All Air Transport articles – Page 69
-
NewsNasdaq stock exchange to delist Lilium following insolvency filings
The Nasdaq stock exchange will halt trading of financially embattled air taxi developer Lilium’s shares after 5 November, a move coming in response to insolvency filings for two of the German company’s main subsidiaries.
-
NewsFinnair to re-introduce A330s deployed under Qatar Airways co-operation
Finnair intends to re-introduce a pair of redeployed Airbus A330s to its own network when a Qatar Airways co-operation agreement ends early next year.
-
NewsJetBlue swings to $60m third-quarter loss but points to improving financial trends
JetBlue Airways lost $60 million in the third quarter of 2024 but insists its turnaround plan is yielding results, citing improving cost and revenue trends.
-
NewsFinnair maintains full-year outlook despite lower third-quarter performance
Finnair is maintaining its forecast for full-year profit, despite a lower third-quarter performance as the post-pandemic traffic surge eased. The carrier has reiterated its revenue outlook of €3-3.2 billion ($3.2-3.4 billion) and has narrowed its comparable earnings range to €120-170 million. It is also sticking with plans to achieve an ...
-
NewsSmartLynx secures US authorisation for Latvian fleet operations
Wet-lease specialist SmartLynx Airlines has secured broader authorisation to conduct US operations, with approval of its Latvian division. SmartLynx has operated US services under its Maltese air operator’s certificate since 2019. But the US FAA has since conducted an audit of the Latvian air transport regulator. SmartLynx says that, following ...
-
NewsSAA chair: South African domestic market strong despite Mango absence
South African Airways’ chairman is uncertain whether budget carrier Mango will be revived, but believes that the country’s domestic market is strong and signals that SAA is more focused on regional and intercontinental services.
-
NewsCzech Airlines drops out of SkyTeam as Smartwings takes over flight operations
Czech Airlines has ceased to be a member of the SkyTeam alliance, following a change to the company’s business model that involves associate airline Smartwings taking over its operations. SkyTeam says the carrier’s membership ended effective 26 October. As a result of the structural change, Czech Airlines will no longer ...
-
NewsTextron trims 2024 financial estimates due to machinists’ strike, delivery slowdown
Executives cut $500 million off Textron Aviation’s expected 2024 revenue following month-long walkout by machinists
-
NewsSAA striving to recover R1bn from Zimbabwe as it seeks funds for development
South African Airways is keen to recover some R1 billion ($59 million) in funds from a Zimbabwean legacy debt, but admits it has achieved only minimal success. The carrier’s senior management appeared before a parliamentary public accounts committee on 22 October, laying out the need to source funding after a ...
-
NewsSAA floats possibility of selling Heathrow slots to fund fleet expansion
South African Airways has raised the possibility of selling slots at London Heathrow in order to help address the airline’s financial pressures. SAA is government-owned and has been forced to revise its business strategy after a long-running attempt at privatisation collapsed earlier this year. The carrier’s chair, Derek Hanekom, told ...
-
NewsMoody’s thinks Boeing still has negotiating room with union as cash crunch continues
Boeing faces the prospect of losing billions more dollars in the fourth quarter and may need to accelerate efforts to raise cash after machinists on 23 October voted down another of the company’s contract offerings.
-
NewsIceland’s Play slashing hub-and-spoke activity as it shifts to new model
Icelandic budget carrier Play expects to slash the proportion of hub-and-spoke operations in its activity from 75% to just 30% as it adopts a new business model. Leisure travel will account for 35% – up from the current 25% – while charter and wet-lease services will account for the remaining ...
-
NewsLilium faces insolvency as cash crisis deepens
Lilium’s main German operating subsidiaries are to file for insolvency amid an ongoing cash crisis at the electric air taxi developer.
-
NewsTUI 737 excursion crew could have kept aircraft on Leeds runway: investigators
Pilots of a Boeing 737-800 involved in a landing excursion in wet conditions at Leeds-Bradford could have kept the jet on the runway, investigators believe, but might have been influenced by unexpected juddering from a nose-wheel bearing failure. The TUI Airways aircraft had been arriving from Corfu, in stormy weather, ...
-
NewsA220 operators told to upgrade flight-control software to address ’design deficiencies’
Airbus A220 operators are being instructed to install a new production baseline software for flight-control computers to remedy a number of deficiencies reported on in-service aircraft. The upgrade is required for all three flight-control computers on the twinjet type, states a Transport Canada directive. Its mandate follows occurrences of nuisance ...
-
NewsAll systems VerdeGo for hybrid-electric powerplant developer
Florida-based VerdeGo Aero is upping the pace of developing and testing its hybrid-electric powerplants, as civilian and military interest in the next generation of flight propulsion takes off.
-
NewsProduction troubles push Spirit AeroSystems to $447m loss in third quarter
Aerostructures producer Spirit AeroSystems lost $477 million in the third quarter of 2024 due largely to significant charges taken by the company against several of its financially troubled aircraft programmes.
-
NewsFAA’s eVTOL rule sets safety ‘baseline’ but flight limitations remain unclear
While electric aircraft manufacturers insist they are close to certificating their designs, uncertainty abounds about operating limitations and how the aircraft will be integrated into complex airspace.
-
NewsBoeing chief: Change and stability essential to create ‘path to next commercial aircraft’
Boeing’s chief executive Kelly Ortberg has stressed that the company needs fundamental cultural change, and cannot embark on new aircraft development until it has stabilised its business and improved programme execution. Ortberg spoke as the airframer – pressured by strike action, programme delays and charges, and quality-control issues – turned ...
-
NewsGE closes on certification for latest Leap durability upgrade
GE Aerospace is confident that it will shortly secure approval for a new high-pressure turbine (HPT) blade with better durability for the Leap-1A powerplant it produces as part of the CFM International joint venture.