Singapore Airlines Posting Losses On Fuel Hedges in Q4
Aerospace News

Singapore Airlines Posting Losses On Fuel Hedges in Q4

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 737 Max to Remain Out of Service Until August
Aerospace News

Boeing 737 Max to Remain Out of Service Until August

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 Nears Bilout with Advanced Guarantees
Aerospace News

Air France-KLM Nears Bailout with Advanced Guarantees

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 […]

Thyssenkrupp Discussing Warship Unit Merger with Local Rivals
Aerospace News

Thyssenkrupp Discussing Warship Unit Merger with Local Rivals

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 Seeks Details on Airline Debt, Liquidity
Aerospace News

U.S. Treasury Seeks Details on Airline Debt, Liquidity

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 […]

Airbus Cuts Jetliner Manufacturing to Deal With COVID-19 Crisis
Aerospace News

Airbus Cuts Jetliner Manufacturing to Deal With COVID-19 Crisis

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 […]

British Airways Mulls to Suspend 32000 Staff
Aerospace News

British Airways Mulls to Suspend 32000 Staff

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 […]