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LATEST NEWS
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Thursday, January 19th, 2023
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Deutsche Lufthansa AG (Lufthansa) is looking to initially acquire a minority stake in Italian carrier ITA Airways (Italia Trasporto Aereo S.p.A.) with an option to purchase any remaining shares at a later stage.
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Lufthansa has submitted an offer to the Italian Ministry of Economy and Finance (Ministero dell'economia e delle finanze) to conclude a Memorandum of Understanding (MoU) in this respect. Once both parties have signed the MoU, further negotiations and discussions would then be conducted on an exclusive basis. Initial discussions will primarily focus on a possible equity investment by Lufthansa, the commercial and operational integration of ITA into the Lufthansa Airline Group, as well as resulting synergies. Should a binding agreement be reached, its implementation would be subject to approval by the relevant authorities.
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Headquartered in Rome, Italy and employing approximately 3,000 staff, ITA Airways was founded in 2020 and began commercial operations in 2021. It is fully owned by the Government of Italy via the Ministry of Economy and Finance after a decree was signed to permit Italy’s flag-carrying airline Alitalia to reorganise as Italia Trasporto Aereo S.p.A.
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United Airlines (United) has reported fourth-quarter and full-year 2022 financial results. The company exceeded adjusted operating margin guidance in the fourth quarter reporting a 11.1% operating margin; 11.2% operating margin on an adjusted basis. Additionally, the company reported a 9.1% pre-tax margin on a GAAP basis and 9.0% on an adjusted basis, achieving its 2023 target ahead of schedule. The company grew operating revenue by 14% and TRASM (total revenue per available seat mile) by 26%, both versus fourth quarter 2019. The company remains confident in the 2023 United Next adjusted pre-tax margin target of about 9%.
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United reported net income of US$843 million, adjusted net income of US$811 million for the fourth-quarter and net income of US$737 million, adjusted net income of US$831 million for the full-year 2022.
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United was able to recover quickly from significant irregular operations in December as a result of winter storm Elliott. During the key holiday travel days between December 21 and 26, nearly 36% of all United flights were exposed to severe weather. Despite that impact, 90% of United customers made it to their destination within four hours of their scheduled arrival time. The company credits significant investment in its people, resources, technology and infrastructure over the past few years with its ability to recover from significant weather events.
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NASA has selected Boeing and its industry team to lead the development and flight testing of a full-scale Transonic Truss-Braced Wing (TTBW) demonstrator airplane.
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The technologies demonstrated and tested as part of the sustainable flight demonstrator (SFD) programme will inform future designs and could lead to breakthrough aerodynamics and fuel efficiency gains.
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When combined with expected advancements in propulsion systems, materials and systems architecture, a single-aisle airplane with a TTBW configuration could reduce fuel consumption and emissions up to 30% relative to today's most efficient single-aisle airplanes, depending on the mission. The SFD programme aims to advance the civil aviation industry's commitment to reaching net-zero carbon emissions by 2050, as well as the goals set forth in the White House's U.S. Aviation Climate Action Plan.
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"The SFD programme has the potential to make a major contribution toward a sustainable future," said Greg Hyslop, Boeing Chief Engineer and Executive Vice President of Engineering, Test & Technology. "It represents an opportunity to design, build and fly a full-scale experimental plane, while solving novel technical problems."
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Ultrathin wings braced by struts with larger spans and higher-aspect ratios could eventually accommodate advanced propulsion systems that are limited by a lack of underwing space in today's low-wing airplane configurations. For the demonstrator vehicle, Boeing will use elements from existing vehicles and integrate them with all-new components.
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NASA's funding through the SFD Space Act Agreement totals US$425 million. The SFD programme will also leverage up to US$725 million in funding by Boeing and its industry partners to shape the demonstrator programme and meet the resource needs required. Separately, Boeing's previous internal investments for recent phases of sustainable aviation research total US$110 million.
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The TTBW airframe concept is the result of more than a decade of development supported by NASA, Boeing and industry investments. Under previous NASA programmes including the agency's Subsonic Ultra Green Aircraft Research programme, Boeing conducted extensive wind tunnel testing and digital modelling to advance the design of the TTBW. Early conceptual studies started under NASA's Environmentally Responsible Aviation programme.
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Safran Helicopter Engines has signed a contract with Yellowhead Helicopters to support Arriel powering its AS350 and H125 fleets. This Support-By-the-Hour (SBH®) contract formalises a long-term MRO and services agreement supporting 21 engines.
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This contract will be managed by Safran Helicopter Engines Canada, in Mirabel, Quebec, which provide North American customers with support services for the Arriel and Arrius engines as well as repair and overhaul of engines, modules and accessories. With this service solution, Safran will support Yellowhead Helicopters in its mission for the forestry, mining, oil and gas, utility and tourism industries.
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CEO and Accountable Executive Yellowhead Helicopters, Jacob Forman said: “This partnership has grown over the past ten years. Within Yellowhead Helicopters, Safran Helicopter Engines Canada team is recognised as a top-tier partner providing exceptional support and service, intregal in the continued growth and success of our company”.
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SBH® is Safran Helicopter Engines’ support-by-the-hour programme. It makes engine operating costs predictable, eliminates cash peaks and allows flexibility for scheduled and unscheduled MRO coverage.
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Delta Air Lines has firmed up an order for a dozen more A220-300 aircraft, bringing the airline’s total firm order for A220s to 119 aircraft - 45 A220-100s and 74 A220-300s .Throughout the years, Delta has re-ordered the A220 four times and is today the largest A220 customer and operator.
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Delta took delivery of its first Airbus A220 in October 2018 and was the first U.S. carrier to operate the aircraft type. Delta currently owns a fleet of 415 Airbus aircraft, including 59 A220 aircraft, 266 A320-family aircraft, 62 A330s and 28 A350-900 aircraft.
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Spirit AeroSystems has named Mark Miklos Senior Vice President of the company’s defence and space business, effective April 1, 2023. Miklos will replace Duane Hawkins, current Executive Vice President, President Defence & Space, who has announced his intent to retire at the end of March 2023. Hawkins, who joined Spirit in 2013, will remain with the company in an advisory role following his retirement.
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Miklos will become a member of the Spirit Executive Leadership Team, reporting directly to Tom Gentile, President and Chief Executive Officer. He is currently Vice President in Spirit Defence & Space with responsibility for the company’s high-temperature composites business in Maine and the executive lead for the company’s hypersonic strategy.
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Miklos joined Spirit in January 2020 as a part of the acquisition of Fiber Materials, Inc. (FMI). He was CEO of FMI for three years, from 2017 to 2020.
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Ethiopian Airlines, the largest network operator in Africa, has finalised all preparations to commence a new service between Addis Ababa, Ethiopia and Atlanta, U.S.A. Ethiopian will operate four-times weekly flights to Atlanta (ATL) starting from May 16, 2023.
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Commenting on the launch of the new flight, Ethiopian Airlines Group CEO Mesfin Tasew said, “We are truly delighted to open our sixth gateway in North America with the new flight to Atlanta. We have been connecting the U.S. and Africa for 25 years now and the new service will help boost the investment, tourism, diplomatic and socio-economic bonds between the two regions. As a pan-African carrier, we are committed to further expand our global network and connect Africa with the rest of the word. We are also keen to better serve the U.S. by increasing our destinations and flight frequencies.”
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