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February 21, 2025

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February 21, 2025

BAE Systems benefits from geopolitical situation and increasing demand for military equipment

Belinda Borg February 21, 2025 07:04

The British defense company BAE Systems is optimistic about the future due to the tense geopolitical situation. The company is benefiting from a global increase in demand for defense equipment, especially artillery systems and other weapons systems. Last year, BAE Systems recorded a surprisingly strong result, which was boosted by a record order backlog of almost 78 billion pounds (93,8 billion euros). Numerous government orders, including billion-dollar supply contracts with Australia, contributed to this success. Sales rose by 14 percent to 28,3 billion pounds, while adjusted operating profit also climbed by 14 percent to over 3 billion pounds. The bottom line was that the company earned a good 2 billion pounds, up from around 1,9 billion in the previous year. BAE shares, which initially started cautiously on the London Stock Exchange, rose by 1,7 percent over the course of the day. Like other defense stocks, BAE Systems shares also benefited from rising Western defense spending as a result of the Ukraine war. BAE Systems produces a wide range of military equipment, including armored vehicles, torpedoes and weapons systems. The company is currently working with the Italian defense group Leonardo and Mitsubishi Heavy Industries from Japan on the development of the sixth generation of fighter jets. Management has also shown itself open to a partnership with the aircraft manufacturer Airbus, particularly in the field of unmanned systems.

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Delay and aircraft replacement after collision with de-icing vehicle in Dallas

Belinda Borg February 21, 2025 06:31

What was supposed to be a short flight from Dallas-Fort Worth to Austin ended with a seven-hour delay for passengers on American Airlines Flight 576. The cause was a collision between the aircraft and a de-icing vehicle before takeoff. The incident occurred on February 18 and resulted in the plane being taken out of service and replaced by another aircraft. The first information about the incident spread via social media, although it was initially unclear whether the aircraft had touched the vehicle or the vehicle had touched the aircraft. American Airlines later confirmed that a de-icing vehicle had come into contact with the aircraft before takeoff. The aircraft, a Boeing 737-800, was then taken out of service for inspection by the maintenance team. The airline stressed that safety was its top priority and apologized to customers for the inconvenience. Flight data from Flightradar24 shows that the original flight was scheduled to take off from Dallas-Fort Worth at 20:00 p.m. The Boeing 737-800 in question, which normally makes four flights a day, had arrived in Costa Rica from Liberia earlier that day. The replacement flight finally departed at 03:34 a.m. the next morning and arrived in Austin at 04:16 a.m., seven hours late. Another Boeing 737-800 was used for the replacement flight. This aircraft then flew from Austin to Los Angeles and back to Nashville. American Airlines has a large fleet of Boeing 737 aircraft, including 303 737-800s and 69 737 MAX 8s. The airline also owns a large number of Airbus aircraft, including

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Airbus plans significant increase in deliveries and profits for 2025

Jan Gruber February 21, 2025 06:08

Aircraft manufacturer Airbus has set itself ambitious goals for 2025. After a challenging 2024, the group plans to significantly increase the number of deliveries and noticeably improve operating profit. CEO Guillaume Faury announced that Airbus plans to deliver around 820 passenger jets this year, an increase of over 50 aircraft compared to the previous year. Operating profit before special items (adjusted EBIT) is also expected to increase significantly. After falling to less than 2024 billion euros in 5,4, an increase to around 2025 billion euros is expected for 7. However, analysts had somewhat higher expectations for the 2025 result in the run-up to the announcement. Shareholders can look forward to a higher dividend for the past year. Airbus plans to pay out 3 euros per share, 1 euro of which will be a special dividend. In the previous year, the group paid out EUR 2,80 per share, also including a special dividend of EUR 69. The manufacturer's sales rose by six percent to EUR 5,4 billion last year. However, adjusted operating profit fell by nine percent to EUR 400 billion. One of the reasons for this was shortages of components, which meant that fewer aircraft could be delivered than originally planned. Expenses in the space business and the A4,2M military transport aircraft also weighed on the result. The surplus, however, rose by twelve percent to EUR 350 billion. With regard to production plans, Faury announced that buyers of the new A2026F cargo aircraft will have to wait longer for their aircraft. The first aircraft is to arrive in XNUMX instead of XNUMX.

