All news – Page 1231
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NewsFlybe administrators fight to retain carrier’s operating licence
UK regional carrier Flybe’s administrators intend to appeal to the government in a bid to retain the airline’s operating licence, warning that a sale of the business would become improbable if the licence is revoked. Flybe ceased operations on 5 March and voluntarily suspended its operating and maintenance licences. The ...
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NewsCoronavirus travel restrictions blunt Gulfstream’s first-quarter output
Travel restrictions imposed by the coronavirus outbreak resulted in around a third of completed Gulfstream business jets remaining undelivered in the first quarter, according to parent company General Dynamics. The constrained travel environment is also impacting sales of new aircraft due to the challenge of closing a deal, it says.
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NewsDelta upsizes secured private placement to $3.5bn
Delta Air Lines has priced $3.5 billion of five-year notes at 7% as it boosts its liquidity position to manage through the coronavirus pandemic.
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NewsAmerican lightens fleet load in pursuit of liquidity
American Airlines is counting on cost-saving fleet retirements and a $4.75 billion US CARES Act loan to boost its liquidity sufficiently to help see it through the next two quarters while waiting for travel demand to revive somewhat during the summer months.
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NewsFastjet negotiates loan as liquidity squeeze continues
African budget operator Fastjet Group has negotiated a $600,000 loan and is holding discussions to obtain creditor discounts to reduce its liabilities. The loan – initially for a six-month term – has been obtained from shareholder Solenta Aviation Holdings to provide working capital and liquidity while Fastjet’s operations are suspended ...
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NewsTalks continue as Norwegian fails to get bondholder majority for debt conversion plan
Norwegian is holding “constructive dialogue” with bondholders over whether a majority in favour of its debt-to-equity conversion plan can be reached, after it was rejected in an initial vote on the proposal.
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NewsFirst image of Racer helicopter’s completed cockpit breaks cover
Airbus Helicopters has offered a first glimpse of the ‘face’ of its high-speed Racer technology demonstrator with the release of an image of the completed nose section.
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NewsSafran keeps close watch on supply chain for signs of coronavirus stress
Safran is monitoring its entire global supply chain for signs of weakness amid the coronavirus pandemic, with the aerospace giant ready to deploy a range of remedies for the most seriously afflicted.
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NewsCoronavirus delays European ADS-B deadline
European Commission pushes deadline for fitting precision flight-tracking technology back six months to December, while retrofits will have until June 2023.
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OpinionEmbraer must present convincing ‘Plan B’
Collapse of merger with Boeing leaves the Brazilian airframer needing to detail an alternative.
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In depthCalifornia’s aerial firefighters face clear and present dangers
In California, the four seasons are sometimes half-jokingly said to be earthquake, mudslide, drought and fire; none of these, of course, is funny - and the wildfire management team has a fleet of 50 aircraft to prove just how serious they can be
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NewsLufthansa aims for autumn restart ‘at the earliest’
Lufthansa Group will remain grounded throughout the summer and does not expect a new market “balance” to be found until 2023, chief executive Carsten Spohr will tell the company’s annual general meeting on 5 May, in a speech pre-released on its website.
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NewsQatar 787 drifts into A350 after being spun by Doha gale
Qatar Airways states that a Boeing 787-8 and Airbus A350-900 belonging to the carrier suffered only minor damage after the 787 was spun by strong winds and drifted into contact with the adjacent parked A350. Surveillance video indicates the stationary 787 initially weathercocked some 90° to the left as a ...
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NewsIcelandair Group seeks to raise $200m through new shares
Icelandair Group is planning to issue up 30 billion new shares to support its financial position, with the aim of raising up to $200 million in equity. The company has about 5.4 billion shares in issue, giving it a market capitalisation of around IcKr12.9 billion ($88.6 million). Icelandair Group has ...
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NewsIAG’s Spanish carriers secure €1bn in financing under state-backed loans
IAG’s Spanish units Iberia and Vueling have secured financing for €750 million and €260 million respectively under a syndicated agreement which will be guaranteed by the state-owned bank Instituto de Credito Oficial (ICO).
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NewsRyanair signals 3,000 job cuts as it discusses fleet deferrals
Ryanair is expecting to cut up to 3,000 jobs from July and shut a number of European bases, as it projects that a post-crisis recovery will take at least two years. The airline is negotiating with Boeing to reduce planned deliveries of new 737s for the next 24 months, and ...
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NewsSecond 777X test aircraft makes maiden flight
Boeing’s second 777-9 flight-test aircraft took to the skies for the first time on 30 April, departing Paine Field and landing nearly 3h later at Boeing Field in Seattle.
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NewsAH-64E versus AH-1Z competition in Philippines brews with US sale approval
The US State Department has approved the possible sale of six Boeing AH-64E Apache and six Bell AH-1Z Viper attack helicopters to Manila.
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NewsTextron Aviation squeaks out Q1 profit as aircraft deliveries tumble
Textron Aviation’s first-quarter profit tumbled 97% year-on-year to $3 million due largely to an idle factory floor and sagging aircraft sales amid the coronavirus pandemic.
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NewsA220 operators advised to monitor compressor over stall risk
Carriers using Airbus A220s are being advised to monitor the operating performance of low-pressure compressors, to warn of stalls, following measures to address engine failures on the type. A220s are fitted with Pratt & Whitney PW1500G powerplants, which have been the subject of scrutiny following a series of engine failures ...