Air Canada has reported adjusted net income of CA$47 million or CA$0.17 per share for the fourth quarter of 2017 against an average predicted quarterly earning of CA$0.38 per share, resulting in a drop of 2.4% in early morning trading of shares. The carrier has been hit hard by increased operating costs of less-efficient aircraft
U.S. authorities have announced that the Trump administration will be increasing the 10% tariff on imported Airbus jets imposed in October last year to 15%, commencing March 18. The increase has been approved by the World Trade Organization (WTO) as a punitive and retaliatory measure imposed by the USA on Airbus as a consequence of
Airbus, the Government of Québec and Bombardier have agreed upon a new ownership structure for the A220 program, whereby Bombardier transferred its remaining shares in Airbus Canada Limited Partnership (Airbus Canada) to Airbus and the Government of Québec. The transaction is effective immediately. This agreement brings the shareholdings in Airbus Canada, responsible for the A220,
Having pulled out of a previous joint attempt with Boeing to address the mid-size jet market over timing issues, Rolls-Royce has confirmed that it is currently prepared to keep an open mind with regard to joining Boeing in its latest investigations. With the company being distracted with 737 MAX issues this past year, Boeing is
Air Italy, part owned by Gulf carrier Qatar Airways, has entered into ‘liquidazione in bonis’ – the Italian liquidation system where the company will cease operations but will pay off outstanding debt and salaries. The move means all flights after February 11 up to February 25 will be carried out by other airlines without any
End-of-year figures for airlines are beginning to reveal the full extent to which many of them have been hit by the ongoing grounding of the Boeing 737 MAX since March last year. Icelandair Group has now estimated that the impact the 737 MAX problems has had on its business will result in a US$100 million
Airbus has announced that it has closed its completion center for the single-aisle A320 and larger A330 aircraft. The facility is located at Tianjin, 150 km from Beijing. “China domestic and worldwide travel restrictions are posing some logistical challenges. The Tianjin Final Assembly Line facility is currently closed,” the European planemaker said in a statement,
The joint research project Medifly, funded by the German Federal Ministry for Transportation and Digital Infrastructure (BMVI), successfully demonstrated the use of unmanned aircraft systems (UAS) for acute transportation of medical samples. A total of six drone flights were conducted between the German Armed Forces Hospital in Wandsbek-Gartenstadt and Saint Mary’s Hospital in Hohenfelde, roughly
Even with the building of Heathrow’s proposed third runway which will substantially increase the volume of traffic at London’s principal airport, the British aviation industry has published its plans to hit its target of net-zero carbon emissions by 2050. The Sustainable Aviation coalition, which includes industry giants such as Rolls-Royce, easyJet, AirBP (the aviation offshoot
Ryanair has been forced to rethink the timeline for its current expansion program. The Irish airline had hoped to be carrying up to 200 million passengers on an annual basis by 2024, but this depended on the arrival of the first deliveries of 210 Boeing 737 MAX jets which are on order. With the 737
