Triumph furloughs 2,300 employees across U.S. and Europe

Given that Boeing has extended closure of its Washington state factories indefinitely, and closed its Charleston, South Carolina plant until further notice, Triumph has announced furloughs for approximately 2,300 employees across its plants in the U.S. and Europe for two to four weeks to reduce capacity associated with Boeing Commercial Aircraft programs. These plants will […]

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easyJet has opened its new Integrated Control Centre (ICC) in Luton, UK © easyJet

easyJet delays delivery of 24 aircraft – founder Stelios Haji-Ioannou still unhappy

Aircraft & Engines, Top Stories

easyJet has delayed the delivery of 24 Airbus jets as it looks to stave off pressure from its major shareholder and former founder, Stelios Haji-Ioannou. Haji-Ioannou is pushing hard for the cancelation of the order for the 24 jets and is looking to have two directors of Europe’s second-largest low-cost carrier, chief financial officer, Andrew

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US Department of Transportation ruling could be detrimental to airline industry

Airlines & Routes

Recent instruction by the Department of Transportation will put airlines into further financial difficulty than they already are, says GlobalData, a leading data and analytics company. Rheanna Norris, Associate Analyst at GlobalData, comments: “Airlines rely upon cancellation and change fees as a reliable stream of revenue. The coping mechanism for many US-based airlines has been

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TUI receives bridging loan of €1.8 billion

Financial

KfW and TUI AG have signed the state aid bridging loan for €1.8 billion. The loan had been committed by the German Federal Government on March 27, as part of the COVID-19 state support program. TUI’s current Revolving Credit Facility “RCF” banking consortium supports the KfW loan and the addition of the €1.8 billion into

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Air Canada re-configures passenger cabins on three aircraft to transport more vital supplies and necessary cargo

MRO & Production

Air Canada is re-configuring the cabins of three of its Boeing 777-300ER aircraft to give them additional cargo capacity. The first aircraft conversion is complete and is now in service, with the second and third aircraft to be completed shortly. The three Boeing 777-300ER aircraft are being converted by Avianor, an aircraft maintenance and cabin

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Skyworld Aviation arranges sale of two Avro RJ100s to Executive Jet Support

Aircraft & Engines

Skyworld Aviation has arranged the sale of two Avro RJ100’s to spares and components specialist Executive Jet Support in the U.K. The two RJ100s were part of a ten aircraft fleet previously operated by Braathens Regional. Executive Jet Support is a leader in providing commercial aircraft, engines and airframe components on sale, exchange or loan

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Commercial drone market to hit 2.44 million units by 2023, says Frost & Sullivan

Uncategorized

Frost & Sullivan’s recent analysis, Global Commercial UAS Market Outlook, 2020, finds that the industry is transitioning from a nascent to a growth stage. With the surge in demand for commercial drones by the professional segment, unit shipment is estimated to rise at a compound annual growth rate (CAGR) of 4.5%, reaching 2.91 million units

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Norwegian looking to convert US$4.3 billion debt into equity – most of fleet still grounded

Financial, Top Stories

In a bid to deal with the economic ramifications of the COVID-19 pandemic Norwegian, Europe’s third-largest low-cost carrier, is now looking to convert up to US$4.3 billion of debt into equity and will be issuing new shares in an attempt to stay afloat. The strategic move is in response to the requirements needed to meet

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Changes in the Supervisory Board of Lufthansa Technik

People

At its extraordinary meeting on April 2, the Lufthansa Technik Supervisory Board has appointed Dr. Detlef Kayser as the new Chairman of the Supervisory Board. He will take over from Carsten Spohr with effect from the same date. In addition, Thorsten Dirks was elected as a new member of the Supervisory Board. With this decision,

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SAS’ capacity down -45.4% in March

Traffic

As an effect of the COVID-19 pandemic and the travel restrictions imposed by many governments, SAS’ capacity was reduced by over 45% compared to last year. During April, almost all flights will be canceled except for a few domestic routes in Norway and Sweden. SAS’ total traffic in March declined -62% and capacity was down

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Heike Tamm