Embraer delivered five commercial jets and nine executive jets (five light / four large) in the first quarter of 2020, and the company’s firm order backlog at the end of the quarter was US$ 15.9 billion. EBIT and EBITDA as reported were US$-46.9 million and US$9.3 million, respectively, yielding EBIT margin of -7.4% and EBITDA […]
Embraer posts first-quarter 2020 net loss of US$292.0 million Read More »
In support of the U.K. aviation industry and its importance to the economy, the British School of Aviation (BSA) will be reopening its training facility at London Luton Airport on Monday July 6, with a unique concept that highlights the need for skilled engineers as aircraft return to service. Entitled ‘Seat 9’, BSA will implement
‘Seat 9’ concept marks British School of Aviation reopening Read More »
In return for a €9 billion (US$9.8 billion) bailout package, Germany’s flag-carrying airline Lufthansa will relinquish up to a 20% stake in the carrier to the German government. In addition, Lufthansa will have to relinquish over 24 of its take-off and landing slots at Frankfurt and Munich airports to new competitors. There will be a
German government takes 20% stake in carrier as Lufthansa bailout is agreed Read More »
HEICO Corporation has reported that net income increased 22% to US$197.3 million in the first six months of fiscal 2020, up from US$161.1 million in the first six months of fiscal 2019. In the second quarter of fiscal 2020, net income decreased 8% to US$75.5 million as compared to US$81.8 million in the second quarter
HEICO Corporation’s net income up 22% in first half of fiscal 2020 Read More »
Lockheed Martin has delivered the first KC-130J Super Hercules tanker assigned to Marine Aerial Refueler Transport Squadron 452 (VMGR-452), the Marine Forces Reserve squadron at Stewart Air National Guard Base, New York. A U.S. Marine Corps crew ferried the aircraft from Lockheed Martin’s facility on May 28 to the aircraft’s new home. VMGR-452 is the
Low-fare carrier Frontier Airlines has announced 18 new routes for summer 2020. The new flights beginning in June and July expand the airline’s growing presence in major cities, including Boston, Chicago, Newark and Philadelphia. As another step to support the health and well-being of customers, the carrier will implement mandatory temperature screenings for passengers and
Frontier Airlines announces 18 new nonstop routes for summer 2020 Read More »
GE Aviation has been awarded a US$394 million contract from the Defense Logistics Agency (DLA) to provide J85 engine supplies for the United States Air Force and Navy. The work will be carried out by GE Aviation’s facility in Lynn, MA, and across GE’s U.S. supply chain sites. The DLA classifies the new contract as
GE Aviation awarded US$394 million by DLA for J85 engine supplies Read More »
Flight services at Frankfurt Airport are being stepped up significantly from June 1. They will focus on connections between cities in Europe, but flights to popular vacation destinations will also increase. Further long-haul destinations are also being added to the timetables. Daily capacity is now up to approximately 26,000. This is around 10% of the
Frankfurt Airport steps up flight services from this week on Read More »
BALPA, the British Airline Pilots’ Association and pilots’ union has criticized easyJet for its announcement of a shedding of up to 30% of its staff without prior consultation. The union sees this volume of layoffs as totally unnecessary and that it would need “a lot of convincing” that easyJet needed to make “such dramatic cuts.”
BALPA caught off guard as easyJet announces massive wave of job cuts Read More »
EFW has delivered another A330-300P2F converted freighter to customer DHL. This will be the first High Gross Weight (HGW) converted A330-300 with a gross payload of more than 62 tons on the market. Two more 330-300P2Fs will be delivered to DHL in the course of this year with up to 12 additional A330s to follow
EFW delivers A330-300P2F converted freighter to DHL Read More »
