Hong Kong airline Cathay Pacific Airways Ltd has decided to shut down its pilot base in London, the company announced on Thursday. In addition, the airline is also considering the closure of its last remaining overseas pilot bases in the United States.
The London base was initially placed under review...
In an effort to raise capital, low-cost airline EasyJet Plc is looking to sell 1.2 billion pounds ($1.65 billion) worth of shares in the company. This comes after the airline reportedly rejected an unsolicited takeover approach because this would undermine the values of the company.
In order to create an additional...
The aviation regulator of Singapore stated on Monday that the Boeing 737 MAX aircraft will be allowed to return to service after a hiatus of over two years. This makes Singapore the latest in a series of Asian countries to permit the aircraft to return to the skies.
Singapore's decision...
Indian low-cost carrier SpiceJet confirmed on Thursday that they will be resuming the service of their Boeing 737 MAX jets in their fleet after the aircrafts were grounded for approximately two years.
With the service of Boeing 737 MAX jets halted internationally due to safety concerns, SpiceJet has entered into...
Israel Aerospace Industries (IAI) announced on Wednesday that it has closed a deal with Etihad Engineering to establish an aircraft conversion site in Abu Dhabi in the United Arab Emirates. The site will be used to convert Boeing 777-300ER passenger planes into cargo aircraft. This site, which will be operating...
Boeing Co. recorded its first quarterly profit in nearly two years, the company revealed on Wednesday. This follows a prolonged period of financial difficulty for the aerospace company, during which time the coronavirus pandemic triggered one of the worst financial crises that the company has experienced since its founding...
With the demand for travel experiencing a drastic rise in recent times, Delta Air Lines confirmed recently that it expects to remain profitable for the remainder of the fiscal year. Furthermore, the Atlanta, Georgia-based airline revealed that it has exceeded estimates in its latest quarterly earnings. "The days of...
Airbus Chief Executive Officer Guillaume Faury stated during an interview on Sunday that he expects business air travel to return to its pre-pandemic levels shortly. Despite mass vaccine rollouts worldwide, concerns around business-motivated air travel remain, particularly with in-person business meetings being replaced by video conferences.
According to Faury, customers...
With the future of the largest U.S. aerospace manufacturer and exporter on the line, Boeing CEO Dave Calhoun now faces the challenge of rebuilding his company's sales in its core airliner business. Boeing is still suffering the detrimental impact of the coronavirus pandemic on air travel, as well as...
Ultra-low-cost carrier Avelo Airlines made its debut on Thursday, establishing its first base at Hollywood Burbank Airport just outside Los Angeles. With fares as low as $19, Avelo plans to offer flights between secondary airports along the West Coast of the United States.
With air travel dropping drastically since the...