AirAsia has taken another step towards reaching its target for raising liquidity, after receiving MYR240 million ($56.8 million) for its share in leasing company Fly Leasing.
Executives of aero-engine manufacturer Rolls-Royce say they are encouraged by increasing levels of flying activity, bolstered by domestic flights using wide-body aircraft.
The suspension of Mitsubishi Heavy Industries’ (MHI) SpaceJet regional jet program helped the company’s aerospace division return to profit in the first quarter of fiscal 2021.
Porter Airlines will use Embraer’s aftermarket services to maintain its E195-E2 fleet, providing the airline with separate long-term support agreements for major airframe and engine maintenance needs.
Lufthansa Group CEO Carsten Spohr now expects the U.S. to reopen air travel for fully vaccinated international passengers by the end of September, a step that could be a key milestone in the airline’s recovery.
Juniper plans to build a portfolio valued at about $600 million within five years consisting of 20-25 freighters, depending on the mix of narrowbodies and widebodies.
Austrian Airlines, Brussels Airlines and Swiss International Airlines also warned of ongoing uncertainty in the COVID-19 situation and urged further easing of transatlantic travel restrictions on the U.S. side.
The European Union-funded project has devised a roadmap for a future propulsive fuselage airliner concept (PFC) after revealing better-than-expected potential fuel burn savings of 4.7% compared to an equivalent-technology conventional aircraft.
Delta Air Lines and LATAM Airlines Group continue to stress their proposed immunized joint venture is a necessary counterbalance to American Airlines’ dominance on routes from the U.S. to Latin America.
U.S. Senate lawmakers are gathering information on how several carriers, including American, have managed workforce issues during the downturn while collecting payroll-relief funds.
Motion control supplier Moog’s aftermarket business is bouncing back quickly despite the company’s high exposure to widebody fleets that are being hit hard by the ongoing international long-haul traffic slump.
The era of Asian LCCs outdoing each other with massive narrowbody orders is probably over for the foreseeable future, as digesting their current backlogs will be enough of a challenge.
Aircraft modification specialist AeroTEC is to lead conversion, flight test and certification of the De Havilland Canada Dash 8 regional turboprop to hydrogen fuel-cell propulsion under a joint effort with Universal Hydrogen.
The deal will commence on Jan. 1, 2023 although the two carriers said they would continue to “evaluate options with respect to an earlier contract start date.”
Startup Regent plans to have a piloted 12-passenger seaglider on the market by 2025 as a replacement for seaplanes and water taxis, followed by a 50-passenger vehicle that the company sees replacing not only ferries, but regional turboprops and jets.
