Despite showing respectable growth in both carriage and revenue, Air China group’s 2018 net profit growth slowed to 1.33% year over year (YOY), to ¥7.34 billion ($1.07 billion). This is against the backdrop of increased fuel prices, and weakened Chinese currency.
Italian railway company Ferrovie dello Stato (FS) said it needs to look more closely into defining a sustainable business strategy for Alitalia, the bankrupt airline it is negotiating to take over with Delta Air Lines as a likely partner.
A sweeping business review by Air New Zealand has resulted in a cost-cutting plan that will include aircraft delivery deferrals, although the carrier has also unveiled a new international destination and widebody cabin upgrades.
New Caledonia-based airline Aircalin said it would start operating the Airbus A330neo in July. Two of the type are set to join its fleet this year, helping the airline’s development and that of the islands where it is based.
Russia’s MC-21 narrowbody aircraft program is moving forward, as officials confirmed the successful test of a new wing for the airliner made from Russian composites while certification trials have sped up the introduction of the third prototype.
FAA retained oversight of the Boeing MAX’s new maneuvering characteristics augmentation system (MCAS) early on in the aircraft’s certification process, but later delegated it to Boeing once the agency was confident the company had the expertise to manage it, FAA acting administrator Dan Elwell told a Senate hearing Mar. 27.
Key changes to the Boeing 737 MAX’s MCAS will incorporate more redundancy into the aircraft’s much-scrutinized flight-control law and give pilots ultimate elevator authority by limiting the degree of nose-down stabilizer command which the automated system can trigger, the company confirmed Mar. 27.
Despite a record-breaking year in terms of passenger numbers, Montenegro Airlines foresees another challenging year, president Nikola Vukićević said Mar. 27.
The AirAsia X Group is considering launching routes to both Europe and the U.S. West Coast over the next two years, using its initial deliveries of Airbus A330neos.
A spike in flight cancellations linked to several unrelated issues will drive Southwest Airlines’ year-over-year first-quarter (Q1) 2019 non-fuel unit costs up 10%, or 4% higher than its previous guidance, and will cost the carrier about $150 million in lost revenue, the airline revealed Mar. 27.
Norwegian Air Shuttle is temporarily withholding ticket sales for its routes normally operated by the Boeing 737 MAX to ensure it can “meet customer expectations” in its latest update since the aircraft type’s grounding by aviation authorities around the world.
Ethiopian Airlines has issued a statement strongly refuting recent reports stating that Ethiopian GCEO expected the preliminary release of a report into the March 10 crash of its Boeing 737-8 MAX "maybe this week or next week.”
Cathay Pacific is poised to enter Asia’s LCC market, after announcing a deal to purchase 100% of Hong Kong Express (HKE) and operate it as a subsidiary.
The identification of in-service issues with the Boeing 737 MAX maneuvering characteristics augmentation system (MCAS) does not signal errors made during the system’s design and risk analysis, FAA Acting Administrator Dan Elwell will tell the Senate Wednesday.
SINGAPORE/FRANKFURT—China Aviation Supplies Holding Company (CAS) has signed a General Terms Agreement (GTA) with Airbus for 290 A320 family aircraft and 10 A350s in one of Airbus’ biggest deals for its narrowbody aircraft.
Boeing is confident that sales of its Boeing 777X family, which it views as solid, will move at a steady pace, underscoring airlines’ shifting widebody ordering patterns.
