SQUAWK

Wizz Air optimistic that 2021 will be ‘transition’ year

Central European budget carrier Wizz Air is expecting travel limitations to continue impacting capacity levels over much of the its fiscal fourth quarter – the three months from January to March – but adds that 2021 will be a “year...

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Airbus, RAAF to support A330 MRTT boom through data partnership

Airbus Defence & Space has secured a contract from the Royal Australian Air Force (RAAF) to use data analytics to better support the air refuelling boom system used by the service’s A330 multi-role tanker transports. Airbus Defence & Space has...

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Cathay Pacific to raise $869m from convertible bonds due 2026

Cathay Pacific is issuing HK$6.74 billion ($869 million), 2.75% guaranteed convertible bonds due 2026. Cathay Pacific is issuing HK$6.74 billion ($869 million), 2.75% guaranteed convertible bonds due 2026. Details of the bonds were disclosed in a 28 January filing to...

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​Air New Zealand backs Wellington’s biofuel mandate

Flag carrier Air New Zealand is backing the government’s in-principle decision to implement a biofuels mandate aimed at reducing carbon emissions in the transport sector, as part of the country’s goal to reach net-zero carbon emissions by 2050. Flag carrier...

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Boeing KC-46A losses exceed $1.3bn in 2020, biggest annual loss yet

Despite assurances last fall from Boeing’s chief executive that the KC-46A Pegasus in-flight refuelling tanker programme had turned a corner, the aircraft piled another $275 million loss on the company in the fourth quarter of 2020. Despite assurances last fall from Boeing’s...

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Boeing CEO hints ‘mid-market’ aircraft remains on the table

Boeing’s chief executive has hinted that the company might still develop an aircraft similar to the conceptual jet known as the “New Mid-market Airplane”. Boeing’s chief executive has hinted that the company might still develop an aircraft similar to the...

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GKN powers up hydrogen fuel cell development and eyes 2026 service entry

GKN Aerospace has launched the development of a new hydrogen fuel cell powertrain which it believes could enter service in 2026. GKN Aerospace has launched the development of a new hydrogen fuel cell powertrain which it believes could enter service...

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Boeing warns of 787 forward loss charge

Boeing may need to take a forward loss on its 787 programme if it must further trim production or if long-term demand dries up. Boeing may need to take a forward loss on its 787 programme if it must further...

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Aerospace machinist union calls for government aid

The International Association of Machinists and Aerospace Workers (IAM) has called on the government to offer additional assistance to the industry as part of any future Covid-19 relief measure. The International Association of Machinists and Aerospace Workers (IAM) has called...

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IATA urges states to back airlines as outlook darkens

Trade body IATA is warning states will have to dig deeper over the coming months to support struggling airlines as travel restrictions continue to tighten in response to new strains of the Covid virus. Trade body IATA is warning states...

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