All news – Page 991
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NewsLufthansa to seek shareholder authority for possible capital increase
Lufthansa Group is to seek approval from shareholders for a potential €5.5 billion ($6.5 billion) capital increase aimed at repaying equity invested in the carrier last year through Germany’s economic stabilisation fund (WSF).
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NewsWestJet lays off another 415 pilots
Canada’s WestJet has laid off another 415 pilots as the coronavirus crisis continues to tear through that country’s aviation sector.
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NewsFrontier shares begin trading on Nasdaq
Frontier Airlines’ stock began trading at $19 per share on the Nasdaq exchange on 1 April, raising $266 million in net proceeds for the Denver-based airline.
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NewsMajali returns as CEO of Royal Jordanian
Samer Majali is back as chief executive of Royal Jordanian Airlines, returning to a position he left more than 10 years ago.
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NewsAirbus A330 MRTT cleared to pursue Canadian tanker deal
Canada has notified Airbus Defence & Space that its A330 multi-role tanker transport (MRTT) has been qualified to bid in a process to replace its air force fleet of A310s. A rival offer of the Boeing KC-46 Pegasus was rejected by Ottawa.
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NewsMBDA boss keeps coy about hypersonic aspirations
While Europe is lagging behind China, Russia and the USA in the development and fielding of hypersonic missiles, MBDA chief executive Eric Beranger hints that the company is working on all the supporting technologies required to develop such a system.
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NewsNorway outlines coastguard helicopter lease plan to make up for NH90 shortfall
Norway is to lease in helicopters to perform border protection and other coastguard missions after its fleet of NH Industries NH90s failed to meet avilability targets.
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NewsAnduril acquires air-launched effects maker Area-I
Anduril Industries, a venture-capital backed start-up, has acquired another start-up, air-launched effects maker Area-I.
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NewsWillie Walsh takes over as IATA chief
Describing his passion for the airline industry, Walsh notes that IATA’s work has never been more “critical… than during the Covid-19 crisis”.
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NewsTranche 1 Typhoon retirement will have no impact, says RAF chief
Retirement of the UK’s Tranche 1 Eurofighter Typhoons will not result in operational problems for the Royal Air Force, says chief of the air staff Air Chief Marshal Sir Mike Wigston.
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NewsSouth Korean start-up Air Premia receives first aircraft
South Korean carrier Air Premia has received its first aircraft, a new Boeing 787-9 from Air Lease (ALC).
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NewsMBDA ready to advance Anglo-French Storm Shadow successor
MBDA expects to later this year advance to its next phase an Anglo-French project to develop a replacement for its Storm Shadow/SCALP-EG cruise missile, says chief executive Eric Beranger.
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NewsMNG opts for A330-300 freighter conversions after dropping A330-200Fs
Turkish carrier MNG Airlines has signed up for two Airbus A330-300 converted freighters, having previously abandoned orders for new-built A330-200Fs. MNG Airlines has contracted with joint-venture conversion specialist EFW for the two passenger-to-freighter aircraft, the first of which has been newly inducted to EFW’s Dresden facility for modification. This aircraft, ...
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NewsChina’s ‘Big Three’ forecast to be loss-making in 2021: HSBC report
A HSBC Global Research report has forecast China’s three largest carriers to continue their loss-making streak this year, although it was likely they would narrow their losses on the back of higher domestic traffic.
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NewsItalian start-up Ego Airways begins Embraer E190 flights
Italian start-up Ego Airways has launched operations with a single leased Embraer 190, and plans to expand its fleet to include two additional E190s.
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NewsChinese majors give indication on future of 737 Max orders
China Eastern Airlines expects Boeing 737 Max deliveries to resume from 2023 — even while it works with the airframer to return the aircraft to service.
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NewsSpiceJet signs MoU for financing of 50 aircraft
SpiceJet has signed a memorandum of understanding (MoU) with US investment firm Avenue Capital for the financing of 50 aircraft, including via sale-and-leasebacks.
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NewsAlliance Airlines cleared for commercial operations with E190s
Australia’s Alliance Airlines will on 10 April launch commercial service with its recently acquired Embraer E190 fleet, out of Adelaide and Darwin. The regional operator, which previously operated an all-Fokker fleet, received regulatory approval from the Civil Aviation Safety Authority on 31 March and received a revised Air Operators Certificate. ...
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NewsSouth Korea to obtain 36 new attack helicopters for army
South Korea’s Defense Acquisition Program Administration (DAPA) has earmarked funds for new attack helicopters, and for the development of a minesweeping version of the Korea Aerospace Industries (KAI) KUH-1 Surion.
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NewsBamboo Airways clinches London Heathrow slots
Vietnamese carrier Bamboo Airways has secured slots to operate flights to London Heathrow airport.