All air transport news – Page 378
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NewsAerostructures units no longer for sale, says Airbus chief
Airbus has removed the ‘for sale’ sign hanging over its aerostructures units Premium Aerotec and Stelia Aerospace as it brings them into closer alignment with the rest of the group.
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NewsAirbus details progress with workforce reduction programme
Airbus estimates that 7,500 personnel remain subject to the manufacturer’s restructuring plan, which involves substantially reducing its workforce, particularly in the air transport sector. The airframer says that, as of 31 December 2020, these included some 6,100 personnel in the commercial aircraft division. Airbus originally intended to cut around 15,000 ...
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NewsAirbus encouraged by rising export-credit support for deliveries
Airbus is encouraged by evidence of increasing engagement with export-credit agencies to support aircraft deliveries. Chief financial officer Dominik Asam, speaking during an 18 February briefing, said the airframer was trying to “resuscitate” export-credit financing, stating that the proportion of deliveries with such support has risen to 10% from 2% ...
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NewsAirbus strives for break-even on A220 and low-rate twin-aisles
Airbus is intending to achieve break-even on its twin-aisle programmes at the reduced rate of production, while it acknowledges that a shift in demand mix puts increased pressure on its loss-making A220 lines.
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NewsMTU forecasts uptick this year as 2020 revenue and profit hit by pandemic
German propulsion specialist MTU Aero Engines is cautiously optimistic of a recovery in commercial aerospace this year, as it revealed preliminary results for 2020 that saw both revenue and profit hammered by the effects of the pandemic.
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NewsAirbus brings year-end inventory level below 2019 figure
Airbus brought its inventory figure down to €30.4 billion at the end of 2020, below the previous year-end level of €31.5 billion. The inventory figure had sharply increased over the course of the year, reaching €37.5 billion during the first half, as deferrals and delivery difficulties meant Airbus experienced a ...
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NewsAirbus aims to match last year’s commercial aircraft delivery figure
Airbus is aiming to achieve at least the same number of commercial aircraft deliveries this year as the 566 it managed over the course of 2020. Its commercial aircraft operation generated a full-year earnings loss of €1.33 billion ($1.6 billion), after a 37% fall in revenues to €34.2 billion, contrasting ...
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NewsFAA orders inspection of 222 Boeing 787s
The US Federal Aviation Administration will publish an airworthiness directive on 19 February ordering the inspection of cargo compartments on Boeing 787 type aircraft, adding to the list of safety and maintenance complications for the aircraft. The FAA estimates that 222 787 aircraft will be impacted, according to a copy ...
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NewsTwo Boeing board members to step down in latest shake up
Two Boeing board members to step down in latest shake up
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NewsDe Havilland to halt Dash 8 production, exit Downsview assembly site
De Havilland Aircraft of Canada will temporarily stop producing Dash 8s and begin vacating its Downsview Toronto production site in the second half of 2021.
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NewsUzbek start-up Qanot Sharq signs for A320s
Uzbek start-up carrier Qanot Sharq Airlines is taking a pair of Airbus A320s for its initial fleet, acquired from US lessor Air Lease. Qanot Sharq is based in Tashkent, the capital of Uzbekistan. At the MAKS Moscow air show in 2019, the airline signed an agreement – described as “soft” ...
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NewsFrench and Swedish state aid to airlines not discriminatory: European court
European court judges have thrown out a case against the state aid granted to French and Scandinavian carriers, which had been brought by budget airline Ryanair. Ryanair had alleged infringement of non-discrimination principles as well as the obligation to weigh the benefits of the aid against its adverse effect on ...
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NewsLufthansa in talks for smaller types after A380 and 747 withdrawal: Spohr
Lufthansa Group is holding talks with Airbus and Boeing to bring smaller aircraft into the fleet in place of the larger types the company is withdrawing as a consequence of the air transport crisis. Chief executive Carsten Spohr told a German symposium, hosted by the London School of Economics on ...
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NewsTUI’s Belgian carrier puts 737 Max back into operation
Leisure company TUI Group has started re-introducing the Boeing 737 Max to service, with its Belgian carrier TUIfly conducting flights to Malaga and Alicante. The initial aircraft (OO-MAX), a 737 Max 8, departed Brussels shortly before 09:45 on 17 February. “At the moment we have a very small programme in ...
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NewsLas Vegas McCarran airport to be renamed after former US senator Harry Reid
Officials in Las Vegas have decided to rename the city’s McCarran International Airport after former democratic US senator Harry Reid.
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NewsASL orders 10 more 737-800 converted freighters
Irish airline group ASL Aviation Holdings has ordered another 10 737-800 Boeing Converted Freighters (BCFs), bringing to 21 the number of those jets it intends to acquire. The orders are conversions of previously held options. ASL, based near Dublin, took those options alongside a firm order for 10 737-800BCFs that ...
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NewsSAS stays with Leap-1A for remainder of A320neo order
Scandinavian operator SAS has stayed with CFM International for a further batch of engines for its Airbus A320neo-family fleet. SAS has directly ordered 65 A320neos of which 30 have been delivered. It also operates another 15 on lease, including a single A321LR, all of them fitted with the CFM Leap-1A ...
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NewsPipistrel nears launch of new hydrogen-powered 19-seater
Slovenia’s Pipistrel Aircraft, best known for its range of lightweight two-seaters, is nearing the launch of a new hydrogen fuel-cell- and battery-powered 19-seat hybrid that it hopes will revolutionise the commuter-category segment.
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AnalysisAsia-Pacific authorities keen to defer travel until 2022
After almost a year of closed borders, authorities in Asia-Pacific appear keen to delay the reopening of borders to at least 2022. Even with the rollout of vaccines, there are few signs that governments are prepared to ease up on existing testing and quarantine restrictions. In the short term, a ...
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NewsEl Al sets out post-crisis earnings forecast as it nears loan deal
El Al is projecting a $200 million improvement in its earnings in 2024, compared with the average figure achieved over 2017-19. The airline has put the forecast to investors as it seeks to raise $75 million by September 2021 as part of a financial package which would also include a ...