All news – Page 339
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NewsIcelandair firms expectations for improved profits in 2024
Icelandair expects its EBIT profit margin to increase to between 2-4% this year on revenues rising to $1.6 billion after firming its financial guidance for 2024.
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NewsIsrair Group remains keen on Smartwings despite hold-up in negotiations
Israir Group has indicated that it is still interested in pursuing Czech carrier Smartwings, but that its previous proposed transaction might need to be amended.
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NewsGeneral Electric completes break up, GE Aerospace emerges as standalone company
Once-mighty US industrial giant General Electric is now called GE Aerospace.
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NewsAvion Express completes financial restructuring
Wet-lease specialist Avion Express has completed a corporate financial restructuring undertaken after the pandemic hit.
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NewsTransport Canada mandates Bell 429 tail rotor inspections
Canadian regulators have ordered operators of certain Bell 429 helicopters to perform urgent tail rotor blade inspections after defects were found in the manufacturing process.
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NewsEl Al details results of capital raise from share offering
Israeli flag-carrier El Al has completed that it will issue 92 million shares and an equivalent number of warrants following a public offering. It puts the gross consideration for the allocated shares at around 510 million shekels ($139 million). El Al adds that the future consideration if all warrants are ...
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NewsSpiceJet to boost Dash 8 fleet following lessor settlements
SpiceJet will fully own its six De Havilland Canada Dash 8-400 turboprops formerly leased from Nordic Aviation Capital (NAC), as part of a settlement with the lessor, the latest in a string of resolutions.
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NewsKorean firms up order for 33 A350s
Korean Air has firmed up an order for 27 Airbus A350-1000s and six -900s, as it looks to recapitalise its widebody fleet.
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NewsMalaysian regulator says aircraft shortage ‘pressing issue’ as full recovery looms
The Malaysian Aviation Commission (MAVCOM) has identified aircraft delivery delays as a “pressing issue” for the country’s airline sector, as passenger traffic moves closer to a full post-pandemic recovery this year.
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NewsPAL sees strong financial, traffic rebound in 2023
Philippine Airlines enjoyed a strong rebound in 2023, as it relaunched routes and made investments in its future fleet.
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NewsUS Navy adds two MQ-25s to initial order
Boeing received a $657 million contract for the production and delivery of two additional MQ-25 Stingray autonomous refuellers for the US Navy under the programme’s initial development and test phase.
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NewsPanel urges FAA to revise pilot mental-health oversight in bid to boost disclosure
A new report urges the Federal Aviation Administration to tweak how it addresses mental health issues among pilots and air traffic controllers, saying the current scheme can discourage workers from disclosing such problems.
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NewsUPS wins contract to be USA’s primary air mail carrier over FedEx
Shipping and logistics giant UPS has secured a contract to become the primary air cargo carrier for the US Postal Service (USPS), marking the end of rival FedEx’s 20-year run in that role.
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NewsUnited dangles unpaid time off to pilots amid Boeing delivery delays
With fewer new jets on the way than previously anticipated, United Airlines is offering unpaid time off to its pilots.
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NewsUS Air Force recalls mothballed B-1B to service from boneyard
A mothballed Boeing B-1B supersonic bomber is being refurbished for active service with the US Air Force to offset multiple non-combat losses in recent years.
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NewsCargo 727 landing in South Sudan crashes into MD-82 wrecked in previous accident
All seven occupants of a Boeing 727 freighter have survived after the aircraft crashed into the wreckage of an aircraft which had itself suffered a landing accident two months ago.
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NewsTokyo lays out industrial rationale for new Japanese airliner
The Japanese government’s long-term plans for a new commercial airliner in the 2030s stem from challenges facing its aerospace industry, notably a relative lack of exposure to the important narrowbody segment.
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NewsDefinitive version of India’s Tejas takes step towards service entry
India’s efforts to recapitalise its fighter fleet have taken a step forward with the first flight of the production standard Hindustan Aeronautics Tejas Light Combat Aircraft Mk-1A fighter.
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NewsSurf Air Mobility delays certification of electric powertrain for Grand Caravan
US regional aviation start-up Surf Air Mobility has pushed back its target date for certification of its in-development electric powertrain to 2027.
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NewsSpirit Airlines to receive $150-200m from P&W for geared turbofan troubles
Spirit Airlines has secured a compensation package from Pratt & Whitney (P&W) valued between $150 million and $200 million for the grounding of “nearly all” the PW1100G-powered Airbus A320neos in its fleet.