by Dino D'Amore | May 4, 2023 | Airports, People, Zone: Europe
Security officers have gone on strike at London Heathrow Airport after the breakdown of “last minute talks” at conciliation service Acas. The 1,400 workers, who went on strike over pay in April 2023, had announced in the meantime that they would be downing...
by Dino D'Amore | May 4, 2023 | Cargo, Zone: Asia/Pacific, Zone: Europe
Avia Soluti0ns Group company Magma Aviation has started “regular scheduled flights to China”. “The company’s China operations address a growing demand and broaden its access to customers in the APAC region,” the company said, of the three to...
by Dino D'Amore | May 4, 2023 | Leasing, Maintenance, Zone: Europe
J&C Aero has finished a full-cycle Airbus A320 reconfiguration project for aircraft asset investment company Arena Aviation Capital. “Aircraft transition between operators is a complex process involving various risks, including those related to aircraft cabin...
by Dino D'Amore | May 4, 2023 | Finance, Technology, Zone: Europe
Vertical Aerospace has reported a net operating loss of £23 million for the first quarter of 2023. The loss was a widening of the £18 million in Q1 2022 and reflected “investments in the advancement of our electric battery technology at our recently opened...
by Dino D'Amore | May 4, 2023 | Finance, Technology, Zone: Americas
Despite a net loss of around $113 million, electric aircraft developer Joby Aviation said it continued at the end of the first quarter of 2023 (Q1 2023) “to maintain a strong balance sheet with $978 million in cash and short-term marketable securities”....
