All Air Transport articles – Page 280
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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 ...
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NewsNigeria’s Azman Air cleared to resume 737 flights after safety audit
Nigerian authorities have lifted a suspension order against local carrier Azman Air after it implemented a corrective plan to address safety matters, the airline states. The suspension affected Azman’s Boeing 737 fleet and was imposed in mid-March after several incidents involving the undercarriage of passenger flights, each of which involved ...
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NewsFlydubai counts full-year cost of crisis disruption and Max grounding
Middle Eastern carrier Flydubai has turned in a full-year loss of Dhs713 million ($194 million), but believes its business fundamentals remain strong. The airline’s revenues halved to Dhs2.8 billion in the 12 months to 31 December 2020. Flydubai says its operations were “severely curtailed” for 14 weeks, from 24 March ...
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NewsPerlan plans for 2021 flights following loss of ‘compass’ Enevoldson
Einar Enevoldson was the legendary test pilot behind a project that has flown sailplanes to altitudes exceeding 70,000ft, capturing records and advancing high-altitude scientific research.
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NewsIcelandair Group reaches tentative agreement to sell tour operator
Icelandair Group and tour specialist Nordic Visitor have reached a heads-of-terms agreement over the sale of the group’s entire shareholding in tour operator Iceland Travel. The company, which wholly-owns Iceland Travel, disclosed earlier this year that it would divest the division as part of its focus on core flight operations. ...
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NewsSafran eyes interiors rebound after sluggish start to year
Safran is hopeful that its interiors business is poised for recovery as the year progresses after an “extremely weak” first quarter.
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InterviewSteven Udvar-Hazy on the pandemic, environment and airline market recovery
In an exclusive video interview with FlightGlobal, Air Lease executive chairman Steven Udvar-Hazy gives his insight on how the pandemic and environmental pressures are changing the airline industry, when the market might return to some kind of normality and the challenges and opportunities that lie ahead for Airbus and Boeing in future aircraft development.
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NewsGlimmers of optimism for US MRO sector, recovery pace unclear
The Covid-19 pandemic has jumbled the aircraft maintenance and repair industry, driving down prices for some aircraft components and leaving MRO shops reeling from depressed demand.
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NewsCargo proves strong as Icelandair awaits passenger traffic recovery
Icelandair Group has highlighted cargo activity as a strong performance area in the first quarter, a period in which the company generated a net loss of just over $30 million. Revenues for the first three months of the year reached $57.3 million, a decline of 73%, but the company points ...
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NewsTransat secures C$700m in government aid
Transat, the parent company of Canadian leisure carrier Air Transat, has reached a deal to borrow up to C$700 million ($569 million) from the Canadian government.
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NewsEmbraer delays E175-E2 service entry one year
Embraer has delayed the E175-E2’s service entry by one year, until 2024, saying it is continuing certification work on the regional jet, but on a revised timeline.
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NewsEmbraer narrows Q1 loss, takes order for 30 E-Jets
Brazilian airframer Embraer says it is confident of the company’s post-coronavirus future after posting higher sales and a smaller loss for the first quarter of the year.
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NewsAirbus signals intention to address ‘weak’ presence in freighter market
Airbus has signalled that it intends to reinforce its participation in the freight sector, after admitting that it has a relatively poor presence in the market. The airframer only has a single dedicated freighter, the A330-200F, in its aircraft range, having previously ceased production of the older A300-600F and opting ...
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NewsAirbus yet to decide on future of Cadiz aerostructures site
Airbus is yet to clarify the future of its Spanish plant at Puerto Real in the Cadiz region, following the decision on re-organisation of its aerostructures business in France and Germany. The Puerto Real facility depends heavily on twin-aisle production, manufacturing horizontal stabiliser boxes for the Airbus A350 and A330 ...
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NewsAirbus commercial aircraft earnings improve over first quarter
Airbus’s commercial aircraft earnings improved over the first quarter, despite a 4% fall in revenues for the division. The airframer turned in EBIT earnings of €343 million ($416 million) for the three months to 31 March, on revenues of €7.27 billion. Its adjusted EBIT reached €533 million, compared with the ...
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NewsSpirit AeroSystems acquires MRO provider Applied Aerodynamics
Aerostructures manufacturer Spirit AeroSystems has acquired US composites MRO provider Applied Aerodynamics.
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NewsNew aircraft efficiency will rely less on propulsion, more on engineering: Boeing CEO
Boeing chief executive David Calhoun believes that the next generation of aircraft will distinguish themselves by the way they are engineered and constructed, rather than through increasingly efficient engines alone.