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NewsAkasa Air co-founder and key backer Jhunjhunwala dies
Indian billionaire and co-founder of start-up Akasa Air Rakesh Jhunjhunwala has died, days following the airline’s public launch.
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News
SAS secures $700m bridge financing for Chapter 11 restructuring
Scandinavian operator SAS has reached a bridge financing agreement for $700 million, as part of its restructuring programme, sourcing funds through Apollo Global Management. The debtor-in-possession credit agreement – plus the company’s own revenue streams – will be used to meet obligations as SAS continues its ‘SAS Forward’ re-organisation scheme ...
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News
Russian cargo veteran Isaikin withdraws from outsize specialist Volga-Dnepr
Russian outsize freight carrier Volga-Dnepr Airlines’ veteran founder, Alexei Isaikin, has withdrawn from the company’s shareholders. The carrier states that Isaikin, who has worked in the aviation sector for 45 years, is transferring control to the company’s management. Volga-Dnepr Airlines was founded in 1990 and carries out charter air cargo ...
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News
UAV maker Edge Autonomy buys fuel cell producer Adaptive Energy
The California maker of unmanned aerial vehicles for the Pentagon purchased a Michigan manufacturer specialising in solid oxide fuel cells.
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News
Cranfield Aerospace nets new backers in Series A funding round
Cranfield Aerospace Solutions (CAeS) has secured a further £3.9 million ($4.7 million) investment from a pair of new backers, taking funding pledged in the current round to £14.4 million.
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News
IATA to press for ICAO review of pilot upper age limits
IATA is seeking a review of commercial pilot age limits to help relieve forecast demand for cockpit crews. It has submitted a paper to the upcoming ICAO Assembly which refers to the age limit of 65 imposed on pilots by the Chicago Convention. The paper urges ICAO to examine the ...
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In depth
Why helicopter specialist Bristow is betting big on eVTOL
Rotorcraft may be its bread and butter, but operator sees a big future for a new generation of aircraft and has backed this belief with a near 400-unit order spree.
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News
MC-21 model reflecting domestic-composite wing undergoes flutter tests
Russian analysts are conducting tests with an Irkut MC-21-300 model with wings representative of those created with domestically-sourced composites. The research at the Central Aerohydrodynamic Institute is intended to explore the potential for flutter on the twinjet. Irkut and RSK MiG have assisted with development of the 1:7-scale model which ...
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News
El Al to consider wet-leases and more 787s to address capacity shortfall
Israeli flag-carrier El Al is to explore the possibility of additional Boeing 787s from the second half of next year, once it completes introduction of its current fleet. The airline has 15 of the type – comprising 12 787-9s and three 787-8s – and it is expecting to receive one ...
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Analysis
Cathay’s shift in tone underscores intent to show it’s back in business
Cathay Pacific has arguably been among the hardest hit of airlines by Covid travel limitations over the past two years. However the Hong Kong carrier in its half-year results now appears to be cautiously positive about its future prospects, though travel restrictions remain a challenge.
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Analysis
Dreamliner deliveries resume but capacity constraints remain
Boeing’s much-awaited resumption of 787 deliveries on Wednesday provided a welcome boost for the manufacturer and Dreamliner customers who have been facing operational headaches caused by the aircraft delays. American Airlines became the first airline to take delivery of a 787 since US regulators gave Boeing the green light to ...
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News
TUI 737 tail-strike pilot’s training interrupted by pandemic
UK investigators believe pandemic-related interruptions to a first officer’s flight training probably contributed to a Boeing 737-800 tail-strike incident on take-off from Manchester earlier this year. The first officer rotated the TUI Airways jet too rapidly on departure from runway 23R, causing the tail to contact the ground, and the ...
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News
Vertical Aerospace waits on CAA approval as VX4 first flight nears
Vertical Aerospace is awaiting clearance from the UK’s Civil Aviation Authority (CAA) to begin flight testing its VX4 prototype, with the vehicle having completed a series of ground tests at Cotswold airport.
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News
ST Engineering aerospace unit sees jump in profits as recovery continues
ST Engineering’s commercial aerospace division nearly doubled its operating profit for the half-year, amid a steady rise in revenues and continued business recovery.
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News
Cebu Pacific trims quarterly loss amid strong passenger revenue recovery
Cebu Pacific narrowed its second-quarter losses on the back of a four-fold jump in revenue, as passenger travel continues to recover.
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News
Dominican Republic’s AraJet begins selling tickets for a 15 September launch
The Dominican Republic’s new low-cost carrier AraJet has begun selling tickets for a projected 15 September launch.
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News
Italy signs contract for latest round of F-35 purchases
The $524 mllion deal with Lockheed Martin covers 18 conventional and vertical landing airframes from Lots 15 and 16.
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Azul reports record Q2 revenue as cargo, corporate demand rise
Brazil’s Azul has posted record second-quarter revenue as it profited from increased demand for corporate travel and freighter services.
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News
Canada grounds CT-114 demonstrator fleet following flight emergency
The Royal Canadian Air Force has ordered an operational pause for its fleet of 20 Canadair CT-114 flight demonstration jets after an in-flight emergency.
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News
Younger workers hardest hit as EU air transport labour force at record low in first quarter
Air transport workers employed within the European Union hit a record low in the first quarter of 2022 amid the continuing impact of the global pandemic on air travel demand, figures published by Eurostat show.
