All air transport news – Page 443
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NewsBoeing clinches $25 billion in milestone capital raise
Boeing is raising $25 billion in a multi-tranche bond offering, as it buffers liquidity amid an air travel downturn that could take years from which to recover. In March, as the pandemic shut down air travel globally, Boeing had suggested that the broader US aerospace and manufacturing sector might require ...
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NewsSpirit lays off another 1,450 staff due to airframer production cuts
Spirit AeroSystems will lay off more than 1,450 additional staffers in response to Boeing’s and Airbus’ plans to reduce commercial aircraft production rates.
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NewsFlybe administrators fight to retain carrier’s operating licence
UK regional carrier Flybe’s administrators intend to appeal to the government in a bid to retain the airline’s operating licence, warning that a sale of the business would become improbable if the licence is revoked. Flybe ceased operations on 5 March and voluntarily suspended its operating and maintenance licences. The ...
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NewsFastjet negotiates loan as liquidity squeeze continues
African budget operator Fastjet Group has negotiated a $600,000 loan and is holding discussions to obtain creditor discounts to reduce its liabilities. The loan – initially for a six-month term – has been obtained from shareholder Solenta Aviation Holdings to provide working capital and liquidity while Fastjet’s operations are suspended ...
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NewsSafran keeps close watch on supply chain for signs of coronavirus stress
Safran is monitoring its entire global supply chain for signs of weakness amid the coronavirus pandemic, with the aerospace giant ready to deploy a range of remedies for the most seriously afflicted.
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OpinionEmbraer must present convincing ‘Plan B’
Collapse of merger with Boeing leaves the Brazilian airframer needing to detail an alternative.
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NewsQatar 787 drifts into A350 after being spun by Doha gale
Qatar Airways states that a Boeing 787-8 and Airbus A350-900 belonging to the carrier suffered only minor damage after the 787 was spun by strong winds and drifted into contact with the adjacent parked A350. Surveillance video indicates the stationary 787 initially weathercocked some 90° to the left as a ...
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NewsIcelandair Group seeks to raise $200m through new shares
Icelandair Group is planning to issue up 30 billion new shares to support its financial position, with the aim of raising up to $200 million in equity. The company has about 5.4 billion shares in issue, giving it a market capitalisation of around IcKr12.9 billion ($88.6 million). Icelandair Group has ...
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NewsRyanair signals 3,000 job cuts as it discusses fleet deferrals
Ryanair is expecting to cut up to 3,000 jobs from July and shut a number of European bases, as it projects that a post-crisis recovery will take at least two years. The airline is negotiating with Boeing to reduce planned deliveries of new 737s for the next 24 months, and ...
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NewsSecond 777X test aircraft makes maiden flight
Boeing’s second 777-9 flight-test aircraft took to the skies for the first time on 30 April, departing Paine Field and landing nearly 3h later at Boeing Field in Seattle.
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NewsTextron Aviation squeaks out Q1 profit as aircraft deliveries tumble
Textron Aviation’s first-quarter profit tumbled 97% year-on-year to $3 million due largely to an idle factory floor and sagging aircraft sales amid the coronavirus pandemic.
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NewsA220 operators advised to monitor compressor over stall risk
Carriers using Airbus A220s are being advised to monitor the operating performance of low-pressure compressors, to warn of stalls, following measures to address engine failures on the type. A220s are fitted with Pratt & Whitney PW1500G powerplants, which have been the subject of scrutiny following a series of engine failures ...
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AnalysisIs Embraer-China tie-up an inevitable marriage or case of strange bedfellows?
The Brazilian government was quick to suggest Embraer cosy up to China, after a proposed partnership with Boeing fell through. Would such a relationship work, and what is at stake?
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NewsGE Aviation’s profits slide in Q1 as engine sales tumble
GE Aviation’s commercial engine sales and orders tumbled in the first quarter of 2030, as did revenue and profit, as the coronavirus took a bite from the Ohio company’s business.
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AnalysisWhy Rolls-Royce is still powering ahead with hybrid-electric development
Despite the cancellation of the E-Fan X demonstrator it was developing with Airbus, Rolls-Royce believes hybrid-electric power can drive cleaner regional aviation in the future.
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NewsA350s become freighters through Airbus pallet-for-seat swap
Airbus is offering carriers a modification and regulatory support scheme to convert passenger A350s, A330s and A340s temporarily into main-deck freighters by swapping out seats and fitting pallets onto their floor tracks. Modification is provided to operators under an Airbus service bulletin which sets out not just the engineering work ...
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NewsStick-shaker ambiguity led to unnecessary 747 stall-recovery action
Boeing is amending Boeing 747-400 flight manuals to clarify unreliable airspeed procedures after a British Airways crew erroneously believed a stall warning was genuine and repeatedly attempted a stall recovery manoeuvre. The aircraft (G-BNLN) had reached top-of-climb at 33,000ft, during a transatlantic service to Phoenix from London Heathrow on 9 ...
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NewsBoeing CEO dismisses major new commercial product launches amid pandemic uncertainty
Boeing will not unveil a major new aircraft programme anytime soon, but will continue investing funds into updates to existing products and efforts to develop next-generation manufacturing and design processes.
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NewsBoeing anticipates Q3 return of 737 Max
Boeing believes it will resume 737 Max deliveries in the third quarter of 2020, with chief executive David Calhoun saying the company is progressing well through certification work despite challenges posed by coronavirus.
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NewsBoeing has time to review 787 production strategy in light of rate cuts: CEO
Boeing has no immediate plan to restructure its 787 manufacturing footprint despite announcing a major cut in production.