All News articles – Page 8
-
News
Strategic tie-up failure and softer market put pressure on Norse Atlantic
Long-haul budget carrier Norse Atlantic Airways admits the recent failure of strategic investment talks with a potential partner has contributed to pressure on near-term liquidity. The airline says the situation has been aggravated by “softening” market conditions and lower fares, affecting revenues. It adds that it is experiencing a “tail-heavy” ...
-
News
IAG starts another round of share buy-backs to support Air Europa acquisition
British Airways and Iberia parent IAG is pursuing another share buy-back programme intended to support its proposed acquisition of Spanish operator Air Europa.
-
News
China Southern, EHang partner to explore eVTOL tourism operations
China Southern Airlines has signed a memorandum of understanding with EHang to explore the development of “low-altitude tourism” in the southern Chinese city of Zhuhai.
-
News
GE Aerospace extends CEO Culp’s contract until end-2027
The company’s board of directors on 30 June approved a new employment contract for Culp that extends his term as CEO and board chair until the end of 2027.
-
News
Spirit Airlines adds Fred Cromer as chief financial officer
US ultra-low-cost carrier Spirit Airlines has named Fred Cromer as its chief financial officer, tasking him with helping the company chart a profitable course forward.
-
News
US Army takes delivery of first Block II CH-47F
The delivery of a remanufactured CH-47F Chinook in the latest Block II standard marks a milestone in the US Army’s strategy to modernise its aviation fleet.
-
News
Boeing to maintain Spirit AeroSystems’ defence contracts
The troubled aerostructures manufacturer has become an important supplier of several key US defence programmes, including the air force’s new stealth bomber and the army’s next-generation tiltrotor.
-
News
Airbus could still pick up Spirit AeroSystems entities in Scotland and Malaysia
Airbus’s framework agreement with Spirit AeroSystems shows that the aircraft manufacturer might yet acquire Scottish or Malaysian operations of Spirit if a third-party buyer does not emerge. Both Sprit’s Glasgow Prestwick division and its Subang airport arm in western Kuala Lumpur supply components for Airbus programmes. Neither has been included ...
-
News
Lockheed wavering over NMH bid, sources suggest
Lockheed Martin appears to be on the verge of walking away from the UK’s New Medium Helicopter (NMH) contest without submitting the Sikorsky S-70M Black Hawk for the final stage of the procurement.
-
News
New Pacific Airways chief executive Rob McKinney abruptly leaves post
Rob McKinney, chief executive of Alaskan regional airline Ravn Alaska and floundering start-up carrier New Pacific Airways, has left the group effective immediately.
-
News
Propellers come full circle with urban, regional air mobility
As climate imperatives increasingly challenge air transport, the sector is desperately seeking new technologies to mitigate damage caused by the old ones.
-
News
Eve secures $94m in new financing
Embraer-backed urban air mobility company Eve Air Mobility has secured $94 million in fresh financing from multiple investors that will close in “the coming weeks”.
-
News
Air France-KLM flags summer bookings hit from Paris Olympics
Air France-KLM has warned that travellers avoiding Paris due to the forthcoming Olympic Games could cause a revenue hit of up to €180 million ($193 million) at its French operations.
-
News
Airbus chief: Acquisition of Spirit A350 and A220 work unexpected but necessary
Airbus chief executive Guillaume Faury admits that the airframer was not expecting to be negotiating an acquisition of key aircraft programmes from beleaguered US firm Spirit AeroSystems, but insists it is necessary and that Airbus is ready to absorb them.
-
News
Air India to set up pilot training school in Amravati
Air India plans to set up a pilot training school with the aim of graduating 180 commercial pilots annually.
-
News
Emirates unveils initial routes for refurbished 777-300ERs
Middle Eastern carrier Emirates has unveiled initial destinations to which it will deploy Boeing 777-300ERs with refurbished interior. The first aircraft – out of 81 of the type to be refreshed – is undergoing the modification from 1 July. Emirates says it will offer the upgraded cabin initially on services ...
-
News
WestJet maintenance workers withdraw strike action
WestJet’s mechanics and technical employees have agreed to withdraw strike action and return to work while their union, the Aircraft Mechanics Fraternal Association (AMFA), negotiates a new contract with the company.
-
News
Unions oppose Air Incheon’s bid for Asiana’s cargo business
Unions have put yet another obstacle in the path of Korean Air’s delayed acquisition of Asiana Airlines by objecting to both the nature of the takeover and the choice of Air Incheon as the preferred bidder for the sale of Asiana Airlines’ cargo business.
-
News
CargoLogicAir administrators wrestle to recover deleted vital records
Joint administrators of former UK-based freight carrier CargoLogicAir are pressuring software specialist Microsoft to recover essential financial data, after records were deleted when user access was withdrawn. CargoLogicAir, which operated a fleet of Boeing 747 freighters, was linked to Russian freight company Volga-Dnepr Group. Sanctions imposed over the Ukrainian conflict ...
-
News
Boeing and Airbus agree to split up Spirit AeroSystems’ operations
Boeing has confirmed it will take over US-based aerostructures firm Spirit AeroSystems in an $8.3 billion agreement, including net debt, with Airbus poised to acquire its key programmes from the company. The all-stock transaction has an equity value of $4.7 billion, with each share of Spirit stock being exchanged for ...