All Air Transport articles – Page 279
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NewsCroatia Airlines trims losses but first-quarter bookings remain weak
Croatia Airlines has managed to reduce first-quarter operating losses to Kn86.2 million ($13.9 million) compared with the previous figure of Kn95.7 million. Its revenues for the period more than halved to Kn113.6 million. The company says the beginning of the year has been “weaker than expected”, with travel reservations still ...
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NewsLuxair expecting gradual summer recovery after heavy full-year losses
Luxair is expecting a gradual resumption of activities for the summer season, but has revealed the effect of the crisis on its financial performance with a full-year operating loss of nearly €160 million ($194 million). The company recorded a 57% fall in revenues to €263 million. Operating losses for the ...
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NewsJazeera and Air Arabia experience contrasting first-quarter fortunes
Kuwaiti budget carrier Jazeera Airways has turned in a first-quarter loss while Sharjah low-cost operator Air Arabia managed to achieve a net profit in the same period. Jazeera Airways is proposing a rights issue of KD10 million ($33 million) to improve its liquidity position, after posting a net loss of ...
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NewsArlington Capital buys Triumph’s aerostructures sites, names business ‘Qarbon’
Triumph Group has completed the divestment of three aerostructures manufacturing sites to private equity company Arlington Capital Partners, which has renamed the businesses Qarbon Aerospace. The deal closed on 10 May, around nine months after it was disclosed by Pennsylvania firm Triumph and Maryland-based Arlington Capital. The companies have not ...
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NewsRolls-Royce UltraFan receives first intermediate compressor case
Rolls-Royce has taken delivery of the first UltraFan engine demonstrator’s intermediate compressor case. The structure has been produced by GKN Aerospace at its Swedish facility. UltraFan is a high-bypass engine being developed by Rolls-Royce for large civil aircraft applications from the middle of this decade, and is intended to improve ...
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NewsEl Al financing agreement with Israeli state clears final hurdle
Israeli flag-carrier El Al’s financing agreement with the state has entered into effect, after the final condition – a government approval on the main points of the deal – was met. Several conditions had been outlined when the agreement was detailed in March, among them approval from the boards of ...
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NewsAirbus chief sees single-aisle ‘triopoly’ with China as early as end-decade
Airbus chief executive Guillaume Faury believes its single-aisle duopoly with Boeing could transform into a three-way competition by the end of the decade if China progresses strongly with its Comac C919. Speaking during the Atlantic Council EU-US Future Forum on 6 May, Faury said such a development was “not an ...
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NewsS7 overtakes Aeroflot in first quarter after riding domestic wave
S7 Airlines emerged as the largest passenger carrier in Russia over the first quarter of this year, tipping Aeroflot off the top slot, according to the country’s official civil aviation figures. Federal air transport regulator Rosaviatsia states that S7 carried 3.56 million passengers over the three-month period compared with Aeroflot’s ...
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NewsAvelo plans US East Coast expansion with New Haven base
Recently launched US start-up Avelo Airlines will expand to the US East Coast this year with flights from Tweed New Haven airport in Connecticut.
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NewsBombardier makes first-quarter loss but hopes worst of downturn ‘behind us’
Bombardier’s operating business lost $251 million in the first quarter of 2021, but the company’s chief executive insists the aerospace industry has turned a corner and that an upswing is under way.
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NewsEl Al scraps 737-800 sale-and-leaseback plan
Israeli flag-carrier El Al has dropped plans to enter a sale-and-leaseback transaction for three Boeing 737-800s with an undisclosed foreign company. El Al had stated in April last year that it signed a memorandum of understanding covering the deal for the three aircraft, all manufactured in 2009. The airline has ...
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NewsPilots concerned over increasing space threat as heavy Chinese booster re-enters
North American airline pilot association ALPA International is expressing concern that there is no formal process to warn commercial crews of the increasing risks posed by space debris re-entering the atmosphere. It has issued its own caution over the uncontrolled re-entry of a large booster stage of the Chinese Long ...
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NewsAcubed CEO Cousin takes engineering job at Universal Hydrogen
Mark Cousin, who has been chief executive of Airbus innovation arm Acubed, is leaving that company to be vice-president of engineering at hydrogen-fuel development start-up Universal Hydrogen.
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NewsSpirit AeroSystems loses $171m in first quarter on back of 787 and A350 costs
A $72 million charge against two key widebody aircraft programmes, combined with other pandemic-related expenses, pushed Spirit AeroSystems to a $171 million loss in the first quarter of 2021, against a loss of $163 million in the same period of 2020.
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NewsSATA state support approved but probe continues into earlier measures
Portuguese carrier SATA Air Acores has been cleared to take government compensation and liquidity support worth over €267 million ($320 million), but a previous investigation into suspected illegal support measures is being extended. European Commission regulators have cleared a €12 million state grant to SATA Air Acores, as compensation for ...
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NewsCrew of 737 cleared for take-off while inspection vehicle occupied Porto runway
Portuguese authorities have opened an investigation after a Boeing 737-400F was cleared for take-off on a Porto runway occupied by an inspection vehicle. The aircraft, operated by ASL Airlines Belgium on behalf of FedEx, had been accelerating along runway 35 at night on 27 April. Portuguese investigation authority GPIAAF estimates, ...
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NewsCorrosion caused by storage prompts FAA to order Leap-1B checks
The Federal Aviation Administration is requiring airlines perform checks to prevent storage-induced corrosion issues involving CFM International Leap-1B engines.
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NewsTurkish Airlines heavily reduces first-quarter losses
Turkish Airlines managed to contain first-quarter operating losses to $72 million, a substantial improvement on the $300 million loss for the same period last year. The airline even generated a $61 million net profit for the first three months. Turkish Airlines’ revenues for the quarter remained down by 29% at ...
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NewsIsrael Aerospace to set up 777 freighter conversion line in Seoul
Israel Aerospace Industries is intending to establish a Boeing 777 passenger-to-freighter conversion facility in South Korea, specialising in both -200LR and -300ER modification. The company has reached a preliminary agreement with Sharp Technics K and Seoul’s Incheon airport regarding the plan. IAI says it aims to convert six 777s annually ...
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NewsNorwegian outlines NKr6bn capital increase for restructuring
Scandinavian budget carrier Norwegian is looking to raise up to NKr6 billion ($725 million) as part of its broad restructuring plan, following court approvals of arrangements to exit examinership processes. Norwegian has reduced debt and cancelled large numbers of aircraft orders during the restructuring, and is looking to emerge with ...