All news – Page 319
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NewsMesa granted another 180 days to show stock worth more than $1 per share
Struggling US regional airline company Mesa Air Group remains at risk of de-listing on the Nasdaq stock exchange, needing to show that its share price can consistently close higher than $1.
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NewsFormer Southwest sales chief joins Wheels Up as chief commercial officer
Former Southwest Airlines executive Dave Harvey will become US charter aircraft provider Wheels Up’s chief commercial officer starting 20 May, an appointment coming as the company continues a broad restructuring.
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NewsMagnix names Reed Macdonald as new CEO
Electric propulsion developer Magnix has named longtime avionics and finance executive Reed Macdonald as its next chief executive, filling a role held until recently by former Rolls-Royce executive Nuno Taborda.
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NewsPentagon to accelerate fielding of AeroVironment Switchblade 600 loitering munition
AeroVironment’s Switchblade 600 is now the first lethal platform to be officially purchased under the Pentagon’s so-called Replicator initiative to field mass numbers of autonomous combat systems.
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NewsPyka reveals militarised version of Pelican cargo UAV
Electric aircraft start-up Pyka is expanding into the defence realm, teaming with defence systems provider Sierra Nevada to offer a militarised version of the company’s Pelican uncrewed cargo aircraft.
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NewsUS government approves Frontier to use new trade name ‘Frontera’
US discount carrier Frontier Airlines has received approval to use the new trade name “Frontera” for at least some of its operations, though details about the plans remain unclear.
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NewsSpirit lost $143m in first quarter as airline pursues cost and capacity cuts
Spirit Airlines lost $143 million in the first quarter of 2024 amid heightened competitive pressures and other factors that have prompted the airline to shrink its operation and to seek out cost savings.
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NewsIcelandic cargo carrier Bluebird Nordic discontinues operations
Iceland’s Bluebird Nordic has discontinued cargo operations, ending services on 30 April. The Reykjavik-based carrier says it has “voluntarily surrendered” its air operator’s certificate to the Icelandic civil aviation administration. Bluebird Nordic adds that it is returning all the aircraft in its fleet to their respective lessors. It was owned ...
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NewsKorean adds Macau service as IndiGo adds capacity to Phuket
North Asian carriers have steadily broadened their route networks over recent months, while elsewhere in the Asia-Pacific IndiGo has doubled frequencies on the Delhi-Phuket route.
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NewsEmirates discloses initial routes for first batch of 312-seat A350-900s
Middle Eastern carrier Emirates has unveiled the first batch of nine routes on which it will deploy its new Airbus A350-900 fleet. Emirates has 65 of the type on order and it indicates the first will be operating on the carrier’s network from mid-September. The first 10 jets will be ...
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NewsQantas hit with civil penalty for ‘egregious’ ticket sales for ‘phantom’ flights
Australia’s consumer and competition watchdog has hit Qantas Airways with a A$100 million ($66.2 million) civil penalty for advertising and selling tickets on flights that it had decided to cancel.
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NewsTop US Air Force official rides in front seat of autonomous F-16
Secretary of the US Air Force Frank Kendall flew in the lead seat of the service’s X-62A Variable In-flight Simulation Test Aircraft (VISTA), a specially modified Lockheed Martin F-16 fighter being used to test and develop artificial intelligence and autonomy capabilities.
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NewsNetJets behind a 12-strong Challenger 3500 order revealed by Bombardier last year
Bombardier has disclosed that charter aircraft operator NetJets was the customer behind an order for 12 Challenger 3500 business jets landed by Bombardier last year.
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AnalysisOttawa touts progress on defence spending despite missing 2% NATO target
The government of Canadian Prime Minister Justin Trudeau is lauding a C$40 billion plan to boost military spending, particularly in the Arctic region, while downplaying the country’s failure to achieve the NATO standard of committing the equivalent of 2% of gross domestic product toward defence expenditures.
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NewsAlaska receives $61m Boeing credit for Max 9 grounding
US carrier Alaska Airlines has received an additional $61 million in credits from Boeing as compensation for the mid-flight blow-out of a door plug on Alaska flight 1282 and subsequent grounding of its 737 Max 9s
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NewsNew footage details Ukrainian F-16 pilot training in Denmark
Video footage has been released showing pilot training activities being provided to Ukrainian air force personnel using Lockheed Martin F-16s, just months before Kyiv is expected to begin operating the western fighter.
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NewsLATAM Airlines Group first-quarter profit reaches $258m
LATAM Airlines Group reported a first-quarter profit of $258 million, a record for the period, profiting of ongoing strong demand during Latin America’s high travel season.
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NewsSecInt Group details expansion plan on back of Polish acquisition
Uncrewed systems and surveillance specialist SecInt Group is promising to introduce a range of new and upgraded products as it builds on the recent acquisition of Polish aircraft manufacturer Marganski & Myslowski Aviation (MMA).
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NewsCargolux’s full-year figures illustrate return of cyclical freight activity
Freight specialist Cargolux Group achieved a full-year net profit of $286 million, but the figure is substantially down on the previous level of $1.6 billion. Cargolux generated revenues of $2.97 billion for 2023, over 40% lower than its 2022 performance. The carrier says the figures show the “cyclical nature” of ...
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NewsDHC-6 floatplane wing-strike inquiry wrestles with pilots’ contradictory testimonies
Investigators probing a Maldives water-landing accident which damaged a Viking Air DHC-6-300 floatplane have disclosed contradictory testimonies from the pilots over the application of power. The Trans Maldivian Airways turboprop had been approaching Vommuli aerodrome on 16 May last year, following a service from Sun Siyam Iru Veli. It conducted ...