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Lilium to launch first US Vertiport at Lake Nona, Orlando

Munich-based Lilium, which specializes in all-electric vertical take-off and landing (eVTOL) aircraft, has announced it is to partner with the Tavistock Development Company (Tavistock) and the city of Orlando, Florida, to create  a Vertiport, the first hub location for a high-speed electric air mobility network in the USA. The location has been chosen because of

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Boeing suffers further MAX cancellations while EU imposes 15% tariff

Boeing has suffered further cancellations of its currently grounded 737 MAX jet. With October deliveries down to 13 compared to 20 in October a year ago, China Development Bank Financial Leasing Co has canceled orders for four of the jets, three have been canceled by Oman Air, one from Czech carrier Smartwings  and four from

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Major blow to Norwegian as government withdraws support

Norway’s Industry Ministry and the Ministry of Transportation said in a statement on Monday that there would be no further funds made available to Norwegian Air (Norwegian) as the stricken airline struggles to cope with crippling debt and financial problems exacerbated by the COVID-19 pandemic. The low-cost carrier has been a pioneer of cheap transatlantic

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Singapore Airlines posts record US$1.74 billion quarterly loss

With no domestic market to rely on, Singapore Airlines has seen passenger numbers plummet by 98.6% for the month of September when compared to the same month in 2019. Additionally, the volume of cargo carried in September 2020 compared to September 2019 fell by 42.3%. The result of the global pandemic has seen the airline

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Bombardier eyes layoffs as it misses quarterly targets

The Canadian plane and train maker has announced that it has missed its quarterly operating profit forecast and, as a consequence, is now eyeing staff layoffs to reduce running costs. Like so many aviation-related businesses, Bombardier has been heavily hit by the widespread effects of the COVID-19 pandemic. Currently Bombardier is streamlining its business with

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MHI puts SpaceJet on ice as it looks to cut costs

Mitsubishi Heavy Industries (MHI) has announced that it is halting its SpaceJet program which would have seen Japan produce its firs commercial aircraft for over 50 years. The result will see a 50% drop in staff numbers within its commercial aviation sector, while enabling the company to reduce annual costs by 120 billion yen (US$1.15

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Airbus looks to stop burning cash with plan to increase output

Having speeded up deliveries to cash-strapped airlines, Airbus has announced that it intends to increase production of its popular single-aisle jets, the A-320 Family, from 40 to 47 units a month in the third-quarter of 2021, in an attempt to stop burning cash and demand permitting. The A320 Family of jets have been identified as

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