All news – Page 1001
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NewsIAI reports record revenues and profits, despite Covid-19
State-owned aerospace and defence company hits $4.18 billion in sales as it finishes 2020 firmly in the black.
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NewsExtent of initial missile damage to shot-down 737 remains unclear
Few details on the immediate effect of an Iranian surface-to-air missile strike that brought down a Ukrainian Boeing 737-800 over Tehran have emerged in the investigators’ final analysis. Although the Iranian Civil Aviation Organisation has published the flight-data recorder traces from the Ukraine International Airlines jet, shot down on 8 ...
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NewsGol tweaked 737 leasing agreements in January
Gol renegotiated aircraft leasing agreements January, securing new terms that the airline says will save it R1.2 billion ($216 million) over one year.
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NewsGol’s 2020 loss nears R5bn despite profitable final quarter
Brazil’s Gol swung to a profit in the fourth quarter of 2020, though substantial losses in the first nine months of the year left the Sao Paulo-based airline with a full-year loss of R4.9 billion ($881 million).
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NewsIAG to raise €1 billion through bond issue
IAG has issued two tranches of senior unsecured bonds to raise a total of €1 billion ($1.19 billion), which it will use to shore up liquidity and for other general corporate purposes.
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NewsRostec embarks on broad consolidation of aircraft programme management
Russian state technology firm Rostec is to bring United Aircraft, Sukhoi and MiG under a single aircraft programme centre to consolidate management and other assets into one corporate entity. It will also establish a unified centre for design competency. The intention is to reduce non-production costs and debts, and optimise ...
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NewsAzul eyes 40% annual cargo revenue surge
Azul founder David Neeleman anticipates the Brazilian airline’s cargo business will take off in the coming years thanks to booming growth of e-commerce in Latin America.
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NewsA350 recruited for emissions analysis of wholly-sustainable fuel flights
Airbus and Rolls-Royce are participating in a study to examine in-flight emissions from commercial aircraft powered entirely by sustainable aviation fuel. The study involves monitoring emissions from an Airbus A350-900, both on the ground and in the air. Sustainable fuel will be supplied by Neste and the study will include ...
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NewsAsia-Pacific carriers jump on travel pass bandwagon
Asia-Pacific airlines are hoping that digital travel pass technology will eventually see governments ease up on the restrictions that have crushed regional travel.
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NewsAero Norway targets Leap engine MRO from 2023
Engine overhaul provider Aero Norway has studied the requirements of supporting CFM International Leap engines and aims to begin shop visits for the new-generation turbofan in 2023.
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NewsSun Country stock debuts with $1.84 billion valuation
Sun Country Airlines began trading on 17 March under the ticker “SNCY” on Nasdaq priced at $33 per share, higher than its original expectation of $21 to $23 per share, giving the low-cost carrier a market value of $1.84 billion.
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NewsTaiwan has upgraded 42 F-16s to improved ‘V’ standard
Taiwan has upgraded 42 Lockheed Martin F-16A/B fighters to the F-16V standard, according to a senior air force official.
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NewsUpdated Il-103 light single to be licence-built in Hungary
Russia’s United Aircraft has reached an agreement to licence production of a modernised version of the Ilyushin Il-103 single-engined light aircraft at a facility in Hungary. The pact was sealed with Hungarian firm Aviation Engineering. United Aircraft says the two sides will co-operate to develop and manufacture an “improved version” ...
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NewsAustralian competition watchdog weighs in on Rex-Qantas spat
The Australian Competition and Consumer Commission (ACCC) has weighed in on the ongoing feud between Regional Express and Qantas, noting, among other things, that competition “appears to be increasing, not decreasing”.
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NewsAirAsia X wins restraining order on creditors, with exceptions
AirAsia X has been granted by the High Court of Malaya a three-month restraining order on creditors to help with its debt restructuring.
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NewsFAA tightens regulatory scrutiny of 787 programme
The US Federal Aviation Administration (FAA) has tightened scrutiny on Boeing’s production of its 787 widebody, by stripping the airframer of its authority to sign off four newly-produced jets.
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NewsPhilippines cuts air travel to main gateway amid Covid-19 spike
The Philippine government is set to limit passenger arrivals to the country’s main international gateway for one month, as part of restrictions to clamp down on a spike of Covid-19 infections that began early this month. Authorities will impose a cap of 1,500 passenger arrivals per day on international flights ...
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NewsUK to buy Switchblade loitering munition
The UK plans to buy the AeroVironment Switchblade loitering munition, in what appears to be the first purchase of the US-made weapon by a foreign country.
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NewsSpike NLOS validated for AH-64 after 17.3nm target hit
The US Army has validated the Rafael Spike non-line-of-sight (NLOS) missile as an interim long-range weapon for its Boeing AH-64 Apache attack helicopter.
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NewsUkraine sharply criticises Iranian findings over 737 shootdown
Ukrainian authorities submitted dozens of comments to Iranian investigators, many highly critical, regarding multiple aspects of the inquiry into last year’s fatal missile attack on a Boeing 737-800 shortly after take-off from Tehran. The Iranian Civil Aviation Organisation has formally attributed the destruction of flight PS752 to the misidentification of ...