Rolls-Royce is expecting overall in-service cash costs relating to Trent 1000 technical issues to fall to £2.1-2.2 billion ($2.9-3.1 billion), down from £2.4 billion, following improved progress on remedial work. The Trent 1000 is an engine option for the Boeing...
Low-cost carrier Norwegian has sent its plan for financial restructuring to the Irish and Norwegian courts, as it seeks permission from creditors and shareholders to continue the remodelling of its business and initiate a capital raise. Low-cost carrier Norwegian has sent its plan for financial restructuring...
Norwegian regional carrier Wideroe has linked up with Rolls-Royce and aeronautics firm Tecnam to develop an all-electric passenger aircraft within the next five years. The aircraft would be suited to the commuter air transport market and enter service in 2026....
Oil and gas helicopter operator CHC Group is to acquire the offshore business of UK-headquartered Babcock for an undisclosed fee. Oil and gas helicopter operator CHC Group is to acquire the offshore business of UK-headquartered Babcock for an undisclosed fee....
Recent financial results from Asia-Pacific airlines highlight how the disappearance of bellyhold space has given a massive boost to cargo yields. Recent financial results from Asia-Pacific airlines highlight how the disappearance of bellyhold space has given a massive boost to cargo yields....
Rolls-Royce large engine flying hours were down by 57% last year, while deliveries of such engines almost halved to 264. The powerplant manufacturer disclosed the full-year impact of the air transport crisis as it turned in a £2.6 billion ($3.6...
A retired US Air Force B-1B bomber will serve as an integration laboratory at Edwards AFB in California. A retired US Air Force B-1B bomber will serve as an integration laboratory at Edwards AFB in California. The aircraft, 86-0999, is...
Australia has rolled out its latest round of financial support for its tourism and airline sectors, which have acutely felt the impact of the coronavirus pandemic. Australia has rolled out its latest round of financial support for its tourism and...
The US Department of Transportation (DOT) says airline industry employment in January rose to its highest level since April 2020, a tentative sign that demand for air travel may be returning following an almost year-long decline due to the coronavirus....
Northrop Grumman plans to pitch the US Army on an air-launched effect variant of the UVision Hero family of loitering munitions. The air launched effect, called Hero ALE, is intended for use with the service’s Future Vertical Lift aircraft, including...