All news – Page 1097
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NewsJAL to raise Y168 billion in foreign and domestic share placements
Japan Airlines is looking to raise nearly Y168 billion ($1.6 billion) in share placements, part of which will go toward fleet development, as well as to its newly-formed low-cost unit Zipair Tokyo. The Oneworld carrier will issue more than 90 million shares, with nearly two-thirds to be offered in domestic ...
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NewsEasyJet further cuts winter capacity and sells more aircraft
EasyJet will now operate no more than 20% of its planned capacity in the last quarter of the calendar year and has sealed sale-and-leaseback deals covering a further 11 aircraft as it continues efforts to counter the crisis.
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NewsLeonardo waits on ATR recovery as 2020 deliveries slide to one unit in first nine months
Leonardo remains confident that its ATR turboprop joint venture will recover to a “normal” level of annual deliveries in the future after it was revealed that it shipped just one aircraft in the first nine months of this year, but says it cannot forecast when that will be.
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NewsScottish government attempts again to sell Glasgow Prestwick airport
Scotland’s government is to embark on a renewed effort to sell Glasgow’s Prestwick airport to a private investor, following the recent withdrawal of a potential buyer. Prestwick had been managed by New Zealand firm Infratil until 2013 when it sold the airport, for a token price, to the Scottish government. ...
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NewsBAE, Boeing, Lockheed respond to new Japanese F-X RFI
BAE Systems, Boeing, and Lockheed Martin have replied to a request for information (RFI) related to work on Tokyo’s F-X future fighter programme. Japan’s Acquisition, Technology & Logistics Agency (ATLA) confirms that the RFI was issued on 16 September, with seven companies showing initial interest. Only BAE, Boeing and Lockheed ...
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NewsGMF AeroAsia falls to steep nine-month loss
GMF AeroAsia continued its loss-making streak for the year, reporting an operating loss of $178 million for the nine months ended 30 September. This was in contrast to the $24.5 million operating profit it made during the same period last year, and a significant jump from its six-month loss of ...
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NewsF-35 gives European air forces an edge over Russia, but coordination is key
The growing number of Lockheed Martin F-35 Lightning II stealth fighters possessed by European air forces would give the NATO alliance an edge over Russia in high-intensity conflict.
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AnalysisLessors submit proposals to Thai Airways – reluctantly
Thai Airways’ lessors were given a 4 November deadline to tell the carrier what by-the-hour rates, rental haircuts, and other concessions they would be willing to offer the struggling flag carrier to help with its restructuring. Sixteen lessors have exposure to the airline and its subsidiaries, to the tune of ...
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NewsEmbraer and Porsche team up to sell Phenom-911 combos
Embraer and Porsche have launched a limited-edition vehicle couple they call “Duet”, available for delivery beginning in mid-2021.
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NewsLawsuit seeks to force release of FAA’s 737 Max ‘ungrounding’ documents
A US advocacy group has asked a federal judge to order the Federal Aviation Administration to release some 100 documents related to the agency’s pending re-certification of the Boeing 737 Max.
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NewsCockpit union dissuades prospective pilots from enrolling to train
UK cockpit crew representatives have taken the unusual step of warning against embarking on a career as a commercial pilot, given the expense and diminished prospects of employment. The UK pilot union BALPA says the crisis means there are fewer jobs for cockpit crew, and competition for places will be ...
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NewsGermany closes on order for new batch of 38 Eurofighters
Germany is expected to sign in the coming days for a batch of 38 new Eurofighters to replace its earliest Tranche 1 examples. Parliamentary approval for the deal was secured on 5 November, and Berlin will now proceed with what it refers to as Project Quadriga, says the nation’s defence ...
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NewsFresh lockdown prompts British Airways to suspend Gatwick flights
British Airways is suspending flights at London Gatwick airport as a result of the fresh national lockdown in the UK which took effect today. The Oneworld carrier, which consolidated flights at London Heathrow airport during the first wave of the pandemic earlier this year, says it is reducing flights at ...
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NewsUK fraud investigators probe Bombardier over Garuda Indonesia deals
UK fraud investigators are probing aircraft manufacturer Bombardier over contracts relating to Asian carrier Garuda Indonesia. The Serious Fraud Office states that it is investigating the manufacturer over “suspected bribery and corruption” in connection with orders or agreements with Garuda. It has not elaborated on the probe, pointing out that ...
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NewsLufthansa outlines long-haul fleet plan for Eurowings
Lufthansa Group foresees that Eurowings will operate no more than seven long-haul aircraft in 2021 amid plans for the low-cost subsidiary’s intercontinental operations to be consolidated in new unit Ocean.
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NewsBombardier plans restructuring as it transitions to aviation-only company
Bombardier has broadly laid out a plan to return to profitability in the coming years as a standalone aviation company that will deliver 100 to 120 business jets annually.
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NewsIberia deploys first converted Airbus A330 freighter
Iberia has put its first converted Airbus A330 freighter into service, operating on flights between Madrid and Los Angeles.
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NewsNorwegian debt-equity swap follows 90% fall in October traffic
Scandinavian low-cost carrier Norwegian has converted another €1.7 million ($2 million) of debt into equity after perpetual bondholders agreed to swap loans for shares. The bonds are being converted into nearly 4.6 million new, freely tradeable shares in the company, states Norwegian in a 5 November notice to the Oslo ...
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NewsWizz maintains focus on A321neo as fleet expansion slows
Wizz Air’s latest fleet plan projects a slower overall increase in the number of aircraft, compared with the beginning of this year, but with a focus on expanding the A321neo rather than the A320neo fleet. At the beginning of 2020, before the onset of the air transport crisis, the carrier ...
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NewsAir cargo demand helps Korean to Q3 operating profit
Air cargo demand helped Korean Air eke out an operating profit of W7.6 billion ($6.5 million) in the third quarter — its second consecutive profitable quarter since the coronavirus struck — but its overall revenue was down more than half from a year earlier. The W7.6 billion operating result for ...