March 23, 2020

Boeing suspends dividends and CEO waives salary as planemaker seeks government loan

Boeing has confirmed that to assist with its request for government aid to aid both itself and other manufacturers in the aerospace supply chain, it will suspend paying any dividends, the company CEO will forego his salary, and the current embargo on share buybacks will remain in place, indefinitely. Like many companies in the aerospace […]

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Air Seychelles takes delivery of new Airbus A320-200neo from ALC

Aircraft & Engines

Air Lease Corporation (ALC) has delivered one new Airbus A320-200neo aircraft on long-term lease to Air Seychelles. Featuring CFM International LEAP-1A26 engines, this aircraft was delivered from ALC’s order book with Airbus. “We are pleased to announce this new A320-200neo delivery to Air Seychelles and further ALC’s long-time relationship with the airline,” said Steven F.

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Airbus secures credit facility of €15 billion; withdraws 2020 guidance

Financial

Airbus will bolster its liquidity and balance sheet in response to the COVID-19 pandemic as it continues to assess the ongoing situation and the impact on its business, customers, suppliers and the industry as a whole. Airbus’ management has received approval from the Board of Directors to secure a new credit facility amounting to €15

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OneWeb successfully launches 34 more satellites into orbit

Other News

OneWeb, the global communications company announced the successful launch of 34 more satellites, aboard a Soyuz launch vehicle from the historic Baikonur Cosmodrome, Kazakhstan. Lift-off occurred on March 21. OneWeb’s satellites separated from the rocket and were dispensed in nine batches. This is the second of its 34 satellite launches in six weeks, an achievement

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Longview Aviation to temporary suspend Dash 8-400 production

Uncategorized

Longview Aviation, parent company of De Havilland Aircraft of Canada and Viking Air, announced the immediate suspension of manufacturing operations for new production Dash 8-400 aircraft at De Havilland’s Downsview facility in Toronto, and new production Series 400 Twin Otter aircraft at Viking’s facilities in Victoria, BC and Calgary, Alberta. Production on these aircraft will

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Finnair implements substantial funding plan

Financial

Finnair is implementing a substantial funding plan in order to secure the company’s future even in a prolonged coronavirus situation. The plan includes funding instruments such as available credit lines, sale and leasebacks of unencumbered aircraft and a substantial, market-based pension premium loan. The available credit lines included in the funding plan consist of a

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easyJet to ground majority of fleet from March 24

Airlines & Routes

Following the country lockdowns, travel restrictions and changes to travel advice across its network, easyJet will ground the majority of its fleet of aircraft from Tuesday, March 24 onwards. The carrier will continue to operate rescue flights as required to repatriate customers and anticipate most of its rescue operations to be completed by today, March

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MTU Aero Engines suspends operations at several facilities

MRO & Production

MTU Aero Engines will temporary suspend a large proportion of operations across several facilities in Europe. In doing so, the company is taking into account the interruptions in material supply that have begun. At the same time, it is doing its part to protect employees and contain the spread of the virus. In the areas

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