All news – Page 493
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NewsNo relief from supply-chain malaise ‘any time soon’: Rolls-Royce chief
Rolls-Royce chief Tufan Erginbilgic expects prolonged supply-chain problems, although he says the company has limited the impact of fires at two suppliers. The engine manufacturer states that it has built up inventory in order to meet demand in civil aerospace and counter supply-chain disruption. Speaking during the manufacturer’s half-year briefing ...
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NewsUS-Mongolian flights planned under new air transport pact
Flights between the USA and Mongolia are planned for next year, with the signature of an air transport agreement planned as part of a reinforced partnership between the two countries. Mongolian prime minister Luvsannamsrain Oyun-Erdene is holding talks with the US government during his first official visit. “For us, the ...
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Paid contentBombardier’s Smart Services Elite keeps it simple
Bombardier is no novice when it comes to providing comprehensive, peace-of-mind aftermarket support for its customers. Since introducing its initial service program in the 1980s, its cost-per-flight-hour portfolio – branded Smart Services – has become an industry leader. More than 1,600 Learjet, Challenger and Global operators rely on the parts ...
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NewsWizz Air swings to quarterly profit as ticket revenue soars
Central European budget carrier Wizz Air swung to operating and net profits during the April-June period, on record passenger numbers and high yields.
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NewsProfitable Lufthansa foresees ‘unabated’ demand across rest of 2023
Lufthansa Group’s adjusted EBIT surged above €1 billion ($1.1 billion) in the second quarter, buoyed by strong demand and high yields amid industry-wide supply constraints.
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NewsComac opens first overseas office in Jakarta
Chinese airframer Comac has reportedly opened a support office in Indonesia, its first overseas location, as a second C919 joins China Eastern Airlines.
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NewsWizz Air backs chief executive as shareholders object to remuneration policy
Central European budget carrier Wizz Air’s board has underlined its belief that chief executive Jozsef Varadi is vital to the airline’s strategic development, after a substantial shareholder contingent opposed management remuneration proposals. Over 25% of votes cast during a 2 August shareholders’ meeting opposed Wizz Air’s directors’ remuneration policy and ...
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NewsBeijing shifts large number of naval aviation units to air force
China appears to have conducted a major reorganisation of its naval airpower, with several key People’s Liberation Army Navy (PLAN) aviation units moving to the People’s Liberation Army Air Force (PLAAF).
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NewsLATAM posts Q2 profit of $145m as it expands its network
Chile’s LATAM Airlines Group posted a $145 million profit for the second quarter, as it strengthened its network and diversified revenue streams.
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NewsJoby flies production prototype of its electric air taxi
Joby Aviation says that it has successfully flown the production prototype of its in-development electric vertical take-off and landing (eVTOL) aircraft for the first time.
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NewsJoby loses $286m in second quarter, reports $1.2 billion cash position
Electric air taxi developer Joby Aviation continues burning cash as it pushes for certification and service-entry of its aircraft, reporting a loss of $286 million in the second quarter.
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NewsSpirit Aerosystems takes Q2 earnings, deliveries hit due to strike and 737 quality issue
Spirit Aerosystems, which makes Boeing 737 fuselages and other components, said it lost $206 million during the second quarter, as it was hit by a work stoppage and a vertical fin quality issue on the 737.
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NewsAllegiant posts $89m Q2 profit, reports delayed 737 Max deliveries
Allegiant Travel Company, parent of Allegiant Air, reports making a profit of $88.5 million in the second quarter “in the face of high demand and operational complexity”.
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NewsWizz seals order for 75 A321neos after shareholder approval
Wizz Air shareholders have approved the firming of 75 Airbus A321neo purchase rights, a plan originally disclosed by the carrier nearly 11 months ago. Approval for the purchase was secured at an extraordinary general meeting on 2 August. Wizz Air’s board says the proposal received “strong shareholder support”, and it ...
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NewsSurf completes acquisition of Southern, orders up to 150 Cessna Grand Caravans
Surf Air Mobility has completed its acquisition of US regional carrier Southern Airways, and now turns attention to its fleet expansion and electrification plans.
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NewsIndiGo to launch venture capital arm
IndiGo is seeking regulatory approval for the launch of a venture capital arm.
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NewsBuoyant IndiGo reports record quarterly profit and passenger numbers
IndiGo recorded its highest-ever quarterly revenue of Rs172 billion ($2.1 billion) during the April-June period, powering it to a record net profit of Rs31 billion.
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NewsKorean Air reports ‘moderate’ Q2 profit amid declining cargo market
Korean Air boosted its overall revenue in the second quarter of this year but saw its operating profit fall, as the strong recovery of passenger demand was offset by higher costs and a significantly weaker freight market.
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NewsCanary Islands start-up Surcar aims to use hydrogen-electric Twin Otters
Canary Islands floatplane start-up Surcar Airlines is intending to use hydrogen-electric engines on De Havilland Twin Otter aircraft. The company plans to introduce aircraft retrofitted with the ZA600 powertrain developed by propulsion specialist ZeroAvia. Surcar Airlines is looking to offer inter-island services and sightseeing tours. It will initially use conventionally-powered ...
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NewsEtihad Airways unveils new route to US gateway
Middle Eastern carrier Etihad Airways is to open another US route, with services to Boston from spring next year. The Abu Dhabi-based carrier says the connection will take the number of US cities it serves to four. Etihad already operates to New York, Chicago and Washington, and also flies to ...