All Air Transport articles – Page 4
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NewsEl Al details results of capital raise from share offering
Israeli flag-carrier El Al has completed that it will issue 92 million shares and an equivalent number of warrants following a public offering. It puts the gross consideration for the allocated shares at around 510 million shekels ($139 million). El Al adds that the future consideration if all warrants are ...
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NewsPanel urges FAA to revise pilot mental-health oversight in bid to boost disclosure
A new report urges the Federal Aviation Administration to tweak how it addresses mental health issues among pilots and air traffic controllers, saying the current scheme can discourage workers from disclosing such problems.
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NewsUPS wins contract to be USA’s primary air mail carrier over FedEx
Shipping and logistics giant UPS has secured a contract to become the primary air cargo carrier for the US Postal Service (USPS), marking the end of rival FedEx’s 20-year run in that role.
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NewsCargo 727 landing in South Sudan crashes into MD-82 wrecked in previous accident
All seven occupants of a Boeing 727 freighter have survived after the aircraft crashed into the wreckage of an aircraft which had itself suffered a landing accident two months ago.
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NewsSurf Air Mobility delays certification of electric powertrain for Grand Caravan
US regional aviation start-up Surf Air Mobility has pushed back its target date for certification of its in-development electric powertrain to 2027.
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NewsNorse Atlantic rolls dice on Las Vegas as US expansion continues
Norse Atlantic Airways will add Las Vegas to its US map in September, amid a network shift to boost profitability.
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NewsFlydubai to bring first international services to new Red Sea airport
United Arab Emirates carrier Flydubai is preparing to become the first airline to operate international services to the new Red Sea airport in Saudi Arabia.
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NewsLynx Air and Boeing agree to terminate 737 Max purchase deal
Canadian operator Lynx Air has reached a formal agreement with Boeing to cancel a large aircraft purchase deal, following the airline’s cessation of operations in February. The original deal dates back to October 2015 and covered the purchase of 40 aircraft plus the lease of six more. According to court ...
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NewsTus Airways’ ownership split three ways after investment transaction
Cypriot-based Tus Airways’ ownership has been equally split three ways, following completion of an investment transaction by a third party. Tus Airways had previously been owned by Global Knafaim Leasing and US entrepreneur Kenneth Woolley, with Woolley holding a stake of slightly over 50%. But Global Knafaim states that a ...
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NewsEASA transitioning to new leadership in April
Transition to new leadership at the European Union Aviation Safety Agency will take place on 1 April, when Florian Guillermet formally takes up the post of executive director. Guillermet was identified as the successor to interim chief Luc Tytgat in December last year although a timeline had still to be ...
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In depthRevamped Britten-Norman eyes brighter future as it seeks to emerge stronger from recent ‘trauma’
UK aircraft manufacturer Britten-Norman is hopeful that a sweeping business restructuring combined with a fresh working capital injection from its new owners will enable a return to financial stability and allow it to target future growth.
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NewsCorsair participates in Thales-led consortium developing pilot-behaviour evaluation method
French leisure carrier Corsair is participating in a consortium, led by aerospace firm Thales, which aims to develop a new methodology for evaluating pilot behaviour. The project, known as ‘Perceval’, is a response to changes in training programmes, notably the introduction of evidence-based training. Evidence-based training concentrates on assessing core ...
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NewsSAS’s parent company formally seeks Swedish re-organisation
Scandinavian carrier SAS’s parent company, SAS AB, has formally filed for re-organisation in Sweden, a measure previously indicated during SAS’s proceedings under US Chapter 11 protection. Successful completion of this re-organisation is a condition for the airline’s Chapter 11 plan, which recently secured US bankruptcy court approval. The company requires ...
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NewsBombardier ceases aircraft production at historic Toronto Downsview site
Bombardier has wrapped up all aircraft assembly work at its Downsview facility in Toronto, closing a chapter in the history of a now largely residential site that had hosted aerospace manufacturing for nearly a century.
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NewsIceland’s Play to open public share offering window in April
Icelandic budget carrier Play will aim to raise up to IcKr500 million ($3.6 million) in a public offering next month, to support funding already promised under subscription commitments. The airline will open the offer period on 9 April and it will run to 11 April. Play is prepared to issue ...
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NewsUK’s Jet2 to open Bournemouth base next year
UK leisure carrier Jet2 is to establish a new base at Bournemouth, on the south coast, and unveiled a batch of destinations to be served in summer next year. The decision brings the number of UK bases for the holiday airline to 12. Jet2 says it will initially base two ...
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NewsSouthwest 737 diverts after misaligned approach to LaGuardia
Clarity has yet to emerge as to why a Southwest Airlines Boeing 737-800 was not aligned with the runway during final approach to New York LaGuardia, following a service from Nashville.
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NewsSupernal’s new chief technology officer David McBride to lead air taxi development
Hyundai Motor Group subsidiary Supernal has appointed NASA veteran David McBride as chief technology officer, tasking him with leading the development and certification of the company’s proposed electric air taxi.
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NewsBoeing management overhaul could spark real change – or bring more of the same
The broad management shake up disclosed on 25 March by Boeing might hold a chance of finally setting the embattled company on a real recovery path. The challenge, however, lies in the tricky fact that many of Boeing’s troubles originate not in its corporate suites, but rather on the floors of its factories.
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NewsXTI Aerospace seeks performance edge over eVTOLs with jet-fuel-burning TriFan 600
New aircraft developer XTI Aerospace has chosen a development path unconstrained by current battery technology as it seeks to outperform the pack of electric vertical take-off and landing (eVTOL) aircraft by offering greater range, speed and payload.