All news – Page 979
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NewsQantas Group secures $625 million against 787-9s
The Qantas Group has secured A$1.05 billion ($625 million) in a new round of debt funding to “strengthen its position as it manages through the coronavirus outbreak”. The 10-year loan bears 2.75% interest and is securitised against seven Boeing 787-9s. The jets are part of its fleet of 11 787-9s, ...
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NewsAmericas 24 March in review: Congress negotiates aid; Manufacturers and airlines make deep cuts
Politicians from both houses of the US Congress continued negotiating a bill that would offer the air transport industry financial support in order to secure jobs and keep airlines afloat as the coronavirus crisis ravages the industry.
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NewsWhy the US Marine Corps plans big downsizing, including some F-35s, MV-22s and all tanks
The US Marine Corps believes it needs to be leaner and meaner to defeat China in a hypothetical war in the Pacific Ocean. That means cutting a significant number of its bespoke Lockheed Martin F-35B stealth fighters, Bell Boeing MV-22 tiltrotors and Sikorsky CH-53 heavy lift helicopters.
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In depthBoeing tells some suppliers to ‘halt shipments’ amid temporary shutdown
Boeing has instructed suppliers to stop shipments to its Seattle-area production sites during the company’s temporary production shutdown, which takes effect on 25 March.
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NewsBoeing’s Calhoun defends Boeing’s financial health, pushes back against equity-for-aid government support
Boeing chief executive David Calhoun insists government aid to the struggling airline and aerospace sectors should not be contingent upon the government taking equity in US companies.
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NewsWestJet cuts 50% of staff
WestJet’s chief executive Ed Sims says the airline has eliminated half of its workforce as it tries to preserve itself while the coronavirus continues to ravage the air transport industry.
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NewsBombardier suspends production in Canada and Belfast
Bombardier is to halt work at most of its operations in Canada, plus its aerostructures unit in Belfast, Northern Ireland, to comply with governmental restrictions designed to limit the spread of the coronavirus.
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NewsAvianca ceases domestic flights through mid-April
Avianca has suspended domestic flights through at least 12 April, citing the Colombian federal government’s closing of the country’s airspace, which commences 25 March.
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NewsAzul expands April capacity cuts to 90%
Brazilian low-cost carrier Azul has cut its planned capacity through 30 April by 90%.
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NewsBrazil’s Gol down to 50 daily domestic flights
Gol has dropped its domestic capacity in Brazil by 92% and its international capacity by 100% through early May in response to falling demand during the coronavirus pandemic.
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NewsUS House aid bill sets strict labour, consumer, environmental protections
The US House of Representatives says it is willing to support the transportation industry as it works through its losses due to the coronavirus, including offering infrastructure grants to airports and tangible relief for aviation workers. However, it wants airlines to protect their employees and consumers before protecting their own bottom lines.
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In depthSpirit AeroSystems halts Boeing work, Triumph lays off staff
Airframe manufacturer Spirit AeroSystems will halt much of its Boeing-related work and Triumph Group will lay off several hundred staffers in response to the rapid coronavirus-led downturn in the aviation industry.
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NewsAdministrator extends deadline for Piaggio bids
Piaggio Aerospace’s administrator has extended the deadline for parties to submit expressions of interest in the Italian manufacturer on the back of disruption caused by the coronavirus outbreak.
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NewsChina’s domestic airline market 'may be at turning point': IATA
China’s domestic passenger airline market is showing signs of improvement as the country’s coronavirus restrictions are lifted, according to IATA.
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NewsAutothrottle contributed to Belavia 737's long landing and overrun
Ukrainian investigators have determined that the autothrottle of a Belavia Boeing 737-300 was left active before the aircraft touched down long and overran at Kiev Zhulhany. The jet had been operating from Minsk on 12 July last year, and had been descending in darkness and rain to Kiev’s downtown airport. ...
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NewsAirline passenger revenues to fall $252 billion in 2020 amid coronavirus: IATA
IATA now expects the coronavirus outbreak to reduce airline revenues from passenger operations by $252 billion in 2020 – more than double its earlier worst-case-scenario estimate.
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NewsNorwegian receives first financing under sector’s rescue package
Low-cost carrier Norwegian has obtained the first 10% of the funding that Norway’s government is guaranteeing for it under a rescue plan for the national airline industry. On 19 March, Norway announced an NKr6 billion ($542 million) bailout for the sector, of which half would go to Norwegian. The state ...
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AnalysisLatin American combat aircraft inventory has limited scope to grow
We assess Latin America’s in-service combat aircraft inventory, ahead of biennial FIDAE gathering
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NewsLeonardo continues building 787 fuselages despite Boeing production pause
Italian aerospace champion Leonardo will continue to build and ship fuselage sections and other aerostructures for the Boeing 787 programme, despite the US airframer’s planned 14-day suspension of production in the Puget Sound region.
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NewsThai low-cost carriers suspend international services
Thai low-cost carriers have announced temporary suspensions of international services. Thai AirAsia says its suspension of international flights began on 22 March and will end on 25 April, and that the decision was taken “in accordance with travel restrictions being enforced by various governments and relevant health authorities”. Domestic flights ...