According to German newspaper Bild am Sonntag, Lufthansa, along with its subsidiaries Eurowings, Swiss, Austrian and Brussels Airlines will have cut its workforce by 27,000 by the end of 2020 to help mitigate the catastrophic effect of the COVID-19 pandemic on air travel. 20,000 of those jobs will employees based outside Germany, while approximately 7,500
Ryanair, Europe’s largest low-cost carrier, is to increase its fleet of 737 MAX jets after placing a new order for 75 of the beleaguered jets at what has been described as a “modest discount” from the list price of US$22 billion. At a news conference in Washington to announce the deal, Ryanair chief executive Michael
TUI, the world’s largest holiday company, has secured a third major financial bailout to help it cope with the knock-on effects of the COVID-19 pandemic on the travel industry. Having already secured €3 billion in state loans this year, the company has announced that it has struck a deal with the German government, banks and
While remaining an asset of the now defunct Thomas Cook Group, Condor Flugdienst GmbH (Condor) the German charter airline, has announced that it is once again a healthy company. On September 25, 2019 Condor obtained credit facilities of €380 million (US$460 million) while on December 19, 2019 “Schutzschirmverfahren” (protective shield proceedings) began under the Frankfurt
Thales and Standard Aero StandardAero have announced the successful first flight test of a revolutionary compact autopilot system for the Airbus AS350 and H125 helicopter. This is a key milestone which lays the groundwork for this critical phase of the Supplemental Type Certification (STC) process and the launch of this unique autopilot solution to the
In a tone which now underlines the country’s wariness of the relationship between Boeing and the U.S. Federal Aviation Administration, Transport Canada has announced its intention to play a far greater part in the validation process of aircraft. We “have to look at the interaction that different authorities have with their manufacturers,” Nicholas Robinson, Transport
The Worldwide Airport Slot Board (WASB) which comprises the Airports Council International (ACI World), the International Air Transport Association (IATA), and the Worldwide Airport Coordinators Group (WWACG) has pushed worldwide regulators to be more flexible with slot rules while airlines struggle to cope with heavily reduced schedules. The intention behind the push for flexibility is
Established in 2014 through the merger of Mechtronix and OPNICUS with part of the Textron Systems division, the Textron subsidiary TRU Simulation + Training (TRY Canada) is to sell certain of its non-U.S. businesses to CAE Inc. for US$40 million excluding post-closing adjustments and subject to regulatory approval. TRU Canada is a Canadian-American manufacturer of
Brazil’s Embraer, the world’s third-largest commercial plane manufacturer, has announced it is exploring the possibility of developing a new turboprop aircraft. The initial announcement made it clear that its commercial unit is not for sale. “We are actively in discussions with (turboprop) partnerships, but I can’t go into more details now,” Commercial Aviation Chief Executive
The International Air Transport Association has announced it is moving forward with the impending introduction of its Travel Pass. This final development phase will ultimately enable countries to open up their borders to international travelers which are currently closed due to the COVID-19 pandemic. The digital health pass will support the safe opening of these
