Ethiopian Airlines’ (Ethiopian) chairman, Tewolde Gebremariam, has confirmed that he anticipates the settlement of a compensation package with Boeing in relation to lost revenue owing to the grounding of the 737 MAX after the crash of one of the jets belonging to Ethiopian in March 2019. “We have invited Boeing to discuss compensation. It’s compensation
Emirates Group (Emirates) is looking to make substantial cuts in its workforce as it tries to mitigate the financial costs of the COVID-19 pandemic, according to Bloomberg news. The Gulf carrier suspended all regular passenger flights in March and like all airlines has struggled to cope, financially, with the approximate 95% drop in demand for
Delta Air Lines (Delta) has announced that it is retiring its fleet of 18 wide-body 777 jets as part of a necessary strategy to simplify and modernize its fleet of aircraft through the operation of more streamlined and cost-efficient aircraft. As an example, the long-haul next-generation Airbus A350-900 burns 21% less fuel per seat than
With the COVID-19 pandemic bringing international air travel to a standstill and millions of customers now demanding cash refunds for canceled trips TUI, the world’s largest holiday company has begun what it sees as only the first round of redundancies as it announces 8,000 staff, approximately 10% of its workforce, are being laid off. Despite
Having had talks with Airbus in March 2019 about a potential order for 100 A321s and thus create a dual Airbus-Boeing fleet of aircraft, Ryanair, the Irish low-cost carrier, has announced its intention to cancel any existing deliveries of Airbus aircraft, all of which would have been from leasing companies. As part of the U-turn,
Columbia’s Avianca Holdings SA, South America’s second-largest airline, has filed for Chapter 11 bankruptcy. The carrier had a looming bond payment deadline and had been unable to secure any financial aid from the government to help it through the pandemic. In the filing lodged with the U.S. Bankruptcy Court for the Southern District of New
Safran, the world’s third-largest aerospace supplier has announced it is to cut it’s workforce in Mexico by 3,000 as the French company tries to deal with he fallout of the COVID-19 pandemic and its effect on the aerospace industry as a whole. Safran has two plants at Queretaro, Mexico, an industrial city which has become
BOC Aviation has signed a purchase-and-leaseback agreement with Wizz Air for six new Airbus A321neo aircraft. All six aircraft will be powered by Pratt & Whitney GTF™ PW1100G-JM engines, and are expected to deliver in 2020 and 2021. József Váradi, Chief Executive Officer of Wizz Air said: “We are delighted today to be signing yet
VoltAero has revealed the production configuration for its Cassio aircraft, which will revolutionize general aviation with a highly efficient, safe and optimized family of airplanes powered by the company’s hybrid-electric power module. Cassio utilizes VoltAero’s hybrid-electric power module in an aft fuselage “pusher” configuration, integrating a cluster of electric motors with a high-performance internal combustion
Having been unsuccessful in obtaining a government bailout beyond the standard furlough scheme for its employees, Virgin Atlantic has announced the loss of over 3,150 jobs, which equates to just over 30% of its workforce. The reduction will also mean that the carrier will be closing down all its operations from London Gatwick airport, putting
