Month: April 2021

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Steep impairment costs drag troubled Hainan Airlines to record full-year loss

Troubled Hainan Airlines reported a record operating loss for the year ended 31 December, as heavy impairment costs and a steep decline in revenue punished its earnings. Troubled Hainan Airlines reported a record operating loss for the year ended 31...

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JetBlue takes delivery of its first A321LR

JetBlue Airways has taken delivery of its first Airbus A321LR aircraft, with which it intends to launch transatlantic service later this year. JetBlue Airways has taken delivery of its first Airbus A321LR aircraft, with which it intends to launch transatlantic...

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USA approves Australia to buy four CH-47F Chinook cargo helicopters

The US State Department has approved the sale of four Boeing CH-47F Chinook cargo helicopters to Australia for an estimated $259 million. The US State Department has approved the sale of four Boeing CH-47F Chinook cargo helicopters to Australia for...

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Glimmers of optimism for US MRO sector, recovery pace unclear

The Covid-19 pandemic has jumbled the aircraft maintenance and repair industry, driving down prices for some aircraft components and leaving MRO shops reeling from depressed demand. The Covid-19 pandemic has jumbled the aircraft maintenance and repair industry, driving down prices...

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European propulsion partners agree framework for engine on Next Generation Fighter

A trio of European propulsion specialists have thrashed out an agreement that will enable the creation of a new engine to power the Next Generation Fighter being developed by France, Germany and Spain. A trio of European propulsion specialists have...

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Profitability will return with business and long-haul travel: United’s Kirby

United Airlines’ chief executive Scott Kirby says that the carrier will not turn a profit until business travellers and long-haul international travellers return in greater numbers. United Airlines’ chief executive Scott Kirby says the carrier will not turn a profit...

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Cargo proves strong as Icelandair awaits passenger traffic recovery

Icelandair Group has highlighted cargo activity as a strong performance area in the first quarter, a period in which the company generated a net loss of just over $30 million. Revenues for the first three months of the year reached...

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Gol sees bookings rise as Covid cases recede

Brazilian airline Gol expects sales to pick up as the second wave of the coronavirus recedes in that Latin American country, and potential customers begin to once again make travel plans. Brazilian airline Gol expects sales to pick up as...

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Norwegian aims to fly 50 aircraft this year, once restrictions lift

Restructuring low-cost carrier Norwegian plans to ramp-up its operations to a peak of 50 short-haul aircraft this year once travel restrictions are lifted and to reach 70 aircraft next year. Restructured low-cost carrier Norwegian plans to increase its fleet to...

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KLM aims to complete 737-800 cabin upgrades by March 2022

Dutch carrier KLM has debuted a cabin upgrade for the first of 14 Boeing 737-800, a fleet revamp it aims to complete by March next year. Dutch carrier KLM has debuted a cabin upgrade for the first of 14 Boeing 737-800s, part...

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