in strong cash position as it breaks even in Q3
US electric aircraft developer Joby Aviation roughly broke even during a third quarter in which it passed several milestones on its intended path to commercial air taxi operations in 2025.
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NewsSpirit AeroSystems seeks to renegotiate contracts with Airbus as losses pile up
Spirit AeroSystems is working to renegotiate loss-making supply contracts with Airbus and to refinance more than $1 billion in debt coming due in 2025, efforts executives describe as requiring urgent attention.
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NewsNorse Atlantic aims to shore up liquidity as it turns in profitable third quarter
Scandinavian long-haul operator Norse Atlantic Airways is looking at additional financing to support the company through the winter season, while also embarking on a strategic review to explore opportunities with industrial players. Norse Atlantic says it is considering supplementary fundraising of up to $45 million to “improve liquidity” through the ...
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NewsQatar Airways doubles first-half profit
Qatar Airways more than doubled net profits for the six months ended 30 September 2023, driven by increased yields and load factors.