All News articles – Page 391
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NewsRTX Ventures leads $12m Series A investment in VerdeGo Aero
Hybrid-propulsion start-up VerdeGo Aero has raised $12 million in Series A funding, led by Raytheon Technologies’ RTX Ventures
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NewsFixed-price defence contracts trim another $400m from Boeing results
Boeing’s Defense, Space & Security unit continues to battle programme headwinds, with its second-quarter revenues having declined to just below $6.2 billion, from approaching $6.9 billion during the same period a year earlier. Orders were worth $2 billion.
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NewsEasyJet to add A321neos to Lisbon as TAP slots expand network
UK budget carrier EasyJet is to station three Airbus A321neos in Lisbon, in order to operate an expanded network achieved through the acquisition of former TAP Air Portugal slots. The airline is opening 14 new routes this winter, and increasing frequency on seven others, taking the network from the capital ...
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NewsSAS seeks court authorisation to proceed with new Airbus delivery
SAS is seeking authorisation to continue with aircraft deliveries with a filing to a US bankruptcy court setting out justification for the acquisition. The Scandinavian operator has been under US Chapter 11 bankruptcy protection since 5 July. Airbus is due to deliver an A320neo – MSN10937 – to the carrier ...
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NewsBoeing turns $160m Q2 profit as deliveries accelerate
Boeing swung to a $160 million profit in the second quarter of 2022, a period marked by significantly more aircraft deliveries and a booming aircraft services business.
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NewsHow Rolls-Royce’s Orpheus demonstrator will power FCAS innovation for UK
Rolls-Royce Defence used the Farnborough air show to unveil an experimental demonstrator engine that was designed and tested “in under 18 months”, and at significantly lower cost versus traditional methods.
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NewsPoland to replace Soviet-era fighters with 48 KAI-built FA-50PLs
Poland has signed framework agreements with South Korea to purchase military equipment including 48 Korea Aerospace Industries (KAI) FA-50PL training and combat aircraft.
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NewsLessor LCI signs for up to six more H175 helicopters
Leasing firm LCI has agreed to acquire up to six Airbus Helicopters H175s, with the first to be delivered towards the end of next year. The agreement covers two firm helicopters plus four options, and increases the lessor’s commitment to the type. LCI values the deal at over $125 million. ...
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NewsWizz Air maintains pace of fleet-expansion programme
Budget carrier Wizz Air is maintaining its fleet-expansion programme, although it is prepared for potential disruption from supply-chain issues. It added eight new Airbus A321neos during the quarter while returning four A320s at the end of their leases. The changes take Wizz’s fleet to 157 aircraft. “Our fleet programme remains ...
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NewsATR picks NH Industries helicopters executive as new chief
Turboprop manufacturer ATR has named Airbus Helicopters executive Nathalie Tarnaud Laude as its new chief executive, succeeding Stefano Bortoli. Laude, who joined Airbus in 2005, is president of NH Industries and heads the venture’s NH90 military helicopter programme. She has also held senior roles at Airbus in the strategic, finance ...
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NewsWeaker currency forces Wizz to absorb €140m foreign-exchange loss
Weakening of the euro against the US dollar generated a foreign-exchange impact of €140 million which exacerbated budget carrier Wizz Air’s losses over the first quarter. Wizz Air turned in an operating loss of €284 million ($289 million) for the three months to 30 June. But a revaluation of US ...
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NewsAustralian competition regulator okays Rex’s National Jet acquisition
Australia’s Regional Express (Rex) says that it has received preliminary clearance from Australian regulators for its acquisition of National Jet Express.
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NewsNorth America and international demand lifts Hawaiian’s Q2 revenue
Hawaiian Holdings, the parent company of Hawaiian Airlines, credits more international flying and ongoing strong demand from North American markets for its 68% rise in revenue during the second quarter.
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NewsTurbofan deliveries are Boeing’s ‘number one’ supply constraint
Limited availability of CFM International turbofans is the chief parts shortage hindering Boeing’s ability to ramp 737 production.
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NewsGE Aviation ‘grappling’ with constrained turbofan supply chain
GE Aviation’s production of aircraft turbofans remains behind schedule due to factors including parts and labour shortages.
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NewsCanada Jetlines to launch revenue service on 15 August
Canada Jetlines, a start-up leisure carrier based in Vancouver, is set to launch passenger revenue service next month.
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NewsRaytheon continues struggling with labour and supply shortages amid delivery delays
Supply chain constraints and labour shortages continue limiting the ability of Raytheon Technologies and its subsidiaries to deliver aerospace products, including aircraft engines.
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NewsBaffled Ryanair vows to appeal EU ruling on €8.4m in ‘illegal’ state aid
Low-cost group Ryanair has vowed to appeal what it describes as a “bizarre” ruling by the European Commission that it benefited from illegal state aid relating to France’s La Rochelle airport between 2003 and 2010. In approving the financial aid provided by the French government to La Rochelle and Beauvais ...
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NewsLufthansa cancels more than 1,000 flights as ground staff strike
Lufthansa has cancelled more than 1,000 flights on and around 27 July in response to a “warning strike” by members of the Verdi trade union over a pay dispute. The action involves around 20,000 ground staff from across the Lufthansa Group’s German units and comes with the mainline carrier already ...
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NewsPoland’s first H-model Hercules arrives for in-country preparation
A first of five Lockheed Martin C-130H tactical transports acquired for use by the Polish air force landed at the nation’s Bydgoszcz airport on 15 July.