All news – Page 997
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AnalysisCrisis forces Vilnius airport operator to tear up new terminal contract
Crisis conditions in the air transport sector have forced a rethink on the construction of a new terminal at Lithuania’s gateway airport in the capital Vilnius. The airport operator is to re-tender for the work after agreeing with the current construction firm, Mitnija, to scrap the contract as a result ...
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NewsAustrian to reduce fleet and staffing levels
Austrian Airlines intends to make further cutbacks to its active fleet and headcount, and has warned that it will miss the earnings targets it outlined last year.
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In depthHow airlines stepped up to tackle wildlife trafficking
An increasing number of airlines are joining the international effort to clamp down on illegal wildlife smuggling, as the Covid-19 crisis brings the danger of zoonotic pandemics sharply into focus.
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NewsFinnair signals interest in up to 20 of Heart’s ES-19 electric aircraft
Finnair has signed a letter of interest through which it could acquire up to 20 electric-powered regional aircraft under development by Heart Aerospace. The 19-seat aircraft project, the ES-19, was unveiled by the Swedish-based manufacturer in 2019. Heart Aerospace is aiming to put the aircraft into commercial service in 2026. ...
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AnalysisEl Al remains financially burdened after year of heavy losses
El Al remained in a state of balance-sheet insolvency at the end of 2020, with total liabilities exceeding its total assets by $256 million. The airline’s current assets as of 31 December 2020 had fallen to $186 million from the previous end-of-year level of $486 million. But its current liabilities ...
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NewsRyanair chief doubts digital health passports will take off
Processes for passengers to prove either Covid-19 vaccination or negative test results are likely to play a role in the opening up of European airline markets, but more comprehensive digital health passports are not, in the view of Ryanair group chief executive Michael O’Leary.
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NewsEASA clears 90-seat Dash 8-400 for European operations
European operators of the De Havilland Canada (DHC) Dash 8-400 could soon be carrying up to 90 passengers in the twin-turboprop after the bloc’s regulator approved the modification.
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NewsAmerican prepays CARES Act loan with $10bn financing proceeds
American Airlines has closed a previously announced $10 billion financing backed by its customer loyalty programme and used a portion of the proceeds to prepay its CARES Act loan to the US Treasury.
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NewsEl Al unveils full-year losses of more than $530m
Israeli flag-carrier El Al has revealed the extent of the pandemic’s financial damage on the airline, turning in a full-year net loss of $531 million. El Al’s pre-tax loss reached $561 million. The airline’s revenues reached just $623 million for the year to 31 December 2020, a fall of 71%, ...
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NewsVietnamese airlines seek loans to help them through pandemic
The suspension of international flights amid the coronavirus pandemic will cost Vietnamese airlines D15 trillion in 2021, according to the country’s Vietnam Aviation Business Association.
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NewsCargo focus helps China Airlines eke out profit in 2020
A strategy of “prioritising cargo over passenger services” during the coronavirus pandemic has helped China Airlines stay in the black, despite a sharp decline in passenger travel demand.
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AnalysisLHT looks back on ‘leap of faith’ into the Philippines
Lufthansa Technik’s establishment of a maintenance site in Manila in 2000 was a central step for the German MRO provider to build up an international facility network and gain access to local customers, recalls the Philippine operation’s chief executive Elmar Lutter.
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OpinionFleet composition crucial to Nok’s rehab plan draft
Nok Air needs to work out a viable fleet strategy before putting pen to paper on the first draft of its rehabilitation plan, which is now due for submission on 15 April after the airline got a one-month extension.
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NewsBell has completed 30% of 360 Invictus for US Army FARA programme
Bell has completed 30% of the 360 Invictus winged helicopter for the US Army’s Future Attack Reconnaissance Aircraft programme.
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NewsALPA sets out policy priorities in white paper
US pilot union Air Line Pilots Association, International (ALPA) is calling on the industry to revisit numerous labour, safety, subsidy and collective bargaining issues that for the past year have taken a back seat to the coronavirus pandemic.
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NewsBell sees V-280 and V-247 having ‘synergy’ with US Navy FVL Maritime Strike
Bell believes its work on the V-280 Valor tiltrotor for the US Army and the unmanned V-247 Vigilant tiltrotor concept for the US Marine Corps ought to have “synergy” with the US Navy’s Future Vertical Lift (FVL) Maritime Strike programme.
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NewsBell sees its APT cargo UAV as being attritable in combat
Bell believes it will be able to design and build its Autonomous Pod Transport cheap enough for the unmanned air vehicle to be considered attritable.
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NewsStart-up Norse Atlantic plans $152 million private placement
Norwegian long-haul start-up Norse Atlantic is seeking to raise NKr1.28 billion ($152 million) via a private placement and plans to list on Olso’s Euronext Growth exchange.
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NewsMC-21 transferred to northern Russia for natural icing test flights
One of the Irkut MC-21-300 test aircraft has been flown to Arkhangelsk in northern Russia to undergo natural icing certification tests. The aircraft, number 73051, is the same jet that was involved in a runway excursion at Moscow Zhukovsky in January while it was performing simulated single-engine approaches. Arkhangelsk is ...
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NewsElbit sidesteps pandemic impact to increase sales
Israeli company says its defence businesses were not materially affected by the crisis during 2020.