AirAsia X shareholders unanimously back value accretive acquisition of Capital A’s aviation business

Stronger together: Upon completion, the new aviation group will offer a comprehensive range of low-cost air travel services across short, medium, and long-haul routes, establishing KLIA as a leading aviation megahub and positioning Asean as a key global transit point

                   

                         AirAsia X has announced that its shareholders expressed strong support for the Proposed Acquisition of Capital A’s entire equity interest in the aviation business within AirAsia Aviation Group Limited (AAAGL) and AirAsia Berhad (AAB) for RM6.8 billion, during the Extraordinary General Meeting (EGM) held today.

At the EGM, 99.08 per cent of shareholders voted in favour of the resolution, signalling strong support for AAX’s vision to capitalise on new market opportunities, strengthen operational synergies, and expand its service offerings. This pivotal decision clears the path for AAX’s transformative acquisition which is expected to be completed by the end of the year as an enlarged aviation group, subject to final court and regulatory approvals.

Additionally, shareholders voted in favour of the resolutions for the proposed issuance of free warrants, proposed private placement to raise gross proceeds of RM1 billion, proposed share capital reduction and proposed granting of subscription shares.  

Dato’ Fam Lee Ee, Chairman of AirAsia X said: “The unanimous approval from our shareholders marks a pivotal moment for AAX as we take a bold step forward in shaping the future of low-cost travel. 

AirAsia celebrates guests onboard AirAsia X SEGA Sonic the Hedgehog flight in style!

It’s a supercharged takeoff! AirAsia today celebrated the much-awaited Sonic the Hedgehog livery, and guests aboard the D7 170 flight from Kuala Lumpur to Bangkok were in for a treat. The Sonic the Hedgehog plane brought Sonic’s electrifying energy to the skies in a never-before-seen crossover between travel and gaming.

Passengers were welcomed into a Sonic wonderland, with vibrant blue backdrops, Sonic-themed goodies, and exclusive in-flight experience that kept the excitement rolling throughout the flight. Everyone's favourite dessert for the day? Sonic’s Golden Ring Cakes! The zesty mango and lemon-flavoured combo paired with a Fizzy Iced Yuzu drink brought smiles all around. 

From taking pictures with Sonic-inspired installations at the boarding gate to receiving special Sonic keepsakes, guests on board got to experience a one-of-a-kind journey they won’t soon forget.

Izal Azlee, Head of IP Development of AirAsia brand co., shared his excitement, saying:  "We are thrilled to bring Sonic and friends to the skies. It's a dream come true for us to highlight iconic characters on board and offer this unique experience. Now, not only can everyone fly but also enjoy flying with their favourite characters on AirAsia flights around the region."

The Sonic livery is part of AirAsia’s thrilling ‘The Colour of Connection’ campaign, blending the best of gaming and travel. With Sonic leading the way, AirAsia is continuing to push boundaries, offering more immersive experiences for passengers on every journey.

Vista America celebrating a year of service and innovation

Vista America, an operating partner of Vista—the world’s leading global business aviation company—celebrates a milestone year, establishing a new benchmark in business aviation services across the United States.

Vista America, which operates the Vista Members’ fleet in the U.S. for VistaJet and XO clients, has successfully established Vista’s reputation for excellence in the region. Through operational expertise, infrastructure, and a world-class team of aviation professionals, Vista America delivers flight operations, maintenance, and aircraft management services of the highest caliber. Over the past year, the company has made significant strides in enhancing its capabilities, setting new standards for business aviation.

Strategic Investments and Awards Announced

Simulator Investment: Full-motion Bombardier Challenger 300/350 simulator to be introduced in 2025;

Fleet Agility: Strategic aircraft relocation to meet seasonal demand and provide crew with international experience;

Hertz Partnership: Dedicated Hertz agents for seamless air-to-ground travel integration and enhanced client benefits;

Global 7500 Fleet: Dedicated Bombardier Global 7500 fleet introduced to the U.S. market, the only to offer guaranteed availability for domestic and intercontinental travel;

U.S. Tour: Completed its first-ever U.S. tour of the Global 7500 to demonstrate aircraft performance and capabilities;

Wyvern Wingman Certified: Adhering to one of the most rigorous safety practices in private aviation and continuing to surpass these benchmarks;

Certified Great Place To Work Earned the distinction highlighting employee satisfaction and career development.

