All articles by Pilar Wolfsteller – Page 7
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NewsSpirit Airlines names Brian McMenamy as its new financial chief
Spirit Airlines has named Brian J. McMenamy as new chief financial officer after the company’s previous CFO Scott Haralson resigned to pursue another opportunity at ”a larger, publicly traded company outside of the airline industry”.
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NewsTextron Aviation marks production of 400th Citation Latitude
Textron Aviation has marked the production of its 400th Citation Latitude and unveiled Garmin 5000-based enhancements.
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NewsGol submits five-year financing plan as part of restructuring
Brazilian airline Gol has submitted a five-year financial plan to a US court as part of its bankruptcy proceedings that calls for refinancing $2 billion in debt, an equity raise, and new deals with aircraft lessors.
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NewsBrazil’s Gol and Azul strike codeshare deal for domestic routes
Brazilian carriers Gol and Azul have agreed to connect their networks through a codeshare partnership for domestic flights.
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AnalysisWhy Volocopter chief executive Dirk Hoke is ready to lead eVTOL revolution
Volocopter chief executive and former Airbus Defence & Space boss Dirk Hoke is bringing advanced air mobility to the masses – with or without a Paris Olympics appearance.
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AnalysisHow Germany’s civil aerospace sector is transforming for clean future
Still facing labour and supply chain challenges, German aerospace manufacturers are hoping to advance initiatives that will propel them to the top of the sustainable aviation sector.
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NewsLATAM Airlines Group first-quarter profit reaches $258m
LATAM Airlines Group reported a first-quarter profit of $258 million, a record for the period, profiting of ongoing strong demand during Latin America’s high travel season.
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NewsAir Canada lost C$81m in first quarter as costs rose
Air Canada lost C$81 million ($59 million) in the first quarter of 2024 as higher costs related to increased capacity, and less cargo revenue, weighed on the company.
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NewsIATA’s Walsh blasts Germany for ‘unhealthy obsession’ with aviation taxes
IATA has blasted the German government for a rise in aviation taxes that went into effect on 1 May.
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NewsAvianca turns first-quarter profit as passenger revenue rises and cargo sags
Colombia’s Avianca reported a $13 million profit in the first quarter, reversing last year’s $12 million loss for the first three months of the year.
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NewsSwiss first-quarter profit slips as yields decline and costs rise
Swiss International Air Lines cites lower yields, a weaker cargo business, inflation and higher fuel and personnel costs contributed to lower profit for the first quarter of 2024.
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NewsJoby completes construction of second prototype aircraft, destined for USAF
Joby Aviation has completed construction of its second prototype production aircraft and broken ground on an expansion of its production line in Marina, California.
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NewsVolocopter may need to ‘consider insolvency’ in near future: reports
German media have reported that advanced air mobility developer Volocopter’s bid to gain up to €100 million ($107 million) in government loan guarantees has failed, putting the late-stage start-up in a precarious financial situation.
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NewsAzul will add 13 Embraer E195-E2 jets to its fleet this year
Brazilian carrier Azul will add 13 new Embraer 195-E2 jets to its fleet in 2024, representing an investment of R3 billion ($590 million).
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NewsNew US rule requires airlines to refund passengers for ‘significant’ delays
The US government has issued a new consumer-friendly rule on how and when airlines must refund travellers if their flight itineraries are ”significantly” altered, their luggage is lost, or ancillary services are not delivered.
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NewsVolaris remains ‘sceptical’ of Pratt & Whitney progress on GTF engines, says CEO
Mexican ultra-low-cost carrier Volaris is facing an uphill battle in 2024 as it deals with a capacity shortfall caused by a substantial part of its Pratt & Whitney-powered narrowbody fleet being out of service for much of the year.
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NewsVolaris squeezes out $33m first-quarter profit despite capacity cut due to GTF groundings
Mexican ultra-low-cost carrier Volaris has disclosed a first-quarter profit of $33 million – its first since 2019 – as the company kept a sharp eye on costs and despite the hit to capacity caused by the enforced grounding of Pratt & Whitney geared turbofan (GTF)-powered aircraft.
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NewsDrone incursions stopped Frankfurt airport traffic twice in 2023
Fraport, the operator of Frankfurt airport, one of continental Europe’s busiest, says that air traffic had to be completely halted on two days in 2023 due to drone incursions around the airfield.
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In depthPipistrel delivers first four Velis Electro airframes to US customers
Slovenian aircraft maker Pipistrel recently delivered the first four Velis Electro fully-electric aircraft to US customers under a Federal Aviation Administration airworthiness exemption that allows the aircraft to be used in flight training for the first time.
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NewsVoltAero targeting maiden flight of Cassio 330 ‘at year-end’, says CTO Botti
French hybrid-electric aircraft developer VoltAero is maintaining its end-2025 goal for certification of its five-seat Cassio 330 as it gears up for a busy year of testing, including a hotly anticipated maiden sortie.