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Leap engine break-even slips by ‘two or three years’ on lower volumes

Break-even for the CFM International Leap engine programme has been pushed back until 2024 or 2025 – a delay of two or three years over previous targets. Break-even for the CFM International Leap engine programme has been pushed back until...

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Smartwings starts returning 737 Max to service

Czech carrier Smartwings is starting to put its Boeing 737 Max fleet back into service, following European recertification of the twinjet. Smartwings carried out a 1h verification flight with an initial aircraft (OK-SWE) at Prague on 24 February. It says...

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Safran targets mid-2030s for next-generation engine with 20% fuel-burn saving

Safran and its partner in the CFM International joint venture GE Aviation are preparing the technologies required for a next-generation commercial aircraft engine to enter service in the mid-2030s that would cut fuel burn by over 20%. Safran and its...

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Thai Airways plunges to record full-year net loss; faces possible delisting

Thai Airways reported its worst-ever full-year net loss — dragged down by significant one-time costs — as it faces possible delisting from the Stock Exchange of Thailand (SET) because of negative equity. Thai Airways has reported its worst-ever full-year net...

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Alaska burned $137 million in January amid steady recovery

Alaska Air Group forecasts that revenue for the first quarter will be slightly better than expected yet will still be down 55-60% year on year compared with the first quarter of 2020 before the coronavirus pandemic began. Alaska Air Group forecasts that...

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Air New Zealand mulls ‘opportunities to adjust’ widebody fleet amid half-year loss

Air New Zealand will take no new aircraft before June as it eyes “opportunities to adjust” its future widebody fleet, including reducing the number of Boeing 777-300ERs and delaying 787 deliveries. Air New Zealand will take no new aircraft before...

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SAS poised to re-open European summer routes if restrictions ease

Scandinavian operator SAS is preparing to re-open 180 routes for the summer within the Nordic region and Europe, believing that vaccination programmes are set to ease travel restrictions. The airline is continuing to suffer heavily from the air transport crisis,...

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Leap engine delivery slump drives Safran revenue and profit sharply down

French aerospace group Safran saw revenue and profit pummelled in 2020 amid the aerospace industry’s “greatest crisis in its history” as the Covid-19 pandemic drove down activity across all three of its divisions. French aerospace group Safran saw revenue and...

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Boeing bullish on growth in South-east Asia, including 737 Max prospects

While Boeing will “continue to defer” to civil aviation regulators in South-east Asia for the recertification and return to service of the 737 Max, it remains optimistic about the narrowbody’s long-term demand. While Boeing will “continue to defer” to civil...

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How IATA’s new app could help ease travel restrictions

A mobile phone application for airline passengers to securely store and share Covid-19 vaccination and test results is set to be rolled out as a fully functional system over the next few weeks. A mobile phone application for airline passengers...

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