All air transport news – Page 6
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NewsArcher keeps burning cash on quest for scaled air taxi operations
US air taxi maker Archer Aviation reports a third-quarter cash position significantly lower than the one it held on 30 September of last year. .
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NewsHanwha Aerospace moves engine business to Connecticut and seeks closer ties with Pratt and GE
To forge closer ties with suppliers and with prime customers Pratt & Whitney (P&W) and GE Aerospace, South Korea’s Hanwha Aerospace has moved the headquarters of its International Engine Business to Connecticut.
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NewsWheels Up loses $145m in Q3 but aims for operating profit in 2024
Charter aircraft provider Wheels Up lost $145 million in the third quarter of 2023, but executives insist a network overhaul, a partnership with Delta Air Lines and new financing position it to turn operationally profitable next year.
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NewsAeroflot Group settles aircraft claims with lessor BOC Aviation
Russian operator Aeroflot Group has settled with another lessor over its continued use of foreign-built aircraft. The company states that it has “completed” a settlement arrangement with the Irish arm of Singapore-based BOC Aviation. While Aeroflot Group has not disclosed terms, BOC Aviation states that it has received a cash ...
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NewsEl Al introduces 737 freighter as conflict disrupts passenger operations
El Al is expecting that the negative impact of the Israel-Gaza conflict is likely to persist into the first quarter of 2024. The flag-carrier states that there has been a decline in the demand in future flights as a result of the month-old conflict. El Al says it has increased ...
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In depthJoby bucks competitors by pushing adoption of its ‘universal’ electric charging system
US air taxi maker Joby Aviation is pushing for the electric aviation sector to adopt its system for charging aircraft rather than the automotive-based standards recently proposed by competing start-ups Archer Aviation and Beta Technologies.
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NewsLeonardo targets improved contract terms from Boeing for 787 work
Boeing could be facing more cost increases on the 787 programme after aerostructures supplier Leonardo indicated that it was seeking to follow Spirit AeroSystems’ lead and renegotiate its current contract with the airframer.
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NewsUral A320 forced-landing crew made ‘unreasonable’ decision to divert: inquiry
Russian investigators have described as “unreasonable” a Ural Airlines Airbus A320 crew’s decision to divert to Novosibirsk, having incorrectly estimated the fuel required after failing to take into account the aircraft’s extended landing-gear. The aircraft, originally bound for Omsk on 12 September, was forced to land in a field 186km ...
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NewsZeroAvia eyes Airbus opportunity following airframer’s investment
Advanced powertrain specialist ZeroAvia believes it can become Airbus’s future hydrogen propulsion supplier of choice following a recent collaboration pact between the two companies.
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NewsAirbus vows to take lessons from A320neo ramp-up when raising A350 rate
Airbus chief executive Guillaume Faury is confident that the airframer can justify and manage the ramp-up of A350 production back to its pre-crisis level in 2026. The company is looking to restore a 10-per-month production rate for the widebody twinjet family. “We have secured a number of orders, we have ...
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NewsArcher and InterGlobe strike deal to launch 2026 air taxi operations in India
Hot on the heels of striking a deal to establish air taxi operations in Abu Dhabi, US developer Archer Aviation has secured an agreement to deploy its electric aircraft on the Indian subcontinent.
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NewsZeroAvia eyes flight-test and certification milestones before year-end
Hydrogen propulsion developer ZeroAvia is readying its converted Dornier 228 demonstrator for the next round of test flights, as it prepares to submit its certification proposal for the ZA600 powertrain to the UK regulator.
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NewsEmirates operating over 100 A380s as half-year profits surge
Middle Eastern operator Emirates Group has turned in a first-half net profit of just over Dhs10 billion ($2.7 billion), with carrier Emirates contributing Dhs9.4 billion to the total. The group says the figure, to 30 September, is a record for its interim performance and it adds that it expects customer ...
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NewsWizz Air raising utilisation and prolonging A320 leases to mitigate P&W engine impact
Central European budget carrier Wizz Air is expecting to ground around 45 Airbus A320neo-family jets by the end of March 2024, in relation to Pratt & Whitney engine inspections. These figures include aircraft grounded in September 2023 and others which will be affected from mid-January next year. “The final number ...
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NewsSpirit moves to raise $400 million and push back $1.2 billion debt repayment
Spirit AeroSystems is taking steps to strengthen its financial foundations by seeking to raise $400 million in cash and to restructure $1.2 billion in debt.
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NewsP&W’s defective disk issue found to affect more business jet engines
Dozens of Pratt & Whitney Canada PW307 turbofans on Dassault Aviation business jets may contain disks with the same manufacturing defect affecting more than 1,000 Pratt & Whitney (P&W) PW1100Gs.
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NewsAirbus UpNext flies Citation test aircraft which will evolve into morphing-wing demonstrator
Airbus innovation arm UpNext has conducted an initial test flight with a modified Cessna Citation VII which will ultimately serve as the platform for advanced wing technology. UpNext is aiming to develop a biomimicry-based morphing wing to maximise aerodynamic efficiency and reduce fuel-burn. Airbus says the Citation – with a ...
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NewsAirbus emerges from three-year probation after fraud-inquiry settlements
Airbus has formally emerged from a three-year probation period imposed after corruption investigations conducted by three national jurisdictions. The airframer reached a deferred-prosecution arrangement with US, French and UK authorities in 2020 as part of a €3.6 billion ($3.8 billion) settlement of the inquiry into fraud allegations. This settlement included ...
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NewsAirbus aims to restore A350 programme’s 10-per-month production rate
Airbus is aiming to hike production of the A350 to 10 aircraft per month in 2026, returning to pre-crisis levels, while continuing to seek a four-per-month rate for the A330 in 2024. The airframer had previously disclosed that it was looking to take monthly A350 production to nine at the ...
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NewsAeroitalia takes large share of Romanian regional Air Connect
Italian operator Aeroitalia has finalised the acquisition of a large shareholding in Romanian regional carrier Air Connect. Aeroitalia emerged last year as a private airline serving routes primarily within Italy but also to destinations in Romania and Spain. The carrier uses a fleet of Boeing 737s supplemented by ATR 72-600s ...