All News articles – Page 195
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NewsLATAM Airlines Group lifts outlook after third-quarter profit rises to $301m
LATAM Airlines Group profit during the third quarter of 2024 rose to $301 million as the company managed to hold costs in check and profited from greater demand for air travel.
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NewsRiyadh Air agreement dominates Airbus order activity in October
Saudi Arabian start-up carrier Riyadh Air’s order for 60 Airbus A321neo’s dominated the airframer’s October activity figures. Private and undisclosed customers ordered a total of 16 A320neos during the month, while Bhutan’s Druk Air firmed an agreement for three A320neos and two A321neos. Airbus also listed American Airlines as taking ...
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NewsTravel demand pushes Emirates to record half-year pre-tax profit
Middle Eastern carrier Emirates is citing strong travel demand as it turns in a 2% rise in half-year pre-tax profit to a record Dhs9.7 billion ($2.6 billion). Emirates posted a net profit of Dhs8.7 billion, after it generated a 5% increase in revenues to Dhs62.2 billion for the six months ...
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NewsMitsubishi Heavy ‘monitoring’ impact from Boeing strikes
Mitsubishi Heavy Industries (MHI) is “monitoring” the impact from the now-concluded strike by Boeing machinists, as it maintains its earnings outlook for its aircraft, defence and space business unit.
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NewsNASA begins X-59 engine runs and now aims for 2025 first flight
The NASA team developing the X-59 supersonic demonstrator jet have fired up the aircraft’s GE Aviation F414-GE-100 powerplant for the first time, having started engine-run tests on 30 October.
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NewsSpirit AeroSystems raises doubt about continuing as a ‘going concern’
Spirit AeroSystems is warning that its business viability remains in doubt, saying its cash reserves are drying up due to Boeing’s sharply reduced production rates and to other factors driving steep losses on its Airbus and Boeing programme work.
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NewsRiyadh Air plots new widebody aircraft order
New Saudi Arabian national carrier Riyadh Air aims to make a decision in the first half of next year on a further widebody aircraft order, as it ponders a deal for either Airbus A350-1000s or Boeing 777X jets.
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NewsFormer Spirit Airlines CEO and ULCC pioneer Ben Baldanza dies at 62
Ben Baldanza, who worked four decades in the US airline industry and helped create the ultra-low-cost model as former chief executive of Spirit Airlines, died on 5 November at age 62 after battling amyotrophic lateral sclerosis (ALS).
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NewsUnited Aircraft appoints new chief as Slyusar moves to regional governorship
Russian aerospace firm United Aircraft is undergoing a leadership change with chief executive Yuri Slyusar set to be succeeded by United Engine head Vadim Badekha. The management rejig follows the appointment of Slyusar, who has led the company for nine years, as governor of Russia’s Rostov region. Badekha will take ...
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NewsWizz Air loses legal challenge over pandemic-related aid to Tarom
Central European budget airline Wizz Air has lost a legal challenge over a capital injection for Romanian flag-carrier Tarom. The European Union’s General Court has ruled that the financial package, nearly €2 million ($2.1 million), is compatible with state aid regulations. Tarom was granted the support as compensation for damage ...
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NewsFlybondi to wet-lease two Boeing 737s from AlbaStar
Argentine ultra-low-cost carrier FlyBondi has entered into its first wet-leasing agreement with the Spanish airline AlbaStar.
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NewsEgyptAir A320 inquiry urges review of cockpit procedures to tackle oxygen fires
Investigators analysing the fatal loss of an EgyptAir Airbus A320 are recommending a review of cockpit firefighting procedures – particularly regarding oxygen-fuelled fires – and believe greater research is needed on alternative extinguishing agents to halon. The Egyptian air accident investigation commission’s recommendations draw on analysis by French counterpart BEA ...
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NewsKorean Air sees 19% profit jump amid cargo, passenger revenue boost
Korean Air significantly bettered its quarterly profit after “successful” passenger capacity expansion, with its cargo operations again providing a significant boost to its earnings.
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NewsRise Air to be Canada’s launch customer for ATR 72-600
Canadian regional operator Rise Air will be the country’s launch customer for the ATR 72-600, after it placed a firm order for one aircraft to be delivered in 2025.
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NewsCoulson, Australia adjust minimum drop heights after 737 crash
Firefighting specialist Coulson Aviation has implemented a minimum drop height of 200ft following the non-fatal crash of a Boeing 737-300 firefighting aircraft in Australia in 2023.
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NewsSIA Engineering buoyant about MRO demand, but supply chain crunch lingers
SIA Engineering (SIAEC) remains optimistic about “healthy” air travel demand in the near-term, as it sees opportunities in ongoing aircraft delivery delays.
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NewsGripen E makes debut appearance at Brazil’s multinational fighter exercise
The latest version of the Saab multi-role fighter is flying with the Brazilian air force during the international CRUZEX 2024 air combat drills, which host Brazil describes as the largest operational war exercise in Latin America.
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NewsTurkish keeps AJet capacity flat amid punctuality drive and aircraft shortage
Turkish Airlines will keep growth in check at newly spun-out low-cost unit AJet amid ongoing aircraft availability challenges, after cutting capacity by 5% in the third quarter to help improve the carrer’s on-time performance.
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NewsFraport calls on German politicians to lower fees in Frankfurt as passenger numbers stall
Airport operator Fraport says costs at its flagship airport in Frankfurt are hindering growth and preventing the facility from returning to its pre-Covid-19 passenger figures.
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NewsCourt stays controversial Dublin capacity cap pending EU consideration
Ireland’s High Court has granted a stay over the controversial passenger cap at Dublin which would have resulted in slot restrictions for summer 2025. The restriction is a consequence of planning conditions imposed in 2007 which limit annual passenger numbers at the airport’s two terminals to 32 million. Ireland’s aviation ...