David Stanley, President of Vista America: “I couldn’t be prouder of our incredible team at Vista America. This first year has been a journey of growth, expanding our capabilities and making a meaningful impact in the world of business aviation across the region—all thanks to the dedication of the people who make it happen, working around the clock every day of the year. Their commitment to excellence and passion for what they do is the heart of our success.

As we look to the future, we will continue investing in our people and our business, ensuring that Vista America evolves, expands, and strengthens the key pillars that define our success.”

50,000 people voted for their favourite Belgian Icon, jury selects winner from top 5

Lucky Luke, the Atomium, Cycling, Poppies and Shrimp fishers were the most popular designs.

Brussels Airlines received over 50,000 votes for the next Belgian Icon. The five designs with the most votes have been presented to a jury who selected the final winner who will be announced in early November. The five most popular designs are (in random order): Lucky Luke, the Atomium, Cycling, Poppies and Shrimp Fishers.

In August, Brussels Airlines launched a contest: everyone with the Belgian nationality or living in Belgium could submit a design for the next Belgian Icon. The airline received no less than 900 designs. An internal jury selected 15 finalists. Between October 4 and October 11, everyone could vote for their favourite design.

Michel Moriaux, Head of Marketing, at Brussels Airlines, said: “We are pleased to see so many people cast their vote. It’s clear that the Belgian Icon contest was ‘the talk of the town’ in Belgium. As the Belgian home carrier, we want to proudly present our country to the world, and our Belgian Icons play an important part in that strategy. The design contest challenged people in Belgium to reflect on what makes us proud and who we are as a nation. We’re glad to have sparked that discussion.” ​

​

Jury time

​Brussels Airlines gathered a jury to choose the winning design from the final five. ​

​These were the members of the jury: ​

​- Sandra Kim, who won the Eurovision Song Contest for Belgium in 1986, ​

​- Alex Callier, from Hooverphonic, the band that made the iconic safety video for Brussels Airlines, ​

​- Philippe Geluck, from the well-known ‘Le Chat’ cartoons, ​

​- Michèle George, who won two gold medals during the Paralympic games in Paris 2024,

​- Sandrine Corman, former miss Belgium and TV Host, ​

​- Gabrielle Szwarcenberg, the designer of the Brussels Airlines uniforms, ​

​- Elisia Poelman, painter, and Griet Aesaert, who has her own label of designer handbags, and both created the amenity kits for Brussels.

Brussels Airlines also had two members in the jury: CEO Dorothea von Boxberg and Michel Moriaux, Head of Marketing.

Michel Moriaux, Head of Marketing, at Brussels Airlines said:  “We’ve shown all the designs to the entire jury and had a very interesting debate. Afterwards, each jury member could vote individually for their favourite design. The jury was not informed about the number of votes the designs got during the contest last week, to give all five designs an equal chance. It was not an easy decision as all designs in the final five are very impressive and could be great Belgian Icons.”

 

Brussels Airlines’ Belgian Icons

The idea behind the Belgian Icons is to introduce the best of Belgium to the world. The Belgian Icons are known all over the world and make flying even more fun.

Brussels Airlines’ first Belgian Icon, Rackham, was introduced in 2015 and pays tribute to Tintin, the world-famous Belgian comic. Earlier this year, Amare was presented to the world which is the most recent Belgian Icon in cooperation with the music festival Tomorrowland. The third Belgian Icon currently in the fleet is Trident, the official plane of the Belgian Red Devils and Red Flames, respectively the male and female national football teams.

These are the previous Belgian Icons:

Magritte was part of the fleet between 2016 and 2021. The aircraft was a homage to René Magritte, the Belgian surrealistic painter.

Aerosmurf smurfed the fleet between 2018 and 2023. This plane also took shape during a design contest organized by Brussels Airlines.

Flemish painter Pieter Bruegel the Elder, a Belgian icon from the 16th century, travelled the world between 2019 and 2023.

Local community groups benefit from East Midlands Airport funding

More than 80 groups and charities in communities surrounding East Midlands Airport (EMA) have benefited from a share of £228,000 in funding from the airport over the last six months.

