All news – Page 1034
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NewsSkyways Technics expands Asia-Pacific facilities at Subang
Danish MRO provider Skyways Technics has completed expansion works of its Malaysia facilities, tripling its repair shop floor area and increasing its component warehouse size.
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NewsGrounded Jet Airways reports $391 million FY2019-20 loss
Jet Airways, the Indian carrier that has been grounded since April 2019, has posted a net loss of Rs28.4 billion ($391 million) for the 2019-20 fiscal year ended 31 March 2020.
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NewsPassengers down 70% at Dubai International last year
Dubai International’s passenger numbers collapsed in 2020, but the airport operator is reporting “positive strides” in the second half of the year.
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NewsNorwegian reaches accommodation with several lessors
Norwegian and its subsidiaries have reached an accommodation with a number of lessors, including Avolon and SMBC Aviation Capital, relating to several aircraft the airline was formerly seeking to reject as part of its Irish restructuring process.
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NewsAirbus Helicopters wins oil and gas launch customer for H160 via PHI lease deal
Airbus Helicopters has secured a launch customer for the H160 in the oil and gas market as part of a three-way partnership with US operator PHI and global energy giant Shell.
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NewsEuropean ministers sign off on summer slot rules revision for airlines
European transport ministers have today formally approved temporary rules under which airlines will only have to use a minimum of 50% of their take-off and landing slots during the forthcoming summer season to retain them for 2022.
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NewsAJW chief strikes a positive note for summer season
Company president Christopher Whiteside is hoping that the end of May will be the start of a rebound in fortunes for many airlines, and their aftermarket suppliers
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AnalysisAsia-Pacific authorities keen to defer travel until 2022
After almost a year of closed borders, authorities in Asia-Pacific appear keen to delay the reopening of borders to at least 2022. Even with the rollout of vaccines, there are few signs that governments are prepared to ease up on existing testing and quarantine restrictions. In the short term, a ...
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NewsEl Al sets out post-crisis earnings forecast as it nears loan deal
El Al is projecting a $200 million improvement in its earnings in 2024, compared with the average figure achieved over 2017-19. The airline has put the forecast to investors as it seeks to raise $75 million by September 2021 as part of a financial package which would also include a ...
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NewsISIS campaign holds lessons for near-peer conflict: Rand
Think tank Rand believes that Operation Inherent Resolve (OIR) in Syria holds important lessons for the US Air Force (USAF) in the event of a conflict with near-peer adversaries.
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NewsVietnam to take 12 Aero Vodochody L-39NGs
Aero Vodochody has won its most significant export deal yet for the L-39NG, with Vietnam to take 12 of the modernised jet trainers between 2023 and 2024.
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NewsEl Al seeks to raise $75m in new capital to obtain $300m loan
Israeli flag-carrier El Al is seeking to raise around $75 million through issuing tradeable warrants, as part of a bid to obtain a state-backed loan worth about $300 million. The issue has been approved by the Israeli ministry of finance, subject to an undertaking by El Al’s controlling shareholder to ...
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NewsAustralia imposes quarantine on NZ travellers after Auckland outbreak
Canberra will impose quarantine on travellers from New Zealand following the emergence of new coronavirus cases in Auckland.
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NewsCourt approves reorganisation of six HNA carriers
The highest court in China’s Hainan province has approved applications from creditors to place 10 affiliates of Hainan Airlines Holding in bankruptcy reorganisation, including six airlines, a 10 February filing to the Shanghai Stock Exchange shows.
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NewsAfter more than $5bn in losses, can KC-46A become profitable?
The KC-46A programme is about $5.1 billion in the hole and there are questions about whether Boeing can make it profitable.
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NewsLessors strike deals with Thai Airways
Many lessors have reached agreements with Thai Airways International on the future of their aircraft as part of the carrier’s restructuring process, lessors with exposure and people close to the restructuring tell Cirium.
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NewsUS Air Force plans upgrade for brand-new Combat Rescue Helicopter worth up to $1bn
Less than a year after receiving its first pair of brand-new Sikorsky HH-60W Combat Rescue Helicopters, the US Air Force (USAF) is planning to upgrade the type with new systems worth up to $981 million.
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NewsCAE’s civil training business remains profitable in most-recent quarter
Canadian pilot training company CAE’s civil aerospace business turned a C$48 million ($38 million) operating profit in the third quarter of the company’s 2021 fiscal year despite the pandemic driving revenue down by more than half.
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NewsEl Al considers further capital raise to obtain loan
Israeli flag-carrier El Al is considering raising further capital as part of its efforts to secure loan financing. The airline says it is “examining the possibility” of raising capital to “strengthen” the company’s equity position. El Al says this reinforced equity is a condition of the Israeli ministry of finance ...
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NewsUS airlines lobby against potential Covid-19 test mandate for domestic flights
US airline executives have met with administration officials at the White House to lobby against government deliberations to impose a coronavirus testing requirement for all domestic air travellers.