All News articles – Page 261
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NewsLufthansa CEO positive on ITA deal but says price must reflect €486 million loss
Lufthansa Group chief executive Carsten Spohr is confident a deal can be reached on taking an ITA Airways stake before an exclusivity period ends, but says the latter’s valuation must reflect its newly announced full-year loss.
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NewsBRA lends support to ZeroAvia’s Swedish hydrogen push
Swedish carrier Braathens Regional Airlines (BRA) is to supply turboprop aircraft to ZeroAvia for conversion to hydrogen fuel cell power as part of an agreement to develop zero-emission routes in the northeast of the country.
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NewsITA cites macroeconomic ‘deterioration’ as it posts €486 million net loss in 2022
ITA Airways blames high fuel costs and ongoing effects of the pandemic for its €486 million ($527 million) full-year net loss in 2022, noting that the result was “consistent” with its “start-up status” in a weak market.
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NewsUSA has ‘thrown down the gauntlet’ on SAF investment: European airline chiefs
The USA has “thrown down the gauntlet” when it comes to investments in sustainable aviation fuel (SAF) and Europe must act in kind, according to the chief executives of Europe’s largest airlines.
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News‘Time for excuses is over’ on European airspace reform: airline chiefs
The chief executives of Europe’s largest airlines have renewed calls for Europe’s airspace to be reformed, including through a new approach to financing air traffic management (ATM) services.
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NewsHK Express takes delivery of first A321neo
Hong Kong-based HK Express has taken delivery of its first Airbus A321neo, which sports the airline’s new livery.
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NewsKF-21 drops dummy Meteor and test fires 20mm cannon
The Korea Aerospace Industries (KAI) KF-21 fighter has commenced weapons release work, including firing its cannon during flight.
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NewsChina Southern to list logistics unit
China Southern Airlines is set to spin off and list its logistics arm on the Shanghai stock exchange, as part of “business development” efforts amid dire financial results.
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NewsPentagon renews Philippines medevac contract with Erickson
The Oregon-based provider of cargo, casualty evacuation and MRO services landed a contract modification worth nearly $15 million on its existing agreement to provide aeromedical support to the US military in the Philippines.
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NewsBreeze to connect underserved West Virginia airport to ‘at least’ five cities
US discounter Breeze Airways plans to boost air service to the underutilised West Virginia International Yeager airport in Charleston by connecting it to at least five cities over the next two years.
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NewsPiper to deliver 55 new trainer aircraft to US flight school
Piper Aircraft has a deal to deliver a fleet of 55 new trainer class aircraft to Blue Line Aviation – a flight school headquartered in Smithfield, North Carolina – with options for a further 60 trainers.
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NewsNATO adds order for its tenth Airbus A330 tanker/transport
A pooled fleet of Airbus Defence & Space A330 multi-role tanker transports (MRTTs) operated by a group of six NATO nations will grow to 10 aircraft by late 2026.
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NewsLilium confident of securing additional funding on top of November capital raise
Lilium remains “encouraged” by the progress of fund-raising discussions with new and existing shareholders as it bids to keep development of its electric vertical take-off and landing Lilium Jet on track.
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NewsLoganair to expand Heathrow operations after leasing slots
UK regional carrier Loganair has reiterated its call for slots at London Heathrow airport to be made permanently available for domestic connectivity after announcing it will expand its fledgling operation at the congested hub by leasing more slots.
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NewsSpirit AeroSystems to work with Skyworks on VertiJet VTOL design
Spirit AeroSystems’ units in Northern Ireland and Scotland have tentatively agreed to collaborate with Skyworks Aeronautics on the design of the latter’s proposed VertiJet vertical take-off and landing (VTOL) gyroplane.
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NewsAscendance secures more funding for Atea hybrid-electric VTOL programme
Ascendance Flight Technologies has raised €21 million ($22.7 million) in its latest funding round, which the French start-up will use to accelerate development of its proposed Atea hybrid-electric vertical take-off and landing (VTOL) aircraft.
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NewsFormer Eurocontrol director general to join Ryanair’s board
Ryanair Holdings has appointed former Eurocontrol director general Eamonn Brennan and former Austrian MEP Elisabeth Kostinger to join its board from 1 April as non-executive directors.
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NewsAsia-Pacific travel demand ‘to moderate’ after year-end high: AAPA
The Association of Asia Pacific Airlines (AAPA) expects international travel demand to “moderate” following strong recovery seen at the end of 2022, where major markets such as Japan and China reopened their borders.
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NewsA310 MRTT controls drones autonomously in Auto’Mate air-to-air refuelling demo
Airbus Defence & Space has successfully demonstrated in-flight autonomous guidance and control of a series of unmanned air vehicles using an A310 Multi Role Tanker Transport (MRTT) flying testbed.
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News‘Unprecedented headwinds’ keep Cebu Pacific in red
Cebu Pacific remained loss-making in 2022, as the impact from “unprecedented” economic challenges outweighed recovery passenger revenue recovery during the year.