All news – Page 974
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NewsSteep impairment costs drag troubled Hainan Airlines to record full-year loss
Troubled Hainan Airlines reported a record operating loss for the year ended 31 December, as heavy impairment costs and a steep decline in revenue punished its earnings.
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NewsJetBlue takes delivery of its first A321LR
JetBlue Airways has taken delivery of its first Airbus A321LR aircraft, with which it intends to launch transatlantic service later this year.
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NewsUSA approves Australia to buy four CH-47F Chinook cargo helicopters
The US Department of State has approved the sale of four Boeing CH-47F Chinook cargo helicopters to Australia for an estimated $259 million.
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NewsGlimmers of optimism for US MRO sector, recovery pace unclear
The Covid-19 pandemic has jumbled the aircraft maintenance and repair industry, driving down prices for some aircraft components and leaving MRO shops reeling from depressed demand.
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NewsEuropean propulsion partners agree framework for engine on Next Generation Fighter
A trio of European propulsion specialists have thrashed out an agreement that will enable the creation of a new engine to power the Next Generation Fighter being developed by France, Germany and Spain.
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NewsProfitability will return with business and long-haul travel: United’s Kirby
United Airlines’ chief executive Scott Kirby says that the carrier will not turn a profit until business travellers and long-haul international travellers return in greater numbers.
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NewsCargo proves strong as Icelandair awaits passenger traffic recovery
Icelandair Group has highlighted cargo activity as a strong performance area in the first quarter, a period in which the company generated a net loss of just over $30 million. Revenues for the first three months of the year reached $57.3 million, a decline of 73%, but the company points ...
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NewsGol sees bookings rise as Covid cases recede
Brazilian airline Gol expects sales to pick up as the second wave of the coronavirus recedes in that Latin American country, and potential customers begin to once again make travel plans.
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NewsNorwegian aims to fly 50 aircraft this year, once restrictions lift
Restructuring low-cost carrier Norwegian plans to ramp-up its operations to a peak of 50 short-haul aircraft this year once travel restrictions are lifted and to reach 70 aircraft next year.
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NewsKLM aims to complete 737-800 cabin upgrades by March 2022
Dutch carrier KLM has debuted a cabin upgrade for the first of 14 Boeing 737-800, a fleet revamp it aims to complete by March next year.
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NewsLufthansa reducing cash outflow as it looks to possible capital increase
Lufthansa Group has repaid about half the €2.3 billion ($2.8 billion) it drew through German stabilisation measures and is seeking shareholder authority for another possible capital increase. “The timing and amount of a possible capital increase have not yet been decided. It will depend on various factors, not least of ...
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NewsTransat secures C$700m in government aid
Transat, the parent company of Canadian leisure carrier Air Transat, has reached a deal to borrow up to C$700 million ($569 million) from the Canadian government.
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NewsEmbraer delays E175-E2 service entry one year
Embraer has delayed the E175-E2’s service entry by one year, until 2024, saying it is continuing certification work on the regional jet, but on a revised timeline.
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NewsEmbraer narrows Q1 loss, takes order for 30 E-Jets
Brazilian airframer Embraer says it is confident of the company’s post-coronavirus future after posting higher sales and a smaller loss for the first quarter of the year.
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NewsNorway readies for arrival of 12th NH90
Norway has resumed acceptance activities related to the NH Industries (NHI) NH90 as it readies to take delivery of its 12th example later this year.
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NewsAirbus signals intention to address ‘weak’ presence in freighter market
Airbus has signalled that it intends to reinforce its participation in the freight sector, after admitting that it has a relatively poor presence in the market. The airframer only has a single dedicated freighter, the A330-200F, in its aircraft range, having previously ceased production of the older A300-600F and opting ...
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NewsAirbus yet to decide on future of Cadiz aerostructures site
Airbus is yet to clarify the future of its Spanish plant at Puerto Real in the Cadiz region, following the decision on re-organisation of its aerostructures business in France and Germany. The Puerto Real facility depends heavily on twin-aisle production, manufacturing horizontal stabiliser boxes for the Airbus A350 and A330 ...
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NewsFaradair names former Boeing figure Tinseth to lead hybrid-aircraft advisory board
UK electric aircraft start-up Faradair has recruited former Boeing commercial aircraft vice-president of marketing Randy Tinseth to head its advisory board. It has also signed up former EasyJet executive Tony Anderson to the panel. Faradair says it has made the appointments to “help steer the company through its next phase ...
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NewsLufthansa to operate 40% capacity this year after posting €1.1bn Q1 loss
Lufthansa Group expects to operate around 40% of pre-crisis capacity across this year after today disclosing an adjusted EBIT loss of €1.1 billion ($1.3 billion) as the pandemic continued to hit traffic in the first quarter.
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NewsAirbus commercial aircraft earnings improve over first quarter
Airbus’s commercial aircraft earnings improved over the first quarter, despite a 4% fall in revenues for the division. The airframer turned in EBIT earnings of €343 million ($416 million) for the three months to 31 March, on revenues of €7.27 billion. Its adjusted EBIT reached €533 million, compared with the ...