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airlines

GE and Safran plan next-generation jet engines

GE and Safran plan next-generation jet engines

  • The US and French engineering giants have been cooperating in the sector for nearly half a century.
  • The LEAP engines developed by their joint venture CFM power some the latest generation Airbus and Boeing aircraft.
Updated 14 Jun, 2021 09:45pm
United Airlines to bring back supersonic flying with Boom deal
Business & Finance

United Airlines to bring back supersonic flying with Boom deal

  • Under the agreement, the airline will purchase 15 of Boom's "Overture" aircraft once they meet United's safety, operating and sustainability requirements, with an option for an additional 35 aircraft.
  • United said the aircraft would be optimized to use 100% sustainable aviation fuel (SAF) from its entry to service, projected to be in 2029.
Published 03 Jun, 2021 08:03pm
United Airlines sees first-quarter revenue falling 66pc
Business & Finance

United Airlines sees first-quarter revenue falling 66pc

  • The company said it now expects first-quarter revenue to fall 66% to $3.2 billion from the same period in 2019. It had previously forecast a drop of between 65% and 70%.
  • The airline said its average daily cash burn for the quarter is expected to be about $9 million per day, an improvement of about $10 million compared to the fourth quarter of 2020.
Published 12 Apr, 2021 07:08pm
Ryanair's fight against airline state aid faces court rulings
Business & Finance

Ryanair's fight against airline state aid faces court rulings

  • In its first judgments on those rules, the Luxembourg-based General Court will assess a French scheme allowing airlines to defer certain aeronautical taxes.
  • Ryanair in its filings to the court faulted EU competition enforcers by allowing EU countries to grant aid only to airlines with EU operating licences issued by their countries.
Published 16 Feb, 2021 05:30pm