All news – Page 901
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NewsJapan Airlines to raise Y300 billion for post-pandemic future
Japan Airlines has finalised plans to raise Y300 billion ($2.73 billion) — through hybrid loans and subordinated bonds — to prepare it for “drastic changes” in a post-pandemic business environment.
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NewsThai AirAsia taps crowdfunding to shore up capital
Thai AirAsia has launched a crowdfunding bond campaign as part of efforts to beef up its war chest against the pandemic’s impact.
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NewsJakarta to obtain C-130Js to upgrade airlift fleet
Jakarta has ordered the Lockheed Martin C-130J Hercules tactical transport, as the US airframer confirms that Indonesia is joining the type’s global operator community.
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NewsNok Air faces delisting risk without rehabilitation timeline
The Stock Exchange of Thailand (SET) has given Nok Air one month to set a timeline to implement its rehabilitation plan.
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NewsNorthrop Grumman unveils Model 437 loyal wingman concept
Northrop Grumman has unveiled a new unmanned air vehicle concept called the Model 437 that is aimed at the US Air Force’s Skyborg programme and other international loyal wingman development efforts.
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NewsUS airlines pledge 33% more ‘sustainable fuel’ by 2030
US airlines plan to make 11.4 billion litres (3 billion USgal) of sustainable aviation fuel (SAF) available to aircraft operators by 2030 – up 33% from a previous target of 7.6 billion litres.
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NewsInjuries reported following Cape Air Cessna 402 accident at Provincetown
Passengers are reportedly injured after a Cape Air Cessna 402 crashed while attempting to land at Provincetown Municipal airport in Massachusetts on 9 September.
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NewsSkydweller grows funding round to $40m, adds Palantir as AI partner
Skydweller Aero, a start-up developing a long-endurance, solar-powered unmanned air vehicle, has raised $8 million in additional Series A funding and signed an agreement to use Palantir’s Foundry artificial intelligence program to analyse data gathered by the drone.
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NewsFollowing competitors, American trims financial forecast, citing ‘Delta’ variant
American Airlines has joined other US carriers in reducing its earnings forecast for the third quarter as the coronavirus “Delta” variant continues to play havoc with the travel industry.
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OpinionUnited cuts Q3 earnings expectation as ‘Delta’ variant slows bookings
United Airlines has seen “deceleration” of third-quarter income due to increased fear among travellers about the “Delta” variant of Covid-19.
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NewsTransat remains optimistic despite another minimal-revenue quarter
A six-month operational pause left Transat AT with another quarter lacking significant revenue, though more cash has been flowing in since subsidiary Air Transat restarted flights at the end of July.
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NewsA330 MRTT could be first to use 100% sustainable fuel in Rolls-Royce tests
Rolls-Royce is hopeful that it will shortly be able to start test flights of military transport aircraft powered by its engines and using blends of 100% sustainable aviation fuel (SAF).
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NewsJetBlue trims Q3 revenue expectation as Covid impact continues
JetBlue Airways is the latest US airline to trim its third-quarter financial projections in response to booking “softness” due to still-high rates of coronavirus infections.
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NewsUS business-travel rebound still months away: Delta CEO
Not long ago, US airline executives expected a business-travel rebound would take hold this autumn. Now, Delta Air Lines chief executive Ed Bastian says his team thinks the US business-travel rebound will begin later this year or, perhaps, early next year.
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NewsRolls-Royce targets military market with all-electric trainer
Rolls-Royce has identified the market for military elementary trainers as one of the first commercial applications for technologies being matured as part of a bid to break the speed record for an all-electric aircraft.
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NewsAJW establishes European MRO arm
UK parts specialist AJW Group has acquired battery repair provider Avia Components Services in an effort to establish in-house MRO capabilities in Europe.
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NewsLow activity might have lulled pilots before A350 took off without clearance
Investigators have suggested that low levels of airport traffic could have reduced the alertness of an Airbus A350 crew before the aircraft took off without clearance from Barcelona. The Singapore Airlines A350 (9V-SMU), operating to Milan Malpensa as part of an onward service to Singapore on 24 October last year, ...
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NewsFirst Il-76 built on modernised line handed to Russian military
United Aircraft has delivered the first Ilyushin Il-76MD-90A to be assembled on its new production line, handing it to the Russian government’s military aviation transport division in Ulyanovsk. The aircraft has been constructed by the airframer Aviastar under a ministry of defence contract. Aviastar managing director Sergei Sheremetov says that, ...
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NewsRyanair enforces post-Brexit sales of non-EU shareholdings
Budget carrier Ryanair has disclosed that it has recorded several instances of non-European Union investors’ failing to comply with disposal requirements after acquiring shares in the airline. Ryanair is an EU airline which means it must be controlled by EU shareholders. The UK’s final ‘Brexit’ withdrawal from the EU on ...
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NewsEasyJet reveals rejected takeover approach as it prepares £1.2bn equity raise
UK budget carrier EasyJet has disclosed that it rejected a preliminary takeover approach from a potential bidder, as the airline prepares to reinforce its balance sheet with a £1.2 billion ($1.65 billion) share issue. EasyJet has not disclosed the prospective bidder’s identity, but says it “carefully evaluated” the approach before ...