Spirit AeroSystems’ deal to buy certain Bombardier commercial aviation assets significantly broadens the aerostructures specialist’s aftermarket presence beyond traditional spare-parts sales, largely through principal customer Boeing.
Facing intense competition from LCCs in Vienna and rising fuel prices, Austrian Airlines saw a steep drop in earnings for the first nine months and warned of a possible loss for the financial year.
Swiss International Air Lines (SWISS) posted adjusted earnings before interest and tax (EBIT) of CHF490 million ($493.5 million) for the first nine months, down 11% from CHF549 million a year ago.
Rolls-Royce said its timetable to fix problems found in the TEN version of the Trent 1000 engine will be delayed after evaluations revealed that proposed modifications would not deliver a “sufficient level” of enhanced durability.
Faced with declining profit margins, Lufthansa Group is making cuts to fleet investments, and accelerating aircraft retirements and cost reduction measures.
Emirates Airline saw its net profit nearly quadruple in the first half of its financial year, but warned that stiff competition would put pressure on the aviation industry in the second half.
Irish low-cost carrier Ryanair has withdrawn three of its Boeing 737-800 aircraft from service after the discovery of cracks located between the aircraft’s fuselage and wing.
The ground collision between two Airbus A330s in October 2018 at Paris-Charles de Gaulle Airport could have left one of them taking off with damaged tailcone and horizontal stabilizer, if it were not for the vigilance of a towing vehicle driver, according to an investigation report by the French BEA.
Rolls-Royce will lead development of a hybrid-electric flight demonstrator with funding from the German state of Brandenburg. The distributed-propulsion testbed will be based on the i-5 aircraft designed by APUS, an aviation engineering company based in Strausberg.
The US Department of Homeland Security (DHS) has requested industry feedback about the feasibility of developing passenger self-screening stations at US airports.
Norwegian Air Shuttle has raised NOK2.5 billion ($273 million) through a share sale and bond issue, leaving it “fully funded through 2020 and beyond,” the LCC said.
Unsure when the Boeing 737 MAX 8 will return to service, Singapore Airlines (SIA) will retrofit subsidiary SilkAir’s 737-800 aircraft instead as it moves ahead with integration into the parent airline.
Virgin Australia has announced significant network cuts and the retirement of more of its older aircraft as the company makes adjustments in an effort to improve its financial health.
Package carrier UPS and pharmacy company CVS on Nov. 5 said they completed the first money-making deliveries of medical prescriptions to customers by drone.
Airlines worldwide are on track to submit their first full year of emissions data under ICAO’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), although some regulators have been slow to react to the new rules.
American Airlines and Qantas have implemented their joint venture (JV) between the US, Australasia and New Zealand, the companies announced in a Nov. 1 filing with the US Department of Transportation (DOT).
Boeing CEO Dennis Muilenburg’s testimony last week before a US House panel raised “a litany of new questions” about the development of the 737 MAX, two top committee members said in a letter to House lawmakers.
Air France-KLM has detailed plans to simplify its fleet and hopes to decide between Airbus A350s and Boeing 787s to replace its A380s in the coming weeks as the company sets out a new long-term strategy to better compete in a tough European operating environment.
