As countries like Spain and Italy now look to have the COVID-19 pandemic under control and death tolls easing, both easyJet and Ryanair, Europe’s top-two low-cost carriers, have both issued strong statements about the near future of air travel once travel bans have been lifted. Shares in easyJet rose 6.2% after it announced it had […]
Confident European carriers influence share bounce back Read More »
The International Air Transport Association (IATA) has renewed its calls for a coordinated approach among governments to keep air cargo flowing. Delays in permit approvals, quarantine measures for air cargo crew and insufficient support on the ground continue to hamper the movement of cargo flights carrying vital medical supplies and other necessities. Many governments and
IATA calls for coordinated approach to keep air cargo flowing Read More »
Airbus shareholders have approved all resolutions on the agenda for its 2020 Annual General Meeting, including the election of two new directors, while René Obermann formally succeeds Denis Ranque. Owing to the global coronavirus outbreak, shareholders were encouraged to vote by proxy instead of attending the AGM physically in Amsterdam, in line with public health
Airbus Board approves appointment of René Obermann as Chairman of Board of Directors Read More »
Boeing will resume all commercial airplanes production in a phased approach at its Puget Sound-region facilities next week, after suspending operations last month in response to the COVID-19 pandemic. Approximately 27,000 people in the Puget Sound area will return to production of the 747, 767, 777 and 787 programs, supporting critical global transportation infrastructure, cargo
Boeing to resume commercial airplanes production in Puget Sound Read More »
Atlas Air has donated air cargo transport to NYU Langone Health for critical personal protective equipment (PPE). Two flights were operated for this mission, including one from Shanghai to New York City’s John F. Kennedy International Airport on April 9, and a second from Shanghai to Chicago’s O’Hare International Airport on April 13. The Atlas
Atlas Air donates transport for critical PPE to NYU Langone Health Read More »
Delta is expanding its cargo-only flights between the U.S. and Asia, as demand for medical supplies continues to grow in the U.S. Beginning this week, Delta’s scheduled cargo operation will grow to daily-service with the addition of flights from Los Angeles, supplementing the Detroit service that launched March 30. The flights will operate daily to
Delta expands cargo-only flights between U.S. and Asia Read More »
Seabury Capital Group’s London- and New York-based Aerospace and Defense (A&D) Investment Banking teams assisted Hong Kong Aircraft Engineering Company Limited (HAECO Group), in the acquisition of Texas-based aero-engine maintenance provider, Jet Engine Solutions (JES). The acquisition marks HAECO Group’s debut in North America’s on- and near-wing, aero-engine market, forming part of HAECO Group’s strategy
Seabury Capital advises HAECO Group on acquisition of Jet Engine Solutions Read More »
Alaska Airlines and Horizon Air have agreed to general terms with the U.S. Treasury regarding their participation in the Payroll Support Program (PSP) under the Coronavirus Aid, Relief and Economic Security (CARES) Act. The program will provide Alaska and Horizon with a total of US$992 million, to be used exclusively for the cost of employee
Alaska and Horizon receive government-aid Read More »
Spirit AeroSystems (Spirit) the American airframe maker has announced that for the first quarter of 2020, it is likely to post a loss of US$160 million as opposed to a profit of US$163 million for the same period last year, generating approximately U$1.1 billion in first quarter revenue, down about 46% from U$2.0 billion for
Spirit AeroSystems warns of dire quarterly results amid COVID-19 pandemic Read More »
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing, has added new members to its commercial team based in Fort Lauderdale, Florida. Jorge Garcia has joined as Senior Vice President and Alan Mangels as Vice President, with both executives expected to support ongoing outreach efforts to airlines and reinforce the lessor’s
CDB Aviation adds executives to Americas team Read More »
