All news – Page 1183
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NewsSaab starts Gripen E production in Brazil
The aerostructures plant, called Saab Aeronautica Montagens, is the first outside of Sweden to produce large components of the combat aircraft.
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NewsCanada’s Nolinor announces launch of new airline
Canadian passenger and freight charter airline Nolinor Aviation has announced plans to launch a new airline later this year despite the coronavirus crisis that has decimated much of the travel industry.
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NewsAeromexico looks to quit 19 aircraft leases
Grupo Aeromexico, the parent company of Mexico’s flag carrier, has petitioned to be released from aircraft and engine leases as it seeks to shrink its fleet to reduce costs.
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NewsVolaris chief lauds flexible cost base but fleet will be flat to 2023
Mexican ultra-low-cost carrier Volaris is weathering the coronavirus storm thanks to its variable cost base, but still expects its fleet size to be flat through to 2023 as demand inches back.
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NewsBlue Air takes creditor protection step as it rebuilds network
Romanian carrier Blue Air has taken a preventative measure under local insolvency law as it further restores its network after the coronavirus grounding. Blue Air says it has taken the protective measure of ’concordant procedure’ - a preventative action under which companies seek to reach agreement with creditors. ...
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NewsNeboair poised to launch rural air tourism service with all-electric Velis Electros
UK start-up Neboair is gearing up to launch a rural air tourism service with a pair of all-electric Pipistrel Velis Electros. The operation is a stepping stone for an ambitious plan to create a “micro-airline” using a fleet of small, sustainable aircraft to serve towns and cities throughout the UK and northern Europe using a network of under-utilised aerodromes.
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NewsKenya to reopen international flights on 1 August
Kenya has become the latest African country to announce dates for the resumption of scheduled flights, amid reports that its flag carrier plans to make job cuts ahead of a possible nationalisation.
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NewsAeroflot chief sets out expectations for restoration of international network
Russia’s Aeroflot Group is hoping to restore 80% of its international services by the end of this year, and restore the network fully by the end of the winter season in March 2021. Chief executive Vitaly Saveliev has outlined the ambition during a meeting with Russian president Vladimir Putin. Saveliev ...
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NewsLufthansa halves new-aircraft intake and cuts jobs
Lufthansa will halve the number of new aircraft it takes through to end-2023 as part of a second set of restructuring measures announced today.
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NewsVirgin Australia bondholders challenge sale to Bain Capital
Two parties representing Virgin Australia bondholders have challenged the airline’s sale to Bain Capital with the intention of making an alternative proposal. In an application to the Australian Takeovers Panel, Singapore-based fund manager Broad Peak Investment Advisers (Broad Peak) and Hong Kong’s Tor Investment Management submit that “certain circumstances regarding ...
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NewsUS government approves UH-60, E-2D sales to European allies
The US government has cleared the possible sale of six Sikorsky UH-60M Black Hawk helicopters and related equipment to Lithuania, and three Northrop Grumman E-2D Advanced Hawkeyes to France. The proposed Lithuania sale comes at an estimated price tag of $380 million, according to a US Defense Security Cooperation Agency ...
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NewsBlackshape promotes turboprop-powered Gabriel basic trainer
Italian airframer Blackshape has flown a turboprop-powered example of its Gabriel basic trainer, as it eyes sales opportunities in Southeast Asia. The company says it has conducted “several” flights of the Gabriel-TP, which is powered by the Rolls-Royce M250-B17. Source: Blackshape The Gabriel-TP is powered by a Rolls-Royce ...
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NewsHK Express pushes flight resumption back to August
Hong Kong low-cost carrier HK Express will not resume flights until the first week of August, over three weeks later than previously announced. The airline, which was purchased by Cathay Pacific Airways in July 2019, planned to resume flights on 11 July, but said yesterday it will postpone the resumption ...
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NewsIndonesia cleared to buy eight MV-22 Ospreys
The US government has cleared the sale of eight Bell Boeing MV-22 Block C Osprey tiltrotors to Indonesia. If concluded, the deal is valued at $2 billion and would be conducted under the US government’s Foreign Military Sales process, says the Defense Security Cooperation Agency (DSCA). Source: US ...
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NewsTrent-powered 787 operators to check for disc fin cracks
Operators of Rolls-Royce-powered Boeing 787s are set to be instructed to conduct inspections of certain Trent 1000 low-pressure turbine discs, over a possible cracking risk. Assessment of certain discs in service has revealed that rubbing contact with interstage static seals can lead to cracks in the front seal fins – ...
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NewsATR 42-600 commences Chinese certification testing
ATR has embarked on flight testing to obtain Chinese certification for its ATR 42-600 turboprop. The airframer says the initial 3h test was conducted from Toulouse’s Francazal airport, which is located some 10km south of the city’s main Blagnac airport. China’s civil aviation administration CAAC co-operated with the European Union ...
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InterviewJim Noonan maximises the value of business aircraft for Global Jet Capital
Jim Noonan is senior managing director for the asset management arm of Global Jet Capital. The US aircraft finance and leasing company has a portfolio of more than 140 clients representing a mix of corporations and high-net-worth individuals
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NewsEl Al could be renationalised as it opts for share issue
Israeli flag-carrier El Al has given up pursuing a $400 million state-backed loan and opted for an alternative fundraising package which could result in the airline being renationalised. El Al’s board has chosen a $250 million bank loan, which would have a state guarantee, alongside a $150 million share issue, ...
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NewsAdministrator trims Piaggio bidders as due diligence starts
Piaggio Aerospace’s administrator has invited 11 of the 19 bidders for the company to enter due diligence, and says he is confident a suitable buyer can be selected before year-end, with the deal to close in the first half of 2021.
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NewsPandemic pushes AirAsia into the red
AirAsia Group slipped to a MYR953 million ($223 million) net loss in the first quarter, down from a MYR102 million profit in the same three-month period of 2019, as Covid-19 caused demand to plummet.