Malaysia’s AirAsia X creditors agree restructuring, Airbus orders cut
Proposing to pay just 0.5% of debt owedShares close 25% higherTo cut Airbus orders to 15 A330neos, 20 A321XLRs (Reuters) – AirAsia X (AAX) creditors…
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Boeing cuts 787 production as new problem discovered
(Reuters) – Boeing Co (BA.N) said on Tuesday it will cut its 787 production rate as it works through a new structural defect in its…
Lufthansa could cut more planes and jobs than planned
(Reuters) – German airline Lufthansa LHAG.DE could cut its fleet by 130 planes in response to the coronavirus crisis, two people familiar with the matter…
SAS to end inflight duty-free sales to cut weight, emissions
Scandinavian airline SAS will stop selling duty-free goods on board its flights to save fuel and inch closer to its goal of cutting emissions by…
Ryanair says to cut Italian routes, jobs, blames government passenger tax
European budget airline Ryanair said on Tuesday it will cut routes and jobs in Italy later this year as a result of a 40 percent…
Lockheed says technology investments cut cost of F-35 jets
(Reuters) – Lockheed Martin Corp said a series of manufacturing changes and technology investments were already driving down the cost of the F-35 fighter…
Airbus to cut A330 production rate in 2015
(Reuters) – Planemaker Airbus will cut production rates of its A330 plane to nine a month from 10 in the fourth quarter of 2015 as…
Alitalia may cut up to 2,600 staff to cut costs
(Reuters) – Alitalia may cut up to 2,600 jobs in its first mass lay-offs since the airline was privatized, union sources said on Monday, citing…
Stansted to cut Ryanair fees in return for more flights
(Reuters) – Ryanair has persuaded London’s Stansted airport to cut the fees levied on the low-cost airline in return for a promise of sharply increased…
UK orders Ryanair to cut Aer Lingus stake
* Competition watchdog orders stake cut to 5 pct from 30 pct * Says current stake could substantially reduce competition * Ryanair says to appeal…
Airbus ministers seek delay to EU emission trade scheme
(REUTERS) Aerospace officials of the European countries where Airbus makes its planes will push for a delay to the start of the European Union’s Emission…
Boeing Next-Generation 737 Performance Improvement Package Delivers on Promise to Cut Fuel Burn
Customers of Boeing’s Next-Generation 737 are validating the benefits of the industry-leading Performance Improvement Package (PIP), one year after the first airplane PIP airplane was…
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