In contrast to predictions of a US$347 million profit for the third quarter of the year by analysts surveyed by Refinitiv, Boeing Co. has posted a quarterly loss of US$3.3 billion, appreciably worse than the US$132 million it posted for the same quarter last year. The news has come as even more of a surprise […]
Boeing stock unmoved despite shock multi-billion-dollar quarterly loss Read More »
At the sixth edition of the Future Investment Initiative (FII), SAUDIA, the national flag carrier of Saudi Arabia and Lilium N.V. (Lilium), developer of the all-electric vertical take-off and landing (eVTOL) jet announced the signing of a Memorandum of Understanding (MoU) for the proposed development and operation by SAUDIA of an eVTOL network across Saudi
Lilium and SAUDIA plan to bring electric air mobility to Saudi Arabia Read More »
Air Canada has converted options for 15 Airbus A220-300 aircraft into firm orders, bringing to 60 the total number of the Canadian-built aircraft it will acquire for its fleet. “This expanded order for the A220, built up the road from our Montreal headquarters, is an important development in the modernisation of our fleet and a clear indication
Air Canada to acquire 15 additional Canadian-built Airbus A220-300 aircraft Read More »
For the third quarter 2022, Spirit Airlines (Spirit) has reported a net loss of US$36.4 million. Excluding special items, adjusted net income for the third quarter 2022 was US$3.6 million. For the third quarter 2022, Spirit reported a pre-tax loss of US$48.9 million and a pre-tax margin of negative 3.6%. Adjusted pre-tax loss for the
Spirit posts third-quarter net loss of US$36.4 million Read More »
Embraer has signed several Memorandums of Understanding (MoUs) with the aerospace companies ASTG (Aerospace Technology of Global), EMK (EM Korea Co.) and Kencoa Aerospace, from South Korea with the objective of strengthening collaboration with Korean defence industry partners for the future supply of parts for the C-390 Millennium aircraft. The C-390 Millennium aircraft is competing in the
Embraer signs MoUs for cooperation with aerospace industry in South Korea Read More »
Alaska Airlines is exercising options to purchase 52 Boeing 737 MAX aircraft for delivery between 2024 and 2027 growing the airline’s confirmed 737 MAX fleet from 94 to146. Alaska also secured rights for 105 more planes through 2030, ensuring access to sufficient aircraft for fleet replacement and growth. This agreement represents the largest commitment for
The electric vertical take-off and landing (eVTOL) aircraft designed by UMILES Next, Concept Integrity, equipped with FlyFree technology developed by research partner TECNALIA, took to the skies successfully over Jaén, Spain on October 26. Following its recent flight in Toulouse, this was the first free flight completed by the aircraft in Spain, as part of
IBA, the leading aviation market intelligence and consultancy company, has today published its monthly Aviation Industry Barometer for September 2022, showing that Latin America is leading the global recovery, having surpassed pre-pandemic capacity levels since May this year, with flight capacity for September exceeding 2019 levels by 2%. Intelligence from IBA Insight reveals, however, that
IBA Insight reveals Latin America leads global air traffic recovery Read More »
Aerospace design and engineering specialist, Aerospace Engineering Solutions (AES), has received the Supplemental Type Certificate (STC) for the installation of forward cabin closets. Recently issued by EASA, this latest STC (No. 10079922) applies to the Boeing B737-800 family. Developed in conjunction with Causeway Aero in Northern Ireland, this modification installs seat track mounted underbin coat
AES awarded EASA STC installation of forward cabin closets for Boeing 737 NG aircraft Read More »
