All News articles – Page 507
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NewsLong 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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NewsWheels 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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NewsSOCOM 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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NewsSeveral 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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NewsPiaggio 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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NewsJet2 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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NewsAvianca 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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NewsAvianca’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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NewsChina 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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NewsVirgin 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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NewsGo 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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NewsEU 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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NewsMelrose 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.
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NewsInsitu sees market for Integrator VTOL in Asia-Pacific
Insitu, the Boeing-owned developer of unmanned air vehicles (UAVs), sees opportunities in the Asia-Pacific for the new vertical take-off and landing (VTOL) capability designed for its Integrator UAV.
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NewsIsrair claims ‘positive’ signs from Smartwings shareholders
Israeli operator Israir Group has received a “positive indication” from shareholders in Smartwings regarding its proposal to take over the Czech airline. Israir Group has been pursuing an acquisition of Smartwings for several months and is trying to seal a binding agreement for the carrier. Its proposal has centred on ...
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NewsRockton firms interest in Heart ES-30 as airframer quietly adds more LoIs
Swedish lessor Rockton is to acquire up to 40 of compatriot Heart Aerospace’s ES-30 hybrid-electric aircraft, converting a letter of intent for the developmental 30-seater.
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NewsBrazil opens Gripen E/F final assembly line at Embraer plant
The Brazilian air force will receive its first locally-assembled Saab Gripen E fighters in 2025, following the inauguration on 9 May of a new production line at Embraer’s plant in Gaviao Peixoto, Sao Paulo State.
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NewsPhilippine Airlines selects nine A350-1000s for long-haul operations
Phillippine Airlines (PAL) has committed to nine A350-1000s that it will use on ultra-long-haul flights to North America and Europe.
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NewsATSB investigates missed approaches at Sunshine Coast, Sydney
The Australian Transport Safety Bureau (ATSB) is conducting inquiries into separate incidents at Sunshine Coast Airport and Sydney Airport that caused Boeing 737-800s to make missed approaches.
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NewsQatar Airways aims to receive all 737 Max 8s by end-July
Qatar Airways has introduced a second Boeing 737 Max 8, and will bring in another seven of the type by the end of July. The Middle Eastern carrier took delivery of its first in mid-April after taking advantage of an opportunity to introduce a batch of the twinjets to its ...