US airlines are warning that exploding coronavirus case counts across the country have sparked a new wave of cancellations which will negatively affect their business in the current quarter, including expectations of higher-than-previously-forecasted cash burn. US airlines are warning that...
Scandinavian budget airline Norwegian is again proposing a debt-for-equity conversion as part of an effort to raise funding, just six months after persuading creditors to sign up to a similar scheme. Norwegian says it will request “significant equitisation” of debt...
Low-cost carrier Ryanair is to open a base at Venice Treviso airport in March, the airline’s 15th in Italy. Ryanair will base two aircraft there from 30 March, adding 18 new routes from the airport in the process. That will take...
Investment bank Wadiah Capital is attempting a belated entry into the contest to acquire Israeli carrier Israir, submitting a joint offer with Australia Aviation Amrock. The companies have put forward a proposal for a joint acquisition through a 51:49 venture...
Feathered Propeller A propeller whose blades have been rotated so that the leading and trailing edges are nearly parallel with the aircraft flight path to stop or minimize drag and engine rotation. Normally used to indicate shutdown of a reciprocating...
Singapore-based aerospace company Kelley Aerospace has its sights set on the supersonic air transport, with the rollout of two in-development concepts in business aviation and unmanned aerial vehicles (UAV). Singapore-based aerospace company Kelley Aerospace has its sights set on the...
Alliance Aviation expects to report a A$26 million ($19 million) underlying profit before tax for the July to December period, attributing it to robust contract and charter operations in the resource sector. This compares with A$15.5 million in the year-ago...
Pratt & Whitney has opened its second PW1100G geared turbofan MRO centre in China, with MTU Maintenance Zhuhai joining P&W’s global network of MRO providers. Pratt & Whitney has opened its second PW1100G geared turbofan MRO centre in China, with...
Recipient of the Decade of Airline Excellence Award for the North America region, sponsored by Pratt & Whitney, and the overall winner. From the FlightGlobal and Korn Ferry team behind the annual Airline Strategy Awards, the Decade of Airline Excellence Awards are celebrating the best airline...
Boeing has no intention to stop calling its latest 737 the “Max”. Boeing has no intention to stop calling its latest 737 the “Max”. The company’s chief executive David Calhoun dismissed that suggestion during a 3 December press conference. “There...