All Air Transport articles – Page 284
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In depthAerospace suppliers shift to healthcare production to help understocked hospitals
Amid the coronavirus downturn an increasing number of aerospace manufacturers and suppliers are shifting to the production of medical products hospitals need to treat increasing numbers of seriously ill coronavirus patients.
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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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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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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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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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NewsOff-centre landing damaged Turkish A330 undercarriage
Nigerian investigators have disclosed that a Turkish Airlines Airbus A330-300 suffered damage after travelling partially off the runway for a distance of some 400m following a landing at Port Harcourt. The aircraft (TC-LOL), arriving from Istanbul at night on 30 December last year, had been established on the localiser for ...
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NewsEuropean air navigation fee deferral aims to assist struggling airlines
Up to €1.1 billion in European air navigation charge payments is being deferred under an agreement intended to assist airlines struggling under the impact of the coronavirus outbreak. Pan-European air navigation organisation Eurocontrol says its members have agreed the deferral as part of a financial package to provide “liquidity support”. ...
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NewsFAA proposes noise standards for new class of supersonic civilian jets
The US Federal Aviation Administration is moving forward with an effort to establish noise certification standards for supersonic aircraft, a development intended to set the US government on a path to permitting a new class of ultra-fast jets.
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NewsBoeing shuts down South Carolina 787 site due to coronavirus
Boeing will suspend production at its 787 facility in North Charleston, South Carolina on 8 April “until further notice” due to the spread of coronavirus.
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NewsEasyJet borrows from UK coronavirus fund as part of liquidity plan
Budget carrier EasyJet has taken steps to borrow funds from the UK government’s corporate financing facility, established to assist companies during the coronavirus crisis. EasyJet chief executive Johan Lundgren says the airline’s “priority” is to “safeguard short-term liquidity”. He says the company has been successful in issuing £600 million of ...
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NewsIncorrectly-sized parts found after Icelandair 757 gear collapse
Investigators have found incorrectly-sized components on the landing-gear assembly of an Icelandair Boeing 757-200 which suffered a main landing-gear collapse at Reykjavik earlier this year. Icelandic investigation authority RNSA has recommended specific safety checks on four aircraft serviced by Landing Gear Technologies, to ensure that parts which have undergone undersizing ...
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NewsEasyJet founder refuses to inject new funds as he directs ire at CFO
EasyJet founder and shareholder Stelios Haji-Iaonnou has refused to inject any fresh capital into the UK budget airline while a contract to acquire further Airbus jets remains in place, and is turning his wrath on chief financial officer Andrew Findlay. Haji-Ioannou has named Findlay as the second director he aims ...
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NewsIcelandair Group studies options to avoid liquidity depletion
Icelandair Group has recruited advisors to look into options for reinforcing its capital structure, and explore possibilities for strengthening its competitiveness. It states that its liquidity position is still “well above” its minimum level of $200 million. But it adds that – given the assumption of “minimum revenue generation” in ...
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NewsRolls-Royce shores up defences as airlines’ widebody engine activity drops
Rolls-Royce has disclosed that the primary impact of the coronavirus crisis on its civil aerospace business has been a reduction in widebody engine flying hours by 25% over the first quarter, including a 50% fall in March. It expects “further deterioration” during April, and beyond, given the increasing grounding of ...
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NewsBoeing extends Puget Sound factory closures
Boeing has extended he closure of its production facilities in the Puget Sound region of Washington, which includes the Seattle area and Moses Lake, “until further notice”.
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NewsLufthansa Group finance chief resigns citing health reasons
Lufthansa Group chief financial officer Ulrik Svensson has resigned from his position, citing health reasons. The German airline company has disclosed that he will step down on 6 April. It has not given any further details on the circumstances behind Svensson’s decision. He has served as the company’s finance head ...
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In depthRaytheon Technologies merger comes at perfect time for UTC
The timing of the merger that created Raytheon Technologies seems about perfect for the company formerly known as United Technologies (UTC), which had been heavily reliant on the now-slumping commercial aerospace industry.
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NewsUS government reminds airlines of ticket refund rules amid pandemic cancellations
An increase in passenger complaints have led the US Department of Transportation to remind airlines that even amid the coronavirus downturn they must abide by government air ticket refund regulations.
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NewsFile coronavirus grant applications by end of day 3 April: US government
The US Department of the Treasury is asking airlines and air transport businesses to submit applications for government payroll grants via an online portal before the close of the 3 April business day.
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NewsUnited Technologies-Raytheon merger to close today
The merger of United Technology’s aerospace divisions and Raytheon is now expected to close the morning of 3 April after UTC’s spin off of its non-aviation businesses Carrier and Otis.