Boeing Global Services (BGS) increased revenue 14% in the third quarter (Q3) to $4.1 billion, and the strong environment combined with the folding in of parts distributor KLX led the company to raise full-year revenue guidance $0.5 billion, to $16 billion-$16.5 billion.
The Russian aircraft industry went through another round of consolidation Oct. 25 as the country’s aircraft manufacturing conglomerate United Aircraft Corporation (UAC) fell under control of industrial giant Rostec.
Long-haul LCC Norwegian Air Shuttle, while reporting an 18% rise in the airline’s third quarter 2018 net profit, warned that high oil prices and a strong dollar will affect the entire aviation industry.
Qantas is confident it can largely recover fuel price increases thanks to strong passenger revenue trends, favorable economic conditions and healthy forward bookings.
Austrian communications and information systems developer Frequentis and the UAE General Civil Aviation Authority (GCAA) have entered into a memorandum of understanding to support current and future developments in airspace management.
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 the company already has slated for conversion.
FAA will evaluate Iridium’s new Certus satellite broadband service before approving it for Future Air Navigation System (FANS)-based communications between pilots and air traffic controllers in oceanic airspace.
Cathay Pacific announced Oct. 24 its discovery of an IT security breach to its information system containing passenger data of up to 9.4 million people.
The International Air Transport Association (IATA) revealed that present trends in air transport suggest passenger numbers could double to 8.2 billion in 2037.
Airbus appeared to be slowly overcoming its production issues but has found itself in the middle of another small crisis—introducing new A321neo versions.
IATA said Oct. 24 it sees great risk of disruption to air travel in most of the scenarios conceivable for Brexit less than six months ahead of the Mar. 29 UK exit from the European Union.
Mexican citizens will take to the ballot box beginning 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.
Ryanair has signed a recognition agreement with the Spanish pilot union SEPLA to cover all of its directly employed pilots in Spain, the Dublin-based LCC said Oct. 24.
The Philippines government’s House Committee on Transportation passed a bill Oct. 24 creating the Philippines Airport Development Corporation (PADC) to oversee the construction, maintenance and operation of airports across the country.
Delaying the retirement of some of its oldest widebodies is helping Thai Airways cover delays in its fleet acquisition plans and Boeing 787 engine issues.
Top-line growth in its defense and services businesses helped Boeing offset production-related challenges in its Commercial Airplanes unit that kept the division’s year-over-year (YOY) revenues flat, lifting total third-quarter (Q3) sales to $25.1 billion, a 4% YOY increase.
A first-of-its-kind Boeing 777 uncommanded engine failure triggered by nose-gear tire debris has led the United Arab Emirates (UAE) General Civil Aviation Authority (GCAA) to recommend FAA evaluate whether Boeing needs to assess the risk such an incident poses to a dual-engine shutdown.
Connectivity provider Global Eagle Entertainment said it has demonstrated communications at broadband speeds between an aircraft and a Low-Earth Orbit (LEO) satellite for the first time.
Hawaiian Airlines says its Airbus A321neo deliveries have now caught up to their planned timetable following delays earlier this year, which will allow the airline to phase out its remaining Boeing 767s in early 2019.
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.
UK aircrew union British Airline Pilots Association (BALPA) urged the UK government to bring forward its program of drone education and registration following a near miss over London that it said could have had disastrous consequences.
