Engine manufacturer Rolls-Royce started work on its new testbed facility in Derby, UK. The building, believed to be the largest of its type in the world, was announced in June 2017 as part of a wider £150 million ($211 million) investment in UK aerospace facilities.
Mitsubishi Aircraft is upgrading avionics and flight-control software in its four U.S.-based MRJ90 prototypes while also making electrical harness changes related to a program delay announced last year.
FedEx Corp. posted an unadjusted $2.1 billion net profit for its fiscal 2018 third quarter ended Feb. 28, as the Memphis-based package delivery giant saw a $1.53 billion benefit following U.S. tax legislation enacted in late 2017.
The massive fiscal year (FY) 2018 spending bill the U.S. Congress is attempting to push through this week would increase FAA funding nearly 4% over FY17 figures, including a 13.8% jump in Facilities and Equipment (F&E) spending, where most NextGen air traffic control modernization program spending resides, and a boost in airport grant funding.
Chorus Aviation Capital (CAC), the aircraft leasing subsidiary of Halifax-based Chorus Aviation, entered into a sale and leaseback transaction with Dublin-based regional carrier CityJet for two Bombardier CRJ900s.
Eurocontrol, the organization in charge of air traffic management (ATM) at the European level, called for a reorganization of the continent’s airspace based on traffic flows rather than borders.
Following Transport Canada’s suspension of Vancouver-based Orca Airways’ air operator’s certificate (AOC) last week, Calgary-based carrier Integra Air will take over Orca’s scheduled passenger and cargo flights in British Columbia, Integra CEO John Macek said March 19.
Southwest Airlines said a combination of factors will keep it from growing first-quarter RASM as much as expected, but the carrier remains confident in its full-year outlook for a unit-revenue uptick.
An extended period of sustained demand for global air cargo lift has Boeing optimistic about its freighter product line, including its slow-selling 777F.
Airbus is positioning the A330neo to operate on true long-haul routes such as from the U.S. West Coast deep into Asia or from India to the U.S. East Coast.
Norwegian raised NOK1.3 billion ($168 million) in a private share placement as it pushes ahead with expansion amid rising fuel prices and currency effects, which the LCC said is leading to a “challenging” first quarter.
The AAR Corp.-Indamer Aviation joint-venture (JV) aircraft maintenance facility opening in India this year is in talks with two potential long-term customers and hopes to have an announcement “soon,” AAR president John Holmes said.
The European Parliament’s Transport Committee has voted to approve new rules aimed at better protecting European Union (EU) airlines in the face of alleged unfair practices by non-EU competitors.
Ukrainian start-up LCC SkyUp Airlines firmed an order for three Boeing 737-10s and two 737-8s, Boeing said March 20, making SkyUp the first Eastern European carrier to order a 737-10. The total value of the order is $624 million at list prices.
Irish LCC Ryanair has entered into an agreement to take a 24.9% stake in Niki Lauda’s new Austrian carrier, LaudaMotion, with a plan to grow ownership to 75%.
Mitsubishi Aircraft has temporarily ceased MRJ90 flight testing at Moses Lake, Washington, where four prototype MRJ90s are based, so that it can incorporate changes needed for certification.
Virgin Atlantic Group incurred a £48.5 million ($67.6 million) net loss for 2017, down from a £187.3 million net profit in 2016, citing “significant operational challenges and [a] difficult economic backdrop” for the downturn.
Israel Aerospace Industries (IAI) plans to develop an electric short-haul commercial aircraft. The company said future electric-powered aircraft will reduce emissions and noise and provide significant savings in fuel costs.
