Aviation

Singapore Airlines Ltd. posted a second consecutive quarterly profit as it continues to rebuild from the Covid crisis, which saddled it with record losses in 2021. Net income was S$557 million ($394 million) in the three months through September, compared with a loss of S$428 million a year earlier, Singapore Airlines said in a statement. Revenue was S$4.5 billion, up ...

China is working on plans to scrap a system that penalises airlines for bringing virus cases into the country, according to people familiar with the matter, a sign authorities are looking for ways to ease the impact of the Covid Zero policy. The State Council, which oversees China’s bureaucracy, has asked government agencies including the civil aviation regulator to prepare ...

Airline passengers are still happier with service standards now than before the coronavirus crisis, despite many carriers suffering a summer of delays and cancellations linked to staffing shortages. Passenger contentedness has shown only a slight dip, the International Air Transport Association (IATA) said, with 80% of people in a recent survey declaring themselves very satisfied or somewhat satisfied, compared with ...

Hong Kong International Airport (HKIA) opened a bridge connecting a terminal and satellite concourse, part of a wider HK$9 billion ($1.15 billion) upgrade even as a full recovery in air traffic remains far off. “What the airport engineers and practitioners want to make sure is we complete the facilities in advance of the demand coming up,” said Ricky Leung, HKIA’s executive ...

Boeing Co. shares jumped after Chief Executive Officer (CEO) Dave Calhoun said the planemaker could generate $10 billion in cash annually by mid-decade, once it turns around its operations after years of setbacks and miscues. The company’s stock posted the largest gain in the 30-member Dow Jones Industrial Average as executives laid out plans to speed jetliner output and return ...

Abu Dhabi / WAM Cepsa, a Mubadala group company, and Etihad signed an MoU to accelerate the decarbonisation of air transport by researching and producing sustainable aviation fuels (SAF). Both companies prioritise the development of these sustainable fuels as a tool to further reduce the carbon footprint of air transport and contribute to the goals of the UN’s 2030 Agenda ...

Abu Dhabi / WAM Abu Dhabi Airports is gearing up to launch advanced biometric technology, which uses a passenger’s facial features as their passport to offer a seamless experience throughout their travel journey at Abu Dhabi International Airport, from the time they arrive at the airport to the time they board their flight. The technology uses smart cameras to capture ...

Air France-KLM said it could be interested in taking a stake in Portuguese flag carrier TAP SA as the government in Lisbon seeks an industry backer for an airline it was forced to rescue during the coronavirus crisis. Chief Executive Officer Ben Smith said that the Franco-Dutch group would “definitely engage on a formal basis” with a view to some ...

Carlyle Aviation Partners said it sued a group of insurance companies and re-insurers claiming they failed to pay for losses stemming from the seizure of planes leased to Russian airlines following the invasion of Ukraine. Carlyle Aviation leased 23 planes to Russian airlines, including Izhavia and NordStar, and tried to repossess and relocate the aircraft as soon as Russia’s invasion ...

Airbus SE maintained its year-end delivery target for aircraft, while cautioning that production disruptions could last into next year amid persistent shortage in labour and raw materials at suppliers. The planemaker said it still strives to hand over 700 aircraft this year, and the company is working towards boosting output of its bestselling A320 family to 75 by 2025. Airbus ...