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 »
European aerospace giant Airbus has decided to furlough 3,200 of its staff based at its plant in Broughton, Wales, which is responsible for the manufacture of wings. These employees will be able to take advantage of the U.K.s job retention scheme whereby the government guarantees 80% of an employee’s salary while they are unable to
Airbus furloughs 3,200 U.K. workers as it continues to haemorrhage cash Read More »
SWISS and its Swiss WorldCargo division have performed more than 80 cargo-only flights since the end of March, transporting over 1,300 tons of airfreight between Asia and Switzerland. The cargo concerned has consisted mainly of medicines and medical supplies and equipment for the Swiss healthcare system. SWISS plans to operate over 100 further cargo flights
SWISS to reconfigure three Boeing 777s into cargo aircraft Read More »
As a result of COVID-19, demand for air travel is expected to be significantly affected during the remainder of 2020 and it will take some years before demand returns to the levels experienced before the outbreak. Consequently, Scandinavian Airlines (SAS) needs to adapt the business to a lower-demand environment, so the Scandinavian carrier will initiate
SAS to reduce workforce by up to 5,000 full-time positions Read More »
Boeing will resume 787 operations at Boeing South Carolina (BSC), with most teammates returning on May 3 or May 4. The return includes all operations that were temporarily suspended on April 8, in response to the COVID-19 pandemic. “The health and safety of our teammates, their families and our community is our shared priority,” said
Boeing to resume 787 operations in South Carolina Read More »
Research released by ForwardKeys, the travel analytics firm, has revealed the extent of the collapse in aviation in the wake of the COVID-19 outbreak. In the year to April 19, air travel fell to exactly half of what it was in the equivalent period last year. The cancellation rate peaked in mid-March and global aviation
As flight bookings dive, consumers still plan to travel Read More »
KlasJet, a private and corporate jet charter company and a subsidiary of Avia Solutions Group, has added cargo services to its portfolio by collaborating with cargo airline BlueBird Nordic. The latter company’s newly acquired Boeing 737-300 (LY-MRN), will enable KlasJet to carry out cargo services globally. The alliance of KlasJet’s experience providing the highest quality
KlasJet adds cargo services to its portfolio by collaborating with BlueBird Nordic Read More »
AAR’s Mobility Systems division has been awarded a sole-source firm-fixed-price (FFP) requirements contract, that includes a base year with four one-year option periods from the U.S. Air Force for the production and repair of 463L cargo pallets. The total contract value is US$125 million. The cargo pallets will be manufactured and repaired in Cadillac, Michigan.
