Faced with rising fuel costs and a weakened Chinese yuan against the U.S. dollar, China Eastern Airlines recorded an operating profit of 5.76 billion yuan ($830 million) for the first nine months of 2018, down 42.1% from the same period last year.
China has attempted to steal technology relating to the CFM Leap-1 turbofan engine to support development of its rival CJ-1000, according to a U.S. Justice Department statement.
Overcapacity in the increasingly competitive Canadian domestic market led WestJet to defer receipt of four Boeing 737-8s scheduled for delivery next year, but the carrier continues to see opportunities internationally.
With numerous and mounting issues in two of its major programs, Airbus has reduced its delivery target for 2018 and warns it is “actively working to resolve certain commercial challenges on the A330ceo and the A380,” hoping to resolve them by the year-end.
The 2018 ALTA Airline Leaders Forum ended with CEOs of Avianca, Copa Airlines and LATAM Airlines responding to a barrage of issues, including two that were occurring simultaneously with the Panama City conference.
Air France-KLM said its revenues rose in the third quarter and predicted a further increase in the final three months of the year, but warned its fuel costs also would increase and passenger network capacity would grow by less than expected.
Indonesian officials appear confident the location of the main part of the fuselage from the Oct. 29 Lion Air Flight JT610 crash has been found, as the search for wreckage continued for a third day on Oct. 31.
Overcapacity in the increasingly competitive Canadian domestic market led LCC WestJet to defer receipt of four Boeing 737 MAX-8s scheduled for delivery next year, but the carrier continues to see opportunities internationally and announced it would redeploy one of its Boeing 767s on a new transatlantic route after it takes its first Boeing 787s.
Canada’s WestJet overcame rising fuel prices and other headwinds to post a third-quarter (3Q) net profit of C$45.9 million ($35 million), down 66.3% from the C$135.9 million reported in the year-ago quarter.
Rolls-Royce has acknowledged it has fallen behind on Trent 7000 shipments to Airbus that will cause residual delays for A330neo deliveries later this year and into 2019.
Embraer is still working to firm up many of the commitments received at this year's Farnborough Airshow, but executives are confident 2019's production will be at or possibly above this year's projected total of about 90 deliveries, and the recently reduced backlog will be replenished quickly.
U.S. airport groups are disappointed Congress opted not to increase funds they receive for infrastructure construction in the latest FAA reauthorization bill, putting pressure on the facility operators to generate investment funds amid record passenger demand.
Aircraft lessor AerCap completed 87 aircraft transactions in the third quarter, including 20 for widebodies, and said more than 90% of its new aircraft delivered through 2020 will be leased.
Leonardo technology and Chinese money are being joined to create a plant in China to manufacture composite parts for the Sino-Russian Craic CR929 widebody airliner.
Russia’s Federal Air Transport Agency said it has suspended Yakutia Airlines’ international flights starting Nov. 5, until the Yakutsk-based carrier corrects flaws that were uncovered during inspections.
Kenya Airways launched daily Nairobi-New York John F. Kennedy International Airport services Oct. 28, making it the fifth African carrier serving the U.S.
Latin American and Caribbean airline leaders meeting at the annual ALTA forum in Panama City Oct. 29 emphasized a coordinated and vigorous approach to digital modernization, decreased regulation and infrastructure improvements.
