Southwest Airlines has completed its previously disclosed discussions with Boeing regarding the restructuring of its delivery schedule for MAX aircraft. The company has completed the multi-year evaluation of the successor aircraft to its Boeing 737-700 model, with the selection of the Boeing 737 MAX 7 aircraft. Southwest Airlines and Boeing reached an agreement on 100 firm orders
Boeing has announced it has recommenced deliveries of its 787 Dreamliner jet, having handed over one of the wide-body jets to United Airlines on Friday, March 26. The American planemaker is currently working through a raft of production defects that have kept dozens of the aircraft on the ground. However, Boeing remains on target with
As with many commercial aviation businesses, RECARO Aircraft Seating (Recaro) has been heavily impacted by the COVID-19 pandemic, which has been reflected in the company’s 2020 financial results which were released this Thursday where it, earned €295 million in 2020, which was 60% less than 209 revenue. Recaro has also revamped its long-term approach, while
Finnair has signaled its interest for electric aviation as a force to be reckoned with for future flying, signing a Letter of Interest for Heart Aerospace’s electric ES-19 aircraft, which is currently under development. Finnair could acquire up to 20 of the new 19-seater Heart Aerospace ES-19 electric aircraft, for use on the airline’s short routes. According to Heart Aerospace, the
Embraer, the Brazilian planemaker, has released its earnings results for both Q4 2020 and also for the full fiscal year 2020. The company delivered 28 commercial jets and 43 executive jets (23 light / 20 large) in 4Q20, and in 2020 delivered 44 commercial jets and 86 executive jets (56 light / 30 large). The
While the Boeing 737MAX remains grounded in China, 18 Airbus A320neos have been purchased by Air China from AFS Investments Inc, a subsidiary of aircraft lessor GECAS. This is a major boost for Airbus in its efforts to compete against COMAC and its soon-to-be-certified C919 narrow-body passenger jet. Based on list prices, the order is
Based at Toulouse Blagnac airport in France, ATR (Aerei da Trasporto Regionale or Avions de Transport Régional), the aircraft manufacturer has revealed its plans for 2021 and beyond for dealing with the devastating effects of the COVID-19 pandemic on the aerospace industry as a whole. 2020 was not such a disastrous year for ATR as
Fraport AG Frankfurt Airport Services worldwide (Fraport) has released its financial results for fiscal year 2020, ending December 31. For the first time in 20 years net profit for the Group dropped into negative territory at €-690.4 million, despite the implementation of extensive cost-cutting measures. Group revenue decreased by 54.7% year-on-year to €1.68 billion. Adjusting
Air Canada has announced ambitious plans for its long-term commitment to advancing climate change. Canada’s flag-carrying airline has targeted 2050 as the year it will reach net-zero greenhouse gas (GHG) emissions for global operations. In the mid-term, the carrier has set a target of reducing GHG emissions by 30% compared to 2019 levels by 2030
Having received backing for a £1.2 billion rescue deal back in August 2020 which Virgin Atlantic claimed would secure its future for approximately 18 months, the struggling carrier has announced it is raising a further £160 million in new financing to help combat the effects of the global pandemic on demand for flights. It is
