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Southwest Airlines reports third quarter financial results

Southwest Airlines reported its 70th consecutive quarterly operating profit. After special charges totaling $247 million primarily related to mark-to-market adjustments on a portion of the future periods’ fuel hedge portfolio required by Statement of Financial Accounting Standard (SFAS) 133, the Company reported a third quarter 2008 net loss of $120 million. This compares to net income of $162 million, for third quarter 2007. Excluding these special charges and other special items, the Company reported third quarter 2008 net income of $69 million compared to $156 million for third quarter 2007.

Etihad Airways returns to Kolkata, India

March 27, 2023

Etihad Airways, the national carrier of the UAE, touched down in Kolkata, India, on March 26, as the airline made its much-anticipated return to the city. With a total of seven-weekly nonstop services, the airline will once again connect India’s financial capital, Kolkata, with the world through Abu Dhabi. The first flight on the new

Jet Aviation obtains FOCA approval for line maintenance in Zurich

March 27, 2023

Jet Aviation announced today that it has successfully obtained approval from the Swiss Federal Office of Civil Aviation (FOCA) for its line maintenance repair station in Zurich. The facility is authorised to perform line maintenance on a range of business aircraft. Jet Aviation launched line maintenance in Zurich in May 2022, under a temporary extension

Brussels Airlines to welcome Dorothea von Boxberg as new CEO

March 24, 2023

Currently Chairperson of the Executive Board of Lufthansa Cargo AG, Dorothea von Boxberg will shortly become the new CEO of Brussels Airlines. The appointment is subject to a pending resolution by the Board of Directors of SN Airholding. She is due to take up her new position on April 15 this year and will also

Airbus delivers first A321neo from FAL Tianjin

March 24, 2023

Airbus has delivered the first A321neo aircraft assembled at its final assembly line Asia (FAL Tianjin) to China’s Juneyao Air in Tianjin, China. The aircraft is powered by Pratt & Whitney GTF engines and features 207 comfortable seats, eight in Business and 199 in Economy Class. Its delivery flight is to use a ten percent

IAI successfully concludes first flight of ‘The Big Twin’ after conversion

March 24, 2023

Israel Aerospace Industries (IAI) has announced the successful completion of the first test flight, as part of the final certification process for the B777-300ER passenger aircraft converted to a cargo configuration, known as, The Big Twin. On conclusion of the certification process by the civil aviation authorities, The Big Twin will be the first twin-engine

VTOL orders driving strong growth in aircraft industry

March 24, 2023

Aircraft orders surged by 40% last year and are set to continue to expand this year with hybrid and electric vertical take off and landing (VTOL) aircraft driving growth, new research* from industry experts Revolution.Aero shows. Its data reveals aircraft orders rose to 2,876 last year from 2,056 in 2021 with hybrid and electric VTOL

LYTE Aviation reveals 40-seat Hybrid eVTOL – SkyBus and SkyTruck

March 24, 2023

LYTE Aviation, the newest advanced air mobility innovator, addressing advanced urban mobility and connectivity, has revealed its 40-seat (hybrid) eVTOL SkyBus and SkyTruck programme on March 23. Its LA-44 SkyBus and complementary SkyTruck cargo variant, designed around a 4.5 tonne payload, is the accumulation of three years’ R&D. The result is a game-changing, vertical take-off and landing

Bombardier updates 2025 strategic objectives

March 24, 2023

Bombardier has updated its 2025 objectives. The company is now targeting more than US$9 billion in annual revenue by 2025, with an adjusted EBITDA of more than US$1,625 million and a healthy adjusted EBITDA margin of approximately 18%. Bombardier also expects to generate significant free cash flow in the coming years, to the tune of more than US$900

Magnetic Group rebrands Direct Maintenance as Magnetic Line

March 24, 2023

Magnetic Group, a fast-growing aviation company, has released that Direct Maintenance has been rebranded as Magnetic Line. This rebranding is part of Magnetic Group’s overarching strategy to unify all its businesses under a single brand – Magnetic – and streamline its products and services under one easily recognisable name. Direct Maintenance has been an integral

Avianca – Viva Air merger gets Columbian CAA approval

March 23, 2023

Columbian flag-carrying airline Avianca and Viva Air have received merger approval from the Columbian civil aviation authority. The merger was originally proposed back in April 2022 with the intention to keep the branding and strategies separate. One of the merger conditions is that Viva Air reimburse all passengers who have been affected by flight cancellations

Lufthansa to resume regular flight operations with Airbus A380

March 23, 2023

From June 1, Lufthansa will resume its regular flight operations with the popular Airbus A380 after a three-year interruption. Daily flights from Munich to Boston will be operated by LH424. Commencing July 4, 2023 and just in time for Independence Day, the U.S. national holiday, an A380 with flight number LH410 will take off daily

Japan Airlines signs firm order for 21 fuel-efficient Boeing 737-8 jets

March 23, 2023

Japan Airlines (JAL) and Boeing have finalized an order for 21 super-efficient Boeing 737-8 jets. The versatile 737-8 will position JAL to strengthen its domestic and regional network as passenger traffic continues to return to pre-pandemic levels. JAL intends to begin introducing the airplanes into its fleet from 2026. “We are delighted to select the

AAT Composites secures product organisation approval from EASA

March 23, 2023

AAT Composites, a South African-based design and manufacturing composite company, has earned production organisation approval (POA) in compliance with the European Union Aviation Safety Agency (EASA Part 21G). Globally, AAT Composites joins an elite club of aviation suppliers with POAs. EASA Part 21G is an approval to manufacture aircraft parts and appliances in conformity with

Heart Aerospace to explore use of electric ES-30 airplane with Åland Islands

March 23, 2023

Swedish electric airplane maker Heart Aerospace and the Government of Åland have announced a collaboration to explore the use of Heart’s electric regional airplane, the ES-30, in developing sustainable air services for the Baltic Sea group of islands. Åland is an autonomous part of Finland with a Swedish speaking population. It is located in the

Ferrovial and Eve Air Mobility team up on urban air traffic in the United States and Europe

March 23, 2023

Ferrovial Airports (Ferrovial) and Eve Air Mobility, a developer of electric vertical take-off and landing (eVTOL) aircraft, services and support, and urban air traffic management (Urban ATM) software, have agreed to partner to jointly develop the safe and reliable operation of vertiports and eVTOLs. This collaboration, embodied in a statement of intent, reinforces Ferrovial’s commitment to urban air

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Southwest Airlines reports third quarter financial results

Etihad Airways returns to Kolkata, India

Jet Aviation obtains FOCA approval for line maintenance in Zurich

Brussels Airlines to welcome Dorothea von Boxberg as new CEO

Airbus delivers first A321neo from FAL Tianjin

IAI successfully concludes first flight of ‘The Big Twin’ after conversion

VTOL orders driving strong growth in aircraft industry

LYTE Aviation reveals 40-seat Hybrid eVTOL – SkyBus and SkyTruck

Bombardier updates 2025 strategic objectives

Magnetic Group rebrands Direct Maintenance as Magnetic Line

Avianca – Viva Air merger gets Columbian CAA approval

Lufthansa to resume regular flight operations with Airbus A380

Japan Airlines signs firm order for 21 fuel-efficient Boeing 737-8 jets

AAT Composites secures product organisation approval from EASA

Heart Aerospace to explore use of electric ES-30 airplane with Åland Islands

Ferrovial and Eve Air Mobility team up on urban air traffic in the United States and Europe

Aviation News Categories

2023 MEDIA KIT

Learn more on how AviTrader can expand your market

Tamar Jorssen

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