All News articles – Page 12
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NewsUS operator to put Dash 8-400 firefighters into service after FAA approval
US aerial firefighting specialist Aero-Flite has been cleared to conduct De Havilland Dash 8-400 tanker operations following regulatory approval of the type. The US FAA has granted a supplemental type certificate to the Dash 8-400AT variant, through which the turboprop has been modified for fire attack. Aero-Flite says it will ...
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Emirates surges back to profit
Profits at Dubai-based Emirates Group have soared to record levels for the year ended 31 March 2023, hitting Dhs10.9 billion ($3 billion), reversing two consecutive years of pandemic-driven losses.
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Iraqi Airways aims for May delivery of first 787
Iraqi Airways has indicated that it will receive its first Boeing 787 at the end of May. The airline has been co-ordinating the introduction of the twinjet with the US airframer, and states that it is completing discussions on technical and operational preparations. Iraqi Airways has 10 787s on order, ...
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Emirates creates $200m sustainability fund as chief warns on decarbonisation pace
Middle Eastern carrier Emirates is creating a $200 million fund to accelerate research into reducing commercial aviation’s carbon impact. The Dubai-based airline is warning that the sector needs more effective options to decarbonise. Its sustainability fund is focused on engine, fuel and energy concepts. “It’s clear that, with the current ...
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Indonesian payment issue continues to shadow KF-21 programme
Indonesia’s share of the costs for the developmental Korea Aerospace Industries (KAI) KF-21/I-FX remain a sticking point, with Jakarta to put forward a new payment schedule.
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Mitsubishi Heavy eyes rise in defence order intake as full-year profits up 66%
Mitsubishi Heavy Industry’s (MHI) aircraft, defence and space unit expects a significant rise in defence order intake this year – led by an uptick in missile systems orders – as Japanese defence spending grows.
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'Healthy demand' boosts Copa's first-quarter profit to $122 million
Copa Holdings, the parent of Panama’s Copa Airlines reported a profit of $122 million, up more than one-third from the same quarter in pre-pandemic 2019, driven by “healthy demand”.
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Long aircraft maintenance turnaround times contribute to GlobalX’s Q1 loss
South Florida start-up carrier Global Crossing Airlines (GlobalX) reported a modest first-quarter loss of $6 million as long turnaround times for heavy maintenance kept some of its aircraft grounded throughout the period.
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Wheels Up overhauls business and leadership team as losses mount
US private-aviation services company Wheels Up is overhauling its business and considering selling assets in a bid to improve efficiency and stem significant financial losses.
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SOCOM seeks partnership with Japan on maritime C-130 development
US Special Operations Command remains years from flying a Lockheed Martin C-130 variant capable of taking off and landing on water, but wants to learn about Japan’s experience with its ShinMaywa US-2 maritime aircraft.
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Several prospective bidders for Virgin Orbit aim to maintain company’s operations
Over 30 expressions have interest have been submitted for troubled air-launch specialist Virgin Orbit, with several looking to continue the company’s operations. Virgin Orbit filed for US Chapter 11 bankruptcy protection about a month ago, weeks after suffering a satellite launch failure during its inaugural sortie from the UK’s Spaceport ...
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Piaggio details requirements for revived sales process
Would-be bidders for Piaggio Aerospace will have to submit development or turnaround plans as part of their initial expressions of interest in the Italian airframer, according to documents relating to the planned sale of the business.
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Jet2 puts first A321neo into service
Jet2’s first Airbus A321neo has entered service, marking the beginning of its shift away from operating a Boeing-dominated fleet.
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Avianca will decide this week whether to pursue Viva buy: CEO
Colombian carrier Avianca could decide this week whether to continue pursuing its planned acquisition of low-cost domestic competitor Viva Air, which stopped flying in February due to financial difficulties.
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Avianca’s first-quarter revenue jumps as overhaul continues
Colombian carrier Avianca continued its business transformation during the first quarter of 2023, with its revenue jumping 13.5% year-on-year.
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China Airlines firms up options for eight more 787s
China Airlines will exercise options to purchase eight more Boeing 787-9 aircraft, adding to an existing order for 16 examples first announced in August 2022 and firmed up a month later.
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Virgin Atlantic cuts losses but pushes profit return to 2024
Virgin Atlantic now does not expect to return to the black until 2024 after today disclosing a pre-tax loss of £206 million before exceptionals for 2022.
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Go First extends grounding for further week as it secures bankruptcy protection
Struggling Indian carrier Go First looks to have secured much-needed relief after an Indian tribunal reportedly granted its urgent request for bankruptcy protection.
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EU court annuls Lufthansa and SAS state aid approvals after Ryanair complaints
The European General Court has annulled the European Commission’s approval of state aid provided to Lufthansa and SAS during the Covid-19 crisis.
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Melrose to focus on growing GKN Aerospace as it steers clear of further acquisitions
Turnaround specialist Melrose Industries has ruled out further acquisitions in the near term as it looks to realise further value through the transformation of GKN Aerospace – the sole company remaining in its portfolio.
