The summary per the airline states: Net loss of $231 million, or $0.39 loss per diluted share Net loss, excluding special items, of $218 million, or $0.36 loss per diluted share Record first quarter operating revenues of $6.3 billion Liquidity of $11.5 billion, well in excess of debt…
Eviation Aircraft announced that it completed its Alice aircraft’s Conceptual Design Review (CoDR). The review is a significant milestone, assuring a configuration that is both certifiable and enables streamlined manufacturing. It maintains Alice’s signature look while optimizing performance and enhancing…
magniX and Vancouver-based Harbour Air ratified a Letter of Intent (LOI) for 50 magni650 motors for Harbour Air’s fleet. The re-engining process will begin with De Havilland DHC-2 Beavers in 2026 and be used for third-party conversions. We have been…
Airbus PR — Airbus announced that C. Jeffrey Knittel is retiring as Chairman and Chief Executive Officer of Airbus Americas, Inc., effective June 3, 2024, after serving as the region’s top executive since 2018. He will remain with Airbus through…
The pandemic did a number on every business in the service sector. US airlines were hit hard and, like everyone else, grabbed the PPP funding. As traffic dropped off, airlines scrambled to lose employees. The most expensive were offered buyouts…
Embraer reports that its backlog reached the highest level in seven years, and deliveries rose 67% in 1Q24. In 1Q24, Embraer delivered 25 aircraft, which is 67% higher than last year. Its general aviation division delivered 18 aircraft compared to…