All news – Page 1032
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NewsAir France-KLM braced for tough first quarter after €7bn loss in 2020
Air France-KLM is warning of an even more challenging first quarter of 2021 before it hopes to lift capacity in the summer after today posting a group net loss of €7.1 billion ($8.6 billion) for the pandemic-hit 2020
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NewsMTU forecasts uptick this year as 2020 revenue and profit hit by pandemic
German propulsion specialist MTU Aero Engines is cautiously optimistic of a recovery in commercial aerospace this year, as it revealed preliminary results for 2020 that saw both revenue and profit hammered by the effects of the pandemic.
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NewsWeak China Lunar New Year traffic offers little festive cheer
Chinese airlines carried just 3.57 million passengers across the seven-day Lunar New Year public holiday period, in what the country’s civil aviation regulators have called a “sharp drop” in passenger traffic amid a resurgence in the coronavirus.
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NewsAirbus brings year-end inventory level below 2019 figure
Airbus brought its inventory figure down to €30.4 billion at the end of 2020, below the previous year-end level of €31.5 billion. The inventory figure had sharply increased over the course of the year, reaching €37.5 billion during the first half, as deferrals and delivery difficulties meant Airbus experienced a ...
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NewsAirbus aims to match last year’s commercial aircraft delivery figure
Airbus is aiming to achieve at least the same number of commercial aircraft deliveries this year as the 566 it managed over the course of 2020. Its commercial aircraft operation generated a full-year earnings loss of €1.33 billion ($1.6 billion), after a 37% fall in revenues to €34.2 billion, contrasting ...
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NewsTwo forces create toxic mix for Indian airlines: IndiGo chief
IndiGo chief executive Ronojoy Dutta maintains that low fares and high taxes can be a fatal mix for airlines operating domestically in India.
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NewsQantas to build new flight training centre in Brisbane
Qantas will build a new flight training centre at Brisbane airport by the end of the year and expand existing facilities at Melbourne, as part of a wider relocation of training assets.
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NewsCathay’s January passenger load factor sinks to dismal 13.3%
Cathay Pacific reported its lowest ever passenger load factor in January, with passenger numbers for the month plunging to six-month lows, as it confronts an “extremely challenging” start to 2021.
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NewsFAA orders inspection of 222 Boeing 787s
The US Federal Aviation Administration will publish an airworthiness directive on 19 February ordering the inspection of cargo compartments on Boeing 787 type aircraft, adding to the list of safety and maintenance complications for the aircraft. The FAA estimates that 222 787 aircraft will be impacted, according to a copy ...
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NewsCebu Pacific finalises $260 million local-currency rights issue
Cebu Pacific has finalised details of its planned Ps12.5 billion ($258 million) rights offering, aimed at providing the Philippine low-cost carrier with funds to repay debts – including those owed to lessors – and ensuring it has sufficient funds to refund passengers.
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NewsUSAF rethinks future fleet, ponders clean-sheet 4.5-generation fighter
The US Air Force is studying a future fighter fleet that might include new Lockheed Martin F-16 fighters or possibly a clean-sheet 4.5-generation fighter.
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NewsRolling updates planned for HH-60W Combat Rescue Helicopter
After the original US Air Force requirements for the HH-60W Jolly Green II were overtaken by new threats within less than a decade – even before the first example of the rotorcraft was delivered – manufacturer Sikorsky is aiming to update the service’s Combat Rescue Helicopter on a rolling basis.
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NewsTwo Boeing board members to step down in latest shake up
Two Boeing board members to step down in latest shake up
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NewsDe Havilland to halt Dash 8 production, exit Downsview assembly site
De Havilland Aircraft of Canada will temporarily stop producing Dash 8s and begin vacating its Downsview Toronto production site in the second half of 2021.
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NewsUzbek start-up Qanot Sharq signs for A320s
Uzbek start-up carrier Qanot Sharq Airlines is taking a pair of Airbus A320s for its initial fleet, acquired from US lessor Air Lease. Qanot Sharq is based in Tashkent, the capital of Uzbekistan. At the MAKS Moscow air show in 2019, the airline signed an agreement – described as “soft” ...
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NewsEtihad and Gulf Air agree deeper commercial relationship
Etihad Airways and Gulf Air have signed a commercial agreement to “deepen their partnership” in several areas.
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NewsAeromexico sees ‘encouraging signs’ for 2021
Despite significant 2020 losses and an ongoing bankruptcy proceeding, Grupo Aeromexico, the parent of Aeromexico, sees “encouraging signs of recovery”.
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NewsRegional business air market has changed for good: Loganair chief
Many companies will simply not go back to traveling the way they did before the pandemic, believes Jonathan Hinkles
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NewsFrench and Swedish state aid to airlines not discriminatory: European court
European court judges have thrown out a case against the state aid granted to French and Scandinavian carriers, which had been brought by budget airline Ryanair. Ryanair had alleged infringement of non-discrimination principles as well as the obligation to weigh the benefits of the aid against its adverse effect on ...
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NewsCloser operational ties key to Finnish fighter bid, Sweden says
Saab’s proposed Gripen E/F and GlobalEye package for Finland will help Helsinki transform its air-defence capabilities and drive even closer defence links with its Nordic neighbour, Swedish officials have said.