SQUAWK

​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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Boeing to resume 787 deliveries no sooner than February

Boeing’s pause on 787 deliveries will continue until at least February, when the company expects to resume 787 deliveries following a several-month hiatus. Boeing’s pause on 787 deliveries will continue until at least February, when the company expects to resume...

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Ukraine seeks to ban overflights by Pobeda and other Russian carriers

Ukraine’s government has approved a proposal to sanction 13 Russian companies, including several airlines which will face a three-year ban on overflying Ukrainian territory. The measure is continuing evidence of the political tensions between the two countries whose relationship deteriorated...

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Boeing trims 777X production quantity expectation by 50 jets

Boeing has reduced the number of 777X it expects to produce over the life of that aircraft programme from 400 to 350 aircraft – a 12.5% cut. Boeing has reduced the number of 777X it expects to produce over the...

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