All News articles – Page 13
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NewsAlaska seeks to cut monthly cash burn to $200 million by June
Alaska Air Group reported a $321 million operating loss during the first quarter as it seeks to reduce costs during the coronavirus downturn, which is a far cry from the same period in 2019 when the carrier generated $25 million in operating profit. The parent company of Alaska ...
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Qantas puts up another three 787-9s for $350 million
Qantas has secured an additional A$550 million ($350 million) in debt funding, secured against three wholly owned Boeing 787-9s. In March, the airline secured a A$1.05 billion, 2.75% interest loan for 10 years, posting as collateral seven of 11 787-9s described as unencumbered aircraft and “bought with cash in ...
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Gulfstream cuts jobs, closes service centre as coronavirus outbreak persists
Gulfstream is slashing jobs across its operation to mitigate the effects of the coronavirus pandemic on its business and ensure its long-term viability. The company will also close its Las Vegas service centre in June, and move the work to its nearby facility in Van Nuys, California.
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First CH-53K King Stallion simulator delivered to US Marine Corps
The first Sikorsky CH-53K King Stallion simulator was delivered to US Marine Corps (USMC) Air Station New River in Jacksonville, North Carolina.
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Irkut announces death of key Superjet and MC-21 certification figure
Russian airframer Irkut has announced the death of senior civil aircraft certification figure Igor Vinogradov. Vinogradov had been instrumental in advancing certification of the Sukhoi Superjet 100 which Irkut subsequently absorbed into its product line through the establishment of a regional aircraft division. He was also active in ...
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SAS finalises $335 million state-backed credit facility
Scandinavian carrier SAS has signed an agreement for a SKr3.3 billion ($335 million) three-year revolving credit facility which is 90% guaranteed by the Swedish and Danish governments.
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Cameroon picks Marshall for C-130 maintenance
The UK’s Marshall Aerospace and Defence Group has secured a five-year contract to maintain the Cameroon air force’s Lockheed Martin C-130H tactical transports.
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South Africa’s Comair files for business rescue
South African carrier Comair has become the latest operator in the country to enter business rescue, as it aims to restructure to deal with the coronavirus crisis. Comair made a pre-tax loss of R645 million ($35 million) for the six months to 31 December. “While we had started ...
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Israel orders Rafael’s Spike Firefly loitering munition
Rafael has been awarded a contract to equip Israel’s land forces with its Spike Firefly lightweight loitering munition.
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Virgin Atlantic to cut over 3,000 jobs and cull 747-400 fleet
UK long-haul carrier Virgin Atlantic is to cut over 3,100 jobs and retire its Boeing 747-400s in an effort to address the financial pressure of the coronavirus crisis. The airline says it will “immediately suspend” the use of all seven of its 747-400s and is still intending to retire ...
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Lufthansa reluctant to accept state aid with conditions attached
Lufthansa Group is holding “intensive talks” with governments in Germany, Austria and Belgium about the provision of state aid to help its airlines survive the coronavirus crisis, but the company appears reluctant to accept any support that comes with conditions attached. In a speech to shareholders at Lufthansa’s annual ...
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Excessive derotation on landing buckled Delta 757’s fuselage
Portuguese investigators believe a failure to control the derotation of a Delta Air Lines Boeing 757-200 resulted in a heavy nose-gear impact severe enough to buckle the fuselage. The aircraft (N543US), arriving in the Azores from New York JFK on 18 August last year, had touched down normally with ...
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Maker of virus-killing cabin air purifier ‘ramping up’ production
ACA says its system destroys pathogens related to coronavirus strains in business jets
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Ryanair carries out just 600 scheduled flights in April
Europe’s biggest passenger airline Ryanair operated just 600 scheduled flights carrying 40,000 people in April as the airline was all but grounded by the coronavirus pandemic.
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Asia-Pacific governments cautious on cross-border travel
Asia-Pacific governments are taking a tentative approach to opening up international travel as the coronavirus pandemic starts to abate, with the possibility of a “bubble” containing Australia and New Zealand. In a press briefing following a virtual meeting with Australia’s national cabinet, New Zealand prime minister Jacinda Arden said ...
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Qantas puts Project Sunrise on hold
Qantas is putting Project Sunrise on hold, citing the impact of the Covid-19 outbreak on air travel. “We do think there is a huge potential for Project Sunrise but the time is not right now given the impact that Covid-19 has had on world travel,” chief executive Alan Joyce ...
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ATSB, ATR clarify ignition settings for flameouts
Following a double engine flameout on a Virgin Australia ATR 72-600, the airframer issued a clarification about the appropriate use of automatic and manual ignition. The incident occurred during the early evening of 13 December 2018 as the aircraft (VH-FVN) operated flight VA660 on the Sydney-Canberra route in stormy ...
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Bronco II light attack aircraft returns with Leidos bid for US Special Ops Armed Overwatch
Leidos is leading a team that is putting forward the Bronco II light attack aircraft as an option for the US Special Operation Command’s Armed Overwatch programme.
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Boeing rolls out Airpower Teaming System for Royal Australian Air Force
Later this year, the Airpower Teaming System will undergo ground testing, followed by taxi tests and its first flight test. After that, manned-unmanned teaming test flights will be conducted, says the firm. Testing is to be done at undisclosed locations in Australia.
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JetSuite files for Chapter 11 bankruptcy protection
JetSuite filed for voluntary Chapter 11 bankruptcy protection on 28 April, blaming the move on a slump in demand for ad hoc charter caused by the coronavirus outbreak. The move came two weeks after the Dallas-headquartered firm grounded its 12-strong fleet of Embraer business jets and furloughed most of its workforce.
