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Airline company Etihad Airways received record profit in amount of $296 million for the first half of 2022

15

Aug 2022

Airline company Etihad Airways received record profit in amount of $296 million for the first half of 2022

Airline company from United Arab Emirates (UAE) Etihad Airways announced that its profit for the first half of 2022 made record $296 million, informs local agency BAM with the reference to company’s data. According to the data of the agency income of the air carrier for the first six months increased by three times and reached $1.25 billion while in 2021 this index was almost…

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Airbus cancelled delivery of 21 airplanes A350-1000 for Qatar Airways against judicial proceeding because of improper quality of already delivered A350

13

Aug 2022

Airbus cancelled delivery of 21 airplanes A350-1000 for Qatar Airways against judicial proceeding because of improper quality of already delivered A350

Defects of composite covering of A350 body in fact looks worryingly but Airbus considers that they are not structural and do not influence flying safety. European aviation company Airbus cancelled all deliveries of passenger airplanes A350 scheduled under the contract for airline company Qatar Airways. This was informed by Reuters agency with the reference to the sources. No official comments from Airbus followed. European aviation…

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International Airlines Group reduced net loss in the first half of year, income increased by 4.2 times

10

Aug 2022

International Airlines Group reduced net loss in the first half of year, income increased by 4.2 times

Third biggest Airlines Group in Europe International Consolidated Airlines Group (IAG) part of which make British Airways and Iberia in the first half of year 2022 reduced net loss against income growth, however informed that it expects increase of net debt to the end of the year. As company’s press release informs net loss made 654 million euro against 2.05 billion euro in 2021. Before…

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Airline company Air Sphinx is staffing up and getting ready to the flights

08

Aug 2022

Airline company Air Sphinx is staffing up and getting ready to the flights

When to expect first flights of Air Sphinx? Egypt low-cost airline company Air Sphinx that is being created on the base of Egypt Air is already on “high preparation stage” to the beginning of the first flight program. This was told by minister of of Civil Aviation of Egypt Muhammad Manar Enabah. According to his words first flights Air sphinx start in October of the…

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Chinese authorities issued certificate for AC352 helicopter engineered together with Airbus

06

Aug 2022

Chinese authorities issued certificate for AC352 helicopter engineered together with Airbus

China certified multi-purpose helicopter AC352 engineered by AVIC together with Airbus informed state mass media on Tuesday, July 26th. Reuters writes. Certification ceremony took place on Tuesday in Harbin, CCTV informs. Engineered by Chinese aviation industry corporation (AVIC) and Airbus, AC352 represents local analogue of Airbus H175 that is operated from 2015 outside China and is intended for performing search and rescue operations, first aid…

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LCI signed agreement for delivery of six helicopters H175 from Airbus

03

Aug 2022

LCI signed agreement for delivery of six helicopters H175 from Airbus

LCI, leading lease aviation company and subsidiary company Libra Group announced order of six extra-medium helicopters H175 from Airbus for the amount of more than 125 million USD. Order includes two confirmed helicopters and the first H175 should be delivered to LCI at the end of 2023. Agreement specifies additional option for 4 machines and is based on previous LCI order for new H175. Jaspal…

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Quarter income of Boeing reduced by 2%

01

Aug 2022

Quarter income of Boeing reduced by 2%

Net profit of Boeing company in April-June reduced more than by 82% to $160 million or $0.32 per stock as compared to $567 million or $1 per stock one-year earlier Boeing press-release says. Adjusted loss in the second quarter made $0.37 per stock while experts interrogated by FactSet in average forecasted loss in amount of $0.13 per stock. Quarter income of Boeing company reduced by…

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Lufthansa increased quarter earnings more than twice

30

Jul 2022

Lufthansa increased quarter earnings more than twice

Deutsche Lufthansa AG in the second quarter 2022 received positive profit before taxes and interests more than twice says preliminary financial report of the airline company. Lufthansa airline company has registered EBIT (Earnings Before Income Tax) in the range of 350-400 million euro. In the second quarter of the previous year Lufthansa received negative EBIT in the amount of 827 million euro. Exit of the…

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Boeing and Airbus are getting ready to sign agreement for $21 billion on the air show in Farnborough

27

Jul 2022

Boeing and Airbus are getting ready to sign agreement for $21 billion on the air show in Farnborough

On July 18th in Britain Farnborough started traditional international air show that hasn’t taken place in the last two years due to coronavirus pandemic. As Bloomberg forecasts with the reference to own sources, two biggest manufacturers of civil airplanes Boeing and Airbus may sign agreements for total amount of $21 billion. It is expected that airline company Delta Air will acquire 130 airplanes Boeing 737…

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Boeing signed in Farnborough sale agreement for 100 airplanes

25

Jul 2022

Boeing signed in Farnborough sale agreement for 100 airplanes

On July 18th on international air show in Britain city Farnborough American aerospace company Boeing signed with American airline company Delta Air agreement for selling 100 passenger airplanes B-737-10 MAX. Agreement supposes deliveries on the amount of about $13.5 billion with opportunity of additional acquisition of 30 more such aircrafts. “737-10 will become important supplement of our air fleet while we are striving to more…

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