Icelandair posted a first-quarter net loss of $55 million, widened from a $35 million net loss in the year-ago quarter as pressure on airfares, higher costs and Boeing 737 MAX grounding created uncertainty.
Dutch pension investor PGGM Infrastructure Fund has agreed to take a 25% stake in aircraft lessor Macquarie AirFinance, with further funds available to support future growth.
FAA has posted the draft of revised Boeing 737 minimum training standards that incorporate the MAX’s maneuvering characteristics augmentation system (MCAS) for a third public comment period.
The US ambassador to ICAO says members of the group’s permanent Council recently learned the organization’s IT system had been compromised “for quite some time” following a November 2016 hack and subsequent cover-up at the agency.
China LCC Spring Airlines reported a 2019 first-quarter net profit of CNY474.5 million ($69 million), up 23.1% compared to CNY385.5 million in the year-ago quarter.
A group representing US airports is renewing calls for Congress to raise the cap on a local user fee that goes toward infrastructure improvements, arguing that record ancillary fee collections by airlines undermine claims that raising the passenger facility charge (PFC) cap would crimp passenger demand for air travel.
Asiana Airlines is taking steps to improve its financial health by cutting unprofitable routes and retiring older aircraft while increasing its maintenance investment.
Virgin Australia has revealed a restructuring of senior management positions that has resulted in the departure of the carrier’s second-in-command Rob Sharp.
Inmarsat’s SwiftBroadband-Safety (SB-S) service has received final FAA approval for use in air traffic services applications, the company announced May 7.
A Congressionally ordered review by FAA into whether some aviation safety inspectors (ASIs) involved in evaluating the Boeing 737 MAX flight-control system during certification were not qualified found no evidence of any deficiencies, either related to work on the MAX or other aircraft, the agency said.
New questions are being raised over the development and oversight of the Boeing 737 MAX after revelations the manufacturer knew about a misconfigured angle-of-attack (AOA) disagree annunciator alert message on the aircraft in 2017, but did not fix it or tell operators about the problem until after last October’s crash of a Lion Air 737 MAX 8—the first of two to strike the model in five months.
The Aerospace Industry Association (AIA), the largest trade association representing US aviation manufacturers, is urging the US Senate to confirm three nominees to the Export-Import Bank’s board of directors, following a May 3 vote by the upper chamber to close debate on the nominees.
The China Southern Airlines’ subsidiary to be based at Beijing Daxing International Airport—Xiongan Airlines—has completed preparations to begin operations and has applied for a license for public air transportation.
All 18 Democratic lawmakers from the US House Homeland Security Committee have called on TSA to continue allowing collective bargaining for its frontline workforce, following comments from TSA administrator David Pekoske that he has “not made a decision yet” on whether to allow the practice to extend beyond the current agreement’s expiration in December 2019.
The Russian Transport Ministry said May 6 it sees no reason to ground the Sukhoi Superjet 100 (SSJ100) fleet following the May 5 crash of an Aeroflot Superjet 100-95 upon landing at Moscow’s Sheremetyevo airport May 5, 27 min. after takeoff for a scheduled flight to Murmansk.
Embraer delivered 11 commercial aircraft in the 2019 first quarter, including the first E175 jet to Mauritania Airlines, the first of this model to the African continent.
Russia’s Yakutia Airline called for additional crew training for the Sukhoi Superjet 100 (SSJ100) following the May 5 crash landing of an Aeroflot SSJ100-95 at Moscow’s Sheremetyevo airport.