One group, the Derby West Indian Community Association Steel Band (pictured), came to the airport at the weekend to help put customers in the holiday mood, after they received £2,000 towards new steel pans. The performance was part of EMA’s celebrations for Black History Month. A video of the performance is available here: https://content.presspage.com/uploads/1948/49b4a2e1-93f7-4b75-acba-eb0aa3dafebf/1728733468535-original-d69e3256-b09a-47a9-ba37-4c5bcf75ddc6.mp4?10000y

The EMA Community Fund is dedicated to bringing lasting benefit to those areas most affected by the airport’s operations. Eligible organisations within the  Area of Benefit – which stretches to the outer edges of Derby, Nottingham and Leicester to the north, east and south and includes Burton on Trent to the west - can apply for funding.

Part of the £228,000 donated to 81 organisations since April was from the Eco Garden and Low Carbon Energy Funds which are now closed. Over the past three years, this handed out just over £1m for local environmental projects using surcharges levied against noisy aircraft.

£60,000 of these funds is ringfenced to help mark EMA’s 60^th anniversary next year, going towards upgrading the Airport Trail - a 6.3-mile walking route around the perimeter of the airport which passes the EMA Aeropark aviation museum and aircraft viewing areas.

Projects that have benefited from EMA Community Fund donations this year include:

·       Bennerley Fields School, Ilkeston, was awarded a grant of £2,000 towards their fully accessible school minibus

·       Newhall Football Club, Swadlincote, received £1,966 towards sports equipment including pitch maintenance equipment, training goals, posts, respect barriers, a pop-up shelter and funding for kits

·       Orchard Primary School, Castle Donington, was awarded £2,000 towards a trim trail in the school playground, installed over the summer holidays. It is available for pupils as well as clubs including Rainbows, Brownies, Guides, Cubs and Scout Groups, and holiday clubs

·       4^th Coalville Scout Group received a grant of £2,000 towards the purchase of a new trailer, to transport camping and activity equipment to camps and events.

Projects that have benefited from the EMA Low Carbon Energy Grant and Eco Garden Grant this year include:

·       Gotham Sports Arena and Kegworth Tennis Club were each awarded £10,000 towards new LED floodlights

·       Nottingham Casuals Rugby Football Club recently won £10,000 towards the purchase of solar panels

·       St John Fisher Catholic Voluntary Academy in Alvaston, Derby recently completed the development of their Eco Garden with £9,285 of funding.

EMA’s Community Engagement Manager, Colleen Hempson, said: “We take our responsibilities very seriously as a large employment site which, given our business, has an impact on surrounding communities.

“As well as engaging with our communities all year round, we’re really pleased to be able to give something back through our Community Fund, which can make a big difference to community groups and benefit thousands of people in our area every year.”

You can find out more about the East Midlands Airport Community Fund here.

 

 

 

 

 

 

 

 

Pictured above (l-r) Bennerley Field School Accessible Minibus; Kegworth Tennis Club; Orchard Primary School; St John Fisher CVA School; Nottingham Casuals Rugby Football Club; Gotham Sports Arena LEDs; 4^th Coalville Scouts; Newhall Football Club

Condor cutting Hamburg services following airport price hike....

The German leisure airline Condor is cutting service from Hamburg by 13% due to significantly increased costs introduced by the airport. The carrier is adjusting its schedule for summer 2025 and has decided to axe its planned growth at the airport with additional frequencies and completely new destinations. 

Connections to Samos in Greece and Malaga in Spain will be completely removed from the flight schedule, while flights to Kos (Greece) will be significantly reduced. Condor had also planned to add a total of four new destinations from Hamburg with several weekly connections, thus better connecting the Hanseatic city to the rest of the world.

“We are not only cutting capacity in Hamburg, but also our planned growth in summer 2025 - a logical consequence of the threat of a completely disproportionate increase in charges in Hamburg,” says Peter Gerber, CEO of Condor. “With these significantly increased costs, we are not only forced to relocate flights from Hamburg to other locations, but also to increase prices. This is particularly regrettable for our customers there, especially as Hamburg had reliable solutions that would have prevented such a development. To date, this has failed due to the airport's unwillingness to reach an agreement with the airport users.”

Peter Gerber, who is also President of the Federal Association of German Airlines (BDF), emphasizes that the Hamburg case clearly shows that a sustainably competitive cost structure is needed at German aviation locations. “To achieve this, politicians must urgently set the course for a correction.”

Condor is the third largest airline at the location with its flights from Hamburg. The flight schedule includes vacation destinations in Greece, the Balearic Islands, the Canary Islands and the Spanish mainland, Madeira, Egypt, Italy, the Algarve and Turkey.

