All articles by Pilar Wolfsteller – Page 2
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Lilium expects to burn about €350m in 2024
Advanced air mobility developer Lilium expects to spend €340-360 million ($369-391 million) in 2024 as it marches toward preparing to flight test its first production-conforming jet.
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Volaris reports $8m profit for 2023 as demand rises
Mexican ultra low-cost carrier Volaris reported a full-year profit of $8 million as the company resized operations and capitalised on strong demand.
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Allegiant and Viva Aerobus urge US DOT to resume review of proposed alliance
Las Vegas-based Allegiant Air and Mexico’s VivaAerobus have requested the US Department of Transportation (DOT) reinstate the procedural schedule pertaining to approval of an alliance between the two ultra-low-cost carriers.
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Delta and Aeromexico slam US DOT for ‘arbitrary’ cancellation of joint business
Delta Air Lines and Aeromexico call the US government’s planned termination of their joint cooperation agreement (JCA) “arbitrary, misdirected, discriminatory and ineffectual” in a new filing protesting the move.
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Air Canada caps fares and adds seats to help Lynx passengers
Air Canada will cap fares and add 6,000 seats in “select markets” to assist passengers in the wake Lynx Air’s pending cessation of operations.
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Canada’s Chorus turns C$106 million profit in 2023 as all segments remain strong
Canada’s Chorus Aviation said its 2023 profit more than doubled year on year to C$106 million as all three segments of the company posted gains.
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LATAM improves earnings on strong international and domestic passenger demand
LATAM Airlines Group posted improved fourth-quarter and full-year earnings as international capacity surged and domestic demand also remained strong.
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Swiss CEO Vranckx to depart for Lufthansa Group executive board role
Swiss International Air Lines chief executive Dieter Vranckx will leave his post to join Lufthansa Group’s executive board, responsible for global markets and commercial steering hubs, in July.
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JetBlue expects average of 11 grounded aircraft due to Pratt & Whitney engine issues: CFO
JetBlue Airways expects to have an average of 11 Airbus narrowbody aircraft grounded during 2024 due to inspections of the jets’ Pratt & Whitney PW1100G geared turbofan (GTF) engines.
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American to launch daily flights between JFK and Tokyo Haneda in June
American Airlines will become the only US carrier to connect New York and Tokyo when it launches daily flights to the Japanese city in June.
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Joby completes third of five-stage FAA type certification process
US advanced air mobility company Joby says it’s completed the third of the Federal Aviation Administration’s five-stage type certification process as it reports a 2023 full-year loss of $513 million.
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Business and GA manufacturers delivered more than 4,000 aircraft in 2023
Deliveries of business and general aviation aircraft last year topped 4,000 for the first time in more than a decade, according to newly released figures from the trade association representing the sector’s manufacturers.
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Boeing Commercial Airplanes shakes up management to ‘enhance focus’ on quality
Boeing Commercial Airplanes (BCA) has made some management changes in the wake of numerous recent quality issues that have affected its airframes and cast a shadow over the US airframer.
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Pilatus delivers 148 aircraft and posts Swfr240 million profit in 2023
Swiss business and military trainer aircraft maker Pilatus delivered 148 aircraft in 2023 - up from 133 the year before - and increased both sales and operating profit, making it a “superlative year” for the company.
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United to rely on Boeing 737 Max 9s as it awaits Max 10 certification: CFO
United Airlines will rely more on its Boeing 737 Max 9 fleet as the US airframer is having trouble delivering on other Max variants, including the yet-to-be certificated higher-gauge Max 10.
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Breeze firms 10 Airbus A220 orders and will be profitable in 2024: CEO
Start-up carrier Breeze Airways has converted 10 Airbus A220-300 options to firm orders as the three-year old company is anticipated to be profitable for the first time in 2024.
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Swiss CFO Markus Binkert to leave company in May
Swiss International Air Lines’ chief financial officer Markus Binkert will leave the company at the end of May.
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Canadian ultra-low-cost carriers Lynx and Flair to combine: reports
Canadian media have reported that two of the country’s ultra-low-cost carriers – Lynx and Flair Airlines – are on the cusp of announcing a merger.
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Hawaiian’s shareholders accept Alaska’s $1.9bn takeover bid
Hawaiian Holdings’ shareholders have voted to accept the $1.9 billion acquisition offer from Alaska Air Group.
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Peter Gerber takes role as Condor’s chief executive
Former long-time Lufthansa Group manager Peter Gerber has taken up his role as chief executive at German low-cost carrier Condor.