All News articles – Page 9
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NewsAJW chief strikes a positive note for summer season
Company president Christopher Whiteside is hoping that the end of May will be the start of a rebound in fortunes for many airlines, and their aftermarket suppliers
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El Al sets out post-crisis earnings forecast as it nears loan deal
El Al is projecting a $200 million improvement in its earnings in 2024, compared with the average figure achieved over 2017-19. The airline has put the forecast to investors as it seeks to raise $75 million by September 2021 as part of a financial package which would also include ...
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ISIS campaign holds lessons for near-peer conflict: Rand
Think tank Rand believes that Operation Inherent Resolve (OIR) in Syria holds important lessons for the US Air Force (USAF) in the event of a conflict with near-peer adversaries.
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Vietnam to take 12 Aero Vodochody L-39NGs
Aero Vodochody has won its most significant export deal yet for the L-39NG, with Vietnam to take 12 of the modernised jet trainers between 2023 and 2024.
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El Al seeks to raise $75m in new capital to obtain $300m loan
Israeli flag-carrier El Al is seeking to raise around $75 million through issuing tradeable warrants, as part of a bid to obtain a state-backed loan worth about $300 million. The issue has been approved by the Israeli ministry of finance, subject to an undertaking by El Al’s controlling shareholder ...
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Australia imposes quarantine on NZ travellers after Auckland outbreak
Canberra will impose quarantine on travellers from New Zealand following the emergence of new coronavirus cases in Auckland.
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After more than $5bn in losses, can KC-46A become profitable?
The KC-46A programme is about $5.1 billion in the hole and there are questions about whether Boeing can make it profitable.
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US Air Force plans upgrade for brand-new Combat Rescue Helicopter worth up to $1bn
Less than a year after receiving its first pair of brand-new Sikorsky HH-60W Combat Rescue Helicopters, the US Air Force (USAF) is planning to upgrade the type with new systems worth up to $981 million.
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CAE’s civil training business remains profitable in most-recent quarter
Canadian pilot training company CAE’s civil aerospace business turned a C$48 million ($38 million) operating profit in the third quarter of the company’s 2021 fiscal year despite the pandemic driving revenue down by more than half.
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El Al considers further capital raise to obtain loan
Israeli flag-carrier El Al is considering raising further capital as part of its efforts to secure loan financing. The airline says it is “examining the possibility” of raising capital to “strengthen” the company’s equity position. El Al says this reinforced equity is a condition of the Israeli ministry ...
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US airlines lobby against potential Covid-19 test mandate for domestic flights
US airline executives have met with administration officials at the White House to lobby against government deliberations to impose a coronavirus testing requirement for all domestic air travellers.
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Volaris sticks with P&W turbofans for another 80 A320neos
Mexican discount airline Volaris has agreed to power another 80 incoming Airbus A320neo-family jets with Pratt & Whitney PW1100G geared turbofans.
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Bristow plans to muscle in on windfarm market
Helicopter specialist Bristow Group says a move into the offshore windfarm support market is a “strategic priority” for the firm as the energy sector increasingly transitions away from oil and gas to renewable power.
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Embraer delivers 71 jets in fourth quarter
Embraer delivered 71 jets in the fourth quarter of 2020, bringing the number of aircraft it delivered in the full year to 130, as the Brazilian airframer continued feeling the effect of the coronavirus.
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German government finalises airport support package
The German government has agreed a financial support package for airports under which the nation’s 15 largest gateways will receive more than €600 million ($725 million).
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Air Canada ends ‘undeniably grim’ year with Q4 loss of C$1.2bn
Air Canada ended 2020 with a fourth-quarter loss of C$1.2 billion ($950 million), closing a year the company’s outgoing chief executive calls “undeniably grim”.
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Saab ready to shift T-7A trainer work to West Lafayette site
Saab is on track to this year transition manufacturing work in support of the US Air Force’s Boeing T-7A advanced jet trainer programme from Sweden to the USA, the company’s chief executive says.
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Air Canada ‘confident’ that government aid is coming
Air Canada’s chief executive is “confident” that the government of Canada will offer airlines a sector-specific financial aid package – the type of support for which the industry has clamoured since the coronavirus pandemic began.
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2020 was worst for European airport traffic in 25 years
Trade body ACI Europe is calling for further financial support for European airports as they struggle for survival after a year in which passenger volumes fell back to levels last seen 25 years ago.
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French shipping giant CMA CGM to enter air cargo market with A330-200Fs
French logistics and sea transport firm CMA CGM is branching into air freight operations, with the introduction of services using four Airbus A330-200Fs. The company is establishing a new division, CMA CGM Air Cargo, which will be dedicated to air freight services. It states that the strategic move ...
