All news – Page 1130
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NewsSAA suspends operations as rescuers seek to preserve finances
South African Airways has suspended all airline operations while its rescuers assess options to obtain urgent funding for the embattled flag-carrier. While the government has been claiming continuous engagement with potential funding sources, SAA’s rescue practitioners have warned of dwindling reserves, and have been keeping creditors updated over the deteriorating ...
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NewsChina Eastern tweaks bellyhold cargo deal with China Cargo
China Eastern Airlines has adjusted its bellyhold freight business deal with sister carrier China Cargo Airlines, in light of changing market conditions following the coronavirus outbreak. The SkyTeam carrier states that the adjustments come amid falling demand for passenger transport, as well as its recent foray into the “unconventional ...
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NewsJetstar Japan posts 21% decline in full-year operating revenue
Jetstar Japan’s operating revenue declined 21% to Y47.9 billion ($454 million) for the fiscal year ended 30 June, as it grappled with the impact of Covid-19. “Despite strong performance in the first half of the fiscal year, the second half was significantly affected by the sharp decline in aviation demand ...
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NewsNorthrop reiterates call for accelerated Australian MQ-4C Triton buy
Northrop Grumman has reiterated its call for Canberra to move its acquisition of the MQ-4C Triton unmanned air vehicle (UAV) forward to help fill a potential two-year production gap. The company notes that the platform has proven effective since the US Navy (USN) deployed a pair of the high-altitude, long-endurance ...
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In depthFAA administrator Dickson in Seattle for Max training ahead of 30 September flight
Federal Aviation Administration chief Steve Dickson arrived in Seattle on 29 September and will complete new 737 Max pilot training requirements before flying the Max on 30 September.
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NewsNo commitment on final date, but Bell 525 certification tests ‘finishing’
Certification tests of the Bell 525 Relentless “are finishing” says Bell, but the date when the super-medium, twin-engined helicopter will cross the finish line remains undisclosed.
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NewsSpirit terminates Asco acquisition plan, warns of Bombardier deal fallout
Spirit AeroSystems has terminated its planned $420 million acquisition of aerospace component maker Asco, while warning it may face lawsuits related to a now-uncertain plan to acquire Bombardier’s aerospace businesses.
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NewsAir France to operate last flight from Tegel
Berlin’s airport operator has confirmed that Air France will conduct the last flight from the German capital’s Tegel airport on 8 November – 60 years after the French flag carrier became the first civilian operator at the former military airfield.
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NewsNew digital engineering technologies said to deliver up to 30% cost savings
Digital-engineering and -manufacturing processes have already revolutionized how aerospace products are designed and built.
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NewsLufthansa cancels Indian flights amid route rights row
Lufthansa is calling for a temporary agreement between Germany and India after it was forced to cancel flights to the country until 20 October amid a row over access under the current travel bubble arrangements. Germany was one of several countries India negotiated a “travel bubble” agreement with in the ...
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NewsUS House bill offers airlines $25bn in additional coronavirus relief
The US House of Representatives is considering an additional coronavirus relief package that would extend the payroll support programme (PSP) for aviation workers through March 2021.
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NewsCaribbean Airlines to reduce salaries, lay off staff
Caribbean Airlines is implementing cost cutting measures including salary reductions, temporary layoffs and reducing discretionary spending in order to manage through the coronavirus crisis.
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NewsAir cargo capacity recovery stalled in August: IATA
Efforts to restore air cargo capacity made little progress in August as the market remained hamstrung by grounded passenger fleets, new IATA figures reveal
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NewsTAP defers lease payments and looks to sell up to eight aircraft
TAP Air Portugal has negotiated payment deferrals covering about 60% of its leased fleet, and is looking at selling up to eight Airbus narrowbodies as well as returning some aircraft early to lessors.
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NewsRussian domestic traffic tops pre-crisis levels in August
Fresh data published by airline association IATA shows passenger traffic in the Russian market surpassed 2019 levels, but that it was a far from uniform picture of improvement across key domestic markets.
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NewsGKN Aerospace chief executive Hans Buthker resigns
GKN Aerospace is looking for a new chief executive after the sudden resignation of incumbent Hans Buthker.
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NewsAir Serbia settles debt with Etihad bondholders
Air Serbia has disclosed its repayment of a $57.6 million loan from special-purpose vehicle EA Partners.
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NewsCorsair shareholder to sell majority stake
Corsair’s majority shareholder Intro Aviation intends to sell its stake in the French carrier.
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NewsIATA lowers 2020 passenger traffic hopes on stalled recovery
Airline trade body IATA has lowered its expectations for global passenger traffic this year amid a plateauing in the recovery and bleaker forward booking indicators. IATA now anticipates passenger traffic, as measured in RPKs, this year will be 66% down on 2019 levels. This marks a deterioration on its previous ...
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NewsDublin Aerospace sets up UK operation in former Flybe hangar
Maintenance provider Dublin Aerospace has established a UK subsidiary at the hangar facilities of defunct regional carrier Flybe at Exeter airport.