Air Europa title

News

Air Europa acquisition remains justified: IAG’s Walsh

IAG is striving to close the acquisition of Air Europa by the end of this year, undeterred by the impact of the air transport crisis, although it is reviewing the structure of the €1 billion ($1.2 billion) deal in response to the downturn.

Gol first 737 Max

News

​Gol sees Q3 as bridge to new normal

Brazilian airline Gol reported a second-quarter loss of R2 billion ($384,000) as the coronavirus crisis ravaged the air transport industry in the Latin American country.

Freight loading

News

Air cargo decline narrows in June but market ‘exceptionally challenging’

Air freight traffic declines showed some signs of improving in June but business remains “exceptionally challenging”, according to the latest IATA market wrap-up.

Chile F-16s

News

USA clears $635 million upgrade package for Chile F-16s

The US government has approved the sale of a $635 million upgrade package for Chile’s fleet of Lockheed Martin F-16 fighters.

Jackson Schneider c Embraer

News

Why Embraer Defense is investing in two cybersecurity companies

For an undisclosed amount, the airframer took a majority stake in Tempest Security Intelligence, a cybersecurity services firm for civilian businesses. Embraer also invested R$20 million ($3.86 million) in Kryptus, a cybersecurity and cryptology firm, through Brazil’s Aerospace Investment Fund.

Boeing 737 Max 8

News

FAA proposes four design changes to 737 Max in new AD

The Federal Aviation Administration (FAA) has suggested four key design changes to the beleaguered Boeing 737 Max in order to address safety issues that led to its almost 17-month grounding following two fatal crashes that killed 346 people.

MH-47G Block II Chinook

News

US Army orders 12 additional MH-47G Block II Chinooks

Boeing has secured a $265 million deal to supply nine additional MH-47G Block II Chinooks for the US Army Special Operations Aviation Command (USASOAC).

SpaceX Crew Dragon splashdown

News

SpaceX Crew Dragon splashdown signals US human spaceflight return

The USA has returned to the human spaceflight business following the successful return to earth of the SpaceX Crew Dragon today, carrying NASA astronauts Bob Behnken and Doug Hurley.

F-35A

News

Canada takes bids for F-35s, F/A-18s and Gripens

Canada has received bids to replace its jet fighter fleet with either Lockheed Martin F-35s, Boeing F/A-18E/F Super Hornets or Saab Gripen E fighters.

ExpressJet_United

News

ExpressJet studying options amid warning of ‘wind down’

ExpressJet Airlines is evaluating “options for the future” following a severed relationship with United Airlines, though the regional carrier’s trade association says ExpressJet has warned of a “potential phased wind down”.

MQ-9 Reaper - US Air Force

Analysis

Trump administration’s relaxation of UAV export rules offers belated boon for US manufacturers

The Trump administration’s decision to modify its adherence to the Missile Technology Control Regime (MTCR) is positive for American manufacturers of large unmanned air vehicles (UAVs), but comes after much ground has already been ceded to China.

El Al 787

News

El Al seeks approval to raise capital as pilots object to cost-saving pact

El Al has called a shareholders’ meeting for 18 August in order to seek approval to raise the company’s registered share capital.

El Al 787

News

El Al must issue shares before state will back loan

Israeli flag-carrier El Al must carry out a planned $150 million share issue by the end of August, before the country’s government will back a $250 million bank loan.

Wizz Air A321neo

News

Wizz Air chief predicts 100-aircraft Abu Dhabi operation

Wizz Air Abu Dhabi can mimic the fleet growth seen at the carrier’s European operation and reach 100 aircraft in 15 years’ time, according chief executive Jozsef Varadi.

Qatar 787

News

Qatar Airways’ parent pursues $5bn in compensation over blockade

Qatar Airways’ parent group is seeking $5 billion in compensation against the four Arab states which imposed a blockade on the airline three years ago.

