In a virtual shareholders’ meeting on Monday this week, Boeing CEO David Calhoun warned that the world’s second-largest planemaker will need to raise further cash over the next six months and will be unlikely to pay any shareholder dividends for many years to come. “That process could take three to five years… It’s going to […]
Boeing says it needs more money – dividends unlikely for many years Read More »
Bombardier has begun the process of recalling most of its Canadian-based employees who were placed on furlough following government mandates enacted to slow the spread of COVID-19. Suspended manufacturing and service activities will gradually resume as of May 11. Nearly 11,000 employees are expected to be back to work within the next few weeks across
Bombardier expects 11,000 employees to return-to-work over next few weeks Read More »
STS Aviation Services (STS), an MRO provider to the global aviation industry, is now AS9110C certified in the United Kingdom. This certification grants STS Aviation Services the authority to maintain, repair and overhaul both civilian and military aircraft in accordance with aerospace law and global regulatory requirements. Having recently entered the MRO market in the
STS Aviation Services gains AS9110C accreditation in the U.K. Read More »
GA Telesis’ MRO Services Group has received approval from the Civil Aviation Administration of China (CAAC) for its Miami-based landing gear operation. This new rating allows GA Telesis MRO Services to repair and overhaul CRJ900 landing gears for China Express Airlines (China Express). In 2019, the company has entered into a long-term agreement to overhaul
GA Telesis MRO Services Group receives Chinese CAAC landing gear certification Read More »
Airbus has reported consolidated financial results for its first-quarter 2020. Consolidated revenues ​decreased to €10.6 billion, down 15% compared to the first-quarter of 2019, reflecting the difficult market environment impacting the commercial aircraft business with 40 less deliveries than a year earlier, partly offset by a better mix and a more favorable foreign exchange environment.
Airbus reports first-quarter 2020 net loss of €481 million Read More »
Finnair Group has posted first-quarter 2020 results. Revenue decreased by 16.0% to €561.2 million compared to €668.2 million the previous year. Unit revenue (RASK) decreased by 7.3%, unit cost (CASK) increased by 5.1%. Unit cost excluding fuel increased by 4.0%. Fuel costs decreased by only €1.3 million (-0.9%). The coronavirus-related decline in capacity was almost
Finnair Group posts first-quarter 2020 financial results Read More »
Field Aerospace has been selected as an awardee on the Kits, Recovery, Augmentation, Components and Engines (KRACEn) Multiple Award Contract (MAC) supporting the United States Navy. Commander, Fleet Readiness Center (COMFRC) awarded a ten-year, US$6.1 billion, enterprise contract vehicle to 42 small business industry partners on April 14, enabling U.S. Navy, government customers and international
Field Aerospace awarded KRACEn contract Read More »
BOC Aviation has promoted David Walton to Deputy Managing Director, a position he will hold in addition to his current role of Chief Operating Officer. Walton joined BOC Aviation as Chief Operating Officer and a member of the senior management team in November 2014. He has responsibility for legal and transaction management, portfolio management, technical,
BOC Aviation promotes David Walton to Deputy Managing Director Read More »
