Aeromexico reports dismal Q3 results, but sees improvement
Grupo Aeromexico, the parent company of Mexico’s legacy carrier, Aeromexico, reported a sharp decline in year-on-year revenue and a net loss for the third quarter as the coronavirus clipped the airline’s operations and bankruptcy proceedings continue in a US court.
Embraer accelerates deliveries to 28 jets in third quarter but still lags last year
Brazilian airframer Embraer delivered 28 business and commercial jets in the third quarter of 2020, bringing its year-to-date total to 59 aircraft.
EmbraerX launches first urban air mobility project, Eve
EmbraerX, the Brazilian airframer’s innovation subsidiary, has spun off its first electric vertical take-off and landing (eVTOL) project, called Eve.
Airline coronavirus recovery tracker: October 2020 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, airport passenger throughput, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
Person ‘more likely to be hit by lightning’ than catch Covid-19 in aircraft
Data suggests that an individual has a much greater chance of being hit by lightning over a 12-month period than they would of catching Covid-19 during a commercial flight, according to IATA.
Avianca boosted as US court clears it to access $2 billion in financing
Colombia-based Avianca has received approval from the US Bankruptcy Court for the Southern District of New York to access the $2 billion debtor-in-possession financing for which it had secured funding commitments on 21 September.
Court upholds decision to suspend Avianca state loan
A Colombian court has upheld its injunction barring the national government from participating in Avianca’s debtor-in-possession (DIP) financing, but the airline is confident its latest proposal will still be approved by the US bankruptcy court.
Light twin-turboprop ATL-100 to be produced at Portuguese facility
Portugal’s government expects a joint turboprop aircraft programme with Brazilian industry will create 1,200 positions at a new integrated production facility in Evora.
Caribbean Airlines to reduce salaries, lay off staff
Caribbean Airlines is implementing cost cutting measures including salary reductions, temporary layoffs and reducing discretionary spending in order to manage through the coronavirus crisis.
FAA and ANAC certificate Embraer’s Synthetic Vision Guidance System
Brazilian airframer Embraer says its Synthetic Vision Guidance System (SVGS) has gained approval for use in its Phaeton 500 and Praetor 600 aircraft in two important jurisdictions.