All aerospace news – Page 243
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NewsBombardier turns $139m Q2 profit as business-jet demand rebounds
Bombardier swung to a $139 million profit in the second quarter of 2021 and has upped its full-year 2021 earnings estimates amid a bump in deliveries of and demand for new business jets.
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NewsBombardier still ‘assessing’ stalled Global 8000 programme
Bombardier continues to study the feasibility of developing the Global 8000 business jet, but executives express no indication they are any closer to green lighting the long-stalled large-cabin jet programme.
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NewsRolls-Royce encouraged by rebound of domestic large-engine flying levels
Rolls-Royce has disclosed that large-engine flying hours over the first half remained 57% down on 2019, but showed improvement on the 66% reduction recorded in the second half of 2020. The company also reveals that large-engine flying on domestic routes lifted above 2019 levels in May, and that for business ...
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NewsRolls-Royce in talks with Bain-led consortium over ITP Aero divestment
Rolls-Royce has entered exclusive negotiations over the potential divestment of its Spanish-based aerospace turbine operation ITP Aero with a consortium led by investment firm Bain Capital. ITP Aero was acquired by Rolls-Royce four years ago, turning it into a wholly-owned subsidiary after picking up the majority shareholding of the venture ...
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NewsFatal paragliding accident inquiry warns over helicopter wake strength
French investigators have warned that the wake turbulence from helicopters can be worse than that from similar-sized aircraft, following the probe into a fatal accident involving a paraglider. The Airbus Helicopters EC135, with a medical crew of four, had been called on 11 May 2019 to assist an injured person ...
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NewsKorean Air enters urban air mobility R&D pact
Korean Air, Incheon International Airport Corporation (IIAC), and the Korea Aerospace Research Institute (KARI) have entered an agreement to explore urban air mobility (UAM) management.
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NewsST Engineering incorporates freighter leasing venture
Singapore’s ST Engineering has disclosed more details about its joint venture specialising in dedicated freighter leasing, following the latter’s incorporation.
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NewsMitsubishi Heavy aerospace business ekes out quarterly profit
Mitsubishi Heavy Industries’ (MHI) aircraft, defence and space unit returned to the black in its first-quarter financial results, despite slightly lower revenue.
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NewsHydroplaning and crew error caused 2019 Miami Air 737 overrun at Jacksonville
Loss of braking due to hydroplaning, shortcomings by Miami Air International and errors by one of its captains caused a Boeing 737-800 to overrun a Jacksonville runway on 3 May 2019. That is according to the National Transportation Safety Board (NTSB), which released its final accident report on 4 August.
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NewsChorus Aviation agrees to lease two Dash 8s to hopeful US start-up Connect Airlines
Canadian aircraft lessor Chorus Aviation Capital has reached deals to lease two De Havilland Canada Dash 8-400 turboprops to the company working to launch a US carrier called Connect Airlines.
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NewsSpirit AeroSystems loses $135m in Q2, citing new 787 issue
Spirit AeroSystems lost $135 million in the second quarter of 2021, reflecting reduced production of aircraft components and a $46 million forward loss on the company’s Boeing 787 work.
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NewsBoeing 737 Max en route to China for certification work
A Boeing 737 Max 7 took off from Seattle on 4 August and is headed to China, where the jet will participate in work related to that country’s 737 Max certification, an industry source says.
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NewsSingapore weighing up SAF use and production
Singapore is reviewing the operational and commercial viability of using and producing sustainable aviation fuels (SAF).
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NewsUS business travel could hit 80% of 2019 levels by end-2022, pandemic effects could last longer: report
US corporations’ travel spending will likely inch up to 25-35% of 2019 levels by the end of 2021 and up to 80% by the end of 2022 – though full recovery depends on how significantly the pandemic changed corporations’ view of business travel.
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NewsSouth Korea tweaks pilot training amid weak hiring demand
South Korea has tweaked its pilot training programme, in response to the prolonged coronavirus pandemic, which has dampened hiring prospects.
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NewsUS export bank backs Turkish Airlines’ $833m purchase of Boeing jets
The USA’s export-credit agency has agreed to guarantee $833 million in financing for the acquisition by Turkish Airlines of an undisclosed number of Boeing 737 Max and 787s.
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NewsParker Hannifin to acquire Meggitt as aerospace merger activity resumes
Aerospace mergers are back, with US manufacturer Parker Hannifin revealing plans to nearly double the size of its aerospace systems business by acquiring UK-based aerospace company Meggitt for £6.3 billion ($8.8 billion) in cash.
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NewsGMF AeroAsia eyes profitable 2021 as full-year losses widen
GMF AeroAsia hopes to capture a larger share of non-aviation maintenance work in the medium term, as it targets a return to profitability this year.
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NewsBombardier reaches deal with union three days into Downsview strike
Three days after a strike began, Bombardier has reached an employment deal with the union representing employees at its Global business jet manufacturing site in the Downsview section of Toronto.
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In depthGE Aviation ‘buttoning up’ Catalyst flight approvals, eyes applications besides Beechcraft’s Denali
GE Aviation is awaiting European certifications needed to begin flight testing its Catalyst turboprop, and aims to achieve first flight – which was to have occurred last year – in the coming months.