Qantas chief executive Alan Joyce has delivered a bumper 2015/16 first half profit, with the Flying Kangaroo’s international operations “going gangbusters” as the lower currency fuels demand for travel into Australia and alliance partners funnel passengers onto a domestic network that is also reporting strong profit growth. The airline group reported statutory net profit after...
Shares of Boeing have slumped more than 20% since late December. The primary culprits have been investor concerns around aircraft demand and -- more recently -- reports of a possible SEC investigation into Boeing's accounting for the 747 and 787 widebody jet programs. At an investor conference last week, Boeing CEO Dennis Muilenberg offered a spirited defense of the company's profit and...
Boeing Co has won an order for 25 current-generation Boeing 737 aircraft from United Continental Holdings Inc (UAL.N), beating rivals including Canada's Bombardier Inc (BBDb.TO) for the second time in a month, two industry sources said on Monday. The deal, which is said to involve the 126-seat 737-700 model, would be worth just over $2 billion at list prices. Boeing and United both...
Aerospace component suppliers HoneywelInternational and United Technologies have held talks about a merger, CNBC reported on Monday, citing people familiar with the situation. A deal would create a company with combined sales of more than $90 billion, combining a maker of jet engines with a supplier of airplane cockpits. United Tech’s shares, part of the Dow Jones industrial...
Messier-Bugatti-Dowty (Safran) signed a contract with Singapore Airlines during the Singapore Airshow to support the landing gear systems on its upcoming fleet of Airbus A350-900 jetliners. The airline’s first A350-900 will start revenue service soon. Since 2008, Messier-Bugatti-Dowty has also provided support services for Singapore Airlines’ A380 super-jumbo jets. This contract giv...
Private air travel is getting the Uber treatment with some of the industry’s biggest customers -- members of the Saudi Royal family -- investing $26.1 million in a company that lets users book private jets from a smartphone. Most private aircraft aren’t used that much, JetSmarter founder Sergey Petrossov, a Russian-born Florida resident, said in an interview. They either stand idled...
For the first time, the Helicopter Association International’s Heli-Expo will be held in Louisville, Ky., a new city for the world’s largest rotorcraft show. The main exhibition days for this year’s Heli-Expo are March 1-3, but the show begins with HAI Professional Education Courses at the Kentucky International Convention Center on February 26. Arrivals of helicopters...
Flightworx Aviation are ensuring private owners and operators are ready for August 25, 2016, the date in which the EASA Part NCC ruling takes effect. They are offering free workshops between now and the August deadline to everyone within the industry who requires assistance. Today’s session and all subsequent workshops are being conducted by Flightworx Aviation’s Quality Coordinator...
XTI Aircraft Company (XTI) today announced that it will establish an over-the-counter secondary market so current and future shareholders will have the ability to buy and sell XTI shares on a public market. After garnering $20.6 million in non-binding expressions of interest, the excitement around the TriFan 600 and interest by investors in the company's equity crowdfunding...
Drones could become useful for surveillance and remote monitoring in many industries, and perhaps one day will even ferry the latest Amazon order to your front door. But there’s one big limiting factor: drones can stay in the air for only so long on a charge. The Parc drone developed by CyPhy Works. Not the latest model developed by the Boston-based drone maker CyPhy Works, though. Cal...
How can airlines flying on the same route with the same type of aircraft have varying flight durations? The Directorate General of Civil Aviation (DGCA) has called a meeting of domestic airlines to standardise the block hours — the actual flying time on important routes. “How can an airline have a inflated block time of two hours twenty minutes on a sector when another airline ha...
The airline has often stated that they’d love to be able to offer more transatlantic fifth freedom flights, though those flights have met a lot of opposition from the governments in both the US and EU. This is the source of the big “Open Skies” battle going on at the moment. Furthermore, Emirates has long stated that they really want to start flying to Mexico City. In a Bloomb...
