SQUAWK

Saab ready to shift T-7A trainer work to West Lafayette site

Saab is on track to this year transition manufacturing work in support of the US Air Force’s Boeing T-7A advanced jet trainer programme from Sweden to the USA, the company’s chief executive says. Saab is on track to this year...

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Air Canada ‘confident’ that government aid is coming

Air Canada’s chief executive is “confident” that the government of Canada will offer airlines a sector-specific financial aid package – the type of support for which the industry has clamoured since the coronavirus pandemic began. Air Canada’s chief executive is...

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2020 was worst for European airport traffic in 25 years

Trade body ACI Europe is calling for further financial support for European airports as they struggle for survival after a year in which passenger volumes fell back to levels last seen 25 years ago. Trade body ACI Europe is calling...

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French shipping giant CMA CGM to enter air cargo market with A330-200Fs

French logistics and sea transport firm CMA CGM is branching into air freight operations, with the introduction of services using four Airbus A330-200Fs. The company is establishing a new division, CMA CGM Air Cargo, which will be dedicated to air...

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Spirit targets return to full capacity in summer

Spirit Airlines made a $508 million operating loss in 2020 but plans to return to full pre-pandemic capacity levels by the summer travel season and take delivery of 16 aircraft by year-end. The US low-cost carrier’s 2020 loss compared with a...

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Kaman plans flight tests of optionally piloted K-Max in first half of 2021

Kaman plans to start ground and flight testing its K-Max Unmanned Aerial System in the first half of 2021. Kaman plans to start ground and flight testing its K-Max Unmanned Aerial System, an optionally piloted variant of its heavy-lift helicopter,...

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Ethiopian Airlines is ‘cash-positive’ as shift to cargo pays off

Ethiopian Airlines’ decision to temporarily convert 25 passenger aircraft for cargo operations has helped it to become “cash positive” during the Covid-19 crisis, according to the African carrier’s chief executive Tewolde Gebremariam. Ethiopian Airlines’ decision to temporarily convert 25 passenger aircraft for cargo...

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Bell closes on 525 certification as it sets mid-2021 deadline for FAA submission

Bell could finally gain certification for the 525 Relentless this year, ending a 10-year development effort for the super-medium-twin helicopter. Bell could finally gain certification for the 525 Relentless this year, ending a 10-year development effort for the super-medium-twin helicopter....

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Pandemic could speed up sustainable ‘reset’ of aviation: webinar

Disruptive alternative propulsion will not come to aviation in leaps and bounds, but will require time, significant investment and partnerships between major manufacturers and small, nimble start-ups Disruptive alternative propulsion will not come to aviation in leaps and bounds, but...

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Jet2 raises £422m to guard against ‘unpredictable shutdown’

Jet2 has raised £422 million ($582 million) through an equity issue aimed at ensuring it has sufficient liquidity in the event of an “extended and likely unpredictable shutdown”. Jet2 has raised £422 million ($582 million) through an equity issue aimed at ensuring...

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