Reading Time: < 1 minute Frankfurt airport operator Fraport said it had mixed financial results in a challenging business environment in its interim report for the first quarter of 2016. With passenger traffic still growing – up 3.3% year-on-year, Fraport achieved higher revenue from airport and infrastructure charges as well as from aircraft handling, but this was offset by a […]
Reading Time: 4 minutes Adjusted EBIT for first three months of 2016 improved by Lufthansa Group. “We have seen a solid start into the new business year,” says Simone Menne, Chief Financial Officer of Deutsche Lufthansa AG. “We are seeing significant pricing pressure at our passenger airlines, and even more at Lufthansa Cargo. But the substantial unit cost reduction […]
Reading Time: < 1 minute AN American Airlines flight on its way to Miami has had to fly back to London after declaring a mid-air emergency. Flight AA57 turned around over the English Channel and has flown back to London Heathrow. The emergency appears to have been caused by a “maintenance issue” and the flight landed back in the English […]
Reading Time: 2 minutes Austrian Airlines succeeded in further improving its business results in the first quarter of the year which traditionally features a lower passenger volume: Q1 2016 losses were reduced, as reflected in the adjusted earnings before interest and taxes (adjusted EBIT), to minus EUR 29 million, compared to minus EUR 53 million in the previous year. […]
Reading Time: 2 minutes Emergency crews have pulled the wrecked fuselage of an Airbus EC-225 helicopter out of the sea off western Norway after a crash that killed all 13 people on board. The Sun reported that the same helicopter had to abort another flight 16 minutes after takeoff just days before the crash. The problem reoccurred after a […]
Reading Time: 6 minutes What is a supersonic aircraft? It is the plane that can fly faster than the speed of sound (768 mph/ 1,236 km/h), in aviation called ‘Mach 1’. Assuming that, the flight is supersonic when aircraft is flying faster than Mach 1 speed. Referring to the Federal Aviation Administration (FAA) approval, the fastest speed using ever […]
Reading Time: 2 minutes A helicopter has crashed off the west coast of Norway near Bergen. A number of people are visible in the sea, while the helicopter was totally destroyed, witnesses told the TV2 news channel, as cited by Reuters. “We have received many, many reports of a helicopter crash just west of Turoy near Bergen. Many people […]
Reading Time: 3 minutes The Airbus Group reported a 50 percent dip in net profits for the first quarter of 2016 with net income of €399 million ($444 million), compared with €792 ($895 million). While the decline in net income can partly be explained by one-off items, the European company warned of further significant cost issues on both the […]
Reading Time: 2 minutes Boeing is set to deliver a record number of airplanes this year to Turkey’s flag carrier, Turkish Airlines. In total, the carrier will take delivery of six 777-300ERs and 20 Next-Generation 737-800s in 2016. “Turkish Airlines is one of the world’s ascendant airlines and an established global network carrier. It has achieved this through various […]
Reading Time: < 1 minute Radom (Poland), Polska Grupa Zbrojeniowa (PGZ) and Airbus Helicopters are hosting a two-day workshop in Radom on the 28 – 29 April to identify potential areas of cooperation around the Tiger HAD project, in the frame of the Kruk attack helicopter project. The event included the global network of Tiger HAD suppliers who took part […]