All News articles – Page 441
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NewsEmbraer swings to Q1 loss, cites one-month production stoppage
Brazilian airframer Embraer lost $32 million in the first quarter of 2022, logging steep declines in military, executive and commercial aircraft revenue.
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NewsComac aircraft not an ‘investable asset’ for Avolon - at least in the short term: Slattery
Chinese airframer Comac may have to wait several more decades before Western lessors back its aircraft, but that point will nonetheless definitely arrive, says Avolon’s chief executive.
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NewsSouthwest Airlines aims to be ‘solidly profitable’ in 2022
Southwest Airlines hopes to be “solidly profitable” for the full year as the company bounces back from a rocky first quarter.
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NewsTextron Aviation’s Q1 profit jumps amid increased aircraft deliveries
Textron Aviation’s first-quarter profit more than doubled year-on-year to $121 million, with the company delivering more aircraft and reporting solid gains in aftermarket revenue.
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NewsBoeing unveils new T-7 Red Hawk jet trainer
Boeing is expected to produce 351 Red Hawk trainer jets for the US Air Force, but the programme faces cost overruns and delays.
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NewsNorthrop Grumman beats Q1 estimates, reveals B-21 details
The Virginia-based manufacturer was less affected by pandemic challenges than some rivals and says one of its next-generation strategic bombers is undergoing ground testing.
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NewsTurkish Airlines Q1 profit jumps on strong cargo and recovering demand
Turkish Airlines posted an improved profit for the first three months of 2022, driven by a continued strong performance in cargo and higher demand as Covid travel restrictions eased further.
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NewsRussia’s jet theft may push up lease rates for emerging markets: Avolon chief Slattery
Avolon believes the fall-out from the leasing industry’s exposure to the Russian market could see airlines in emerging markets paying higher rates for leased aircraft.
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NewsDomestic revenue boosts Gol’s Q1 earnings
Domestic sales boosted Brazil’s Gol airlines’ first quarter earnings as it finalised a codeshare agreement with American Airlines and launched a cargo collaboration.
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NewsBoeing reports ‘messier quarter’ with revenue declines across defence programmes
Supply-chain constraints and changes to government contracts drove a nearly 25% decline in revenue on defence programmes year-over-year.
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NewsCzech firm acquires L-410 manufacturer Aircraft Industries from Russian owners
Czech defence electronics and aviation technology company Omnipol Group has agreed to acquire the entirety of the aerospace firm Aircraft Industries from its Russian owners. Russian mining entity UGMK has controlled the company since 2008 when it acquired a 51% share of the firm, which produces aircraft including the L-410 ...
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NewsProbe into 777-300ER 'control instability' finds no evidence of inconsistent response
French investigators probing the control instability experienced by an Air France Boeing 777-300ER on final approach to Paris Charles de Gaulle have found no inconsistency between the pilots’ control inputs and the movement of the aircraft. The aircraft, arriving from New York JFK on 5 April, had been conducting an ...
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NewsProfitable Cargolux foresees continued capacity strain on trade
Cargolux has generated a full-year pre-tax profit of $1.7 billion for 2021, but it warning that global trade is likely to suffer from the effects of the pandemic and the geopolitical situation in Ukraine. Pressure on supply chains will continue, the Luxembourg-based freight carrier states, with border restrictions still in ...
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NewsEasyJet to help drive GKN hydrogen propulsion projects
UK carrier EasyJet could be the first airline to trial a pair of hydrogen propulsion systems being developed by GKN Aerospace under a new pact between the companies.
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NewsANA narrows operating losses; cargo revenue hits record
All Nippon Airways parent ANA Holdings has narrowed its 2021 full-year operating loss to Y173 billion ($1.3 billion), compared with an operating loss of Y465 billion a year earlier.
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NewsTravel recovery ‘well underway’, as AirAsia carriers report jump in Q1 traffic
AirAsia Aviation Group is seeing robust traffic growth in the quarter to 31 March, as it believes travel revival is “well underway” amid easing of travel restrictions in the region.
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NewsAeroflot board set to discuss increasing company’s share capital
Aeroflot Group’s board is to hold a meeting at which the directors will discuss increasing the authorised share capital of the company. The board meeting is set to take place on 29 April, the airline has disclosed. Its agenda includes amending articles of association for the company and determining the ...
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NewsRussia’s Aeroflot suspended from SkyTeam alliance
Aeroflot has had its membership of global alliance SkyTeam temporarily suspended amid the continued fallout of global sanctions impacting the country’s operators following Russia’s invasion of Ukraine.
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NewsNo cheer as China expects 77% plunge in traffic during Labour Day holidays
Chinese civil aviation regulators forecast a 77% year-on-year decline in passenger traffic over the Labour Day holiday period, underscoring the travel restrictions Beijing has imposed in a bid to crush coronavirus infection numbers.
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NewsSafran Nacelles signs support deals with Hawaiian, Viva Air Columbia
Safran Nacelles has signed two long-term service contracts with Hawaiian Airlines, as well as low-cost carrier Viva Air Columbia.