Air Canada, along with the rest of the global airline industry, is facing a severe drop in traffic and a corresponding decline in revenue as a result of the coronavirus (COVID-19) outbreak and travel restrictions imposed in many countries around the world, including Canada and the United States. Although the company expects this disruption to […]
Air Canada withdraws 2020 and 2021 guidance Read More »
Textron Aviation Defense has finalized a US$70.2 million Other Transaction Authority (OTA) contract with the U.S. Air Force Life Cycle Management Center, to equip the U.S. Air Force with two Beechcraft AT-6 Wolverine aircraft, pilot training, engineering services, and up to four years of contractor support for maintenance and spares. The work in support of
The Board of Directors of Lockheed Martin has elected James D. Taiclet as President and CEO, effective June 15. Taiclet will continue to serve as a member of the corporation’s board, which he joined in 2018. He has served as Chairman, President and CEO of American Tower Corporation since 2004 and CEO since 2003. During
Lockheed Martin elects James D. Taiclet as President and CEO Read More »
BOC Aviation has signed a purchase-and-leaseback agreement with Cathay Pacific Airways (Cathay) for six Boeing 777-300ER aircraft. All six aircraft will be placed on long-term leases with the carrier. BOC Aviation is a leading global aircraft operating leasing company with a fleet of 523 aircraft owned, managed and on order. Its owned and managed fleet
BOC Aviation signs purchase-and-leaseback agreement with Cathay Pacific Read More »
TUI Group has decided, in line with government guidelines, to suspend the vast majority of all travel operations until further notice. This temporary suspension is aimed at contributing to global governmental efforts to mitigate the effects of the spread of the COVID-19 virus. In light of this situation, the Executive Board has decided to withdraw
TUI temporarily suspends vast majority of all travel operations; applies for state aid Read More »
The Irish low-cost airline Ryanair has announced that it will ground almost all of its aircraft in Europe for the next seven to ten days. Over the past week, the spread of the Covid-19 virus and associated Government travel restrictions have had a significant and negative impact on the schedules of all Ryanair Group Airlines.
Ryanair to ground most of its fleet Read More »
On behalf of their member airlines, the three global airline alliances oneworld®, SkyTeam and Star Alliance are jointly calling on governments and stakeholders to take action to alleviate the unprecedented challenges faced by the global airline industry amid the COVID-19 pandemic. The three global alliances, which represent almost 60 airlines around the world that contribute
The FAA is to launch an in-depth investigation after a Southwest Airlines (Southwest) 737, en route to Boise, Idaho from Las Vegas, Nevada, experienced a gradual loss of cabin pressure, during which, over a six-minute period, the pilots began a rapid descent from 36,000 feet down to 22,000 feet, an altitude deemed much safer for
Leonardo has posted 2019 full year results. Revenues amounted to €13,784 million, an increase of 12.6% compared to 2018. EBITA amounted to €1,251 million, showing significant growth compared to 2018 (€1,120 m), thus confirming a sound profitability (ROS of 9.1%, in line with the previous year). EBIT amounted to €1,153 million, an improvement of 61.3%
Leonardo posts net profit of €822 million for full year 2019 Read More »
The coronavirus epidemic has had a severe impact on demand for air travel, and several countries have set restrictions on air travel. Finnair has released that it is now making substantial adjustments to its traffic and will reduce approximately 90% of its normal capacity, compared to 2019, starting from the beginning of April 2020. These
Finnair cuts capacity by 90% from April 1 Read More »