Mesa Air Group reports third quarter results

Mesa Air Group has reported third quarter fiscal 2024 financial and operating results this week, showing total operating revenues of $110.8 million, United Express contract revenue 8.0% higher year-over-year.  Pre-tax loss of $20.7 million, net loss of $19.9 million, adjusted net loss1 of $9.4 million2, adjusted EBITDAR1 of $10.6 million.

United CPA and Fleet Update:

• Extended increased block-hour rate on E-175 flying in current United CPA through August 31, 2025
• At United’s request, agreed to accelerate transition of fleet to all E-175s by March 1, 2025
• United to reimburse costs up to $14 million associated with transition
• United to purchase two CRJ-700s formerly leased to a third party for total proceeds of $11.0 million, $4.5 million of which will pay down the related outstanding obligations
• Mesa and United remain in discussions for an enhanced CPA to support long-term profitability
  

Additional Updates:

• During June quarter, entered agreements to sell 23 CF34-8C engines for total proceeds of $33.5 million, $29.0 million of which will pay down U.S. Treasury debt
• Completed all asset transactions to eliminate RASPRO finance lease obligation
• Generated $9.6 million from sale of approximately 2.3 million common shares of Archer Aviation, Inc. (“Archer”), originally acquired for $5.0 million, with Mesa still retaining up to approximately 1.17 million unvested equity warrants4 in Archer

“While we were pleased to experience an 8.0% increase in United Express contract revenue, our third-quarter block-hours were negatively impacted by a lag as we removed CRJ-900s from our contractual fleet and trained pilots to fly our E-175s,” said Jonathan Ornstein, Chairman and CEO. “We generated positive adjusted EBITDAR for the second straight quarter given improving fleet mix and cost control. We continue to monetize our surplus assets and will direct proceeds toward reducing the related obligations and, as a result, interest expense. We were modestly operating cash flow-positive during the third quarter.

“Importantly, we have extended the increased block-hour rate in our CPA with United into next year. United has also agreed to reimburse Mesa for expenses associated with the transition to fully flying E-175 aircraft. The updated financial terms and our ongoing planning with United is critical as we rebuild our E-175 fleet utilization and margin runway through fiscal year 2025. We currently have the pilot resources to fly increased E-175 block hours, and have started the process of recalling pilots from furlough in anticipation of improved aircraft utilization.

“While we are not yet providing a forecast for fiscal year 2025, our focus continues to be on increasing utilization and maintaining overall operational performance,” continued Ornstein. “As we transition into flying all E-175s, we will look to drive additional efficiencies from operating a single fleet type. We will also continue to consider longer-term financial and strategic opportunities to enhance the business.”

________________________

1 See Reconciliation of GAAP versus non-GAAP Disclosures
2 Adjusted net loss primarily excludes $10.0 million of losses from accounting treatment of assets held for sale
3 Excludes cancellations due to weather and air traffic control
4 Vesting subject to Archer aircraft certification and the order and delivery of a specified number of aircraft

Third Quarter Fiscal 2024 Details

Total operating revenues in Q3 2024 were $110.8 million, a decrease of $3.9 million, or 3.4%, from $114.7 million for Q3 2023. Contract revenue increased $1.2 million, or 1.3%, to $95.6 million, compared to $94.4 million in Q3 2023, driven by higher E-175 block-hour rates with United Airlines despite 3.3% fewer block hours. This increase was partially offset by higher deferred revenue in Q3 2024 and the wind-down of the DHL contract.

Pass-through revenue decreased by $5.1 million, or 25.3%, driven by lower pass-through maintenance expense. Mesa’s Q3 2024 results include, per GAAP, the deferral of $2.3 million in revenue, versus the recognition of $1.8 million of previously deferred revenue in Q3 2023. The remaining deferred revenue balance of $12.4 million will be recognized as flights are completed over the remaining term of the United contract.

Total operating expenses in Q3 2024 were $119.8 million, a decrease of $35.1 million, or 22.7%, versus Q3 2023. This decrease primarily reflects a $22.6 million lower asset impairment loss. In addition, maintenance expense decreased by $6.8 million primarily due to lower labor and pass-through costs, and flight operations expense was $6.1 million lower due to decreases in pilot wages and training costs. Depreciation and amortization expense decreased $5.6 million primarily due to the retirement and sale of CRJ aircraft and engines.

