All news – Page 489
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NewsTUI back in profit and confident hotter summers create opportunities
TUI Group has reported its first fiscal third-quarter profit since the Covid-19 pandemic, supported by strong demand and high prices in a European peak travel season that has since been marked by heatwaves and widespread coverage of wildfires in Rhodes
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NewsVertical faces setback after VX4 prototype crashes during flight testing
Vertical Aerospace has suffered what appears to be a significant setback to its VX4 programme after the electric vertical take-off and landing (eVTOL) aircraft crashed during an unmanned test flight.
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NewsBoeing reveals 737 Max order split
Boeing has for the first time revealed the sales breakdown for its 737 Max family, with the developmental -10 closing in on the 1,000-order mark.
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NewsAir Baltic swings to first-half profit despite A220 engine woes
Air Baltic overcame the impact of around 25% of its own fleet being grounded during the second quarter to report a profitable first half of 2023.
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NewsNorwegian secures four-year deal to transport armed forces personnel
Scandinavian budget carrier Norwegian has secured an agreement with the country’s armed forces for defence sector travel over a four-year period. The airline says the contract will begin in the first quarter of next year. Source: InsectWorld/Shutterstock Norwegian values the agreement at around NKr1 billion ($98 million), ...
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NewsWestern Global struggled with closure of Chinese market and belly-capacity rebound
US cargo carrier Western Global Airlines has outlined the setbacks which led to its entry to Chapter 11 bankruptcy protection, including a customer shift away from dedicated freighters, contrary to expectations, and the delayed recovery of Chinese activity. Western Global has also been affected by high fuel prices attributed to ...
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NewsTurkish Airlines profit growth run continues into second quarter
Turkish Airlines continued its strong post-pandemic profits run by lifting second quarter operating profits by 50%.
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NewsCathay to exercise A320neo purchase rights as it eyes full fleet recovery by mid-2024
Hong Kong’s Cathay Pacific Group is to exercise purchase rights on 32 more Airbus A320neo family aircraft, marking its first aircraft commitment since the pandemic.
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NewsMNG Airlines and Golden Falcon terminate proposed business combination
Turkish logistics operator MNG Airlines has terminated its proposed business combination agreement with the specialised private equity company Golden Falcon Acquisition. MNG and Golden Falcon had disclosed the proposed combination in December last year, as part of the airline’s strategy to become a publicly-listed US company on the New York ...
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News‘We are on the right track’: Cathay posts first half-year profit in three years
Cathay Pacific Group rebounded to profitability in its half-year financial results, amid a strong rebound in passenger traffic following the reopening of Hong Kong’s borders.
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NewsUS Airlines request extension of slot waivers at busy Northeast airports
US airlines have asked the Federal Aviation Administration to extend slot waivers at some busy airports in the Northeast USA through the end of October
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NewsEve reports $31.4m second-quarter loss as it ramps up eVTOL development
The bulk of the company’s quarterly expenses came from $21.8 million spent on research and development, including internal design, engineering and testing infrastructure for its electric air taxi.
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NewsUSMC showing interest in Archer eVTOL aircraft
A recent visit by US Marine Corps officials to eVTOL manufacturer Archer comes after the company signed a $142 million deal with the US Air Force for six of its all-electric Midnight aircraft.
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NewsBelgium delays acceptance of new F-35 deliveries
Brussels joins the USA in not accepting F-35s with the new TR-3 configuration, which jet manufacturer Lockheed Martin is still in the process of flight testing.
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NewsNew business-class carrier Bermudair tentatively approved to fly to USA
New regional carrier Bermudair on 7 August received tentative approval of its foreign air carrier permit from the US Department of Transportation (DOT), clearing it to fly to the USA.
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NewsPakistan earmarks struggling PIA for privatisation
Cash-strapped Pakistan has announced its intention to privatise flag carrier Pakistan International Airlines, as the country works to stabilise its economy.
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NewsPoland receives first AW101 helicopter
Leonardo Helicopters has begun deliveries of the first AW101 anti-submarine warfare (ASW) helicopters to the Polish navy.
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NewsBoeing scores 52 orders in July, as deliveries slide from June high
Boeing took in 52 gross orders in July, including a 39-strong 787 widebody commitment from Saudi Arabian Airlines, alongside deals for 12 737 Max jets and a single 777 Freighter.
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NewsMongolia’s MIAT discloses initial routes for 787
Mongolian flag-carrier MIAT is to deploy its first Boeing 787 initially on services to Asia and Europe, as it prepares to put the twinjet on US routes. The airline is expecting shortly to take delivery of a 787-9, one of a pair being leased from AerCap under an agreement reached ...
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NewsNauru Airlines introduces 737-800 converted freighter
Micronesian carrier Nauru Airlines has introduced a Boeing 737-800 freighter to its fleet, claiming it to be the first of the model in the Australian region. Nauru Airlines has an operational base in Brisbane. It states that the 737-800F will expand its cargo capabilities, adding capacity to a fleet which ...