Slyusar title

News

Russian-powered MC-21 to fly before year-end and Il-114 sooner

United Aircraft is aiming to fly the first Russian-powered Irkut MC-21 before the end of this year, and the Ilyushin Il-114-300 as soon as September, the aerospace firm’s chief has informed President Vladimir Putin.

British Airways Boeing 747-400 nose upper deck

News

IAG’s Walsh warns against obtaining liquidity without structural reform

Outgoing IAG chief Willie Walsh has warned that obtaining liquidity will offer a false sense of security to airlines unless they fundamentally adapt their business to reflect a different post-crisis market.

Air Europa title

News

Air Europa acquisition remains justified: IAG’s Walsh

IAG is striving to close the acquisition of Air Europa by the end of this year, undeterred by the impact of the air transport crisis, although it is reviewing the structure of the €1 billion ($1.2 billion) deal in response to the downturn.

TUI 737 Max

News

TUI agreement further lifts BOC Aviation's 737 Max sale-and-leases

TUI Group has carried out a sale-and-leaseback of five Boeing 737 Max jets with the Singaporean-based lessor BOC Aviation.

Air France A220-300

News

Air France-KLM aims to minimise fleet deferrals to keep competitiveness on track

Just six aircraft ordered by Air France-KLM have so far been pushed back to later delivery slots in the past six months, although KLM has yet to detail its full fleet plan.

JAL A350-900

News

Covid-19 wipes out 78% of JAL’s first-quarter operating revenue

Japan Airlines posted a Y93.7 billion ($885 million) net loss in the April to June period, as Covid-19-related travel and quarantine measures nearly wiped out the carrier’s passenger revenues.

TUI 737 Max

News

TUI agreement further lifts BOC Aviation's 737 Max sale-and-leases

TUI Group has carried out a sale-and-leaseback of five Boeing 737 Max jets with the Singaporean-based lessor BOC Aviation.

Pratt & Whitney's Eagle Service Asia facility in Singapore overhauls GTF...

News

P&W makes significant cuts to Singapore workforce

Pratt & Whitney, which in recent days refuted rumours that it had axed workers in Singapore, has cut a portion of its workforce in the city-state.

640 Fokker 70 Alliance c AirTeamImages 255183

News

Alliance Aviation picks E190s, says Fokker fleet ‘remains core’

Australia’s Alliance Aviation has signed for 14 Embraer E190s — in a move to “position us for the next phase of growth” — but has stressed that its fleet of Fokker aircraft will remain in service for the foreseeable future.

Vietjet adds 4 new routes with ticket are available now

News

VietJet confident of LCC model despite 54% decline in Q2 revenue

VietJet Air is confident of its financial strength and business model, even though second-quarter operating revenues more than halved amid the global Covid-19 outbreak.

UN An-74

News

UN An-74 badly damaged in Mali landing accident

One of Utair Group’s freighter aircraft, an Antonov An-74 TK-100, has been substantially damaged in an accident at Gao in eastern Mali.

Comair 737 Max 8

News

Comair business plan pushed back as rescuers work to firm up offers

South African carrier Comair’s rescue practitioners have disclosed that a potential deal with an interested consortium has fallen through, but are pushing back publication of a business plan to provide time to consider other approaches.

Freight loading

News

Air cargo decline narrows in June but market ‘exceptionally challenging’

Air freight traffic declines showed some signs of improving in June but business remains “exceptionally challenging”, according to the latest IATA market wrap-up.

Fastjet tail

News

Fastjet seeks stock market delisting in bid to maintain crucial funding

African operator Fastjet Group is planning to delist from the stock market and register as a private company, as a condition of securing further support from key shareholder Solenta Aviation Holdings.

De Oliveira

Interview

New chief has big plans for ACI, but crisis recovery comes first

The new director general of airports body ACI World has grand plans to increase the profile and reach of the organisation – but knows he must first oversee the industry’s recovery from an unprecedented crisis, as the coronavirus pandemic halves passenger traffic in 2020.