All News articles – Page 430
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South Korean low-cost carriers prolong loss-making streak
Three South Korean low-cost carriers remained in the red for for the first quarter of the year amid slower recovery, though a revenue uptick helped narrow their losses.
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Philippine Airlines parent swings to Q1 profit as post-restructuring recovery gathers pace
Philippine Airlines parent company PAL Holdings rebounded to profitability in the three months to 31 March, on the back of a dramatic rise in revenues following easing of travel restrictions in key markets around the world.
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Northern Pacific Airways to wet-lease aircraft when it launches
Start-up US carrier Northern Pacific Airways, which intends to begin flights later this year, has applied with US authorities to fly between the USA and two Asian countries, initially using jets wet-leased from another carrier.
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Airbus to build refuelling boom for Lockheed’s next generation air tanker in Arkansas
Lockheed Martin and Airbus say that the aerial refuelling boom system for the LMXT strategic tanker aircraft will be manufactured by Airbus in Arkansas.
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General Atomics doubles down on Canadian remote aircraft bid, opens office in Ottawa
The San Diego-based maker of the popular MQ-9 family of remotely piloted aircraft has bid on a Canadian procurement request worth up to $5 billion.
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Airline unions favour Spirit-Frontier tie-up
Unions representing US airline workers are voicing support for a Frontier Airlines-Spirit Airlines tie-up, while expressing opposition to JetBlue Airways’ competing hostile offer for the ultra-low-cost carrier.
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Airbus Helicopters looks to firm up ‘concrete’ export interest in H160M
Airbus Helicopters is already having “concrete discussions” with potential export buyers of its H160M Guepard medium-twin, as development activities for launch customer France accelerate.
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Russia to launch Su-75 Checkmate production in 2027, Rostec says
Sukhoi’s Su-75 Checkmate fighter will enter serial production in 2027, state-owned conglomerate Rostec says, indicating a delay from a target outlined by Russia’s United Aircraft late last year.
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Surf Air to become public company, acquire Southern Airways
US aviation company Surf Air Mobility has unveiled plans to both become a publicly traded company and to acquire regional US carrier Southern Airways.
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KLM chief Elbers to lead Indian budget carrier IndiGo
Indian budget carrier Indigo Airlines has named KLM head Pieter Elbers as its new chief executive. The airline says Elbers will take up the position from 1 October, succeeding Ronojoy Dutta who is resigning from the carrier after nearly four years in charge. Elbers has served as chief of KLM ...
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SIA Group cuts full-year loss as border re-opening proves ‘game-changer’
Singapore Airlines Group significantly narrowed its full-year losses, as revenues double on the back of borders reopening.
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Windtunnel tests examine stability of new Russian 44-seat ‘Ladoga’ turboprop
Windtunnel tests have been conducted on the Russian 44-seat regional turboprop under development by Ural civil aviation plant UZGA. The low-speed windtunnel and airflow-visualisation tests on the high-wing twin-engined aircraft – formerly the TVRS-44 but subsequently named ‘Ladoga’ – have been carried out at the Central Aerohydrodynamic Institute. Researchers have ...
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El Al prepares for share issue and finalisation of loyalty loan
Israeli flag-carrier El Al is preparing for a share offering valued at around $62 million, as part of its effort to solidify its financial position. The airline is also finalising discussions with insurance firm Phoenix Group over a $130 million loan against its frequent-flyer programme, and expects to finish the ...
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CMA CGM set to take stake in Air France-KLM under long-term cargo partnership
French logistics firm CMA CGM is to take up to a 9% stake in Air France-KLM as part of new long-term partnership under which they will work together operating their respective air cargo capacity.
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Singapore’s Changi Airport eyes surpassing recovery targets in coming months
Singapore’s Changi Airport could see passenger traffic surpass 50% of pre-pandemic levels in the next few months, as travel demand continues to pick up.
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Turkish Airlines agrees to purchase six A350s
Turkish Airlines has disclosed that it intends to purchase six Airbus A350-900s, which will be delivered over the course of this year and next. The airline has not elaborated on the decision, which it confirmed to the Istanbul stock exchange. Turkish Airlines has 20 A350-900s on direct order of which ...
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Thai carriers boost Q1 capacity but big operating losses persist
Thai Airways International, Bangkok Airways, and Thai AirAsia parent Asia Aviation all posted operating losses in the first quarter, even though Covid-19 travel restrictions have started to fall away.
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China says no official information about China Eastern crash released
China claims that no official information about the China Eastern Airlines Boeing 737-800 crash had been released to media, though it stopped short of denying claims that the crash was intentional.
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India conducts air-launched anti-ship missile tests
India has conducted a pair of recent tests highlighting its ability to attack surface vessels from the air.
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ATR powers ahead with hybrid-electric Evo
Manufacturer kicks off feasibility studies for new hybrid-electric turboprop variant to deliver 20% fuel-burn saving, with new model to arrive before the end of the decade.