AviTrader sponsorship ad

Top Stories

“Culture of concealment” and “repeated and serious failures” led to 737 MAX crashes

US congressional investigators have released a 239-page report on the 737-MAX crashes where it identifies both Boeing Co (Boeing) and the Federal Aviation Administration (FAA) for “repeated and serious failures”, together with a culture of “concealment” instigated by Boeing to withhold important information from the FAA. The report identified Boeing’s sense of urgency to launch

Read More »

Strong words over EU states’ travel policies from easyJet CEO

EasyJet’s Chief Executive, Johan Lundgren, has demanded European governments focus on developing coherent air travel policies as opposed to shielding national carriers as carriers struggle to deal with the effects of the COVID-19 pandemic. Lundgren was quite blunt in his criticism of varying restrictions and quarantine measures which he felt had contributed to the slump

Read More »

Lima Airport signs US$450 million financing for airside development

Lima Airport Partners (LAP), which has been part of the Fraport Group since 2001, has signed a US$450 million financing agreement for its airside development program at Jorge Chávez International Airport in Lima, Peru. KfW IPEX-Bank, the Bank of Nova Scotia, Sumitomo Mitsui Banking Corporation, and Banco Bilbao Vizcaya Argentaria – are providing the loan.

Read More »

Luis Gallego officially takes over the helm at IAG

International Airlines Group (IAG) has confirmed that Luis Gallego, the former chairman of Iberia, one of the Group’s carriers, has officially taken over from Willie Walsh as Chief Executive, effective Tuesday September 8, immediately after the Group’s Annual General Meeting. Commenting on his new position, Gallego said: “It’s an honour to become IAG’s chief executive,

Read More »

Norwegian pins hope on second round of funding as passenger numbers drop 91%

Norwegian Air Shuttle (Norwegian), Norway’s flag-carrying airline, posted passenger numbers for August 2020 which reveal a 91% drop compared to the same period last year, 313,316 as opposed to 3.5 million, respectively, while the majority of its fleet remains grounded. Currently the airline has plans to operate between 25 and 30 of its planes, leaving

Read More »
Embraer

Embraer to cut workforce as it deals with pandemic and Boeing U-turn

Embraer has announced it is to shed approximately 900 jobs, approximately 4.5% of its current workforce in a restructuring move. The Brazilian planemaker is struggling to deal with the dual setbacks of the COVID-19 pandemic and Boeing’s cancellation of its deal with the commercial aviation arm of the company. Deliveries of commercial jets have fallen

Read More »
AviTrader sponsorship ad