All news – Page 480
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NewsJetBlue and Air Serbia expand interline agreement to codeshare
JetBlue Airways has entered into a codeshare agreement with with Air Serbia, building on an interline agreement the two carriers have had since 2016.
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NewsBombardier ‘on track’ to hit 138-aircraft delivery target
Bombardier chief executive Eric Martel is “totally comfortable” about hitting the company’s 2023 delivery target of 138 aircraft, after today announcing second quarter results that show the Canadian business jet manufacturer’s recovery on track.
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NewsSpirit Airlines sees ‘softer’ summer demand; posts Q2 loss
Ultra low-cost carrier Spirit Airlines says summer travel demand was “softer than expected” as travellers chose more long-haul international destinations than domestic ones, while on-time performance suffered under air traffic challenges and instable summer weather.
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NewsFlexjet gets deeper into MRO with Flying Colours buy
Fractional ownership firm Flexjet has bought Canadian maintenance, repair and overhaul company Flying Colours to bring more of its MRO activities in house and differentiate itself from its rivals.
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NewsNo relief from supply-chain malaise ‘any time soon’: Rolls-Royce chief
Rolls-Royce chief Tufan Erginbilgic expects prolonged supply-chain problems, although he says the company has limited the impact of fires at two suppliers. The engine manufacturer states that it has built up inventory in order to meet demand in civil aerospace and counter supply-chain disruption. Speaking during the manufacturer’s half-year briefing ...
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NewsUS-Mongolian flights planned under new air transport pact
Flights between the USA and Mongolia are planned for next year, with the signature of an air transport agreement planned as part of a reinforced partnership between the two countries. Mongolian prime minister Luvsannamsrain Oyun-Erdene is holding talks with the US government during his first official visit. “For us, the ...
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Paid contentBombardier’s Smart Services Elite keeps it simple
Bombardier is no novice when it comes to providing comprehensive, peace-of-mind aftermarket support for its customers. Since introducing its initial service program in the 1980s, its cost-per-flight-hour portfolio – branded Smart Services – has become an industry leader. More than 1,600 Learjet, Challenger and Global operators rely on the parts ...
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NewsWizz Air swings to quarterly profit as ticket revenue soars
Central European budget carrier Wizz Air swung to operating and net profits during the April-June period, on record passenger numbers and high yields.
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NewsProfitable Lufthansa foresees ‘unabated’ demand across rest of 2023
Lufthansa Group’s adjusted EBIT surged above €1 billion ($1.1 billion) in the second quarter, buoyed by strong demand and high yields amid industry-wide supply constraints.
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NewsComac opens first overseas office in Jakarta
Chinese airframer Comac has reportedly opened a support office in Indonesia, its first overseas location, as a second C919 joins China Eastern Airlines.
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NewsWizz Air backs chief executive as shareholders object to remuneration policy
Central European budget carrier Wizz Air’s board has underlined its belief that chief executive Jozsef Varadi is vital to the airline’s strategic development, after a substantial shareholder contingent opposed management remuneration proposals. Over 25% of votes cast during a 2 August shareholders’ meeting opposed Wizz Air’s directors’ remuneration policy and ...
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NewsBeijing shifts large number of naval aviation units to air force
China appears to have conducted a major reorganisation of its naval airpower, with several key People’s Liberation Army Navy (PLAN) aviation units moving to the People’s Liberation Army Air Force (PLAAF).
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NewsLATAM posts Q2 profit of $145m as it expands its network
Chile’s LATAM Airlines Group posted a $145 million profit for the second quarter, as it strengthened its network and diversified revenue streams.
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NewsJoby flies production prototype of its electric air taxi
Joby Aviation says that it has successfully flown the production prototype of its in-development electric vertical take-off and landing (eVTOL) aircraft for the first time.
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NewsJoby loses $286m in second quarter, reports $1.2 billion cash position
Electric air taxi developer Joby Aviation continues burning cash as it pushes for certification and service-entry of its aircraft, reporting a loss of $286 million in the second quarter.
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NewsSpirit Aerosystems takes Q2 earnings, deliveries hit due to strike and 737 quality issue
Spirit Aerosystems, which makes Boeing 737 fuselages and other components, said it lost $206 million during the second quarter, as it was hit by a work stoppage and a vertical fin quality issue on the 737.
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NewsAllegiant posts $89m Q2 profit, reports delayed 737 Max deliveries
Allegiant Travel Company, parent of Allegiant Air, reports making a profit of $88.5 million in the second quarter “in the face of high demand and operational complexity”.
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NewsWizz seals order for 75 A321neos after shareholder approval
Wizz Air shareholders have approved the firming of 75 Airbus A321neo purchase rights, a plan originally disclosed by the carrier nearly 11 months ago. Approval for the purchase was secured at an extraordinary general meeting on 2 August. Wizz Air’s board says the proposal received “strong shareholder support”, and it ...
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NewsSurf completes acquisition of Southern, orders up to 150 Cessna Grand Caravans
Surf Air Mobility has completed its acquisition of US regional carrier Southern Airways, and now turns attention to its fleet expansion and electrification plans.
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NewsIndiGo to launch venture capital arm
IndiGo is seeking regulatory approval for the launch of a venture capital arm.