SQUAWK

MHI’s aerospace unit narrows nine-month loss

Mitsubishi Heavy Industries’ (MHI) troubled SpaceJet programme cut its losses for the nine months to 31 December 2020, as developmental costs fell amid an ongoing programme freeze.  Mitsubishi Heavy Industries’ (MHI) troubled SpaceJet programme narrowed its losses for the nine...

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​China Eastern’s parent to pump in up to $1.67bn via A-share issue

China Eastern Airlines’ controlling shareholder CEA Holding will inject up to CNY10.8 billion ($1.67 billion) into the airline by purchasing nearly 2.5 billion of newly issued A-shares, in a move the Shanghai-based carrier says will provide “strong financial support” for it to develop...

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Martin Baker Mk18 seat selected for Indian F-21 bid

Lockheed Martin will offer the Martin Baker Mk18 Seat for the F-21, in an effort to deliver a more competitive proposal for an Indian Air Force requirement for 114 fighters. The IN18E seat will replace the ACES II Seat from...

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Alliance inks E190 wet-lease partnership with Qantas

Australian regional operator Alliance Airlines has inked a wet lease agreement to provide flexible capacity to the QantasLink network with three of its recently acquired Embraer E190s. Australian regional operator Alliance Airlines has inked a wet lease agreement to provide...

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HAL unveils ambitious air-teaming system centred on Tejas

Hindustan Aeronautics (HAL) has unveiled a developmental air-teaming system that will incorporate the Tejas Light Combat Aircraft with various unmanned assets. HAL has received the necessary approvals, and funding allocations are being made. The air force and navy are believed...

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New Delhi to Issue RFP for 70 HTT-40s

The Indian air force is expected to issue a Request for Proposal (RFP) to Hindustan Aeronautics (HAL) for 70 Hindustan Turbo Trainer 40 (HTT-40) basic trainers. The Indian air force is expected to issue a Request for Proposal (RFP) to...

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Smaller Chinese carriers expect comparatively modest 2020 losses

The financial losses expected by three of China’s smaller carriers in 2020 are dwarfed by losses expected at the “Big Three” and troubled Hainan Airlines. The financial losses expected by three of China’s smaller carriers in 2020 are dwarfed by...

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AH-64E Apache teams with two UAVs to identify, attack target

An Apache AH-64E, a Textron Shadow RQ-7BV2 Block 3 tactical UAV and a General Atomics Aeronautical Systems MQ-1C Gray Eagle Extended Range UAV successfully worked together to carry out an air-to-ground missile attack at Dugway Proving Ground in October. The...

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Allegiant Q4 loss is $29m, sees recovery ‘on the horizon’

Allegiant Travel Company, the parent of ultra-low-cost carrier Allegiant Air, sees a post-coronavirus recovery “on the horizon” with customer travel intention steadily rising following almost a year of coronavirus-driven inertia. Allegiant Travel Company, the parent of ultra-low-cost carrier Allegiant Air,...

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Collins’ dogfighting training system flies on US Navy F/A-18E Super Hornet

The US Navy has completed the first in-flight test of Collins Aerospace’s Tactical Combat Training System II (TCTS II), a system that could become the brains behind future large-scale virtual dogfights. The US Navy has completed the first in-flight test of Collins Aerospace’s Tactical...

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