All Air Transport articles – Page 4
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NewsIcelandair revisits hedging as fuel prices weigh on financial figures
Icelandair Group has started rebuilding a fuel-hedging position, suspended during the pandemic, as it notes the effect of fuel prices on its first-quarter performance. The company has turned in a pre-tax loss of $62.5 million and a net loss of nearly $50 million for the three months to 31 March. ...
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Embraer swings to Q1 loss, cites one-month production stoppage
Brazilian airframer Embraer lost $32 million in the first quarter of 2022, logging steep declines in military, executive and commercial aircraft revenue.
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Comac aircraft not an ‘investable asset’ for Avolon - at least in the short term: Slattery
Chinese airframer Comac may have to wait several more decades before Western lessors back its aircraft, but that point will nonetheless definitely arrive, says Avolon’s chief executive.
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Textron Aviation’s Q1 profit jumps amid increased aircraft deliveries
Textron Aviation’s first-quarter profit more than doubled year-on-year to $121 million, with the company delivering more aircraft and reporting solid gains in aftermarket revenue.
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Russia’s jet theft may push up lease rates for emerging markets: Avolon chief Slattery
Avolon believes the fall-out from the leasing industry’s exposure to the Russian market could see airlines in emerging markets paying higher rates for leased aircraft.
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In depth
Ampaire on a charge: how electric propulsion developer plans to go it alone
Collapse of acquistion by Surf Air Mobility has not deterred US powertrain start-up from goal of revolutionising regional air transport, as it gears up for flight testing of a converted Cessna Grand Caravan and eyes future product roadmap.
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Czech firm acquires L-410 manufacturer Aircraft Industries from Russian owners
Czech defence electronics and aviation technology company Omnipol Group has agreed to acquire the entirety of the aerospace firm Aircraft Industries from its Russian owners. Russian mining entity UGMK has controlled the company since 2008 when it acquired a 51% share of the firm, which produces aircraft including the L-410 ...
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Probe into 777-300ER 'control instability' finds no evidence of inconsistent response
French investigators probing the control instability experienced by an Air France Boeing 777-300ER on final approach to Paris Charles de Gaulle have found no inconsistency between the pilots’ control inputs and the movement of the aircraft. The aircraft, arriving from New York JFK on 5 April, had been conducting an ...
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Profitable Cargolux foresees continued capacity strain on trade
Cargolux has generated a full-year pre-tax profit of $1.7 billion for 2021, but it warning that global trade is likely to suffer from the effects of the pandemic and the geopolitical situation in Ukraine. Pressure on supply chains will continue, the Luxembourg-based freight carrier states, with border restrictions still in ...
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EasyJet to help drive GKN hydrogen propulsion projects
UK carrier EasyJet could be the first airline to trial a pair of hydrogen propulsion systems being developed by GKN Aerospace under a new pact between the companies.
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Aeroflot board set to discuss increasing company’s share capital
Aeroflot Group’s board is to hold a meeting at which the directors will discuss increasing the authorised share capital of the company. The board meeting is set to take place on 29 April, the airline has disclosed. Its agenda includes amending articles of association for the company and determining the ...
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Boeing’s undelivered 737 Max backlog still stands at 320 jets
Boeing lost $1.2 billion in the first quarter of 2022 and has made limited progress in divesting hundreds of stored 737 Max and 787s.
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Boeing CEO sees chance for exemption from Max 10 cockpit alert update
Boeing’s chief executive thinks the company has a solid chance of securing an exemption for its 737 Max 10 from new certification regulations that are due to take effect in December.
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Archer and United form advisory committee for eVTOL operations
Archer Aviation and United Airlines have formed a joint electric vertical take-off and landing (eVTOL) advisory committee for the future air taxi operations.
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UK’s ATI outlines trio of investment priorities to hit net-zero targets
Research and technology funding through the UK’s Aerospace Technology Institute (ATI) will be prioritised across three areas to keep the sector on track to achieve net-zero emissions by 2050.
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First Gulfstream G700 delivery could be six months late
Gulfstream’s first G700 delivery could slip three to six months beyond the end of 2022 due to a newly required intensive review of the jet’s software.
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Boeing submits 787 ‘certification plan’ to FAA, recovery timeline uncertain
Boeing has completed rework to some undelivered 787s and submitted a “certification plan” to the Federal Aviation Administration, though when Boeing might resume 787 deliveries remains unclear.
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Boeing delays 777-9 first delivery by two years, until 2025
Boeing has delayed first delivery of its 777-9 by up to two years, until 2025, dealing another blow to the long-delayed programme.
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ITA Airways could operate CityAirbus NextGen in Italy under UAM pact
Airbus and ITA Airways are to explore the potential for urban air mobility (UAM) services in Italy, which could eventually see the flag carrier operating the CityAirbus NextGen electric aircraft, which is currently in development.
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Airbus and Qatar Airways wrestle over right to resell rejected A350s
Among the legal jousts between Airbus and Qatar Airways arising from their court clash is an attempt by the airline to prevent the airframer from reselling A350s built for the carrier but individually cancelled after Qatar’s refusal to take delivery. Airbus has been cancelling A350s which had been completed and ...
