Norwegian Air reports 91% traffic fall amid search for more cash
OSLO (Reuters) – Norwegian Air NORR.OL, which is attempting to secure a second round of financial restructuring, saw a 91% decline in August passenger volume…
COVID-19
Embraer adjusts its structure in response to the impacts of COVID-19 and the cancellation of the partnership with Boeing
São José dos Campos, Brazil, September 3, 2020 – Embraer announced today a 4,5% adjustment to its global workforce, which corresponds to approximately 900 employees…
Rolls-Royce self-harms by selling family silver
LONDON (Reuters Breakingviews) – Rolls-Royce’s plans to flog chunks of the family silver look like self-harm. Although the 2 billion pounds ($2.6 billion) it hopes…
Drop in June airline bookings give reason for caution
1 July 2020 (Geneva) – The International Air Transport Association (IATA) announced that passenger demand in May (measured in revenue passenger kilometers or RPKs), dropped 91.3%…
Airbus plans to further adapt to COVID-19 environment
New measures contribute to safeguarding the Company’s futureNecessary reduction of approximately 15,000 positions across Airbus’ global workforceInformation and consultation process with social partners launched, agreements…
Qantas halts most international flights until October on border closure
SYDNEY (Reuters) – Qantas Airways Ltd said on Thursday it had cancelled most international flights until late October after the Australian government indicated its border…
IATA: Airlines heading for $84 billion loss this year
PARIS (Reuters) – Airlines are set to lose $84 billion as the coronavirus pandemic reduces revenue by half to mark the worst year in the…
Jetflite’s Newly Delivered Challenger 650 Aircraft Demonstrates Versatility for Medevac Use in Efforts to Assist with COVID-19 Evacuation Flights
Aircraft completed its first 100 hours of flight in just 14 days upon delivery Unique adaptability of the Challenger 650 aircraft lends itself to VIP…
Bell Textron Canada Develops Crew Barrier for Customers
Bell Textron Canada Limited (Bell) is proud to work with the Government of Canada and the Canadian Armed Forces to further protect servicemen and women…
Airbus in talks with French state, no liquidity concerns at present, says CEO
PARIS (Reuters) – European planemaker Airbus is in talks with the French state regarding possible support for aircraft deliveries, even though it has no liquidity…
Passenger Demand Plunges in March as Travel Restrictions Take Hold
Geneva – The International Air Transport Association (IATA) announced global passenger traffic results for March 2020 showing that demand (measured in total revenue passenger kilometers or…
Airbus provides update on March commercial aircraft orders & deliveries
Business impacted by COVID-19 pandemic 21 net orders and 36 deliveries in March 2020 290 net orders and 122 deliveries in Q1 2020 Production rates…