All Air Transport articles – Page 96
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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software specialist Microsoft to recover essential financial data, after records were deleted when user access was withdrawn.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.
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NewsIndian airports to be checked for structural safety after fatal Delhi terminal roof collapse
India’s civil aviation minister indicates that the government is set to check airports throughout the country after the fatal collapse of a terminal roof at Delhi’s Indira Gandhi international airport – the second airport structural incident in the space of two days.
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NewsGeneva airspace restored to full capacity after rainfall flood at air traffic centre
Swiss air navigation service Skyguide has restored full capacity to Geneva airspace, more than two days after flooding disrupted operations an air traffic management control centre. Skyguide says the flooding, following a heavy thunderstorm on 25 June, affected the facility’s data centre and, specifically, the cooling systems. The risk of ...
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NewsIcelandair prepares for Airbus arrival with simulator acquisition
Icelandair is reinforcing its training regime ahead of introducing Airbus single-aisle jets with an A320neo-family simulator.
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NewsDelta and SAS plan far-reaching codeshare deal
Delta Air Lines and Scandinavian carrier SAS plan to launch a broad codeshare arrangement under which they will jointly sell flights across their combined network.
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NewsBoom founder seeks patent for future supersonic propulsion system
The application seeks protection for a unique propulsion architecture Boom CEO Scholl says could power a supersonic passenger aircraft coming after the company’s now-in-development design, called Overture.
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NewsUS NTSB penalises Boeing after it ‘blatantly violated’ investigation rules
The US National Transportation Safety Board (NTSB) says Boeing “blatantly violated NTSB investigative regulations” when it publicly disclosed information relevant to the investigation of the 5 January Alaska Airlines Boeing 737 Max 9 door-plug blowout.
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NewsAir India hikes capacity to London Heathrow with A350 deployment
Air India is to increase capacity on the Delhi-London Heathrow route by deploying its new Airbus A350-900s on the sector from September. The airline operates a mix of Boeing 777-300ERs and 787-8s on the route. But from 1 September, it states, 14 of its 17 weekly flights will be operated ...