Canadian pilot training company CAE’s civil aerospace business turned a C$48 million ($38 million) operating profit in the third quarter of the company’s 2021 fiscal year despite the pandemic driving revenue down by more than half. Canadian pilot training company CAE’s civil aerospace business turned a C$48 million ($38 million) operating profit in the third quarter of the company’s 2021 fiscal year despite the pandemic driving revenue down by more...Continue Reading
Israeli flag-carrier El Al is considering raising further capital as part of its efforts to secure loan financing. The airline says it is “examining the possibility” of raising capital to “strengthen” the company’s equity position. El Al says this reinforced equity is a condition of the Israeli ministry of finance and other institutions for providing a state-backed loan to the carrier. The airline says it is still negotiating with financing...Continue Reading
US airline executives have met with administration officials at the White House to lobby against government deliberations to impose a coronavirus testing requirement for all domestic air travellers. US airline executives have met with administration officials at the White House to lobby against a possible coronavirus testing requirement for all domestic air travellers. Airlines have been wary of such plans since an official at the US Centers for Disease Control...Continue Reading
Mexican discount airline Volaris has agreed to power another 80 incoming Airbus A320neo-family jets with Pratt & Whitney PW1100G geared turbofans. Mexican discount airline Volaris has agreed to power another 80 incoming Airbus A320neo-family jets with Pratt & Whitney PW1100G geared turbofans. The Hartford-based engine maker confirms on 11 February that it signed an agreement with the airline to supply the engines. P&W competes for A320neo engine sales with CFM...Continue Reading
The Brazilian air force has sent one of its Embraer KC-390 Millennium cargo transports to Fairbanks, Alaska for cold weather testing. The Brazilian air force has sent one of its Embraer KC-390 Millennium cargo transports to Fairbanks, Alaska for cold weather testing. The aircraft arrived just south of the Arctic Circle on 8 February and tests were planned for the duration of the following week, says the Brazilian air force...Continue Reading
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