All News articles – Page 373
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SpiceJet widens Q1 loss; eyes $200 million fundraising
Indian low-cost operator SpiceJet is “engaging with investment bankers” to potentially raise up to $200 million in fresh funds, even as it widened its quarterly losses, punished by soaring fuel costs and a depreciating Indian Rupee.
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Korean Air-Asiana merger gets Australian approval
Australia’s competition watchdog has greenlit Korean Air’s proposed acquisition of rival and compatriot Asiana Airlines, noting that the move does not lessen competition on flights between South Korea and Australia. In a statement released 1 September, the Australian Competition and Consumer Commission (ACCC) notes that while Korean Air and Asiana ...
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Avelo Airlines set to link Binghamton, New York to Florida
Low-cost Avelo Airlines will become the first passenger carrier to connect Binghamton, New York to the popular Florida vacation destinations of Fort Myers and Orlando.
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US moves to seize 737 BBJ, citing Russian sanctions violation
The US government is seeking to seize a Boeing 737 business jet owned by Moscow-based oil and gas company Lukoil due to alleged violations of US-imposed sanctions against Russia.
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More global flight hours, more commercial aircraft accidents in 2021
The number of commercial jet aircraft accidents rose slightly in 2021 over the previous year, reflecting an increase in global flight hours as the airline industry rebounds from the coronavirus pandemic.
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Rolls-Royce axes testbed conversion plan for ex-Qantas 747-400
Rolls-Royce has ditched plans to turn a former Qantas Boeing 747-400 into a flying testbed and will now dispose of the aircraft which has sat idle at Moses Lake airport in Washington state for over two years.
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F-22 test demonstrates first use of third-party software on fifth-gen fighter
The US Air Force conducted the test flight as part of a Pentagon push for open-source applications and faster technology integration.
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China Airlines yet to finalise 787 order: Boeing
Boeing has not yet received firm 787 orders from China Airlines despite the carrier saying yesterday it had purchased the jets.
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Ryanair chief denies saying cheap fares are thing of past
Ryanair group chief executive Michael O’Leary says he was “somewhat misquoted” in a series of recent news articles that suggested he believed the “era of cheap air fares” had come to an end.
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Virgin Atlantic broadens Indian reach with IndiGo codeshare
UK long-haul operator Virgin Atlantic is to extend its Indian reach through a codeshare agreement with budget airline IndiGo. The new partnership will enable onward travel from Virgin’s flights from London Heathrow to Delhi and Mumbai. It will initially cover seven cities in India, comprising Chennai, Bengaluru, Hyderabad, Kolkata, Ahmedabad, ...
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Wake and tailwind led to Beech 18 wing-strike and excursion at air show
French investigators believe the pilot of a vintage Beech 18S lost control during a take-off in tailwinds, exacerbated by wake turbulence from a formation of other aircraft departing the same runway. The Beech, built in 1958, was participating in the Air Legends air show at Melun on 11 September last ...
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Italy to open exclusive talks with Air France-KLM, Delta consortium over ITA sale
Italy’s finance ministry is to begin exclusive negotiations with a consortium comprising Certares, Air France-KLM and Delta Air Lines to take control of Alitalia successor ITA Airways.
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Raytheon secures $972m contract for F3R-standard AMRAAMs
Raytheon Missiles & Defense has been awarded a $972 million contract to deliver its F3R-standard AMRAAM air-to-air missile to the US military and 19 international customers.
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Revised LATAM forecast predicts return to pre-crisis revenues next year
Latin American operator LATAM Airlines Group is expecting to exceed pre-crisis revenues next year, and has hiked annual cost-saving estimates to more than $1 billion, in a revised business outlook as it prepares to exit US Chapter 11 protection. Its new five-year forecast sees the operator’s revenues reaching nearly $11.5 ...
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ANA closes in on full recovery on North American network with Haneda ramp-up
All Nippon Airways will operate at 90% pre-pandemic capacity for its North American network, as the Japanese carrier announces a capacity ramp-up for the Northern winter travel season between November and March 2023.
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Loss of situational awareness saw Uni Air ATR strike runway threshold
A loss of situational awareness and procedural non-adherence saw the wheels and tail skid of a Uni Air ATR 72-600 turboprop collide with the pre-threshold area of a runway on 10 May 2021.
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Airbus starts seeking successor to chief financial officer Asam
Airbus is preparing a succession plan for chief financial officer Dominik Asam, who is to step down from his position next year. He is to take up the post of chief financial officer at German software firm SAP. Asam joined Airbus during a management transition following Guillaume Faury’s accession to ...
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China’s ‘Big Three’ reticent on 737 Max’s return even as other deliveries continue
China’s three largest carriers continue to omit the Boeing 737 Max narrowbody from their near-term fleet plans, casting a pall over Boeing’s plans to return the type to Mainland service.
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China’s continued ‘zero-Covid’ policy pushes ‘Big Three’ to record first-half losses
China’s three largest carriers widened their half-year losses, as they count the economic costs of China’s continued zero-infection policy, which has dampened travel demand.
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Lockheed secures award for new Australian MH-60Rs
Lockheed Martin has secured a $504 million contract related to additional Sikorsky MH-60R helicopters for Australia.