Troubled Hainan Airlines reported a record operating loss for the year ended 31 December, as heavy impairment costs and a steep decline in revenue punished its earnings. Troubled Hainan Airlines reported a record operating loss for the year ended 31 December, as heavy impairment costs and a steep decline in revenue punished its earnings. The carrier was CNY71.6 billion ($11 billion) in the red for the year, reversing the modest...Continue Reading
JetBlue Airways has taken delivery of its first Airbus A321LR aircraft, with which it intends to launch transatlantic service later this year. JetBlue Airways has taken delivery of its first Airbus A321LR aircraft, with which it intends to launch transatlantic service later this year. The aircraft with the tail number N4022J was handed over to the airline at the European airframer’s facility in Hamburg, Germany and arrived at its home...Continue Reading
The US State Department has approved the sale of four Boeing CH-47F Chinook cargo helicopters to Australia for an estimated $259 million. The US State Department has approved the sale of four Boeing CH-47F Chinook cargo helicopters to Australia for an estimated $259 million. The Defense Security Cooperation Agency delivered the required certification notifying the US Congress, it says on 29 April. Source: Boeing Boeing CH-47 Chinook As part of...Continue Reading
The Covid-19 pandemic has jumbled the aircraft maintenance and repair industry, driving down prices for some aircraft components and leaving MRO shops reeling from depressed demand. The Covid-19 pandemic has jumbled the aircraft maintenance and repair industry, driving down prices for some aircraft components and leaving MRO shops reeling from depressed demand. But amid the gloom come glimmers of optimism: some executives report a recent uptick in business and suspect...Continue Reading
A trio of European propulsion specialists have thrashed out an agreement that will enable the creation of a new engine to power the Next Generation Fighter being developed by France, Germany and Spain. A trio of European propulsion specialists have thrashed out an agreement that will enable the creation of a new engine to power the Next Generation Fighter being developed by France, Germany and Spain. MTU Aero Engines and...Continue Reading
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