All News articles – Page 386
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Russian government hands out subsidies to support beleaguered carriers and airports
Russia’s federal aviation regulator has outlined the scale of subsidies paid to support the country’s air transport industry following the introduction of international sanctions resulting from the Ukrainian conflict. Rosaviatsia is implementing four support schemes with a budget of over Rb125 billion ($2 billion). Thirty-two airlines have received a combined ...
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China military drills off Taiwan prompts flight rerouting, cancellations
Airlines in Asia have scrambled to reroute or cancel flights, amid warnings to avoid Taiwanese airspace as China kicks off a series of live-fire drills in response to a top US official’s visit to the island.
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RAAF P-8A commences heavy maintenance in Australia
Boeing Defence Australia has commenced its first deep maintenance work on a P-8A Poseidon maritime patrol aircraft of the Royal Australian Air Force (RAAF).
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PAL swings to profitability amid surge in passenger revenue
Philippine Airlines swung back to the black for the first half of 2022, posting an operating profit of Ps6.6 billion ($120 million), compared to Ps4.7 billion loss reported in 2021.
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IndiGo sharply narrows net loss on soaring revenues
Indian low-cost carrier IndiGo sharply narrowed its first quarter net loss to INR10.6 billion ($134 million), from a net loss of INR31.7 billion in the first quarter of its 2023 financial year.
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Allegiant posts higher Q2 revenue as costs also soar
Allegiant Travel Company, the parent of low-cost carrier Allegiant Air posted higher revenue and a small profit during the second three months of 2022 as expenses climbed.
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Copa Airlines boosts second-quarter revenue to $693m
Panama-based Copa Holdings, the parent of Copa Airlines, reported higher second-quarter profit and revenue amid a difficult operating environment.
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US DOT proposes new customer protections for air travellers
The US Department of Transportation (DOT) is proposing strong new consumer protections for airline customers travelling with both domestic and foreign carriers on scheduled service from, to or within the USA.
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China sends fighter jets into Taiwan Strait amid heightened tensions
The flights of J-11s, J-16s and Su-30s come amid a series of large, live-fire drills being conducted by China in the region following an official US visit to Taiwan.
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Uzbekistan’s Qanot Sharq stepping up to A321neos
Uzbek carrier Qanot Sharq is to introduce a pair of Airbus A321neo jets through US lessor Air Lease. The twinjets are set to be delivered to the carrier in autumn this year, and will be drawn from Air Lease’s order backlog with Airbus. Qanot Sharq, whose name means ‘eastern wings’, ...
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Spirit AeroSystems warns of supply chain, staffing risks as revenue bounces back
Spirit AeroSystems is the latest large aerospace player to warn that supply chain and staffing challenges are affecting its ability to scale up production and return to profitability.
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American Airlines teams up with ZeroAvia to develop regional jet engine
American Airlines and zero-emissions propulsion specialist ZeroAvia have teamed up on a project to develop an engine for regional jet aircraft.
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EASA rules out mandate for frozen-contamination cockpit alerts
Europe’s air transport safety regulator is ruling out a certification mandate to fit aircraft with systems capable of detecting and alerting pilots to frozen contaminants on critical aerodynamic surfaces. Such a requirement has been rejected by the European Union Aviation Safety Agency in a proposed revision to large aircraft certification ...
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Ryanair exceeded pre-Covid passenger numbers by 2 million in July
Ryanair continued to reach new traffic highs in July, as it served 16.8 million passengers – some two million more than it recorded for the same month of 2019 and 0.9 million up on the previous all-time record seen in June this year. The Irish carrier and budget rival Wizz ...
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Etihad Airways firms order for A350 freighters
Middle Eastern carrier Etihad Airways has confirmed its order for seven Airbus A350 freighters, cementing an agreement originally unveiled in mid-February. The airline already had orders for 20 A350-1000s, of which five have been delivered. Airbus says the freighters are “adding to” Etihad’s order for the -1000s. “This additional cargo ...
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Air China to raise CNY15 billion for 22 new aircraft
Air China will raise up to CNY15 billion ($2.2 billion) through a non-public share issuance, with the bulk of funds intended to fund the purchase of 22 new aircraft.
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Horizon unveils half-scale prototype of Cavorite eVTOL
Canadian hybrid-electric aviation specialist Horizon Aircraft has unveiled a half-scale prototype of its proposed Cavorite X5 eVTOL aircraft. The 50% scale version is 4.5m (15ft) in length with a wingspan of 6.7m. Horizon says the eventual production aircraft will have capacity for a pilot and four passengers, and be powered ...
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Malaysia to acquire MALE UAV by 2025
Malaysia aims to acquire a medium-altitude, long-endurance (MALE) unmanned air vehicle (UAV) capability in 2025.
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Spanish government clears Rolls-Royce divestment of ITP Aero
Rolls-Royce has secured approval from the Spanish government to divest its ITP Aero division to an investment consortium. The engine manufacturer says it has already obtained clearance from all other relevant regulatory authorities for the sale. Rolls-Royce is expecting the €1.8 billion ($1.8 billion) transaction, as a result, to complete ...
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SAS submitting preliminary financial details to US bankruptcy court
Scandinavian operator SAS is filing statements of its financial affairs, as well as documentation covering assets and liabilities, with a US bankruptcy court. The company had sought to extend a deadline for the filing – from 19 July to 2 August – after experiencing a strain on its resources resulting ...