Airbus is encouraged by evidence of increasing engagement with export-credit agencies to support aircraft deliveries. Chief financial officer Dominik Asam, speaking during an 18 February briefing, said the airframer was trying to “resuscitate” export-credit financing, stating that the proportion of...
Airbus is intending to achieve break-even on its twin-aisle programmes at the reduce rate of production, while it acknowledges that a shift in demand mix puts increased pressure on its loss-making A220 lines. Production of twin-aisle jets is running at...
Finnair expects first quarter losses to be comparable to the levels lost in the three quarters since the pandemic hit after today disclosing a full-year operating loss of €595 million ($718 million). Finnair expects first-quarter losses to be comparable to...
Flydubai is to start the process of returning its Boeing 737 Max aircraft to service after the UAE General Civil Aviation Authority (GCAA) cleared the type for operations again. Flydubai is to start the process of returning its Boeing 737...
Air France-KLM is warning of an even more challenging first quarter of 2021 before it hopes to lift capacity in the summer after today posting a group net loss of €7.1 billion ($8.6 billion) for the pandemic-hit 2020 Air France-KLM...
German propulsion specialist MTU Aero Engines is cautiously optimistic of a recovery in commercial aerospace this year, as it revealed preliminary results for 2020 that saw both revenue and profit hammered by the effects of the pandemic. German propulsion specialist...
Chinese airlines carried just 3.57 million passengers across the seven-day Lunar New Year public holiday period, in what the country’s civil aviation regulators have called a “sharp drop” in passenger traffic amid a resurgence in the coronavirus. Chinese airlines carried...
Airbus brought its inventory figure down to €30.4 billion at the end of 2020, below the previous year-end level of €31.5 billion. The inventory figure had sharply increased over the course of the year, reaching €37.5 billion during the first...
After the original US Air Force requirements for the HH-60W Jolly Green II were overtaken by new threats within less than a decade – even before the first example of the rotorcraft was delivered – manufacturer Sikorsky is aiming to...
IndiGo chief executive Ronojoy Dutta maintains that low fares and high taxes can be a fatal mix for airlines operating domestically in India. IndiGo chief executive Ronojoy Dutta maintains that low fares and high taxes can be a fatal mix...