All news – Page 580
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NewsNATO next-generation helicopter could be flying by 2030 under prototype plans
Prototypes of a next-generation helicopter destined for NATO forces could be flying around 2030 if plans being touted by the alliance come to fruition.
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NewsIAG chief expects Spanish acquisition, with greater market ‘certainty’ supporting Air Europa deal
IAG group chief executive Luis Gallego sees “more certainty” in the market as providing greater hope that it can complete a deal for Air Europa after a previous acquisition attempt collapsed in late 2021.
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NewsRolls-Royce presents opportunity for cost-cutting through synergies: new chief
Rolls-Royce chief executive Tufan Erginbilgic argues that the company can still afford to undertake further cost-reduction measures despite the extensive restructuring carried out during the pandemic. Speaking during the company’s full-year briefing on 23 February, Erginbilgic said the previous cost-cutting efforts had focused primarily on civil aerospace and had been ...
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NewsSpanish carriers lead IAG profit return in 2022
All four of IAG’s major airlines returned to the black in 2022, a year in which its Spanish carriers Iberia and Vueling came closest to matching pre-pandemic operating profitability.
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NewsBluebird 737 freighter destabilised by ballast shift during Paris approach
Investigators are probing an apparent ballast shift on board a Bluebird Nordic Boeing 737-400SF during its descent towards Paris Charles de Gaulle. The incident involving the Icelandic-registered freighter occurred on 10 February, according to French investigation authority BEA, which is citing preliminary information from its Icelandic counterpart. BEA says the ...
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NewsOptimistic SAS lifts long-term financial forecast over strong demand
Scandinavian carrier SAS is reviewing long-term financial projections for 2024-26, with preliminary indications that stronger-than-expected demand will generate higher revenues and earnings towards the end of this period. SAS had previously estimated revenues of SKr49 billion ($4.7 billion) for 2026 but believes this figure will be greater, while it is ...
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NewsIAG agrees deal to acquire full control of Air Europa
Iberia parent IAG has agreed a deal with Air Europa owner Globalia to acquire the remaining 80% of the Spanish carrier in a transaction it expects to take 18 months to clear regulatory approvals.
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NewsIndustry recovery lifts ST Engineering’s aerospace revenue
The Commercial Aerospace division of ST Engineering saw revenue for its 2022 financial year rise 21% year on year to S$3 billion ($2.2 billion) as the aviation industry continued to recover from the coronavirus pandemic.
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NewsFA-50 wins Malaysia’s light combat aircraft competition
The Korea Aerospace Industries FA-50 has won Malaysia’s Fighter Lead In Trainer-Light Combat Aircraft requirement for 18 aircraft.
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NewsBangkok Airways slashes full-year loss on Thai tourism recovery
Bangkok Airways narrowed its operating loss for 2022, as revenues doubled on the back of significant growth in passenger numbers.
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NewsBoeing once again halts 787 deliveries, this time due to ‘analysis error’
Boeing has once again halted deliveries of its 787 Dreamliners due to what it calls “an analysis error” by one of its suppliers.
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NewsAmerican’s Smith will succeed Parker as chairman of the board
American Airlines has named current board member Greg Smith as its new chairman, succeeding Doug Parker, who is retiring.
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NewsAvelo targets three more underserved US airports for nonstop service
Discount start-up Avelo Airlines is planning a springtime expansion of its national network with three new destinations in Colorado, Texas and Virginia, bringing the total number of cities it serves to 35.
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NewsSoon-to-be-acquired Atlas Air posts profitable Q4, but cargo demand slips from 2021
US air cargo company Atlas Air Worldwide made $126 million during its fourth quarter of 2022 and $356 million for the full year – “one of the best years in Atlas’ history”, chief executive John Dietrich said on 23 February. The freight hauler’s results were down from 2021, however.
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NewsBoeing to cease F/A-18 production by end-2025
On 23 February, Boeing disclosed plans to cease production of the venerable fourth-generation fighter in late 2025 after delivering the final jet to the US Navy.
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NewsAir Canada and United to offer more than 260 daily transborder flights from June
Star Alliance partners Air Canada and United Airlines are upping their offering between the USA and Canada during the upcoming Northern Hemisphere summer travel season.
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NewsBoeing shifts stance on prime contractor role for NMH
Boeing has shifted its approach to the UK’s New Medium Helicopter (NMH) contest and is no longer pursuing the requirement as a prime contractor, FlightGlobal understands.
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NewsNew Rolls-Royce chief tears into underperformance and strategic weakness
New Rolls-Royce chief executive Tufan Erginbilgic has given a withering assessment of the company’s strategic and financial performance as it unveiled its full-year results. Rolls-Royce has been “underperforming for an extended period”, he said during a presentation on 23 February. “Cash generation is unsatisfactory. Our debt is still too high. ...
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NewsGA manufacturers shrug off supply chain snags with strong 2022 performance
The body that represents business and general aviation manufacturers is putting a positive spin on supply chain pressures that have led to customers waiting longer for aircraft, suggesting they put a helpful “governor” – or speed limiter – on unsustainable demand.
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NewsBAE reports record order intake, as chief executive eyes future growth
BAE Systems secured orders worth £37 billion ($44.5 billion) in 2022, up from almost £21.5 billion during the previous 12 months.