All news – Page 475
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NewsDubai lessor DAE takes over large batch of 737 Max jets from China’s CALC
Middle Eastern lessor Dubai Aerospace Enterprise is to acquire a batch of 64 Boeing 737 Max jets, including Max 10s, from the Chinese leasing company CALC. The aircraft have a delivery schedule which runs from this year to 2026. DAE states that the portfolio includes the Max 8 and Max ...
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NewsChallenger fatally stalled as pilot tried to salvage unstable circle-to-land approach
US investigators have determined that a Bombardier Challenger 605 first officer’s attempt to rescue an unstable approach, after a series of crew lapses, caused the executive jet to stall and roll into a rapid fatal descent. The crew had been attempting a circle-to-land approach to runway 11 at California’s Truckee ...
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NewsHow dislodged engine intake cover downed UK F-35B in carrier mishap
Procedural shortcomings around the removal and stowage of protective engine intake covers aboard the Royal Navy (RN) aircraft carrier HMS Queen Elizabeth led to the UK’s loss of a Lockheed Martin F-35B on take-off, a formal investigation has concluded.
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NewsSpiceJet swings to first-quarter net profit
Indian low-cost carrier SpiceJet swung to a net profit of Rs2 billion ($24 million) in the quarter ended 30 June, compared with a loss of Rs7.9 billion in the corresponding period a yer earlier.
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News787 approach deviations in Hong Kong linked to autopilot flight-director issues
Hong Kong investigators have found that a software issue in a number of Boeing 787 autopilot flight-director systems led to a series of flightpath deviations in 2019.
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NewsTourism recovery keeps Thai carriers in the black
Thailand’s two full-service operators, Thai Airways International and Bangkok Airways, remained profitable in the second-quarter earnings, helped by a rebound in tourism, especially following the reopening of China’s international borders.
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NewsPAL promises ‘major’ product, digital revamp as Q2 profits increase
Philippine Airlines (PAL) is to double down on improving its product offerings, as the carrier improved its quarterly profit on the back of continued demand recovery.
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NewsSIA, Cathay, and Vietjet ramp up Australian capacity
Several Asian carriers are set to increase flying to Australia, with Singapore Airlines upgauging capacity on a number of key routes into the country, as part of a broader network ramp-up.
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NewsUS and China to allow more direct flights between the two countries
The US government has agreed to allow Chinese airlines to increase the number of direct flights between the two countries more than three years after the beginning of the global Covid-19 crisis, with the government of China apparently reciprocating.
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NewsCanada’s Air Transat to expand flying to Latin America this winter
Canadian leisure carrier Air Transat looks to gain a greater foothold in Mexico and South America starting in December.
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NewsUS imposes sanctions against Belarusian carrier and government jet
US authorities have imposed sanctions against the Belarusian flag-carrier Belavia, as well as a specific aircraft used by the country’s government. Belavia operates the aircraft, a Bombardier Challenger 850 – registered EW-301PJ – which is based on the CRJ200 regional jet. It was originally delivered in 2006 to Canadian private ...
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NewsRomania moves toward $6.5 billion F-35 buy
The Romanian defence ministry has requested parliamentary approval for an initial purchase of 32 Lockheed Martin F-35A stealth fighters, valued at some $6.5 billion.
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NewsAir Canada rides wave of international travel to second quarter profit
Air Canada generated second-quarter revenue of C$5.4 billion ($4 billion), up 36% from C$3.9 billion during the same period a year ago, as international travel rebounded strongly from the Covid-19 pandemic.
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NewsAir Arabia maintains strong momentum through second quarter
Middle Eastern budget carrier Air Arabia has turned in a 78% rise in first-half net profit, reaching Dhs801 million ($218 million), on revenues of more than Dhs2.8 billion. The Sharjah-based airline disclosed the performance after a strong second quarter during which it made a net profit of Dhs459 million – ...
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NewsTurkish Airlines lifts outlook after strong first half despite cargo decline
Strong demand in the passenger business during the first half has prompted Turkish Airlines to lift its full-year EBITDA expectations, despite a sharp fall in cargo revenues.
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NewsMexicana successor to start with 737 fleet after government seals compensation deal with workers
Mexico’s government is poised to create a new carrier based on defunct operator Mexicana’s assets, after securing a compensation agreement with workers to take over the brand. Overseen by the defence ministry, and led by a Mexican air force general, the new carrier will lease 10 Boeing 737-800s, with three ...
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NewsPoland moves closer to new order for 22 AW101 helicopters
A Polish order for 22 additional Leonardo Helicopters AW101s has moved a step closer after the country started negotiations with the manufacturer’s local subsidiary.
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NewsAccounting change brings volatility to Aeroflot’s reinstated financial results
Aeroflot’s reinstatement of financial disclosures earlier this month has given an insight into its performance in the year-and-a-half since the Ukrainian conflict began, although the picture has been complicated by changes to accounting methods and the effect of currency exchange. Application of the new federal accounting standard – which affects ...
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NewsChina’s ‘Big Three’ still expected to be loss-making in 2023: HSBC report
China’s three largest airlines are expected to be in the red in 2023, despite improving recovery prospects and the likelihood of a small profit in the second-half of the year, a HSBC Global Research report notes.
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NewsST Engineering aerospace profit holds steady amid continued recovery
ST Engineering’s commercial aerospace unit remained profitable for the half year, on the back of a significant jump in revenue led by “continued strong recovery”.