All news – Page 953
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NewsGermany’s DRA hints at alternative power for revived Dornier 328
Fledgling airframer Deutsche Regional Aircraft (DRA) has rebranded its proposed revival of the Dornier 328 twin-turboprop as the “D328eco” and hired a former Airbus specialist in alternative propulsion as its chief technology officer.
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NewsFAA cuts control tower service to 100 US airports
The FAA has reduced air traffic control services at 100 airports around the United States as the coronavirus crisis has made a significant impact on the volume of air traffic at secondary and tertiary airports across the nation.
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NewsAirbus rekindles support from export credit agencies
Airbus believes the support of export credit agencies will be important to assist the funding of deliveries to customers during the air transport crisis. But the airframer is not intending to extend financing itself, unless particular circumstances warrant such a measure. Airbus chief financial officer Domink Asam, speaking on 29 ...
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InterviewEquus Global Aviation director on understanding the value of aircraft
Guy Burden has a passion for selling, starting his career in the car industry before moving into aviation. He is now director of international private brokerage Equus Global Aviation, dealing in business aircraft and commercial airliners
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NewsEight Thai carriers seek $771m loan from Thai govt: reports
Eight Thai carriers have sought a soft loan of around Bt25 billion ($771 million) from the Thai government, according to a 24 April Reuters report that cites a Thai AirAsia executive. Tassapon Bijleveld, the executive chairman of Thai AirAsia and its parent company Asia Aviation, added that the carriers ...
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NewsAirbus staying prepared for aggressive single-aisle rebound
Airbus is expecting the single-aisle market to recover faster than the long-haul sector, but the airframer is stressing that the pattern of deliveries is the most difficult part of its business to forecast. It has not offered any guidance in its newly-issued first-quarter financial statement. Airbus chief executive Guillaume Faury, ...
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NewsFinnair to launch €500m rights offering as coronavirus losses mount
Finnair is to launch a €500 million ($542 million) rights offering to rebuild its equity after disclosing it expects to lose around €2 million a day during the second quarter.
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NewsAirbus not expecting to review production levels before mid-year
Airbus is not expecting to review the cuts to its aircraft production rates until around mid-year, when the second-quarter impact of the air transport crisis becomes clearer. The manufacturer has made deep cuts to the output from its A320, A330 and A350 lines. Chief executive Guillaume Faury, speaking during a ...
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NewsAirbus concentrates on cash preservation as crisis starts to bite
Airbus’s first-quarter earnings in the commercial aircraft sector have fallen by more than 80% under the impact of fewer deliveries arising from the coronavirus crisis. The ariframer says it is maintaining a “strong focus” on cash containment after its “solid” start to the year rapidly deteriorated as the pandemic evolved. ...
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NewsGA Telesis gets CAAC certification for CRJ900 landing gear MRO
The Civil Aviation Administration of China (CAAC) has certificated GA Telesis for landing gear MRO services at the latter’s Miami facility. This paves the way for the company to repair and overhaul Bombardier CRJ900 landing gears belonging to China Express Airlines. GA Telesis and China Express signed a ...
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NewsSouthwest plans for recession after $900 million cash burn
Southwest Airlines paired its 28 April disclosure of a first-quarter net loss of $94 million and a cash burn of $900 million in April with the announcement of additional liquidity enhancements, as it looks ahead to a near-term environment virtually devoid of travel demand.
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NewsBombardier to resume manufacturing on 11 May
Bombardier intends to resume aerospace manufacturing on 11 May, ending what will have been a seven-week production halt due to the coronavirus pandemic.
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NewsEurocontrol scenarios illustrate need for co-ordinated recovery
Pan-European air navigation organisation Eurocontrol has underlined the importance of a co-ordinated approach to operational procedures and lifting of national restrictions during recovery from the coronavirus crisis. It has illustrated the potential difference between scenarios based on co-ordinated measures — which Eurocontrol estimates would result in the loss of 45% ...
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NewsSouthwest delays deliveries of 59 737 Max to post-2021
Southwest Airlines, among the world’s top Boeing 737 Max customers, has pushed back deliveries of 59 Max aircraft in response to the travel downturn caused by the coronavirus pandemic.
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NewsUSA tightens restrictions on exports to China, Russia and Venezuela
The US Department of Commerce has tightened restrictions on certain technology exports to China, Russia and Venezuela, a move with still-unclear ramifications on US aerospace suppliers. Those countries are declared adversaries of the USA, and the Commerce Department is blocking shipment to those nations of technology it believes could be repurposed for military uses.
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NewsBritish Airways considers axing 12,000 jobs as parent unveils huge losses
British Airways is proposing a restructuring programme which, it warns, could result in up to 12,000 redundancies. The IAG-owned carrier states that it has notified its trade unions about the measure and – while it remains subject to consultation – the proposal is likely to affect “most” of the UK ...
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NewsIcelandair cuts staff and salaries to survive
Icelandair is axing 2,000 staff and imposing reduced working hours and wage cuts on its remaining employees as it looks to shore up its finances.
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NewsAir cargo capacity crunch to vanish as recession takes hold: IATA
The current capacity shortage in the air cargo market is likely to be resolved – but not in the industry’s favour – as the global economic crisis depresses demand for such services, according to IATA. “The capacity crunch will, unfortunately, be a temporary problem,” states the airline association’s director general ...
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NewsSouthwest to boost liquidity with concurrent deals
Southwest Airlines will enhance its liquidity position through a common stock offering and a $1 billion convertible bond, both announced 28 April.
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NewsSaab AESA trial offers Gripen C/D users new upgrade path
Saab has begun promoting an active electronically scanned array antenna for its PS-05/A fighter radar, offering an upgrade option for operators of its Gripen C/D, and other legacy types.