Green push: Airbus develops first ever fuel cell engine as it launches electric battery partnership November 30, 2022 Airbus has announced the development of its first ever fuel cell engine on the same day it partnered with French car maker Renault to develop electric batteries for aviation and automotive. The fuel cell engine is one of the several technologies being considered for the development of a hydrogen-fuelled aircraft, which Airbus wants into service [...]
Airbus boss Guillaume Faury: Supply chain issues remain ‘very complex’ November 29, 2022 Aviation’s supply chain issues remain “very complex”, according to Airbus’s boss Guillaume Faury. The chief executive told journalists on Tuesday he was waiting for the latest data to comment on 2022 year-end deliveries. “I will have a clearer picture by the end of November, but as you can see the environment remains very complex and [...]
Aircraft orders take off globally in positive sign to aviation recovery November 28, 2022 The number of aircraft ordered has risen globally in what can be seen as a positive sign to the aviation industry’s post-Covid recovery. Data published today by aerospace trade body ADS shows that October orders jumped to 299 aircraft – the biggest since 2019. While orders for the last 10 months were the largest since [...]
Taxing kerosene on flights could bring £6.7bn per year into Treasury’s pockets November 14, 2022 Taxing the use of kerosene on flights could bring an additional £6.7bn a year into the Treasury’s pockets, according to research. A study by NGO Transport & Environment (T&E) published today showed that airlines should be subjected to the same rules as motorists, who pay road fuel unlike carriers. “The UK is effectively a tax [...]
Airlines and airports call on UK Gov to ramp up support for green aviation fuel production November 7, 2022 A group of UK airlines and airports has called on the government to ramp up state support for the production of sustainable aviation fuels (SAFs). “We believe UK SAF production has the chance to become a domestic success story, but the government needs to act now to ensure manufacturers get the price certainty needed to [...]
Jet maker Embraer reaffirms full-year forecast after increased deliveries November 7, 2022 Embraer has reaffirmed its full-year forecast as it increased quarterly deliveries compared with 2021 levels. The Brazilian jet maker said today it shipped 10 commercial aircraft and 23 executive jets in the three months to the end of September – up 10 per cent from last year’s delivery volumes. The company’s order backlog stood at [...]
Wizz Air’s losses widen as soaring fuel prices hit low-cost carrier’s profitability November 2, 2022 Hungarian airline Wizz Air today said soaring fuel prices had caused its losses to more than triple over the previous year. The budget airline said surging commodity prices and an unfavourable exchange rate had seen the price it pays for jet fuel double, as it posed losses of €384.4m (£330.6m) for the second quarter of [...]
Airbus warns of ‘material adverse impact’ from Qatar Airways lawsuit October 30, 2022 Plane manufacturer Airbus has warned investors it faces “material adverse impact” as the result of an ongoing court battle with Qatar Airways, over the Qatari airline’s claims it was forced to ground multiple aircraft due to an underlying “design defect” in Airbus’ planes. In a financial statement, Airbus said Qatar Airways’ lawsuit could have an [...]
Airbus raises free cash flow to £3.8bn but supply chain remains ‘fragile’ October 28, 2022 Airbus has raised its free cash flow outlook to €4.5bn (£3.8bn) – up from the €3.5bn previously forecast – due to a strong dollar. In the third quarter, the EU plane maker’s revenue went up 27 per cent to €13.3bn, reaching €38.1bn for the nine months to the end of September. On the other hand, [...]
Icelandair remains ‘cautiously optimistic’ about next year as it plans moderate growth October 27, 2022 Icelandic legacy carrier Icelandair remains “cautiously optimistic” about the next year, as it plans some moderate growth despite the current inflationary headwinds. “We are in a very good position,” chief executive Bogi Nils Bogason told City A.M. today. “We can be more flexible and focused depending on how our economies are developing. “[However] people are [...]