All news – Page 583
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NewsOptimistic SAS lifts long-term financial forecast over strong demand
Scandinavian carrier SAS is reviewing long-term financial projections for 2024-26, with preliminary indications that stronger-than-expected demand will generate higher revenues and earnings towards the end of this period. SAS had previously estimated revenues of SKr49 billion ($4.7 billion) for 2026 but believes this figure will be greater, while it is ...
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NewsIAG agrees deal to acquire full control of Air Europa
Iberia parent IAG has agreed a deal with Air Europa owner Globalia to acquire the remaining 80% of the Spanish carrier in a transaction it expects to take 18 months to clear regulatory approvals.
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NewsIndustry recovery lifts ST Engineering’s aerospace revenue
The Commercial Aerospace division of ST Engineering saw revenue for its 2022 financial year rise 21% year on year to S$3 billion ($2.2 billion) as the aviation industry continued to recover from the coronavirus pandemic.
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NewsFA-50 wins Malaysia’s light combat aircraft competition
The Korea Aerospace Industries FA-50 has won Malaysia’s Fighter Lead In Trainer-Light Combat Aircraft requirement for 18 aircraft.
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NewsBangkok Airways slashes full-year loss on Thai tourism recovery
Bangkok Airways narrowed its operating loss for 2022, as revenues doubled on the back of significant growth in passenger numbers.
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NewsBoeing once again halts 787 deliveries, this time due to ‘analysis error’
Boeing has once again halted deliveries of its 787 Dreamliners due to what it calls “an analysis error” by one of its suppliers.
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NewsAmerican’s Smith will succeed Parker as chairman of the board
American Airlines has named current board member Greg Smith as its new chairman, succeeding Doug Parker, who is retiring.
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NewsAvelo targets three more underserved US airports for nonstop service
Discount start-up Avelo Airlines is planning a springtime expansion of its national network with three new destinations in Colorado, Texas and Virginia, bringing the total number of cities it serves to 35.
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NewsSoon-to-be-acquired Atlas Air posts profitable Q4, but cargo demand slips from 2021
US air cargo company Atlas Air Worldwide made $126 million during its fourth quarter of 2022 and $356 million for the full year – “one of the best years in Atlas’ history”, chief executive John Dietrich said on 23 February. The freight hauler’s results were down from 2021, however.
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NewsBoeing to cease F/A-18 production by end-2025
On 23 February, Boeing disclosed plans to cease production of the venerable fourth-generation fighter in late 2025 after delivering the final jet to the US Navy.
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NewsAir Canada and United to offer more than 260 daily transborder flights from June
Star Alliance partners Air Canada and United Airlines are upping their offering between the USA and Canada during the upcoming Northern Hemisphere summer travel season.
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NewsBoeing shifts stance on prime contractor role for NMH
Boeing has shifted its approach to the UK’s New Medium Helicopter (NMH) contest and is no longer pursuing the requirement as a prime contractor, FlightGlobal understands.
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NewsNew Rolls-Royce chief tears into underperformance and strategic weakness
New Rolls-Royce chief executive Tufan Erginbilgic has given a withering assessment of the company’s strategic and financial performance as it unveiled its full-year results. Rolls-Royce has been “underperforming for an extended period”, he said during a presentation on 23 February. “Cash generation is unsatisfactory. Our debt is still too high. ...
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NewsGA manufacturers shrug off supply chain snags with strong 2022 performance
The body that represents business and general aviation manufacturers is putting a positive spin on supply chain pressures that have led to customers waiting longer for aircraft, suggesting they put a helpful “governor” – or speed limiter – on unsustainable demand.
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NewsBAE reports record order intake, as chief executive eyes future growth
BAE Systems secured orders worth £37 billion ($44.5 billion) in 2022, up from almost £21.5 billion during the previous 12 months.
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NewsOmani government to permit Israeli overflights: ministry
Oman has become the latest Middle Eastern state to allow transit of Israeli aircraft, a decision which will enable a reduction in flight times for carriers operating Asian routes to and from Tel Aviv. The opening of Omani airspace follows several months of discussions between the two sides, and comes ...
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NewsST Engineering sets up new MRO joint venture in Hubei, China
ST Engineering has entered into a joint venture with cargo operator SF Airlines to set up a MRO unit in Mainland China, as it eyes “rising opportunities” in MRO demand in China and Asia-Pacific.
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NewsRolls-Royce civil aerospace profits up but company 'capable of much more': CEO
Large engine flying hours for Rolls-Royce increased further last year, but remain 35% below the pre-crisis level of 2019, the manufacturer has disclosed. But it expects this gap to reduce to 10-20% this year following the easing of travel restrictions in China. Rolls-Royce large civil engine deliveries reached 190 – ...
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AnalysisIndia to eclipse China as aerospace’s next frontier
India has displaced China as the global aerospace industry’s growth frontier, with a bigger orderbook and a more welcoming economic and geopolitical outlook.
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NewsHong Kong eyes return of international aviation hub status
Hong Kong has pledged to reclaim its status as an international aviation hub, as it introduces a raft of measures to boost the recovery of passenger traffic at Hong Kong international airport (HKIA).