All news – Page 749
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De Havilland clarifies that Dash 8 production will cease in first half of 2021
De Havilland Aircraft confirms its expects to stop producing Dash 8-400s in the first half of 2021.
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Aerostructures 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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Air France-KLM aims to emerge leaner from Covid-19
Air France-KLM has warned that, with no sign of a recovery from currently dire trading conditions, it plans to shrink and become a leaner, more efficient outfit.
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Airbus 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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Montenegrin state buys two E195s from GECAS
The Montenegrin government has decided to buy two Embraer 195s on lease to Montenegro Airlines from GECAS, rather than incur charges from early cancellation of the leases.
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Airbus confident on FCAS contract progress despite 'challenging' negotiations
Airbus is “very optimistic” that initial development activities can begin this year on the Future Combat Air System (FCAS) being jointly developed by France, Germany and Spain.
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Airbus 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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Airbus 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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Finnair looks to summer recovery as loss run continues into 2021
Finnair expects first quarter losses to be comparable to the levels lost in the three quarters since the pandemic hit after today disclosing a full-year operating loss of €595 million ($718 million).
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Flydubai works on restoring Max flights after UAE approval
Flydubai is to start the process of returning its Boeing 737 Max aircraft to service after the UAE General Civil Aviation Authority (GCAA) cleared the type for operations again.
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Air France-KLM braced for tough first quarter after €7bn loss in 2020
Air France-KLM is warning of an even more challenging first quarter of 2021 before it hopes to lift capacity in the summer after today posting a group net loss of €7.1 billion ($8.6 billion) for the pandemic-hit 2020
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MTU 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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Weak China Lunar New Year traffic offers little festive cheer
Chinese airlines carried just 3.57 million passengers across the seven-day Lunar New Year public holiday period, in what the country’s civil aviation regulators have called a “sharp drop” in passenger traffic amid a resurgence in the coronavirus.
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Airbus 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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Airbus 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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Two forces create toxic mix for Indian airlines: IndiGo chief
IndiGo chief executive Ronojoy Dutta maintains that low fares and high taxes can be a fatal mix for airlines operating domestically in India.
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Qantas to build new flight training centre in Brisbane
Qantas will build a new flight training centre at Brisbane airport by the end of the year and expand existing facilities at Melbourne, as part of a wider relocation of training assets.
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Cathay’s January passenger load factor sinks to dismal 13.3%
Cathay Pacific reported its lowest ever passenger load factor in January, with passenger numbers for the month plunging to six-month lows, as it confronts an “extremely challenging” start to 2021.
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FAA 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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Cebu Pacific finalises $260 million local-currency rights issue
Cebu Pacific has finalised details of its planned Ps12.5 billion ($258 million) rights offering, aimed at providing the Philippine low-cost carrier with funds to repay debts – including those owed to lessors – and ensuring it has sufficient funds to refund passengers.