SQUAWK

Volocopter grabs €200m in Series D funding

German urban air mobility developer Volocopter has raised another €200 million in Series D funding as it pushes toward certification of its VoloCity autonomous, electric vertical take-off and landing (eVTOL) passenger drone aircraft. German urban air mobility developer Volocopter has...

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NetJets takes purchase rights for 20 Aerion AS2 supersonics

Fractional aircraft ownership company NetJets has thrown its support behind Aerion’s AS2, acquiring rights to purchase 20 of the in-development business jets. Fractional aircraft ownership company NetJets has thrown its support behind Aerion’s AS2, acquiring rights to purchase 20 of...

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Ryanair chief says profitability might return for year after next

Ryanair could return to profitability in the fiscal year ending 31 March 2023, but only under a scenario featuring “continued success” of the vaccine rollout programme. Ryanair could return to profitability in the fiscal year ending 31 March 2023, but...

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Airline cash-burn figures focus the mind

While the US majors have made significant progress on reducing their daily cash burn, the magnitude of the figures is till noteworthy Regular readers of my Airline Business column will recall that we often refer to the fact that the...

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EASA to order Airbus windshield checks after Sichuan A319 blow-out in 2018

Airbus A320-family operators are set to be instructed to carry out repetitive inspections of windshield components after a main cockpit window on a Chinese A319 blew out in cruise nearly three years ago. About 40min after taking off from Chongqing...

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Boeing will come through ‘extremely difficult’ time: AerCap chief

AerCap chief executive Aengus Kelly believes Boeing is facing an “extremely difficult” time as it tackles problems with its 787 production programme, but he is confident the US manufacturer can resolve its issues. AerCap chief executive Aengus Kelly believes Boeing...

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Start-up Flyr outlines expansion plans after securing ramp-up funding

Norwegian start-up Flyr intends to establish an employment ratio comparable to low-cost airlines within Europe, aiming for a figure of 36 employees per aircraft within five years. Flyr claims this will bring it into line with the level of Ryanair...

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Mesa plans joint venture to fly CRJ900s in Europe

Mesa Air Group on 2 March announced a conditional agreement with London-based Gramercy Associates to launch a joint venture to operate Mesa’s Bombardier CRJ900 aircraft on passenger or cargo routes in Europe by the end of 2021. Mesa Air Group on 2 March...

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Canadian airlines lost 23% of international market share: WestJet chief

Airlines in Canada during the coronavirus pandemic have lost 23% of their market share on international routes to competitors in Europe and the USA whose governments have provided sector-specific relief funds, WestJet chief executive Ed Sims said during an online discussion hosted...

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Airbus explores potential of composite bulkhead built for Ariane launch vehicle

Space launcher technology has been adapted for potential use in future Airbus single-aisle aircraft, with testing of a composite bulkhead developed for the European Space Agency’s Ariane 5 and Ariane 6 vehicles. The design modification centres not on the main...

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