All News articles – Page 392
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NewsKuwaiti lessor ALAFCO terminates A320neo purchase contract
Kuwaiti lessor ALAFCO is cancelling a contract for Airbus A320neo twinjets, the company has disclosed to the emirate’s stock exchange. ALAFCO has given few details about the decision, but says it has “reached an agreement” with Airbus to “terminate” the contract for the purchase order. It ordered 50 A320neos in ...
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NewsKlasJet obtains authorisation for Canadian wet-lease operations
Lithuanian private and corporate charter carrier KlasJet has obtained Canadian approval for wet-lease operations in the country. KlasJet has a fleet of 14 Boeing 737s including eight -800s for wet-lease and six – among them a Boeing Business Jet – configured for premium services. The carrier’s parent, Avia Solutions Group, ...
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NewsFinnair obtains €570m, including loan offset, from new share issue
Finnair has revealed that its rights issue – which was slightly oversubscribed – has raised just over €570 million ($620 million) in gross proceeds, including a €318 million commitment from the Finnish government. Net proceeds from the issue are around €558 million. The carrier had disclosed plans for a new ...
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NewsClark still gets ‘real buzz’ from leading Emirates after delaying retirement
Long-serving Emirates president Tim Clark still gets a “real buzz” from the ”herculean project” of running the Middle Eastern giant, years after he delayed his retirement.
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NewsGeneral Atomics touts STOL wing for MQ-9B after Mojave carrier debut
General Atomics Aeronautical Systems sees the UK and several other nations as potential future customers for a version of its MQ-9B unmanned air vehicle adapted for short take-off and landing (STOL) operations.
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NewsBoeing, South Korea explore development of HALE UAV
South Korea’s Defense Acquisition Program Administration is interested not just in developing a large UAV, but also advancing the country’s military MRO capabilities.
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NewsJAL, Yamato take first A321P2F in domestic cargo partnership
Japan Airlines and logistics firm Yamato Holdings have taken delivery of their first Airbus A321 passenger-to-freighter (A321P2F) aircraft, with domestic cargo operations set to launch April 2024.
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NewsTaiwan F-16 delays vex US congressmen
Members of the US Congress have called for greater urgency in the delivery of new Lockheed Martin F-16 Block 70/72s to Taiwan, and expressed concern about the retrofit programme for the country’s existing fleet.
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News‘Finally out of the woods’: AirAsia X sheds financially distressed status as profits double
AirAsia X has shed its financially distressed status following an appeal, as it improved its third-quarter earnings on the back of strong passenger recovery.
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NewsAvelo to exit four markets and seasonally suspend nine routes
US ultra-low-cost carrier Avelo Airlines is exiting four markets that did not develop as planned and intends to seasonally suspend a further nine routes.
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NewsUS Court approves SAS’ investment agreement with Castlelake consortium
A US court has approved Scandinavian operator SAS’ entry into a formal investment agreement with Castlelake, Air France-KLM, the Danish government and financing company Lind Invest.
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News‘Kinetic and non-kinetic’ solutions needed to defend against uncrewed aircraft: Pentagon
The US military’s top officer focused on countering uncrewed aerial systems says addressing the growing threat will require a mix of offensive and defensive equipment, including interceptor missiles, electronic warfare and microwave and laser-based systems.
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NewsPentagon orders AC-130J strike in Iraq
The lethal action follows other strikes in Syria, which Washington says it ordered against Iranian-affiliated groups in response to aggression against American ground and naval forces in the region.
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NewsFrontier seeks further foothold in Midwest USA with trio of planned crew bases
Seeking to bolster its presence in the Midwest USA, ultra low-cost carrier Frontier Airlines plans to open crew bases in Chicago, Cleveland and Cincinnati early next year.
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NewsPiasecki wins $37m AFWERX funding for tilt-duct aircraft
The multi-year funding through the AFWERX programme and Air Force Research Laboratory (AFRL) will see Piasecki showcase in flight its Aerial Reconfigurable Embedded System (ARES) tilt-duct unmanned air vehicle and a ZeroAvia fuel cell propulsion system.
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NewsAirbus begins derisking studies for A330neo-based tanker
Airbus Defence & Space has begun derisking studies for an A330neo-based version of its Multi-Role Tanker Transport which could begin arriving by the end of the decade.
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NewsSlovenia confirms order for second C-27J Spartan transport
Slovenia has finalised a contract to acquire a second Leonardo C-27J tactical transport, the airframer has announced.
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NewsIAG eyes operating margin of 12-15% in medium-term
British Airways and Iberia parent IAG has set itself a medium-term profits target of delivering an operating margin of 12-15%.
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NewsLessor SMBC orders 60 more A320neo family jets
Lessor SMBC Aviation Capital has ordered 60 more Airbus A320neo family aircraft.
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NewsUS Navy P-8A overshoots runway and ends up in sea
A US Navy Boeing P-8A Poseidon maritime patrol aircraft has crashed into the sea after attempting to land at a military base on the Hawaiian island of Oahu.