Mesa’s Q3 2024 results reflect a net loss of $19.9 million, or $(0.48) per diluted share, compared to a net loss of $47.6 million, or $(1.17) per diluted share, for Q3 2023. Mesa’s Q3 2024 adjusted net loss was $9.4 million, or $(0.23) per diluted share, versus an adjusted net loss of $27.2 million, or $(0.67) per diluted share, in Q3 2023.

Mesa’s adjusted EBITDA1 for Q3 2024 was $8.9 million, compared to an adjusted EBITDA loss of $1.8 million for Q3 2023. Adjusted EBITDAR was $10.6 million for Q3 2024, compared to an adjusted EBITDAR loss of $0.9 million for Q3 2023.

Third Quarter Fiscal 2024 Operating Performance

Changes ahead for PLAY as earnings below expectations

The Icelandic carrier PLAY is making some key fundamental changes as earnings fall way below expectations and cause concern. The alterations to its business model will see the airline further increase an emphasis on the strong leisure markets out of Iceland.  At the same time, PLAY will concentrate less on the model of connecting passengers between North America and Europe. 

The carrier confirmed its yields on the hub-and-spoke part of the business across the Atlantic has been disappointing, particularly in 2024. Increased competition in the North American market has also had a negative effect on PLAY’s financial results. Whereas the point-to-point part of PLAY’s schedule, primarily flights between Iceland and Southern Europe, has been popular and profitable from the beginning. 

Therefore, the airline says it will significantly cut back its capacity on its North Atlantic routes, starting immediately and will continue into 2025. PLAY will also axe some destinations in North America and Northern Europe by the middle of next year as it refocuses attention on Southern Europe.  

Another way to cut costs PLAY believes is to base part of its fleet in Malta and has applied for an Air Operating License (AOC) in Malta. This process is expected to be completed by the spring of next year. If all goes to plan, the carrier will move its first aircraft under the new Maltese AOC to Tenerife, from where it will be operated to Keflavík and Akureyri in Iceland and to other destinations. PLAY says it will then operate 6-7 of its aircraft on its Icelandic AOC and 3-4 on the Maltese AOC.  These moves will also make it easier for the carrier to keep flying in some form even if its financial position doesn't improve and it has to liquidate part of the airline to free up funds. 

The airline promises its financial position currently remains secure, with no present plans to raise capital. However, PLAY’s EBIT for the full year 2024 is now expected to fall below last year's results, which is a change from previous statements. The increase in capacity across the Atlantic in the spring and summer of 2024 had a greater negative impact than initially anticipated.

"Since PLAY's inception, we've observed shifts in the market, and it is our view that the via-route network is no longer as profitable as it once was. As a result, we have decided to adjust our business model, which will take effect around mid-2025. PLAY remains the airline of choice for Icelanders, and we aim to increase our share in the local market. In short, we will focus on the aspects of our business that have proven both successful and profitable—namely, transporting passengers between Southern Europe and Iceland. PLAY currently operates a fleet of 10 aircraft, but with these changes, about six to seven will remain under the Icelandic AOC, while three to four will be allocated to other projects. One aircraft will be temporarily leased to Miami, and we are exploring a year-round project that we hope to announce soon. I am confident that these adjustments to our business model will allow us to grow, ensuring PLAY remains a top choice for travellers,” says Einar Örn Ólafsson, PLAY’s CEO.

PLAY's Q3 presentation will take place at Sykursalur in Gróska at 16:00 local on Thursday, 24th October.  

FedEx Panda Express completes first-ever roundtrip deliveries........... Continuing support of giant panda conservation

This week, FedEx transported six giant pandas between the United States and China on two separate flights. The roundtrip journey departed Atlanta, GA., arrived in Chengdu, China, where it delivered four pandas and then returned to Washington, D.C. with two pandas. The pandas travelled aboard a FedEx Boeing 777-F, known as the “FedEx Panda Express.”

Departing Atlanta, FedEx transported four giant pandas from Hartsfield-Jackson Atlanta International Airport to Chengdu Shuangliu International Airport (CTU). The FedEx Panda Express departed on October 12 and arrived in Chengdu on October 13. The four pandas aboard included 27-year-old female Lun Lun and 27-year-old male Yang Yang, who have resided at Zoo Atlanta since 1999, and their twin female offspring, Ya Lun and Xi Lun, born at Zoo Atlanta in 2016. They have now safely arrived at the Chengdu Research Base of Giant Panda Breeding.