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Play enters the wet lease business

Belinda Borg February 21, 2025 05:37

Icelandic airline Play has announced that it will lease three of its aircraft to an unnamed European operator until the end of 2027. The agreement, which is set to begin in spring next year, was announced as part of the release of its 2024 financial results on February 18. Play said the ACMI (Aircraft, Crew, Maintenance, and Insurance) leases will improve the company's profitability. Play's fleet consists of ten Airbus narrow-body aircraft, including six A320-200Ns, three A321-200Ns, and one A321-200NX. One A321-200N is currently leased to GlobalX. Play stated that the recent agreement to transfer three aircraft to ACMI operations will result in "highly stable and positive results for this part of the business." Play reported a loss of $2024 million for 66, a significant increase from the 2023 loss despite revenue growth. However, the company said the benefits of reorganizing Play's business model are becoming increasingly clear. "Although our EBIT (earnings before interest and taxes) is still below average, we saw a significant improvement in the fourth quarter, indicating that our revised schedule is already leading to increased revenues and improved financials," said CEO Einar Örn Ólafsson. "Looking ahead to 2025, we are optimistic about further progress. We remain committed to implementing our new business model, focusing on popular and profitable routes, while finding new projects for our fleet."

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Ethiopian Airlines adjusts flight schedule to Geneva and Manchester

Amely Mizzi February 21, 2025 05:07

Ethiopian Airlines is optimising its flight schedule for the connection between Addis Ababa, Geneva and Manchester. From July 2nd, the airline is reducing the number of weekly flights on this route from five to three. In return, Ethiopian Airlines will offer an additional connection between Addis Ababa and Geneva three times a week from July 3rd. This adjustment will enable Ethiopian Airlines to better match capacity to demand while strengthening the connection between Addis Ababa and Geneva. The new connection between the two cities offers travellers more flexibility and convenience. The reduction in flights to Manchester could be due to lower demand on this route. By adjusting the flight schedule, Ethiopian Airlines can optimise the load on flights and operate more economically. The additional flights between Addis Ababa and Geneva could indicate that demand on this route has increased. Ethiopian Airlines is thus responding to the needs of travellers and offering them a greater choice of flight connections.

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Flydubai plans large order of over 200 aircraft

Amely Mizzi February 21, 2025 04:32

Flydubai is planning a major modernization and expansion of its fleet. As Bloomberg reported, the company is close to signing a contract for more than 200 narrow-body aircraft, which could include options for another 100 aircraft. This potential large order underlines the airline's ambitious growth plans. Ghaith Al Ghaith, CEO of Flydubai, confirmed to ch-aviation that the airline is in ongoing discussions with aircraft manufacturers about future orders. "Forward planning and reliable delivery dates are an essential part of the success of any airline's expansion and replacement strategy. We are currently reviewing our narrow-body aircraft requirements and any decision will be announced once it is finalized," said Al Ghaith. Flydubai has traditionally been a Boeing customer. However, given the current challenges Boeing is facing, the airline is not ruling out the possibility of adding Airbus jets to its fleet. At the Dubai Airshow in November 2023, Flydubai caused a stir when it placed an order for thirty B787-9s - its first wide-body aircraft. Other major airlines in the Middle East are also currently planning to expand their fleets. Abu Dhabi-based Etihad Airways is in talks about a possible order for up to 40 wide-body aircraft, Bloomberg reported. Qatar Airways is considering an order for 230 wide-body aircraft, while Riyadh Air plans to purchase 50 aircraft of this size. None of these airlines responded to requests for comment from ch-aviation. It is also reported that Gulf Air is also looking to expand its fleet by around ten wide-body aircraft. However, no comment from Gulf Air was available. The planned large orders by the various airlines in the Middle East point to a

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Austrian Airlines uses ATR 72 on additional routes

Amely Mizzi February 21, 2025 04:02

Austrian Airlines is expanding the range of uses of the turboprops it has leased, complete with crew, and is using ATR 72 aircraft leased from Braathens Regional Airlines on nine routes from Vienna and one from Linz in the coming summer flight schedule. The aircraft will be used on the Vienna-Leipzig/Halle and Linz-Frankfurt routes, among others. The ATR 72 is a turboprop aircraft that is particularly suitable for short-haul flights. It has space for up to 72 passengers and is characterized by its cost-effectiveness and environmental friendliness. The aircraft are operated by the Swedish company Braathens on behalf of AUA. The connections from Vienna will go to Belgrade, Bologna, Graz, Klagenfurt, Krakow, Prague, Warsaw and Zagreb, among others. The route from Linz to Frankfurt will also be served with the ATR 72.

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