All news – Page 1223
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NewsKorean Air raises $1.8 billion from new shares and government aid
Korean Air will raise W2.2 trillion ($1.8 billion) in fresh capital – W1 trillion from a new share issue and W1.2 trillion in government aid – to overcome challenges posed by the Covid-19 pandemic. The carrier will issue 79 million shares at W12,600 each, a move it says was decided ...
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NewsUS Army to receive AH-64E Version 6 upgrade, with ship and UAV hunting capabilities, in August
The US Army is to start receiving the Version 6 hardware and software update for the Boeing AH-64E Apache attack helicopter in August. Boeing says it has already delivered the update to one international customer, though it declines to name the nation. The update improves the AH-64E’s maritime and unmanned ...
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NewsUS Air Force works towards in-flight updates of F-16 software
The service believes updating software on the fly will reduce fielding time to its fleet by 50%.
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NewsQatar plans near 20% staff and fleet cuts; pledges support for investments
Group chief indicates carrier will retire around 50 aircraft and almost a fifth of its staff in the wake of the coronavirus pandemic.
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NewsUS Senators introduce coronavirus flight ticket cash refund legislation
A group of Democratic US Senators have proposed legislation that require airlines offer full cash refunds for all tickets that were cancelled either by the airline or by the passenger during the coronavirus pandemic.
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NewsIATA: Passenger demand may not recover until 2024
IATA has warned the coronavirus crisis will result in semi-permanent damage to the airline industry and may subdue passenger revenues until 2024.
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NewsEASA to set out ‘safety protocol’ for restoration of air transport
Europe’s aviation safety authority is to set out, in the next few weeks, technical operational guidelines to enable the air transport industry to adopt a co-ordinated approach to restoring airline travel.
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NewsCarriers should enhance voucher appeal to relieve refund pressure: EU
European Union regulators have laid out guidelines intended to reduce the pressure on airlines to refund passengers for flights cancelled through the coronavirus crisis, by enhancing the appeal of voucher schemes. The European Commission’s executive vice-president, Margrethe Vestager, stated during a briefing on travel and tourism strategies on 13 May ...
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AnalysisMainline deliveries slump by over 50% during first four months
Deliveries across the two mainline aircraft manufacturers’ production lines fell by more than half during the first four months to less than 200 aircraft, as the coronavirus pandemic began to have a major effect.
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NewsQantas postpones new Airbus, Boeing deliveries
Qantas is pushing back aircraft deliveries for as long as the Covid-19 pandemic persists. “We have advised Boeing and Airbus that we won’t be taking delivery of any new aircraft while the current [Covid-19] crisis continues and present levels of uncertainty persist,” the carrier tells Cirium. “Naturally ...
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NewsTUI Group to ‘right-size’ airlines as cuts affect 8,000 staff
Leisure giant TUI Group is aiming to cut or avoid recruiting around 8,000 personnel as it looks to overhaul its global activities in response to the coronavirus crisis. TUI Group says it will “right-size” its airlines and its order book, as well as divest non-profitable businesses. It is intending to ...
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NewsAvalon Airshow pushed back to late 2021
Next year’s Avalon air show has been postponed owing to the coronavirus pandemic, with a new date proposed for late 2021. The event had been scheduled for 23-28 February 2021, but the organiser, AMDA Foundation, says the event will be pushed back several months, potentially to November. Source: ...
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NewsChanging world creates vexing challenge for USAF planners: Rand
Washington think tank Rand has outlined the challenges facing US Air Force (USAF) and defence planners in a series of papers focusing on the future of warfare in the coming decade. The series of papers, which were sponsored by USAF, points out that the US has a poor record predicting ...
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NewsAustralia’s Rex studies launch of capital city flights
Australia’s Regional Express has confirmed plans to expand into capital city flights within Australia. “Rex discloses that it has been approached by several parties interested in providing the equity needed for Rex to start domestic operations in Australia,” it said in a statement to the Australian Securities Exchange (ASX) today, ...
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NewsThai AirAsia parent slips into first-quarter loss
Thai AirAsia’s parent company has posted an operating loss of Bt1.37 billion ($42.7 million) in the first quarter of 2020, partly due to a fall in its total revenue. This contrasts to an operating profit of Bt1.12 billion for the same quarter last year. Asia Aviation’s revenue for the quarter ...
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NewsUS regional Mesa reports $14 million profit
Mesa Air Group generated a $14 million operating profit for its fiscal second quarter, a 41% drop year-over-year, even as the coronavirus crisis has caused a significant drop air travel demand in the USA. The parent company of Mesa Airlines, which operates flights through capacity purchase agreements with American Airlines ...
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News‘Agile’ strategy fails to deliver as F-35 upgrade two years late and cost rise $1.5bn
The Block 4 upgrade, modernisation of the relatively new stealth fighter’s software and hardware, was initially to be delivered by 2024, but now will not be handed over until 2026. Problems also pushed up the cost on the modernisation effort to an estimated $12.1 billion.
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NewsAllegiant reports first quarter loss
Allegiant Travel Company, the parent of Allegiant Air, reported a first-quarter loss as the coronavirus took its toll on leisure travel following shelter-in-place orders imposed across most of the USA.
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NewsVoltAero reveals new configuration for hybrid-electric Cassio
A French bid to bring hybrid-electric propulsion to regional air transport from as early as 2022 has unveiled the production configuration of an aircraft family whose largest variant promises to carry 10 people over distances of around 650nm (1,200km).
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NewsBA CityFlyer looks to rejig Edinburgh crew base and cut pilot numbers
British Airways’ CityFlyer division is looking at changes to its Edinburgh crew base and cutting 72 pilots as part of restructuring being introduced in response to the coronavirus crisis. CityFlyer primarily operates out of London City and Edinburgh, using a fleet of Embraer 190s and 170s. The airline has formally ...