Spanish technology company Indra is introducing artificial intelligence (AI) to its air traffic control (ATC) remote towers to allow a greater degree of scrutiny of both air and ground movements.
Government-owned regional airline South African Express (SA Express) has said flights are continuing as normal, despite entering “business rescue,” which is roughly the equivalent of bankruptcy protection.
Russian regional carrier Polar Airlines will increase its traffic by 50% this year after adding six Antonov An-24 twin turboprops to its fleet, the airline said in February.
Reeling from the decline in visitorship and traffic from China because of the COVID-19 outbreak, governments in the region are rolling out measures to help airlines suffering from the slump.
Bombardier will specialize as a business aviation manufacturer after agreeing to sell its train division to Alstom of France for $4.2-4.5 billion in cash, Michael Bruno, [email protected] Bombardier will specialize as a business aviation manufacturer after agreeing to sell its train division to Alstom of France for $4.2-4.5 billion in cash.
Ireland-based lessor AerCap, reporting $1.15 billion in net income for 2019, said its prospects are fair for 2020, although the continuing Boeing 737 MAX grounding is having an adverse effect on its figures.
Crediting its multiyear transformation program, the Singapore Airlines (SIA) Group posted a 10.9% year-on-year (YOY) profit growth for its fiscal 2019/2020 third quarter (Q3), earning S$315 million ($233.5 million) for the period ending Dec. 31, 2019.
With the aerospace manufacturing sector expecting Boeing to restart 737 MAX production as early as next month or April, one widely followed industry consultant said it will take up to two years to clear out the stored inventory of narrowbody aircraft and fuselages.
A new U.S. low-cost airline being launched by a former United Airlines executive has raised $125 million and expects to start service before the end of the year.
Delta Air Lines plans to spend $1 billion over the next decade to “mitigate” all emissions from its business, investing in a wide range of initiatives to reduce or eliminate carbon emissions throughout its business.
The COVID-19 outbreak has already led to an estimated $4 to $5 billion reduction in gross operating revenues for airlines across the globe, according to ICAO.
Mergers and capacity reductions among Chinese airlines may result from the COVID-19 outbreak, as the Civil Aviation Administration of China (CAAC) said it will support reorganization of the industry as part of its response to the crisis.
Lessor Aircastle’s acquisition by Marubeni Corp. and Mizuho Leasing is “progressing as expected,” Aircastle CEO Michael Inglese said ahead of a Mar. 6 shareholder vote on the proposed tie-up.
