All News articles – Page 14

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  • JetSuite Phenom 100

    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.

  • Porter Q400 full size.

    De Havilland Canada resumes some operations following coronavirus shutdown


    Some employees of De Havilland Canada have returned to work, marking a resumption of operations six weeks after the company shuttered facilities due to the coronavirus pandemic.

  • Aeroflot SSJ fire

    Aeroflot Superjet crash probe awaits fire and structural analyses


    Russian investigators probing the Aeroflot Sukhoi Superjet 100 crash at Moscow Sheremetyevo a year ago are still awaiting results of specific fire and structural analyses before releasing their final findings about the accident. But the Interstate Aviation Committee says some of the work – including US manufacturer Curtiss-Wright’s assessment ...

  • Leap-1B-c-Max Kingsley-Jones+FlightGlobal-web

    GE Aviation expands job cuts to 25% of global workforce


    US engine maker GE Aviation is reducing its global workforce by some 13,000 employees as part of a plan to better align its business with reduced rates of commercial aircraft production.

  • EAA_Airventure.jpg cr EAA

    AirVenture cancelled over coronavirus concerns


    AirVenture - the world’s largest general aviation event, held annually in Oshkosh, Wisconsin - has become another casualty of the coronavirus pandemic, following a decision by show organiser to cancel the gathering, scheduled to be held from 20-26 July.

  • E-8C

    BAE completes purchase of Raytheon airborne radios business


    BAE Systems has finalised its planned purchase of Raytheon’s airborne tactical radios business, completing a disposal process mandated as part of the US company’s recent merger with United Technologies.

  • NetJets Europe Challenger 350

    NetJets cuts aircraft deliveries and workforce amid coronavirus crisis


    NetJets has more than halved the number of business jets it expects to receive in 2020, as demand for travel plummets on the back of the coronavirus pandemic. The firm has also the cut employee numbers at both its European fractional ownership operation and US-based Executive Jet Management (EJM) subsidiary by a quarter due to the weak operating environment.

  • Air Canada A319

    Air Canada expects recovery to take three years


    Air Canada incurred a C$1.05 billion ($744 million) net loss in the first quarter of 2020, compared with a C$285 million net profit a year ago, and is warning that it will take “at least three years” for revenue and capacity levels to return to those seen in 2019.

  • norwegian 787 @ Gatwick

    ​Norwegian shareholders approve survival plan


    Norwegian ’s shareholders have voted in favour of its plan to convert debt to equity and relaunch operations with a smaller fleet and fewer destinations from 2021. The airline should now be able to access the rest of its NKr3 billion ($288 million) bailout package from Norway’s government, which ...

  • Bombardier Global 7500

    Transatlantic traffic keeps Biggin Hill’s head above water


    Wealthy passengers on private jets might not spring to mind when we think of essential travel during coronavirus lockdown. However at one of London’s busiest business aviation airports, Biggin Hill, international flights continue to land and take-off daily, although traffic is down 70% year-on-year.

  • FAS

    Flybe administrators work to sell aircraft support operations


    Administrators of collapsed UK regional carrier Flybe are finalising the sale of its aircraft support operation, Flybe Aviation Services, which has continued to trade. The EY administrators, in a statement of proposals, say they are aiming to complete the transaction “in the coming days” after receiving offers for the ...

  • Credit Airbus

    Germany’s Airbus suppliers ‘face ruin’, warns trade association


    BDLI says that unless at least 50% of pre-crisis production resumes soon, many smaller companies could go out of business

  • Norwegian Boeing 787

    Norwegian secures bondholder and lessor support ahead of crunch vote


    Norwegian expects to convert more than Nkr10 billion in debt to equity after reaching agreement with more lessors and bondholders, clearing the path to unlocking crucial further state aid.

  • Hainan

    Hainan optimistic of rebound amid steep Q1 loss


    Hainan Airlines swung back into the red for its first-quarter results for 2020, joining other Chinese carriers who reported losses amid the coronavirus outbreak. However, the carrier, China’s fourth largest, is optimistic its financial results will improve in the second quarter, as it “adjusts its business strategy” and cuts ...

  • Icelandair 757

    Icelandair Group reduces cash drain as it faces $200m first-quarter loss


    Icelandair Group is expecting employee cuts to reduce its cash outflow by $12 million per month over the next three months, taking into account measures by the government to pay partial salaries. The company is expecting to reveal a first-quarter loss of $208 million when it details its performance ...

  • juneyao 787

    ​Juneyao Air slips into first-quarter loss


    China’s Juneyao Air swung to a loss in the first quarter of this year and expects further losses for the remaining first half of 2020 as the coronavirus pandemic puts a damper on demand. The Shanghai-based carrier posted a net loss of over CNY491 million ($69.5 million) in ...

  • virgin australia tails

    Virgin Australia targets end-June sale: administrator


    Twenty parties are interested in recapitalising Virgin Australia, administrator Deloitte said after the first creditors meeting held virtually on 30 April, and the airline aims to receive binding offers in June. “A large number of parties have expressed an interest, eight have signed non-disclosure agreements and negotiations are continuing ...

  • F-22 and F-35A

    Northrop to prototype communications gateway for fifth-generation fighters


    Northrop Grumman will develop the prototype of a new system that enables improved communications among diverse platforms. The company labels the system gatewayOne, and is undertaking the work under the US Air Force’s (USAF’s) Advanced Battle Management System (ABMS) effort, following a contract with the service’s Life Cycle Management ...

  • AA 737

    Warren Buffett’s investment firm sells out of four major US carriers


    Renowned investor Warren Buffett has dumped his stakes in four major US carriers, four years after joking that his firm Berkshire Hathaway was set to benefit from airlines’ tendency to increase fares ahead of its shareholder events. Buffett disclosed the decision to shareholders during Berkshire Hathaway’s 2020 event on ...

  • SAA A340 nose

    Opposition heaps scorn on detail-light plan for SAA transformation


    South Africa’s political opposition is insisting the government detail an agreement with South African Airways unions setting out plans to establish a successor to the crumbling flag-carrier. In a response accusing the department of public enterprises of undermining SAA’s business rescue practitioners, the Democratic Alliance says it will seek ...