All news – Page 974
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NewsTrading of Boeing shares halted, company suspends Washington production after employee dies
Trading of Boeing’s shares has been halted as the company announces it will suspend production in the Puget Sound region of Washington state for at least two weeks.
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NewsMTU to suspend production for three weeks
Propulsion specialist MTU Aero Engines is to suspend production at a number of its European facilities in response to the coronavirus pandemic.
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NewsBEA becomes first UK company to secure SET-IMC approval
British European Aviation (BEA) has become the first company to secure approval from the UK regulator allowing commercial flights with single-engined turboprop aircraft at night and in instrument meteorological conditions, so-called SET-IMC operations.
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NewsGE Aviation plans 10% US workforce cuts, implements broad furloughs
GE Aviation intends to reduce its US workforce by 10% and to furlough 50% of maintenance, repair and overhaul workers for 90 days in response to collapse of air travel demand caused by the coronavirus.
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NewsIndia to halt all domestic passenger flights from 25 March
India will suspend all domestic passenger flights from 25 March in an effort to reduce the spread of the coronavirus in the country.
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NewsAirbus sees indications of gradual Chinese traffic recovery
Airbus believes there are initial signs of air transport recovery from the coronavirus outbreak in China, from where the first contagion wave spread. Its Tianjin facility had briefly shut production when the outbreak emerged, but has since resumed manufacturing, although Chinese airline operations remain significantly affected. Speaking during a briefing ...
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NewsTransat to lay off 70% of Canadian staff as it halts flights in April
Canadian leisure carrier Air Transat will suspend all flights on 1 April, while its parent Transat AT is laying off some 3,600 Canadian employees due to the coronavirus crisis.
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NewsAirbus assessing production impact as outbreak pressure intensifies
Airbus is evaluating potential impact of the coronavirus outbreak on production, particularly for twin-aisle aircraft, and acknowledges that it might have to store aircraft as tightening restrictions obstruct deliveries. But the airframer is emphasising that it retains a strong backlog, especially in the single-aisle sector, which will help to reduce ...
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NewsGermany’s Lilium nets another $240 million from existing investors
German start-up Lilium has secured an additional $240 million in funding from four existing backers as it works to bring its electric-powered short-range aircraft to market.
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NewsUAE halts all passenger flights for two weeks
All inbound, outbound and transit passenger flights to and from the United Arab Emirates – home to one of the world’s busiest hubs – are to be suspended for two weeks.
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NewsIcelandair Group shifts nearly all staff to temporary working
Icelandair Group has disclosed that it is operating only 14% of its flight schedule and expects this to reduce further, and that it is taking steps to move 92% of employees to temporary part-time working. But it is also cutting 240 personnel across its divisions. The group employs just over ...
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NewsAirbus beefs up finances to weather coronavirus
Airbus has announced measures to support its financial position in light of the economic challenges presented by coronavirus. The measures comprise a new €15 billion ($16.1 billion) credit facility, withdrawal of its 2019 dividend proposal, and suspension of top-up pension funding, says Airbus in a 23 March statement. The withdrawal ...
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NewsSIA grounds almost entire fleet in ‘greatest challenge’ ever
Singapore Airlines will slash schedules and ground almost all aircraft, as the coronavirus pandemic presents “the greatest challenge that the SIA Group has faced in its existence”. Due to the further tightening of border controls globally, SIA will cut 96% of scheduled capacity until end-April and ground 138 of 147 ...
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NewsNew Zealand implements four-week lockdown
New Zealand will go into lockdown for four weeks starting 25 March to halt the spread of the coronavirus. “These decisions will place the most significant restriction on New Zealanders’ movements in modern history,” prime minister Jacinda Ardern stated in a public address today. “This is not a decision taken ...
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NewsAustralian carriers plan capacity cut on domestic travel curb
Virgin Australia and Qantas expect further changes to their schedules after the Australian government advised against domestic travel to slow the spread of the coronavirus. Virgin Australia said in statement to the stock exchange today: “The Virgin Australia Group acknowledges the additional Covid-19 related travel restrictions announced by the ...
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AnalysisOutbreak brings mixed fortunes for Asia MROs
While much has been said about how the coronavirus outbreak has affected the airline industry, what is less-known is its effect on MROs. Are MROs in Asia seeing the silver lining of the crisis, or is it also a picture of gloom for many of them?
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NewsEasyJet cancels 90% of flights from 24 March
EasyJet will ground the majority of its aircraft from 24 March because of the coronavirus-related travel restrictions in force across its network. The carrier will continue to operate rescue flights to repatriate customers, but anticipates this will mostly be complete by 23 March. “These are unprecedented times for the airline ...
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NewsS&P cuts European airlines’ credit ratings
S&P Global has lowered its ratings for EasyJet, Ryanair, Lufthansa, IAG, British Airways, Air Baltic, Turkish Airlines and SAS, and placed them on alert for further downgrades as the coronavirus hurts their liquidity positions. “The pandemic materially threatens the credit quality of European airlines and poses serious challenges for the ...
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NewsAirAsia reinstates Fernandes, Meranun citing independent probe
AirAsia Group reinstated Kamarudin Meranun and Tony Fernandes to their previously vacated positions on 20 March, after the low-cost carrier and its long-haul sister AirAsia X completed an independent probe into Airbus bribery allegations. The was conducted following an investigation into Airbus over corruption allegations. UK court documents list five ...
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NewsCoronavirus prompts overnight closures of New York air traffic control sites
The coronavirus pandemic continues disrupting US air traffic control, with the Federal Aviation Administration temporarily shutting the New York Air Route Traffic Control Center and New York LaGuardia airport’s control tower, citing infections.