Airbus reported a first-quarter operating profit and cashflow lower than anticipated, partially due to increased staffing to prepare for rising demand. However, the aerospace giant reaffirmed its financial objectives for 2024 after facing initial challenges in the year regarding industrial costs. Despite the shaky start, Airbus announced a higher output target for its wide-body A350 [...]
This Oklahoma man's vacation turned into a nightmare when he was arrested for carrying ammunition in his carry-on bag at a Turks and Caicos airport. Now facing up to 12 years in prison, Ryan Watson's family is grappling with the daunting legal system of a foreign country. Ryan and Valerie Watson were detained on April [...]
Shanghai, China – September 28, 2019: A320 China Eastern Airlines Airbus A321 airplane at Shanghai Hongqiao Airport (SHA) in China. Airbus is a European aircraft manufacturer based in Toulouse, France. Airbus is reportedly in discussions with China regarding a potentially significant aircraft order ahead of an upcoming visit to France by Chinese President Xi Jinping, [...]
Airbus has obtained a crucial waiver from Canada, permitting the aerospace giant to continue using Russian titanium in its aircraft manufacturing. This development comes after Canada, the first Western nation to do so, imposed a ban on Russian titanium as part of its latest sanctions package in response to the ongoing conflict in Ukraine. The [...]
Boeing has agreed to forward $425 million in advance payments to Spirit AeroSystems to help the supplier manage increased inventory levels and reduced cash flow. This financial assistance comes in response to the U.S. aviation regulator's decision to limit Boeing's 737 MAX production rates. The financial support aims to stabilize Spirit AeroSystems' operations as it [...]
Jet Linx Aviation, a prominent business aviation operator based in Omaha, has opened its newest facility in Salt Lake City, marking the company's 22nd base in the United States. This strategic expansion aims to bolster Jet Linx's presence in the Mountain West region and offer tailored, local services to its Utah clientele. The announcement, made [...]
Nigeria's aviation authority has grounded Dana Air after a recent incident involving a runway excursion at Lagos Airport, prompting concerns over the airline's safety practices and financial stability. The directive, issued by Aviation Minister Festus Keyamo, mandates an immediate suspension of the airline's operations to allow for a comprehensive audit. The Nigerian Civil Aviation Authority [...]
The government of Morobe Province in Papua New Guinea has announced the creation of a new airline, Morobe Wings (Lae Nadzab), aimed at enhancing air transport services for the region's remote communities. The provincial government plans to purchase a DHC-6 aircraft for PGK6 million (USD1.6 million) to facilitate this initiative. Governor Luther Wenge, speaking to [...]
Boeing's endeavor to regain ownership of Spirit AeroSystems Holdings, a move aimed at reversing a divestment made in 2005, is encountering challenges related to the valuation of factories producing components for Airbus. According to sources familiar with the situation, as reported by Bloomberg News on Tuesday, this hurdle has stalled Boeing's efforts to proceed with [...]
AirAsia Cambodia has officially introduced its first aircraft, an A320-200 with registration XU-819, as it prepares to commence revenue operations in May 2024. The aircraft arrived in Phnom Penh on April 20 from Jakarta Soekarno-Hatta and is one of two planes the airline plans to station at the airport during its initial launch phase. The [...]
Slovenia-based United Eagle has recently expanded its fleet by acquiring its first Cessna Citation Jet CJ2+, marking a significant addition to its range of aircraft. The jet, registered as S5-CEU and bearing the manufacturer serial number 525A-0387, successfully completed its ferry flight from Calgary, Canada, to Ljubljana, Slovenia. The journey, tracked via Flightradar24 ADS-B data, [...]
Six firms have progressed to the next stage in the process to acquire a majority stake in SriLankan Airlines, as confirmed by Sri Lanka's State Owned Enterprises Restructuring Unit (SRU), an arm of the Ministry of Finance. Among the entities moving forward is a company closely linked to AirAsia (AK, Kuala Lumpur International), highlighting the [...]
