March 23, 2020

Airbus to recommence production after four-day shut down, but at a slower pace

Airbus plants in France and Spain are to “partially resume” production after a four-day intermission while the overall effects of the COVID-19 were assessed in relation to working practices within the company, and to allow for deep cleaning of production lines. However, the work will be at a much slower rate and production practices have […]

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Liebherr-Aerospace Brazil enhances competitiveness

MRO & Production

Liebherr-Aerospace Brazil has achieved a new milestone in the development of the company: from now on, when supplying parts to third- party customers, the company will manage its supply chain and will hence increase its control over the share of its performance and of its competitiveness that is linked with its suppliers. Initially founded as

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Hawaiian Airlines to suspend most long-haul passenger service due to quarantine order

Airlines & Routes

Hawaiian Airlines, in preparation for a 14-day government quarantine order for all Hawai‘i arrivals set to begin Thursday, March 26, due to the COVID-19 pandemic, will maintain its regular flight schedule through Wednesday to allow guests to return home and to accommodate the repatriation of aircraft before finalizing significant reductions of its domestic and international

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Security software firms will earn their spurs keeping home-working army cyber-safe

Information Technology

The coronavirus (COVID-19) is by far the most significant issue to affect the technology industry in 2020. It will put incredible strain on the world’s economy, which will be effectively halted for three months or more. Many companies will not survive this initial phase, and almost all others will suffer significant drop in revenues, says

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Lufthansa Group releases medically trained employees for specific work in medical facilities

Other News

Employees in Germany who have completed medical training can now be released quickly and un-bureaucratically on a voluntary basis for specific work in a medical facility. Lufthansa will continue to pay the full basic salary of those employees, and further details of this initiative are currently being worked out. Additionally, the Lufthansa Group is waiving

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Boeing to temporarily suspend Puget Sound production operations

MRO & Production

Boeing has announced the temporary suspension of production operations at its Puget Sound area facilities in light of the state of emergency in Washington state and the company’s continuous assessment of the accelerating spread of the coronavirus in the region. These actions are being taken to ensure the well-being of employees, their families and the

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Lufthansa Technik expects massive drop in revenue after record year 2019

Financial

Lufthansa Technik AG continued on its growth path in the past financial year and closed 2019 with record revenue and earnings. Revenue rose by 13% to €6.9 billion. Earnings before interest and taxes (adjusted EBIT) grew by around eleven percent to €493 million. The extent of the effects of the worldwide aviation crisis affecting Lufthansa

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Singapore Airlines Makes significant capacity cuts and grounds aircraft

Airlines & Routes

Singapore Airlines (SIA) will be cutting 96% of the capacity that had been originally scheduled up to the end-April, given the further tightening of border controls around the world over the last week to stem the COVID-19 outbreak. This will result in the grounding of around 138 SIA and SilkAir aircraft, out of a total

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Lilium completes funding round worth more than US$240 million

Financial

Lilium, the Munich-based aviation company developing an all-electric, vertical take-off and landing aircraft for regional air mobility, has completed an internal funding round worth more than US$240 million. The round was led by Tencent, with participation from other existing investors including Atomico, Freigeist and LGT. The new funds bring the total sum raised to date

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Sabre announces over US$200 million in cost saving actions

Financial

Sabre Corporation, the software and technology company that powers the global travel industry, is taking significant measures to strengthen its financial position in response to the current industry conditions. The travel industry continues to be adversely affected by the global health crisis caused by the outbreak of COVID-19, as well as by government directives that

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Airbus to recommence production after four-day shut down, but at a slower pace

Liebherr-Aerospace Brazil enhances competitiveness

Hawaiian Airlines to suspend most long-haul passenger service due to quarantine order

Security software firms will earn their spurs keeping home-working army cyber-safe

Lufthansa Group releases medically trained employees for specific work in medical facilities

Boeing to temporarily suspend Puget Sound production operations

Lufthansa Technik expects massive drop in revenue after record year 2019

Singapore Airlines Makes significant capacity cuts and grounds aircraft

Lilium completes funding round worth more than US$240 million

Sabre announces over US$200 million in cost saving actions

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23 March 2020

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