All Air Transport articles – Page 87
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NewsNorwegian cuts full-year profit outlook over softer traffic and higher costs
Scandinavian budget carrier Norwegian has revised downwards its full-year operating profit forecast, to NKr2.1-2.6 billion ($199-246 million) – including the contribution from newly-acquired regional operator Wideroe.
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NewsPlay names former Bluebird Nordic executive as finance chief
Icelandic budget carrier Play has named Ruta Dabasinskaite-Vitke as its new chief financial officer, succeeding Olafur Thor Johannesson.
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NewsAmerican Airlines deepens backing for ZeroAvia
American Airlines has placed a conditional order for up to 100 units of ZeroAvia’s ZA2000RJ hydrogen fuel cell powertrain, while also deepening its investment in the advanced propulsion developer through participation in the company’s Series C fundraising round.
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NewsFormer Avianca fleet director to head start-up Avion Express Brasil
Wet-lease specialist Avia Solutions Group has appointed a chief executive for its Latin American start-up Avion Express Brasil.
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NewsTurkish Airlines orders four more Boeing 777 freighters
Turkish Airlines has ordered four more Boeing 777 freighters, taking to a dozen its firm commitments for the type.
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NewsIstanbul airport chief urges industry collaboration as work on triple-runway operations progresses
Istanbul airport chief executive Selahattin Bilgen is calling for greater industry co-operation to achieve more efficiency gains, as it continues participating in a programme aimed at introducing independent triple-runway operations at the airport.
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NewsQatar Airways Group generates strong full-year net profit
Qatar Airways Group has turned in a full-year net profit of QR6.1 billion ($1.7 billion), up nearly 40%, on revenues of QR81 billion. It states that the figures amount to a record full-year performance for the company. The Doha-based airline says passenger numbers increased more than a quarter to over ...
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NewsStrategic tie-up failure and softer market put pressure on Norse Atlantic
Long-haul budget carrier Norse Atlantic Airways admits the recent failure of strategic investment talks with a potential partner has contributed to pressure on near-term liquidity. The airline says the situation has been aggravated by “softening” market conditions and lower fares, affecting revenues. It adds that it is experiencing a “tail-heavy” ...
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NewsIAG starts another round of share buy-backs to support Air Europa acquisition
British Airways and Iberia parent IAG is pursuing another share buy-back programme intended to support its proposed acquisition of Spanish operator Air Europa.
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NewsGE Aerospace extends CEO Culp’s contract until end-2027
The company’s board of directors on 30 June approved a new employment contract for Culp that extends his term as CEO and board chair until the end of 2027.
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NewsEve secures $94m in new financing
Embraer-backed urban air mobility company Eve Air Mobility has secured $94 million in fresh financing from multiple investors that will close in “the coming weeks”.
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NewsAirbus chief: Acquisition of Spirit A350 and A220 work unexpected but necessary
Airbus chief executive Guillaume Faury admits that the airframer was not expecting to be negotiating an acquisition of key aircraft programmes from beleaguered US firm Spirit AeroSystems, but insists it is necessary and that Airbus is ready to absorb them.
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NewsEmirates unveils initial routes for refurbished 777-300ERs
Middle Eastern carrier Emirates has unveiled initial destinations to which it will deploy Boeing 777-300ERs with refurbished interior. The first aircraft – out of 81 of the type to be refreshed – is undergoing the modification from 1 July. Emirates says it will offer the upgraded cabin initially on services ...
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NewsCargoLogicAir administrators wrestle to recover deleted vital records
Joint administrators of former UK-based freight carrier CargoLogicAir are pressuring software specialist Microsoft to recover essential financial data, after records were deleted when user access was withdrawn. CargoLogicAir, which operated a fleet of Boeing 747 freighters, was linked to Russian freight company Volga-Dnepr Group. Sanctions imposed over the Ukrainian conflict ...
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NewsDOJ offers 'sweetheart' plea deal to Boeing for violating Max fraud agreement: attorneys
The US Department of Justice (DOJ) is offering a settlement package to Boeing that would see the company plead guilty to fraud charges, pay a $244 million fine and be subject to continued government oversight.
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NewsUS start-up Universal Hydrogen runs out of cash and folds
US advanced propulsion developer Universal Hydrogen has burned through its cash reserves and is folding as a company.
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NewsSAS restructuring aid cleared by European Commission
Scandinavian operator SAS has secured European Commission approval for a restructuring aid package worth up to €1.3 billion ($1.4 billion) intended to support the company’s efforts to achieve long-term sustainability. SAS has been undergoing a restructuring programme – known as ‘SAS Forward’ – while under US Chapter 11 bankruptcy protection. ...
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NewsGotland partners with Elfly and Heart for sustainable flight push
The government of Gotland is to collaborate with electric aircraft manufacturers Elfly Group and Heart Aerospace to achieve a goal of starting zero-emission commercial flights to the Swedish island by 2027.
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NewsNTSB investigating Southwest 737 take-off from closed Portland Jetport runway
The National Transportation Safety Board (NTSB) is investigating an incident involving a Southwest Airlines jet that reportedly took off from a closed runway at Portland International Jetport in Maine on 25 June.
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NewsFokker Next Gen ditches hydrogen-powered F100 to focus on clean-sheet design
Fokker Next Gen has ditched plans to modify a Fokker 100 to run on hydrogen power to focus entirely on developing a clean-sheet zero-emission airliner for service entry in 2035.