All news – Page 1022
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NewsAirbus confident on FCAS contract progress despite 'challenging' negotiations
Airbus is “very optimistic” that initial development activities can begin this year on the Future Combat Air System (FCAS) being jointly developed by France, Germany and Spain.
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NewsAirbus encouraged by rising export-credit support for deliveries
Airbus is encouraged by evidence of increasing engagement with export-credit agencies to support aircraft deliveries. Chief financial officer Dominik Asam, speaking during an 18 February briefing, said the airframer was trying to “resuscitate” export-credit financing, stating that the proportion of deliveries with such support has risen to 10% from 2% ...
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NewsAirbus strives for break-even on A220 and low-rate twin-aisles
Airbus is intending to achieve break-even on its twin-aisle programmes at the reduced rate of production, while it acknowledges that a shift in demand mix puts increased pressure on its loss-making A220 lines.
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NewsFinnair looks to summer recovery as loss run continues into 2021
Finnair expects first quarter losses to be comparable to the levels lost in the three quarters since the pandemic hit after today disclosing a full-year operating loss of €595 million ($718 million).
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NewsFlydubai works on restoring Max flights after UAE approval
Flydubai is to start the process of returning its Boeing 737 Max aircraft to service after the UAE General Civil Aviation Authority (GCAA) cleared the type for operations again.
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NewsAir France-KLM braced for tough first quarter after €7bn loss in 2020
Air France-KLM is warning of an even more challenging first quarter of 2021 before it hopes to lift capacity in the summer after today posting a group net loss of €7.1 billion ($8.6 billion) for the pandemic-hit 2020
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NewsMTU forecasts uptick this year as 2020 revenue and profit hit by pandemic
German propulsion specialist MTU Aero Engines is cautiously optimistic of a recovery in commercial aerospace this year, as it revealed preliminary results for 2020 that saw both revenue and profit hammered by the effects of the pandemic.
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NewsWeak China Lunar New Year traffic offers little festive cheer
Chinese airlines carried just 3.57 million passengers across the seven-day Lunar New Year public holiday period, in what the country’s civil aviation regulators have called a “sharp drop” in passenger traffic amid a resurgence in the coronavirus.
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NewsAirbus brings year-end inventory level below 2019 figure
Airbus brought its inventory figure down to €30.4 billion at the end of 2020, below the previous year-end level of €31.5 billion. The inventory figure had sharply increased over the course of the year, reaching €37.5 billion during the first half, as deferrals and delivery difficulties meant Airbus experienced a ...
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NewsAirbus aims to match last year’s commercial aircraft delivery figure
Airbus is aiming to achieve at least the same number of commercial aircraft deliveries this year as the 566 it managed over the course of 2020. Its commercial aircraft operation generated a full-year earnings loss of €1.33 billion ($1.6 billion), after a 37% fall in revenues to €34.2 billion, contrasting ...
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NewsTwo forces create toxic mix for Indian airlines: IndiGo chief
IndiGo chief executive Ronojoy Dutta maintains that low fares and high taxes can be a fatal mix for airlines operating domestically in India.
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NewsQantas to build new flight training centre in Brisbane
Qantas will build a new flight training centre at Brisbane airport by the end of the year and expand existing facilities at Melbourne, as part of a wider relocation of training assets.
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NewsCathay’s January passenger load factor sinks to dismal 13.3%
Cathay Pacific reported its lowest ever passenger load factor in January, with passenger numbers for the month plunging to six-month lows, as it confronts an “extremely challenging” start to 2021.
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NewsFAA orders inspection of 222 Boeing 787s
The US Federal Aviation Administration will publish an airworthiness directive on 19 February ordering the inspection of cargo compartments on Boeing 787 type aircraft, adding to the list of safety and maintenance complications for the aircraft. The FAA estimates that 222 787 aircraft will be impacted, according to a copy ...
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NewsCebu Pacific finalises $260 million local-currency rights issue
Cebu Pacific has finalised details of its planned Ps12.5 billion ($258 million) rights offering, aimed at providing the Philippine low-cost carrier with funds to repay debts – including those owed to lessors – and ensuring it has sufficient funds to refund passengers.
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NewsUSAF rethinks future fleet, ponders clean-sheet 4.5-generation fighter
The US Air Force is studying a future fighter fleet that might include new Lockheed Martin F-16 fighters or possibly a clean-sheet 4.5-generation fighter.
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NewsRolling updates planned for HH-60W Combat Rescue Helicopter
After the original US Air Force requirements for the HH-60W Jolly Green II were overtaken by new threats within less than a decade – even before the first example of the rotorcraft was delivered – manufacturer Sikorsky is aiming to update the service’s Combat Rescue Helicopter on a rolling basis.
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NewsTwo Boeing board members to step down in latest shake up
Two Boeing board members to step down in latest shake up
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NewsDe Havilland to halt Dash 8 production, exit Downsview assembly site
De Havilland Aircraft of Canada will temporarily stop producing Dash 8s and begin vacating its Downsview Toronto production site in the second half of 2021.
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NewsUzbek start-up Qanot Sharq signs for A320s
Uzbek start-up carrier Qanot Sharq Airlines is taking a pair of Airbus A320s for its initial fleet, acquired from US lessor Air Lease. Qanot Sharq is based in Tashkent, the capital of Uzbekistan. At the MAKS Moscow air show in 2019, the airline signed an agreement – described as “soft” ...