All Air Transport articles – Page 268
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Airline Business
Week of 16 March in review: North American carriers reel from coronavirus fallout
The aviation and aerospace industry in North America experienced the most dramatic week since the days and weeks following the terrorist attacks of 11 September 2001.
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News
Trump 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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News
Longview 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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News
FAA 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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Opinion
Boeing 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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News
SAS in line to benefit as Sweden approves credit guarantees
Sweden’s national legislature has rapidly approved a proposal to issue credit guarantees of up to SKr5 billion ($488 million) to airlines, of which SKr1.5 billion will be allocated to SAS. Under the agreement the state will guarantee commercial loans to airlines affected by the coronavirus crisis. “The matter was decided ...
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News
Finnish government agrees to guarantee €600m loan to Finnair
Finland’s government has provisionally agreed to provide a state guarantee of up to €600 million to assist flag-carrier Finnair, although the measure still needs parliamentary consent. Its economic policy committee met to consider the guarantee on 19 March. Finnair is state-controlled, with nearly 56% of the carrier owned by the ...
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News
Senate 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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News
Senate aims to provide $58b in aid to airlines
The US government has offered its airline industry a package worth $58 billion to assist in supporting the sector as it manages through the coronavirus pandemic that has forced many to reduce schedules, ground aircraft and furlough staff.
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News
CargoJet redeploys capacity to support Canada's remote northern communities
Canadian cargo carrier CargoJet is redeploying some of its international capacity to domestic overnight routes, in order to bolster the supply chain to the country’s far north, largely indigenous communities which are only accessible by air.
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News
Aviation industry coalition asks for coordinated government help
A coalition of 30 aviation industry groups, lobby organisations and professional associations signed a joint letter to the US government insisting it implement urgent and coordinated measures to secure the sector and protect 11 million aviation-related jobs.
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News
Norwegian offered largest share of airline state guarantee package
Norway’s government is providing a conditional state loan guarantee for its aviation industry amounting to NKr6 billion ($533 million), and is securing a minimum level of flight operations in the country. Half of the funding, NKr3 billion, will be directed at embattled budget operator Norwegian, with another NKr1.5 billion for ...
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News
US 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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News
Las Vegas air traffic control tower closed
The air traffic control tower at Las Vegas McCarran International airport has been closed for a deep cleaning after one controller has “presumptively tested positive” for the coronavirus.
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News
FAA 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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News
Recurrent hydraulic fault preceded Iran Fokker 100 gear-up landing
Investigators have found that an engine-driven pump’s overheating preceded a hydraulic leak before an Iran Air Fokker 100 was forced to land at Tehran Mehrabad with its main landing-gear retracted. Iran’s Civil Aviation Organisation found that the aircraft, inbound from Qeshm on 19 March last year, had suffered a series ...
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News
Air Canada 777-300ER rejects take-off behind aborting E190
Canadian investigators have detailed an incident in which an Air Canada Boeing 777-300ER aborted take-off at 110kt after its crew saw that a preceding Embraer 190 had aborted its own take-off roll on the same runway. The 777 had been cleared to line up on Toronto’s runway 06L immediately after ...
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News
Lufthansa Group parks 700 aircraft in crisis response
Lufthansa Group is unable to predict how much its profit will fall this year as it confirmed a 95% capacity reduction to battle the coronavirus outbreak. “At present, no one can foresee the consequences,” notes chief executive Carsten Spohr in a statement accompanying 2019 earnings. “We have to counter this ...
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News
Thomas Cook failure crippled passengers' protective trust fund
Leisure firm Thomas Cook Group’s collapse resulted in a £481 million drain on the protective Air Travel Trust Fund, leaving the fund with sparse resources, a UK National Audit Office investigation states. While the Civil Aviation Authority expects the fund to remain in surplus, the investigation points out that it ...
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News
Textron 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.