Reading Time: < 1 minute Russia’s Aeroflot Airline has filed for bankruptcy of its Orenburg-based Orenair and Rostov-on-Don-based Donavia subsidiaries, according to documents filed in Orenburg and the Rostov region’s commercial courts this month. A trial date for OrenAir has been set for Feb. 9, according to the commercial court database, reported by ATWonline.com. In August 2016, Aeroflot recovered a […]
Reading Time: < 1 minute United Airlines parent United Continental Holdings reported a full-year 2016 net profit of $2.3 billion, down 69.2% from net income of $7.3 billion in 2015. However, Chicago-based United’s 2015 earnings included a one-time $3.1 billion non-cash tax valuation benefit that skews year-over-year comparisons, especially since 2016’s earnings include a one-time tax expense of $1.5 billion. […]
Reading Time: 2 minutes Flynas, Saudi Arabia’s leading low-cost carrier, has signed an agreement with Airbus for 60 A320neo Family aircraft. In addition to the 60 aircraft, Flynas has converted 20 A320ceo from a previous order to A320neo bringing the airline’s total firm order to 80 A320neo. The deliveries are scheduled to take place during 2018-2026. The agreement was […]
Reading Time: < 1 minute Hong Kong flag carrier Cathay Pacific is reportedly preparing for a business overhaul that could include job cuts, cost savings and shifting flights to its short-haul unit Cathay Dragon. Details of a major business review and a plan to stand up to increasing competition from Chinese and Gulf airlines as well as low-cost carriers will […]
Reading Time: < 1 minute Embraer delivered 32 commercial and 43 executive jets, 25 of which are light jets and 18 are large, during the fourth quarter of 2016 (4Q16). The Company ended the year with 108 aircraft delivered to the commercial aviation market and 117 to the executive aviation market, totaling 73 light and 44 large executive jets. These […]
Reading Time: < 1 minute Boeing and SpiceJet announced today a commitment for up to 205 airplanes during an event in New Delhi. Booked at the end of 2016, the announcement includes 100 new 737 MAX 8s, SpiceJet’s current order for 42 MAXs, 13 additional 737 MAXs which were previously attributed to an unidentified customer on Boeing’s Orders & Deliveries […]
Reading Time: 2 minutes Sukhoi Civil Aircraft company (SCAC) reported the completion of checking the entire Sukhoi Superjet 100 aircraft fleet for cracks in the stabilizer attachment bands. The manufacturer did not disclose the number of aircraft that were found defective, but promised that the replacement of the units on such aircraft will be completed before the end of […]
Reading Time: < 1 minute United Airlines has decided to retire its remaining 20 Boeing 747-400s by the end of 2017, moving up the fleet’s retirement by a year. United had previously said it would retire its 747 fleet by the end 2018. But president Scott Kirby said in a Jan. 11 message posted online that “the time has come […]
Reading Time: < 1 minute Aeroflot Airline has canceled an order for eight Airbus A350-800s, Airbus revealed in a presentation at an annual press briefing. Airbus confirmed to ATW the Russian flag carrier has 14 A350-800s on order. The order change was made in November 2016. In 2007, Aeroflot ordered 22 A350s, comprising eight -800s and 14 -900s. Because the […]
Reading Time: 2 minutes Gulfstream Aerospace Corp. announced the company’s flagship Gulfstream G650ER recently claimed two more city-pair records. The achievements highlight the aircraft’s superior performance and the company’s commitment to providing customers with high-speed travel options. The G650ER took off from Ohio’s John Glenn Columbus International Airport and landed at Shanghai’s Pudong International Airport 14 hours and 35 […]