March 16, 2020

Willie Walsh postpones retirement to help deal with fallout from COVID-19

Willie Walsh has confirmed that, for the foreseeable future, he will remain at the helm of IAG as its Group chief executive, while his successor-in-waiting, Luis Gallego, will remain in charge as CEO at Iberia. IAG, headquartered at London Heathrow, comprises a number of subsidiary airlines, including Aer Lingus and Aer Lingus Regional, British Airways, […]

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Air Canada withdraws 2020 and 2021 guidance

Financial

Air Canada, along with the rest of the global airline industry, is facing a severe drop in traffic and a corresponding decline in revenue as a result of the coronavirus (COVID-19) outbreak and travel restrictions imposed in many countries around the world, including Canada and the United States. Although the company expects this disruption to

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Textron Aviation Defense receives U.S. Air Force contract for two Beechcraft AT-6 Wolverine aircraft

Military & Defense

Textron Aviation Defense has finalized a US$70.2 million Other Transaction Authority (OTA) contract with the U.S. Air Force Life Cycle Management Center, to equip the U.S. Air Force with two Beechcraft AT-6 Wolverine aircraft, pilot training, engineering services, and up to four years of contractor support for maintenance and spares. The work in support of

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Lockheed Martin elects James D. Taiclet as President and CEO

People

The Board of Directors of Lockheed Martin has elected James D. Taiclet as President and CEO, effective June 15. Taiclet will continue to serve as a member of the corporation’s board, which he joined in 2018. He has served as Chairman, President and CEO of American Tower Corporation since 2004 and CEO since 2003. During

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BOC Aviation signs purchase-and-leaseback agreement with Cathay Pacific

Aircraft & Engines

BOC Aviation has signed a purchase-and-leaseback agreement with Cathay Pacific Airways (Cathay) for six Boeing 777-300ER aircraft. All six aircraft will be placed on long-term leases with the carrier. BOC Aviation is a leading global aircraft operating leasing company with a fleet of 523 aircraft owned, managed and on order. Its owned and managed fleet

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TUI temporarily suspends vast majority of all travel operations; applies for state aid

Airlines & Routes

TUI Group has decided, in line with government guidelines, to suspend the vast majority of all travel operations until further notice. This temporary suspension is aimed at contributing to global governmental efforts to mitigate the effects of the spread of the COVID-19 virus. In light of this situation, the Executive Board has decided to withdraw

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Ryanair to ground most of its fleet

Airlines & Routes

The Irish low-cost airline Ryanair has announced that it will ground almost all of its aircraft in Europe for the next seven to ten days. Over the past week, the spread of the Covid-19 virus and associated Government travel restrictions have had a significant and negative impact on the schedules of all Ryanair Group Airlines.

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oneworld, SkyTeam and Star Alliance member airlines call on governments and stakeholders for extraordinary support

Aircraft & Engines

On behalf of their member airlines, the three global airline alliances oneworld®, SkyTeam and Star Alliance are jointly calling on governments and stakeholders to take action to alleviate the unprecedented challenges faced by the global airline industry amid the COVID-19 pandemic. The three global alliances, which represent almost 60 airlines around the world that contribute

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FAA launches probe after in-flight incident results in 12-inch crack in older Southwest 737 jet

Aircraft & Engines, Top Stories

The FAA is to launch an in-depth investigation after a Southwest Airlines (Southwest) 737, en route to Boise, Idaho from Las Vegas, Nevada, experienced a gradual loss of cabin pressure, during which, over a six-minute period, the pilots began a rapid descent from 36,000 feet down to 22,000 feet, an altitude deemed much safer for

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Leonardo posts net profit of €822 million for full year 2019