All news – Page 1116
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NewsStormBreaker approved for use on F-15E Strike Eagle
The US Department of Defense plans to start fielding the weapon on the US Navy’s Boeing F/A-18E/F Super Hornet later this year, followed by the Lockheed Martin F-35 at a later, undisclosed date.
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InterviewHow ‘War on Terror’ UAV maker General Atomics is pivoting to great power conflict
The San Diego-based company has reacted with a flurry of new initiatives in the past couple of years intended to hold onto existing business, seize new opportunities in the near future and ultimately maintain its position as the USA’s leading maker of armed reconnaissance UAVs going into the 2030s.
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NewsDelta posts $5.4bn Q3 loss, sees bright spots
Delta Air lines reported a third quarter loss of $5.4 billion as the airline begins to regroup following a catastrophic summer brought on by the coronavirus global pandemic.
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NewsDiverse UAE firm claims intention to bid for Israeli carrier Israir
United Arab Emirates-based investors are intending to bid for the Israeli leisure carrier Israir, one of the country’s main operators. NY Koen Group, a diversified holding company located in Dubai, says it will be submitting a bid to purchase the airline. Israir has a mix of Airbus A320 jets and ...
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NewsPorter pushes back restart to December
Canada’s Porter Airlines has pushed back its restart date for the sixth time as ongoing travel restrictions in Canada hamper the industry’s overall recovery in that country.
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NewsBreeze signs sale-and-leaseback deal covering five A220s
Planned US start-up Breeze Airways has signed a sale-and-leaseback agreement with lessor Voyager Aviation for five Airbus A220-300s.
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NewsAviation faces ‘systemic collapse’ without support: ACI and IATA
ACI World and IATA have issued a joint call for non-debt-generating financial support to “prevent the systemic collapse of the aviation industry”. “The Covid-19 pandemic remains an existential crisis, and airports, airlines and their commercial partners need direct and swift financial assistance to protect essential operations and jobs,” says ACI ...
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NewsBoeing cuts 51 Max from backlog in September, with no new orders
Boeing stripped 51 737 Max from its backlog in September and received no commercial aircraft orders in the month, partly reflecting the coronavirus pandemic’s continued impact on new-aircraft demand.
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NewsEU can impose $4bn penalty in transatlantic aircraft subsidies row
European Union authorities have secured the right to impose almost $4 billion in tariffs on US imports, including aircraft, in retaliation for harm arising from US government subsidies to Boeing. The decision from the World Trade Organization arbitrator, issued on 13 October, states that the level of countermeasures “commensurate with ...
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NewsCapacity ‘will go elsewhere’ if travel restrictions remain: Ryanair chief
The chief executive of Ryanair’s mainline operation has warned the Irish government that the carrier is able to place its aircraft elsewhere in Europe, as he lamented the country’s current restrictions on international travel. Noting that Ireland does not have a state-owned flag carrier, Eddie Wilson states on Ryanair’s new ...
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NewsUS government urges FAA to address cybersecurity risks to aircraft
The Federal Aviation Administration has not taken adequate steps to address the increasing risk of cyberattacks against commercial aircraft avionics, says a new report from the US Government Accountability Office (GAO).
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NewsFormer Wizz deputy chief to lead Canadian budget carrier Flair
Canadian low-cost carrier Flair Airlines has named former Wizz Air deputy chief executive Stephen Jones to lead the company. He will replace Flair’s outgoing president and chief executive Jim Scott, who will remain a shareholder of the airline. Source: Flair Airlines Jones served as deputy chief executive at ...
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NewsLufthansa shifting A350s to Frankfurt to take over 747 routes
Germany’s Lufthansa is to shift a batch of Airbus A350-900s to Frankfurt, where they will take over routes operated by Boeing 747-8s. Lufthansa has so far focused A350 deployment exclusively on its Munich hub. The airline has 43 of the twinjets on order and has received 16 of them. Four ...
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NewsFinnair develops ‘financial bazooka’ to survive crisis
Finnair has enough cash to survive until late 2021 with little or no flying, having introduced a raft of financial measures to ensure it can survive the coronavirus crisis
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NewsRotorcraft Asia postponed three months to mid-2021
The organiser of Singapore’s biennial Rotorcraft Asia and Unmanned Systems Asia (RCA-UMSA) event have postponed the show three months to 27-29 July 2021. The show, co-located at Changi Exhibition Centre with the Imdex naval show, had originally been planned for 30 March to 1 April 2021. Source: Greg ...
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NewsTrump lawyer and former UN ambassador proposed for El Al board
Israeli flag-carrier El Al’s shareholders are to meet in November to approve a new board of directors, including Jason Greenblatt, the former chief lawyer to US president Donald Trump. Greenblatt is one of six directors proposed for the board following the stock issue in September during which El Al underwent ...
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NewsChina Southern prices CNY16 billion convertible bond
China Southern Airlines has announced pricing of an upcoming convertible bond issue that is set to raise CNY16 billion ($2.4 billion) for the carrier. The bonds, convertible to mainland China-listed A-shares, will bear 0.2% interest in the first year, 0.4% in the second year, 0.6% in the third year, 0.8% ...
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NewsAirshow China confirms indefinite postponement, citing pandemic
The organisers of the biennial Airshow China event in Zhuhai have officially confirmed the show’s cancellation, a month after an initial announcement was hastily retracted. A notice on the show’s website gave no indication as to when the next show will take place, except to say that the new dates ...
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NewsChina Eastern parent gets CNY31 billion cash injection
China Eastern Airlines’ parent company, China Eastern Group, has received a CNY31 billion ($4.6 billion) capital boost from four state-owned enterprises. The four companies involved in the capital increase are China Life Investment Holdings, which will inject CNY11 billion; Shanghai Jiushi Group with CNY10 billion; as well as China Guoxin ...
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NewsSubtle shifts in travel may drive long recovery: trade group
As air travel struggles to return to pre-coronavirus levels, the industry is adopting new patterns of operating that might become permanent during a prolonged recovery, the airline trade group Airlines for America (A4A) says.