All News articles – Page 406
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NewsSpirit AeroSystems seeks to renegotiate contracts with Airbus as losses pile up
Spirit AeroSystems is working to renegotiate loss-making supply contracts with Airbus and to refinance more than $1 billion in debt coming due in 2025, efforts executives describe as requiring urgent attention.
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NewsNorse Atlantic aims to shore up liquidity as it turns in profitable third quarter
Scandinavian long-haul operator Norse Atlantic Airways is looking at additional financing to support the company through the winter season, while also embarking on a strategic review to explore opportunities with industrial players. Norse Atlantic says it is considering supplementary fundraising of up to $45 million to “improve liquidity” through the ...
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NewsQatar Airways doubles first-half profit
Qatar Airways more than doubled net profits for the six months ended 30 September 2023, driven by increased yields and load factors.
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NewsRoyal Jordanian chief dismayed as Israel-Gaza conflict threatens profitability
Royal Jordanian believes disruption from the Israeli-Gaza conflict will badly affect fourth-quarter performance and set back the airline’s efforts to return to profitability this year. The carrier made profits at the nine-month point, said chief executive Samer Majali, speaking to FlightGlobal during the Arab Air Carriers Organization conference in Riyadh. ...
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NewsSpirit AeroSystems loses $204 million in Q3 amid surging expenses and costly rework
Costly fuselage rework and increased supply chain and labour expenses pushed US aerostructures manufacturer Spirit AeroSystems to a $204 million loss in the third quarter of 2023.
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NewsVSR700 completes latest sea trials aboard French frigate
Airbus Helicopters and Naval Group have successfully tested their jointly developed rotary-wing unmanned demonstrator aircraft aboard a French navy frigate.
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NewsLufthansa completes sale of remaining catering business
Lufthansa Group has finalised the sale to private equity firm Aurelius Group of the remaining part of LSG Group, completing the divestment of its catering business.
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NewsOil and gas producers set out safety fears as S-92 gearbox shortage bites
Offshore helicopter safety is being put at risk by a shortage of spare parts, particularly main gearboxes (MGBs) for the Sikorsky S-92, as operators resort to “extraordinary actions” to maintain fleet availability, the body representing oil and gas producers has warned.
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NewsIndian navy retires Cold War-era Il-38s
The Indian navy has retired the last of its Ilyushin Il-38 Sea Dragon maritime patrol aircraft, following over four decades in service.
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NewsUSA speeds up UH-60M deliveries to Australia
The US government is speeding up deliveries of Sikorsky UH-60M Black Hawk helicopters to Australia, aiming to fill a capability gap created by the early retirement of the NH Industries MRH90 Taipan.
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NewsGrounded MYAirline in talks with investors to reboot operations
Grounded Malaysian low-cost carrier MYAirline is in discussions with investors about shoring up its funding with the aim of resuming operations.
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NewsAir Niugini firms up plans for 11 A220s
Papua New Guinea carrier Air Niugini has formalised its commitments for 11 Airbus A220s, including a direct order with the airframer for six examples.
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NewsCanada’s Helijet International places firm orders for four Beta air taxis
British Columbia-based helicopter operator Helijet International has placed firm orders for four of Beta Technologies’ Alia air taxi.
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NewsGulfstream adds manufacturing capacity in Savannah for G400s, G500s and G600s
Gulfstream has completed an expansion in Savannah of the manufacturing facility where it assembles G400, G500 and G600 business jets, leaving the company prepared to increase output.
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NewsJetBlue expects P&W engine issues to ground at least six aircraft through 2024
JetBlue Airways expects six of its Airbus A321neos to be grounded by Pratt & Whitney (P&W) engine issues by year’s end – and for that number to rise.
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NewsJetBlue lost $153m in Q3 as air-travel demand failed to keep up
Operational troubles and too many seats in the USA pushed JetBlue Airways to a $153 million loss in the third quarter of 2023, prompting the airline to trim its capacity.
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NewsLATAM Airlines posts $232m profit, based on strength of passenger operations
LATAM Airlines Group posted record quarterly revenue during the three-month period ending in September, turning a $232 million profit – the airline’s fourth consecutive quarter in the black – as sales from passenger travel more than offset a decline in cargo revenue.
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NewsEtihad carries out first commercial flight from new Abu Dhabi terminal
Home carrier Etihad Airways has conducted the first commercial flight out of Abu Dhabi International airport’s long-awaited new Terminal A.
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NewsAACO carriers to pilot SITA sustainability and digital-identity initiatives
Three airline members of the Arab Air Carriers Organization are to participate in pilot projects focused on sustainability management and digital identity, under a co-operation agreement with SITA. The agreement covering trials of the two technology solutions, which will take place over the next few months, was unveiled at the ...
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NewsSaudia seeking ‘quick fixes’ to ease supply-chain impact on fleet: chief
Saudi Arabian operator Saudia Group’s chief says the airline is working to obtain “quick fixes” – though not necessarily permanent resolutions – to address the supply-chain impact on its fleet. Speaking during a briefing at the Arab Air Carriers Organization conference in Riyadh, director general Ibrahim Al-Omar said the company ...