SQUAWK

CDB Aviation signed more leases in 2020

CDB Aviation signed more new leases and new financing transactions in 2020 compared with the year prior, although its aircraft sales fell and it acquired fewer aircraft. CDB Aviation signed more new leases and new financing transactions in 2020 compared...

Continue Reading  

Mid-2030s zero-emission aircraft horizon ‘credible’: Airbus chief

Airbus chief Guillaume Faury insists a 2035 entry-into-service horizon for zero-emission aircraft is “credible”, given the advancing work on hydrogen power. Six months ago the airframer unveiled proposed designs for zero-emissions aircraft, including a blended-wing body concept alongside more conventional...

Continue Reading  

BA backs ZeroAvia as it eyes hydrogen power for future short-haul fleet

British Airways has become the first airline to invest in hydrogen propulsion developer ZeroAvia, the first step in a journey that could see the flag carrier replace its whole short-haul fleet with zero-emission aircraft by 2050. British Airways has become...

Continue Reading  

Korean Air president sees substantial recovery from 2022

Korean Air believes the strong performance in its cargo business will slow the second half of 2021, with passenger flights resuming and bellyhold capacity re-entering the market. Korean Air believes the strong performance in its cargo business will slow the...

Continue Reading  

Pandemic pushes China’s ‘Big Three’ into big full-year losses

China’s three largest carriers swung deeply into the red in 2020, despite a domestic air travel recovery, as the “unprecedented impact” of the coronavirus outbreak punished their profitability. China’s three largest carriers swung deeply into the red in 2020, despite...

Continue Reading  

US airlines commit to net-zero carbon emissions by 2050

US airlines have committed to spearhead initiatives in order to help the industry get to net-zero carbon emissions by the middle of this century. US airlines have committed to numerous initiatives in order to help the industry get to net-zero...

Continue Reading  

Boeing finalises sale of 23 737 Max to Alaska Airlines

Alaska Airlines has firmed an order for 23 Boeing 737 Max 9s, securing the jets after having in December announced an intention to acquire them. Alaska Airlines has firmed an order for 23 Boeing 737 Max 9s, securing the jets...

Continue Reading  

US Army aims to speed up FLRAA’s major subsystem and weapons development

The US Army has granted Bell and a Sikorsky-Boeing team contracts to speed up the time it ought to take to complete preliminary design reviews for major subsystems and conceptual weapon systems on their Future Long Range Assault Aircraft proposals....

Continue Reading  

Ryanair to open Zagreb base as part of Croatian expansion

Low-cost carrier Ryanair is to open a new base in Zagreb this summer as part of expansion plans for Croatia announced today which will also see it reopen its Zadar base. Low-cost carrier Ryanair is to open a new base in Zagreb...

Continue Reading  

Gulfstream vows commitment to G280, countering ‘rumours’ that production could end soon

Gulfstream is seeking to reassure the business-aircraft sector that its commitment to the G280 super-midsize business jet remains unflinching, despite “rumours” of the contrary. Gulfstream is seeking to reassure the business-aircraft sector that its commitment to the G280 super-midsize business...

Continue Reading