Singapore Airlines stated Friday that it could report a significant operating loss in the quarter ended March 31, partly due to a slump in fuel prices that led to major hedging losses and that it could postpone aircraft deliveries. The airline stated […]
Boeing’s grounded 737 MAX jet is expected to remain grounded until at least August as the manufacturer continues to grapple with software program points, said people briefed on the matter. The largest plane manufacturer has signaled it now hopes […]
Air France-KLM is moving towards a 10 billion euro ($10.9 billion) government-backed rescue deal, sources stated, after France agreed to greater guarantees on loans designed to tide the airline group via the coronavirus crisis. Paris is able to vouch for […]
German group Thyssenkrupp is in talks about possibly merging its unit ThyssenKrupp Marine Systems (TKMS) with a domestic competitor to form a national champion. The Thyssenkrupp board member in charge of the marine systems unit, Oliver Burkhard, tweeted earlier that […]
U.S. Treasury delegates have asked airways to seek government payroll assist in providing additional detailed info on capital structure, liquidity, and loyalty programs. Airlines’ daily money burn rates, once they expect to run out of cash and their finest estimates […]
U.S. Air Force has published footage displaying a test of a mobile aircraft arresting system at an unrevealed location in Southwest Asia, as mentioned in the statement. Airmen assigned to the 332nd Expeditionary Civil Engineer Group to take a look […]
Airbus introduced plans Wednesday to cut jetliner manufacturing throughout the board after the coronavirus epidemic triggered aviation’s worst industrial crisis and drastically decreased deliveries to cash-starved airlines. In its largest-ever manufacturing adjustment, the European producer mentioned it was lowering the […]
Plane manufacturers are looking at drastic reductions in wide-body manufacturing amid a tumble in demand for the industry’s largest aircraft, manufacturing and supplier sources stated Thursday. Deliveries of long-range jets just like the Boeing 777 or 787 and Airbus A350 or […]
British Airways is discussing with its union about a plan to withdraw around 32,000 employees so it may well survive the coronavirus pandemic, a person aware of the situation stated. The British flag carrier has massively cut flights and warned […]
U.S. Treasury Secretary Steve Mnuchin stated Friday that taxpayers will “compensated” for providing as much as $25 billion in direct grants to the airline sector. U.S. airways are preparing to tap the government to cover payroll in a steep travel […]