On the return flight, FedEx transported two pandas from CTU to the Smithsonian’s National Zoo and Conservation Biology Institute (NZCBI) in Washington, D.C. The FedEx Panda Express departed Chengdu on October 14 and arrived at Dulles International Airport on October 15. From there, the pandas were taken by truck to NZCBI. The two pandas aboard included two-year-old male Bao Li and two-year-old female Qing Bao. Bao Li is the grandcub of Mei Xiang and Tian Tian, whom FedEx transported to China, along with their cub, Xiao Qi Ji, in November 2023.

For more than two decades, FedEx has worked with the Chinese government and zoos around the world to safely transport giant pandas to and from China. The company is committed to keeping supply chains moving and connecting communities around the world by enabling global trade. FedEx donated the transportation cost as part of its ongoing corporate social responsibility and environmental conservation efforts.

AeroVironment shows off JUMP 20’s advanced maritime capabilities at NATO REPMUS demonstration

AeroVironment (AV) successfully showcased the maritime prowess of its combat-proven JUMP® 20 uncrewed aircraft system (UAS) during the NATO REPMUS 2024 (Robotic Experimentation and Prototyping using Maritime Uncrewed Systems) exercise off the coast of Portugal. This dynamic demonstration reinforced JUMP 20’s advanced Intelligence, Surveillance, and Reconnaissance (ISR) capabilities, autonomously launching and landing on a moving vessel in rough seas, with conditions reaching sea state lev
el 5 and winds over 20 knots.

The JUMP 20 also highlighted its multi-sensor mission versatility, seamlessly executing wide-area search and detection tasks. Its advanced Electro-Optical and Mid-Wave Infrared (MWIR) turret automatically slewed to investigate identified targets without repositioning the platform, ensuring constant operational focus. Full-motion video was captured and later analyzed using AV’s cutting-edge computer vision technology, SPOTR-Edge™, enabling perception analysis using its robust library of object classifications, including persons, vehicles, and maritime vessels. Additionally, video from this event will further enhance the solution, making the JUMP 20 even more capable for future deployments by refining its object recognition and situational response capabilities.

Airlines for Europe CEOs set out demands for new EU term

The CEOs of Airlines for Europe (A4E), the trade body for European airlines, gathered in Brussels today for a boozy meeting to set out their priorities for the new EU term which has resulted in them urging policymakers to focus on reinforcing the competitiveness of airlines, airspace reform, supporting the decarbonisation of aviation and completing Europe’s Single Aviation Market. 

A4E, which is financed by the airlines, contests that achieving their priorities will strengthen the competitiveness of Europe’s airline sector, ensure it remains a globally competitive force which connects Europeans across Europe and with the rest of the world. 

The priorities map out the most pressing challenges facing the sector today, including: 

Reinforcing the competitiveness of Europe’s airlines

The urgent need to reform Europe’s outdated and fragmented airspace to ensure it is fit for today and the future, saving up to 10% of emissions, the equivalent of 90 million tonnes of CO2 over the term of the European Parliament (according to easyJet research)

The support of the decarbonisation of aviation, ensuring that the annual investment needs of EUR 61 billion set out in the Draghi Report will be unlocked between 2030-2050.

The inclusion of aviation in the new Clean Industrial Deal, to ramp up the production and bring down the cost of Sustainable Aviation Fuels (SAFs). Bringing down the price gap between SAFs and conventional jet fuel will be essential to ensure that the sector meets its ambitious climate goals while remaining globally competitive

Completing the single market, giving legal clarity to passengers and airlines and ensuring effective and objective oversight of all stakeholders from airports to ANSPs and intermediaries.

Underlining their commitment to work with the incoming European Commission, newly elected MEPs, and Member States, the CEOs of Europe’s airlines have published an open letter, outlining these priorities and calling on policymakers to “work with us to deliver a future of flying that is connected, dependable, modern, sustainable and which remains available to all.” 

Ryanair's boss, Michael O’Leary, is also the A4E Chairman, says: “The next EU term must be focused on delivery. Policymakers must be bold and deliver the reforms Europe is crying out for to ensure it remains a region that is competitive and innovative and most importantly, so aviation is able to deliver for Europeans in the years to come.” 

