All news – Page 1247
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NewsAirbus cuts aircraft production by a third as 60 jets stay undelivered
Airbus is cutting monthly production of single- and twin-aisle aircraft by about a third, slashing output of A320s to just 40 aircraft. It is taking monthly production of A350s down to six and A330s down to two. “With these new rates, Airbus preserves its ability to meet customer demand while ...
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NewsTranscend Air prepares to open funding round for Vy 400
Vertical take-off and landing aircraft developer Transcend Air is hoping to secure its first round of private investment before the end of the year, which it says should generate enough funding to build and fly the first full-scale prototype of its six-seat, tiltwing Vy 400 air taxi.
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NewsNorwegian shareholders to vote on crucial debt-to-equity scheme
Scandinavian budget carrier Norwegian has called a shareholders’ meeting for 4 May to discuss plans to convert debt to equity, in order to meet criteria for the Norwegian government’s state guarantee scheme. The airline is trying to secure NKr3 billion in funding but, while it has met the requirements for ...
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NewsAir Canada to apply for federal wage subsidies
Air Canada is seeking newly available federal wage subsidies for 36,000 domestic employees, including roughly 16,500 workers who have already lost their jobs.
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NewsSpirit AeroSystems furloughs Boeing programme workers
Spirit AeroSystems is furloughing workers in Wichita, Kansas and in Oklahoma for 21 days, a move building on its other recent staff reductions.
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NewsBA crew members ratify furlough deal
British Airways’ plan to furlough more than 30,000 employees – a mix of cabin crew and ground staff – has been overwhelmingly ratified by union members.
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NewsFastjet poised to renegotiate divestment of Zimbabwean division
Fastjet Group is to hold discussions on potential amendments to the terms of its planned disposal of its Zimbabwean operation, given the financial impact of measures taken to combat the coronavirus outbreak. Investors led by Solenta Aviation Holdings had been planning to acquire the operation before the crisis, and Fastjet ...
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NewsEasyJet founder threatens legal action over Airbus order
EasyJet is standing behind its chief financial officer and its decision to borrow millions from the UK government after a fresh attack from founder and major shareholder Stelios Haji-Iaonnou, who is threatening to take legal action against the budget carrier.
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AnalysisCoronavirus cripples recovery of Malaysian carriers
2020 was supposed to provide Malaysian carriers a boost, with the “Visit Malaysia 2020” tourism campaign targeting 30 million visitor arrivals. Instead, the coronavirus pandemic has pushed the airlines to rejig plans and focus on survival, just weeks after some of them reported improvements in 2019’s operating performance. Bo Lingam, ...
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NewsGoAir eyes tentative post-lockdown relaunch dates
Indian budget carrier GoAir is tentatively eyeing 15 April and 1 May for the respective relaunch of domestic and international flights, once the country emerges from its three-week lockdown that began last month. “Considering that the lockdown in India is from 25 March to 14 April 2020, GoAir is open ...
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NewsHigher expenses drag GMF profit down 47%
GMF AeroAsia saw its full-year operating profit for 2019 slump, on the back of ballooning expenses. The Garuda Indonesia subsidiary posted an operating profit of $15 million, down 47.1% year-on-year. This was partly attributed to a higher increase in expenses — the MRO saw expenses rise 14.2% to ...
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NewsSouth Korean carriers take further measures to cope with coronavirus
South Korean carriers are battling the coronavirus pandemic by placing staff on leave and looking to strengthen their balance sheets. Asiana Airlines announced on 7 April it is increasing the limit on its credit lines with the Korea Development Bank and the Export-Import Bank of South Korea by a total ...
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AnalysisATR confronts big order overhang in Asia-Pacific
As Asia-Pacific airlines endure the existential coronavirus pandemic, regional aircraft manufacturers are due to deliver 73 new aircraft to the Asia-Pacific before the end of 2021, of which 61 aircraft are to come from turboprop maker ATR. The overall delivery number and schedule is based on estimates by Cirium and ...
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NewsIATA reiterates need for ‘urgent’ liquidity assistance
Airlines around the world are in desperate need of government liquidity support which in many cases is taking too long to reach them, IATA has warned. Describing the coronavirus shutdown as “the biggest crisis we have ever had”, IATA director general Alexandre de Juniac stresses that although many governments have ...
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NewsGeneral Atomics demos MQ-9B UAV flying in national airspace for NASA
The company says the UAV demonstration showed how on-board sensors could be used for “inspections of hundreds of miles of rail, power line, communication and canal infrastructure, agriculture monitoring and topological surveys, as well as wildfire and flood monitoring.”
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NewsDOT final order takes ULCC, airport concerns into account
The US Department of Transportation’s (DOT) final order on requirements air carriers must meet if they take advantage of government aid during the coronavirus pandemic gives additional flexibility to carriers on managing seasonal networks and relieves secondary airports which subsidised unprofitable routes.
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NewsFastjet’s FedAir division slashes fleet as safari market dries up
Fastjet Group’s Federal Airlines division has entered a restructuring process and given up most of its aircraft after a severe downturn in its business conducting shuttle and charter services to safari reserves in southern Africa. FedAir primarily serves US and European tourists but the coronavirus situation has badly affected these ...
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NewsLufthansa retires six A380s early for reduced post-crisis fleet
Lufthansa is prematurely phasing out six Airbus A380s as part of fleet cuts across the airline group in preparation for an operational restart with reduced capacity when the coronavirus crisis recedes.
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NewsSpirit extends shutdown of Boeing production sites
Spirit AeroSystems has extended beyond 8 April the shutdown of several sites that support Boeing programmes, a change coming in response to Boeing’s decision to extend closures of its sites in Washington State.
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NewsEquator Aircraft enters inaugural Air Race E all-electric racing championship
Norwegian electric seaplane developer Equator Aircraft has become the first Scandinavian company to enter world’s inaugural all-electric aircraft racing championship, known as Air Race E, with its competing design a modified Cassutt IIIM single-seat monoplane.