Transport

July 25, 2014 - 11:39am

French President François Hollande confirmed early Friday morning that French troops have located the wreckage of Air Algérie AH5017 close to Gao in Mali, and that all 116 people on board the MD-83 died in the crash. In a statement issued at 9:00 a.m.

July 25, 2014 - 9:10am

Airbus is working hard to complete A350 flight testing, which it hopes to close by the end of next month in preparation for formal European Aviation Safety Agency airworthiness approval in September. Principal remaining work involves long-range flights now under way following a maximum-energy rejected take-off (MERTO) demonstration at Istres Air Force Base in France on July 19. By July 22, the five A350 test aircraft had logged more than 2,250 hours during about 540 flights involving more than 1,380 takeoff/landing cycles.

July 24, 2014 - 2:45pm

Though second-quarter revenues and profits dipped slightly at Gulfstream Aerospace, the Savannah, Ga.-based aircraft manufacturer still recorded a “strong” quarter, Phebe Novakovic, chairman and CEO at parent company General Dynamics, said yesterday during an investor conference call. Revenues at the aerospace division, which also includes Jet Aviation, came in at $1.995 billion during the quarter, down from $2.053 billion a year ago.

July 24, 2014 - 2:40pm

Bombardier announced the retirement of Bombardier Aerospace president and COO Guy Hachey yesterday as part of a wider restructuring that will see 1,800 layoffs “in the coming months.” Hachey leaves the company after six years as COO.

July 24, 2014 - 2:00pm

Bristow Group obtained UK Civil Aviation Authority approval late last week to place the first two AgustaWestland AW189 medium twins into service. The AW189 launch customer and OGP operator is expected to begin operations shortly with the pair from its base in Norwich to platforms in the Southern North Sea. Bristow has four more AW189s on order.

July 24, 2014 - 11:12am

India’s loss-making Jet Airways and its new 24-percent owner Etihad Airways are formulating plans for restructuring debt and fleet rationalization for enhancing a full-service branding. Jet, reporting $689 million in declared losses last year, expects to show profits by 2017, founder and chairman Naresh Goyal said at a July 23 press conference in New Delhi.

July 24, 2014 - 10:20am

Bombardier on Wednesday announced the retirement of Bombardier Aerospace president and chief operating officer Guy Hachey as part of a wider restructuring that will see 1,800 layoffs “in the coming months.”

July 24, 2014 - 9:42am

The Air Algerie McDonnell Douglas MD-83 carrying 110 passengers and six crewmembers that had gone missing while en route from the West African nation of Burkina Faso to Algiers has reportedly crashed.

July 24, 2014 - 8:38am

The U.S. Federal Aviation Administration on July 24 lifted the prohibition on U.S. flights to and from Israel’s Ben Gurion Airport it imposed earlier this week due to the fighting in Gaza. The agency said it cancelled a notice to airmen (Notam) it had earlier renewed, with the cancellation becoming effective at 11:45 EDT.

July 23, 2014 - 4:00pm

The lead insurer for Malaysia Airlines war risk hull coverage, London-based Atrium Underwriting Group, has agreed to settle its share of the latest hull loss suffered by Malaysia Airlines. Western military intelligence suggests that separatists in eastern Ukraine shot down Flight MH17 as it flew at 33,000 feet over a region near Donetsk, killing all 298 on board.

 
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