Ourania Georgoutsakou, Managing Director of A4E said: “We are clear on the most pressing areas for action—from airspace reform to sustainability, ensuring a level playing field and completing the single market will be essential to maintaining a competitive European airline industry. Expectations are high for decisive action over the next five years, and we are ready to work with the EU to make important progress,” 

The open letter can be found here.
It was signed by:Micheal O’Leary – Ryanair, Chair of A4EBogi Nils Bogason – Icelandair Marco Ciomperlik – TUI Richard Forson – Cargolux Luis Gallego – IAG  Martin Alexander Gauss – AirBaltic Dimitris Georgiannis – Aegean Steve Heapy – Jet2  Geir Karlsen – Norwegian Turkka Kuusisto – Finnair Johan Lundgren – EasyJet Carlos Munoz – Volotea Luis Rodriguez – TAP Ben Smith  – Air France-KLM GroupCarsten Spohr – Lufthansa Group Roman Vik – Smartwings  Valdemar Warburg – Sunclass

Airbus and Toshiba to partner on superconductivity research

Airbus UpNext, a wholly-owned subsidiary of Airbus, and Toshiba Energy Systems & Solutions Corporation, Toshiba Group’s energy arm, will cooperate and mutualise experience on superconducting technologies for future hydrogen-powered aircraft. 

In the quest to decarbonise the aviation industry, hydrogen-powered aircraft are one of the promising solutions to achieve net zero emission by 2050. Superconducting technologies offer a unique advantage for these aircraft, using -253°C liquid hydrogen as a fuel but also to efficiently cool the electric propulsion systems. Cryogenic technology could allow for a nearly unimpaired power transmission within the electric systems of the aircraft, significantly improving their energy efficiency and performance. 

“Partnering with Toshiba presents a unique opportunity to push beyond the limitations of today’s partial superconducting and conventional electrical motors. Through this collaboration, we aim to deliver a breakthrough technology that could unlock new design possibilities, in particular for Airbus' future hydrogen-powered aircraft. This partnership represents a natural and essential step in advancing superconducting motor technology to meet the needs of the aerospace industry, ” said Grzegorz Ombach, Airbus Senior Vice President and Head of Disruptive R&T. 

“Toshiba’s expertise in superconducting technology for high current flow, motor drive technology for precise current control, and advanced rotating machinery technology for stable, high-speed operation, forms a strong foundation for this partnership. We both recognize the tremendous potential of superconducting technologies in shaping the future of aircraft and driving the decarbonization of the aviation industry. We are confident that our collaboration with Airbus will play a key role in advancing next-generation technologies for the aerospace sector,” said Tsutomu Takeuchi, Toshiba’s Corporate Officer, responsible for Power Systems business, and Director of Toshiba Energy Systems & Solutions Corporation.

The partners aim to co-develop a two-megawatt superconducting motor. 

The agreement was signed in Tokyo, on the occasion of Japan Aerospace 2024, by Dr Grzegorz Ombach, Airbus Senior Vice President and Head of Disruptive R&T, and Tsutomu Takeuchi, Toshiba’s Corporate Officer, responsible for Power Systems business, and Director of Toshiba Energy Systems & Solutions Corporation. They were  joined by Ludovic Ybanez, Airbus Head of Cryoprop demonstrator and Cryogenics technology, Airbus UpNext and Kensuke Suzuki, Head of New Technology, Power System Division, Toshiba Energy Systems & Solutions Corporation.

Over the past 10 years, Airbus has made efforts to derisk superconducting technologies. Recently, Airbus UpNext launched Cryoprop, a demonstrator to test a two megawatt-class superconducting electric propulsion system. Toshiba has been conducting research and development of superconducting technology applications for nearly half a century and has released its own two megawatt-class superconductivity motor prototype for mobility applications in June 2022.

The Airbus Tech Hub Japan was announced in May 2024. This initiative is designed to develop partnerships in the country to advance research, technology and innovation in aerospace and push boundaries to prepare for the next generation of aircraft. The partnership between Toshiba and Airbus is the first achievement of this ambition in Japan..

Wisk & Airservices Australia partner to bring autonomous air taxi networks into Australia

Wisk Aero, an air mobility company has signed a Memorandum of Understanding (MoU) with Airservices Australia, a government-owned organization that provides air traffic management and associated services in Australia. This MoU lays the foundation for incorporating safe, autonomous air taxi travel into Australia’s airspace.

