The European Union Aviation Safety Agency (EASA) has announced that it is to begin flight tests on the updated Boeing 737 MAX in Vancouver, Canada, on September 7. The move comes two months after both Boeing and the Federal Aviation Administration (FAA) had completed certification flight tests. According to the EASA, “While Boeing still has
Vertical Aerospace, the Bristol-based company pioneering affordable electric aviation, has announced plans for a revolutionary ‘flying taxi’, the VA-1X. Capable of carrying up to five people (four passengers and a pilot), the VA-1X is set to be the world’s first certified winged all-electric Vertical Take-Off and Landing (eVTOL) aircraft, and is on course to start
American Airlines has announced that unless there is further governmental aid provided, when the current government stimulus runs out at the end of September, it will be foced to shed 19,000 of its March 140,000-strong workforce. By the end of October, taking into account voluntary exits and retirments, staffing levels at American Airlines will shrink
Gulfstream Aerospace (Gulfstream) has announced that its new company-owned service center in Palm Beach, Florida, is now open. The center is being shared with Jet Aviation, both of whom will have their own hangars but who will share office space. “Gulfstream has had a presence in Palm Beach for almost 20 years with the capability
Qantas has posted a full-year net loss of AU$1.964 billion for the financial year ended June 30. One of its largest ever losses, this one has been driven by impairment charges and restructuring costs intended to shore up the company during the pandemic. Alan Joyce, Qantas CE, confirmed that the carrier was operating among the
Having previously announced a target of a 10% in its 160,000-strong workforce, Boeing has announced that it is looking to extend its voluntary redundancy package, though unusually it has not put a ceiling on the number of additional employees it is looking to shed. This second round of cuts is not restricted solely to the
Located in central Virginia, Rolls-Royce has announced the forthcoming closure of its Prince George County aircraft parts factory, scheduled for mid-2021. Like many businesses connected to the commercial aerospace industry, the Rolls-Royce plant has been heavily hit by the downturn in demand for travel during the COVID-19 pandemic and had already laid off 190 workers
With further problems ahead for one of Europe’s largest low-cost carriers, easyJet has announced it has managed to raise an additional US$266 million through a sale-and-leaseback deal of aircraft. This brings the total raised for the sale and leaseback of 23 aircraft to US$1.09 billion, which is at the upper end of guidance for proceeds.
The International Air Transport Association (IATA) is urging governments to get together and lift border restrictions as well as finding alternatives to quarantine measures if further economic damage is to be avoided. Despite a more recent increase in air traffic over the last months, helped by the reopening of borders between Schengen and non-Schengen EU
TUI, the world’s leading integrated tourism group, has received backing from the German government for an additional tranche of €1.05 billion that extends its exiting tranche with KfW, the German state-owned development bank based in Frankfurt. The extension of the existing credit line by €1.05 billion will be subject to TUI issuing a Convertible Bond
