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Latest Articles in aviation sector

Embraer In 'Active' Turboprop Partnership Talks

Embraer's turboprop would aim to leapfrog the 78-seat ATR 72-600, and the 90-seat De Havilland Dash 8-400, owned by private equity firm Longview Aviation Capital.

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US Approval For 737 MAX Return Nears As Challenges Remain For Boeing

Industry sources familiar with the branding say the "MAX" name will likely be phased out over time in favor of the formal names assigned to each variant, like "737-7" or "737-8."

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Lufthansa Hires Finance Head From Chocolate Maker Barry Callebaut

Steenbergen, a 52-year-old Dutchman who has managed Barry Callebaut's finances since March 2018, will be new to the aviation industry when he starts at Lufthansa in January.

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Boeing Raises 20-Year Forecast For China Aircraft Demand Despite Pandemic

Boeing projected a need for 6,450 new single-aisle airplanes over the next 20 years, while China's widebody fleet will require 1,590 new planes, accounting for 18% of the total deliveries

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Norwegian Air Suffers Body Blow As Government Rules Out More Support

A pioneer in low-fare transatlantic air travel, Norwegian Air's rapid expansion left it with debt of close to $8 billion by mid-2020, making it vulnerable to the fallout from the COVID-19 pandemic.

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Airbus Monthly Jet Deliveries Surge In October To Near-2019 Level

Analysts say 2021 deliveries depend on the timing of any COVID-19 vaccine, the availability of cash and funding for airlines and the ability of carriers to survive the winter low-season after a summer deprived of usual tourist demand.

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Lufthansa Warns Of Further Restructuring Costs In Fourth Quarter

The airline, which has already announced plans to cut 20% of its leadership positions and 1,000 administrative jobs, aims to slash 22,000 full-time jobs.

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The Curious Case Of Revival Of Aviation And Hospitality Sector In India

International flights were resumed on May 7th but under a special arrangement known as Vande Bharat Mission Flights. These flights were essentially semi charter flights run by Air India only to bring back Indian nationals stranded in some countries abroad. By October there were sixteen countries to which India was operating.

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India's Top Airline Indigo Posts Record Quarterly Loss On Pandemic Hit

Revenue from operations plunged 66% to 27.41 billion rupees, the airline operator said on Thursday.

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American Airlines Plans To Return Boeing 737 Max To Service At Year-End

The FAA in early October issued a draft report on revised training procedures for the MAX, which is open for public comment through Nov. 2.

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Budget Airline Airasia X Out Of Money, Needs $120 Million For Restart

The Malaysian airline, the long-haul arm of AirAsia Group Bhd, said this month it wanted to restructure 63.5 billion ringgit ($15.32 billion) of debt and slash its share capital by 90% to continue as a going concern.

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Virgin Australia Picks New CEO With Budget Ties As Bain Pushes 'Hybrid' Strategy

Creditors owed nearly A$7 billion ($5 billion) last month approved Bain's purchase of the airline, which entered voluntary administration in April after suffering from a sharp plunge in demand because of the coronavirus pandemic.

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Flying Privately, Safely

Health and safety concerns have led to more bookings of private jets. There is a spike in the bookings of charter flights due to safety benefits

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EasyJet Warns First Ever Annual Loss Could Top $1 Billion

The headline loss before tax forecast for the year ended Sept. 30 of 815-845 million pounds was worse than the loss of 794 million expected by analysts

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Malaysia's AirAsia X To Stave Off Liquidation With $15 Billion Debt Restructure

AAX's announcement comes days after Malaysia Airlines said it had reached out to lessors, creditors and suppliers for urgent restructuring due to the pandemic.

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