Wisk hopes Australia will be a key market and important for its testing and evaluation programme. In 2022, Wisk established an MoU with the Council of Mayors (SEQ), Australia’s largest regional local government advocacy organization, and most recently, Wisk expanded its partnership with Skyports Infrastructure to identify an Entry-into-Service (EIS) network for Wisk’s autonomous aircraft ahead of the Brisbane 2032 Olympic and Paralympic Games. Wisk Australia Pty Ltd has also recently been established to lead the EIS of Wisk in Australia and will lead the engagement with Airservices under this MoU.

The agreement with Airservices Australia underscores Wisk’s commitment to the region and ensures that critical airspace integration systems will be established before Wisk enters the market. Specifically, the MoU establishes a framework for:

Evaluating initiatives that will incorporate autonomous air mobility networks into Australia,

Exploring how advanced air mobility, and in particular uncrewed, remotely supervised aircraft can be integrated into the Australian national airspace,

Providing a forum for discussion on challenges and opportunities for development by identifying potential projects, and

Collaborating and knowledge-sharing activities to improve practices related to autonomous air mobility networks.

Activities expected to be conducted under this MoU also include the workshops, and simulations to understand how AAM systems and Airservices systems will integrate into the national airspace.

Airbus Defence and Space to shed 2,500 jobs

Airbus Defence and Space adapts to challenging business environment
Streamlines organisation to enhance the Division’s future competitiveness
Plans to reduce divisional workforce by up to 2,500 positions

Airbus Defence and Space is announcing plans to adapt the Division’s organisation and workforce in light of a continued complex business environment, especially in the Space Systems segment where significant financial charges were recorded in 2023 and 2024. Intended measures will include creating a more effective and efficient organisational structure for the Division, especially with regard to headquartered functions, as well as a full operative end-to-end accountability for its business lines Air Power, Space Systems and Connected Intelligence. It is expected that these measures will result in a reduction of up to 2,500 positions within Airbus Defence and Space until mid 2026.

Airbus Defence and Space has engaged with its social partners regarding the proposed adaptation. The information and consultation process will follow in due course.

“In recent years, the defence and space sector and, thus, our Division have been impacted by a fast changing and very challenging business context with disrupted supply chains, rapid changes in warfare and increasing cost pressure due to budgetary constraints. While transformation efforts initiated in 2023 have started bearing fruit, particularly on operational performance and risk management, we are now taking the next steps, not least to adjust to an increasingly difficult space market. We want to shape the Division so it can act as a leading and competitive player in this ever-evolving market. This requires us to become faster, leaner and more competitive," said Mike Schoellhorn, Airbus Defence and Space CEO. “Airbus has a long track record of acting as a responsible employer in difficult situations and this time will be no different. It is clear though that we must adapt if we want to champion our industry and lead Europe’s ecosystem of Defence Aerospace.”

Details of this plan will be specified together with the Company’s social partners. Compulsory actions are not planned, Airbus will work with its social partners to limit the impact by relying on all available social measures.

United Airlines third-quarter 2024 financial results released

United Airlines has reported third-quarter 2024 financial results showing the company had pre-tax earnings of $1.3 billion, with a pre-tax margin of 8.7%; adjusted pre-tax earnings of $1.4 billion, with an adjusted pre-tax margin of 9.7%. The company also achieved diluted earnings per share of $2.90; adjusted diluted earnings per share of $3.33, ahead of the third-quarter 2024 guidance provided at the start of the quarter of $2.75 to $3.25.

The company produced strong financial and operational results in the quarter. As the company expected, revenue trends improved as the industry reached an inflexion point in the quarter with unprofitable capacity exiting the market. Domestic unit revenue was positive year-over-year in August and September. Demand continues to be strong for the United product: Corporate revenues were up 13% year over year in September, and in the quarter premium revenues continued to remain resilient and were up 5% year over year and revenue from Basic Economy was up 20% year over year.

"I appreciate the entire United team coming together to take care of our customers by operating a safe and on-time airline this summer," said United Airlines CEO Scott Kirby. "As predicted, unproductive capacity left the market in mid-August, and we saw a clear inflection point in our revenue trends that propelled United to exceed Q3 expectations. A prosperous summer 2024 is just the beginning as our improved customer experience combined with United Next positions the airline at the top of the industry for the foreseeable future."