All Aerospace articles – Page 222
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NewsTransat to lay off 70% of Canadian staff as it halts flights in April
Canadian leisure carrier Air Transat will suspend all flights on 1 April, while its parent Transat AT is laying off some 3,600 Canadian employees due to the coronavirus crisis.
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NewsGermany’s Lilium nets another $240 million from existing investors
German start-up Lilium has secured an additional $240 million in funding from four existing backers as it works to bring its electric-powered short-range aircraft to market.
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NewsAirbus beefs up finances to weather coronavirus
Airbus has announced measures to support its financial position in light of the economic challenges presented by coronavirus. The measures comprise a new €15 billion ($16.1 billion) credit facility, withdrawal of its 2019 dividend proposal, and suspension of top-up pension funding, says Airbus in a 23 March statement. The withdrawal ...
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NewsCoronavirus prompts overnight closures of New York air traffic control sites
The coronavirus pandemic continues disrupting US air traffic control, with the Federal Aviation Administration temporarily shutting the New York Air Route Traffic Control Center and New York LaGuardia airport’s control tower, citing infections.
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NewsBoeing executives to give up all pay
Boeing announced several extraordinary measures to help the company through the coronavirus crisis which has left the entire aerospace industry reeling.
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NewsTrump suggests airline aid package could restrict stock buybacks
President Donald Trump supports imposing stock buyback restrictions on companies that receive financial aid as part of the federal government’s coronavirus recovery package.
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NewsLongview halts production of Q400s and Twin Otters
Longview Aviation Capital’s subsidiaries will suspend production of De Havilland Aircraft of Canada’s Dash 8-400 turboprop and Viking Air’s DHC-6-400 Twin Otter turboprop in response to the coronavirus crisis.
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NewsFarnborough, RIAT shows axed as coronavirus crisis deepens
Two stalwarts of the European summer aerospace event calendar – the Farnborough air show and Royal International Air Tattoo – have become the latest to confirm their cancellation due to the coronavirus pandemic.
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NewsFAA staff at JFK and Indianapolis test positive for coronavirus, prompting contingency operations
Federal Aviation Administration employees who work at an Indianapolis air traffic control center and the tower at John F Kennedy airport in New York have tested positive for coronavirus.
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OpinionBoeing is too big to fail, but any rescue will be conditional
Eleven years after the end of the 2007-2009 Great Recession, the USA is again having “too big to fail” discussions, with the airframer at their centre.
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NewsSenate bill would make $150b available to struggling sectors, including aerospace manufacturing
The US Senate’s proposed financial aid package to businesses affected by the coronavirus would make $150 billion in loans available to “distressed” US companies, including those in the aerospace manufacturing sector.
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NewsUS government warns against international travel with ‘Level 4’ advisory
The US Department of State has issued a “Level 4” international travel advisory, upping the government’s travel warning to the highest level as part of an effort to urge Americans not to fly overseas.
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NewsMeggitt races to develop coronavirus ventilator
UK manufacturer heads an aerospace team looking to meet urgent government need for life-saving kit
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NewsFAA addresses potential data-display fault in 787 avionics
The Federal Aviation Administration has issued an airworthiness directive to address a computer issue that could lead to incorrect flight data being displayed in 787 cockpits.
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NewsTextron Aviation plans four weeks of furloughs for US staff
Business aircraft maker Textron Aviation is furloughing “most” US staff for four weeks and “adjusting” production as an initial response to the impact of the coronavirus pandemic.
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NewsBoeing seeks $60bn in aid for aerospace manufacturing
Boeing is requesting at least $60 billion in government aid to support US aerospace manufacturing – funds the company says will help the industry weather the coronavirus downturn and protect 2.5 million jobs.
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NewsPresident Trump: US will ‘protect’ Boeing from coronavirus fallout
President Donald Trump says the US government will “protect” Boeing from the adverse effects of the coronavirus downturn, suggesting financial aid to Boeing and other aerospace companies may be part of a pending economic relief plan.
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NewsUS airline group details $58bn government aid request
The group, as previously reported, has asked for $50 billion in support of passenger airlines. But it also requests $8 billion for cargo carriers, and tax breaks from a fund that generated almost $16 billion in fiscal year 2018 revenue. It is receiving criticism after many airlines spent free cash flow on stock repurchases recently.
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NewsHoneywell pushes Forge into business aviation
Analytics platform integrates company’s existing tools with third-party services on single dashboard
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In depthBusiness jet industry faces uncertain future after several days of booming demand
The business aviation industry might be more insulated from coronavirus fallout than the commercial sector but likewise faces an unknown future as corporations globally restrict or outright prohibit business travel