April 8, 2020

easyJet founder determined to cancel 107 Airbus jet order by removing directors

Stelios Haji-Ioannou, founder of Europe’s second-largest low-cost carrier easyJet, is looking to oust the carrier’s current chief financial officer, Andrew Findlay, and non-executive director Andreas Bierwirth, in an attempt to have an order for 107 jets with Airbus canceled. Haji-Ioannou was opposed to the purchase of the jets, valued at approximately US$5.5 billion, from the […]

easyJet founder determined to cancel 107 Airbus jet order by removing directors Read More »

JetBlue temporarily consolidates service in five domestic metro areas

Airlines & Routes

JetBlue will temporarily consolidate operations in five major metropolitan areas in the U.S between April 15 and June 10. The revised schedules are aimed at reducing excess flying during a time of unprecedented low demand for air travel while maintaining a critical level of service across the airline’s network for those who absolutely must fly.

JetBlue temporarily consolidates service in five domestic metro areas Read More »

Spirit halts production for Boeing programs at facilities in Wichita, Kansas, Tulsa and McAlester, Oklahoma

MRO & Production

Spirit AeroSystems has announced a series of additional actions the company is taking to reduce costs and preserve liquidity in light of the economic impacts of the COVID-19 pandemic and continued uncertainty in the industry. On April 6, Spirit AeroSystems received notice from Boeing that all deliveries to Boeing’s Washington state and South Carolina facilities

Spirit halts production for Boeing programs at facilities in Wichita, Kansas, Tulsa and McAlester, Oklahoma Read More »

Lockheed Martin names Yvonne Hodge Senior Vice President of Enterprise Business Transformation

People

Lockheed Martin has appointed Yvonne Hodge Senior Vice President of Enterprise Business Transformation, effective June 15. Hodge currently serves as Vice President of Business Innovation Transformation & Enterprise Excellence of the company’s Space business area. In her new role, Hodge will be responsible for developing strategies and implementing integrated, cross-functional solutions that transform operations through

Lockheed Martin names Yvonne Hodge Senior Vice President of Enterprise Business Transformation Read More »

Leonardo closes acquisition of Kopter Group

Financial

Leonardo has closed the acquisition of Kopter Group AG (Kopter) from Lynwood (Schweiz). The purchase price, on a cash and debt-free basis, consists of a US$185 million fixed component plus an earn-out mechanism linked to certain milestones over the life of the program, starting from 2022. The acquisition of Kopter allows Leonardo to further strengthen

Leonardo closes acquisition of Kopter Group Read More »

Air Canada intents to adopt Canada Emergency Wage Subsidy

Financial

Air Canada has released that it intends to adopt the Canada Emergency Wage Subsidy (CEWS) for the benefit of its 36,000 Canadian-based employee workforce. The Government of Canada announced the CEWS on April 1, 2020, in order to help employers keep and/or return Canadian-based employees to payrolls for the Program Term of March 15, 2020

Air Canada intents to adopt Canada Emergency Wage Subsidy Read More »

Airbus is revising production rates downwards

Aircraft & Engines

Airbus is revising its production rates downwards to adapt to the new coronavirus market environment. In the first quarter of 2020, Airbus booked 290 net commercial aircraft orders and delivered 122 aircraft. A further 60 aircraft were produced during the quarter, which remain undelivered due to the evolving COVID-19 pandemic. 36 aircraft were delivered in

Airbus is revising production rates downwards Read More »

Lufthansa closes low-cost carrier Germanwings and shrinks fleet

Airlines & Routes, Top Stories

Based on its long-term view of the effects of the COVID-19 outbreak, the Executive Board of Deutsche Lufthansa AG has opted for strident measures to reduce capacity of flight operations and administration. The Board feels that while it will be many months before the airline industry will see any regrowth from current levels through the

Lufthansa closes low-cost carrier Germanwings and shrinks fleet Read More »