French aerospace firm Safran has confirmed CFM International’s target of handing over 1,100 LEAP engines for Airbus and Boeing narrowbodies in 2018, emphasizing it is gradually bringing delivery delays down to zero.
Finnair has been forced to downgrade its full-year outlook after the airline’s third-quarter net profit fell 13.9% to €80.5 million ($91.9 million), driven by exceptional weather conditions, a shortage of spare engines, stiff intra-European competition and higher fuel costs.
Fort Lauderdale-based ultra-LCC Spirit Airlines reported a 2018 third-quarter net profit of $97.5 million, up 38% from the $60.2 million reported in the same period last year, offsetting higher costs for jet fuel and personnel.
The United Arab Emirates (UAE) General Civil Aviation Authority (GCAA) has recommended FAA should evaluate whether Boeing needs to assess the risk of an uncommanded 777 engine failure, triggered by nose-gear tire debris, could lead to a dual-engine shutdown.
Certification testing of Boeing’s latest MAX variant, the 737-7, has resumed after flight test crews were temporarily seconded to work on current production models as part of wider company efforts to overcome 737 delivery delays.
The Russian government will transfer 92.31% of its shares in United Aircraft Corp. (UAC) to Rostec, according to a decree signed by President Vladimir Putin signed Oct. 24.
Qantas is confident it can largely recover fuel price increases thanks to strong passenger revenue trends, favorable economic conditions and healthy forward bookings.
Long-haul LCC Norwegian Air Shuttle warned that high oil prices and a strong dollar would affect the entire aviation industry as it reported a third-quarter net profit of NOK1.3 billion ($156 million), up 18% compared to NOK1.1 billion in the year-ago quarter.
Mature-aircraft trader and lessor Vallair, which is the launch customer for the first Airbus A321 passenger-to-freight conversion, is actively seeking more A321s to join eight that it already has slated for conversion.
Mexicans will vote Oct. 25 to decide the fate of the new Mexico International Airport (NAIM) project, which has come under fire from the country’s president-elect over construction costs and environmental impacts.
IATA sees great risk of disruption to air travel in most of the scenarios conceivable for Brexit less than six months ahead of the March 29, 2019 UK exit from the European Union (EU).
Thai Airways is postponing retiring some of its oldest widebody aircraft to cover delays in its fleet acquisition plans and a capacity crunch caused by Boeing 787 groundings for unscheduled engine maintenance.
Leisure operator Small Planet Airlines announced that its Lithuanian business—Small Planet Airlines UAB—has filed for restructuring under Lithuanian law, as a knock-on effect of debts at its German and Polish airlines that both hit financial difficulties this fall.
Ryanair has signed a recognition agreement with the Spanish pilot union SEPLA to cover all its directly employed pilots in Spain, the Irish LCC said Oct. 24.
New York-based LCC JetBlue Airways, reacting to a 37% year-over-year (YOY) increase in fuel prices, doubled down on its plan to “improve our earnings, particularly in the areas we can control,” CEO Robin Hayes said in a third-quarter earnings call Oct. 23.
British Airways (BA) will make a multimillion-pound investment in staff training at its London Heathrow Airport hub, 10 months after a light snowfall there brought chaos to its services.
