Air India Faces Heavy Losses After 787 Crash, marking a major setback in the flag carrier’s turnaround efforts following a turbulent year shaped by a fatal accident, regulatory scrutiny, and mounting operational challenges.
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Airbus has released its fiscal 2024 financial results, showcasing a 6% revenue increase to $72.2 billion. The company achieved a net income of $4.4 billion and a free cash flow before customer financing of $4.6 billion, reinforcing its financial stability and strong cash flow generation.
Aurora Airlines, a Russian regional carrier, is expected to take delivery of its first Baikal aircraft under a contract with Ural Civil Aviation Plant (UZGA) by the end of 2026. This development marks a key milestone in Russia’s efforts to expand its domestic aviation industry, particularly in the regional aircraft segment.
Lufthansa, Germany’s flagship carrier, is set to relocate several Airbus A350-900 aircraft from Munich to Frankfurt in preparation for the summer 2025 travel season. This strategic move addresses a current shortfall of Boeing 787-9s in Frankfurt, ensuring that Lufthansa can meet anticipated passenger demand during the peak season.
Iberia, the flag carrier of Spain, has added a new Airbus A321XLR to its fleet, identified by serial number 12375. The aircraft is powered by LEAP-1A33X engines developed by CFM International, enhancing its range and fuel efficiency for medium- to long-haul narrowbody operations.
A Virgin Atlantic flight bound for Seattle made an unscheduled diversion after its Airbus A330-900 (A330neo)experienced airspeed irregularities at cruising altitude. Operating as flight VS105, the aircraft had departed London Heathrow and was at 35,000 feet over Scotland when the flight crew observed concerning fluctuations in indicated airspeed ranging between 450 and 550 mph.
DHL has completed the repositioning of five Boeing 737-800BSDF freighters from the United States to Europe, as the final aircraft entered service this week with Spain-based Swiftair. The 2000-built unit 28619, which was previously operated by iAero Airways in Phoenix, has now transitioned into commercial CMI (Crew, Maintenance, and Insurance) operations for Swiftair.
