SQUAWK

HSBC slashes first-half outlook for Europe’s carriers

Prospects for Europe’s airlines in the first quarter of 2021 have deteriorated notably in recent weeks, but bank HSBC expects intra-European and possibly transatlantic passenger numbers to bounce back for the summer season. Prospects for Europe’s airlines in the first...

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What does Norwegian exit mean for long-haul, low-cost adventure?

Norwegian is ditching the long-haul, low-cost model it pioneered over the past decade, but will the carrier’s legacy be a longer lasting impact on the transatlantic market? News that struggling low-cost carrier Norwegian plans to drop its long-haul activity and...

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MC-21 suffers runway excursion during simulated single-engine failure

One of the flight-test Irkut MC-21-300s has been involved in a runway excursion at Moscow Zhukovsky during an exercise simulating single-engine failure. Images from the scene show that aircraft 73051 – the first example of the aircraft to fly –...

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EASA outlines tighter regulations for over-water helicopter operations

European regulators are proposing to tighten rules for helicopters that are operated over water for extended periods in order to speed the uptake of the latest safety standards. European regulators are proposing to tighten rules for helicopters that are operated...

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Egyptian AW149 fleet grows with late 2020 deliveries

Egypt is quietly building up its fleet of Leonardo Helicopters AW149s, having now taken delivery of five of an eventual 24 of the super-medium-twins from a 2019 order worth €871 million ($1 billion). Egypt is quietly building up its fleet...

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Virgin Australia shakes up management team under new chief

Virgin Australia has announced six appointments to its 10-member executive leadership team, under new chief executive Jayne Hrdlicka. Virgin Australia has announced six appointments to its 10-member executive leadership team, under new chief executive Jayne Hrdlicka. “Several of the new appointments...

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Budget airline Pobeda proves resilient as Russian full-year traffic halves

Russian airlines’ passenger traffic halved over the course of last year, official figures from the federal air transport regulator show. Rosaviatsia states that overall traffic was down by 52% with passenger numbers down 46% to 69.2 million. But the fall...

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South Korea’s Eastar Jet files for court receivership: reports

South Korea’s Eastar Jet has filed for court receivership as a means to restructure, according to local media reports. South Korea’s Eastar Jet has filed for court receivership as a means to restructure, according to local media reports. The privately...

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ST Engineering clinches five-year cargo MRO contract

ST Engineering has signed a five-year airframe heavy maintenance contract with an unnamed air cargo carrier. ST Engineering has signed a five-year airframe heavy maintenance contract with an unnamed air cargo carrier. Under the agreement, ST Engineering will provide heavy...

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Virgin Orbit successfully launches rocket from 747-400

Virgin Orbit has successfully lofted its LauncherOne rocket into space after launching it from a Boeing 747-400. Virgin Orbit has successfully lofted its LauncherOne rocket into space after launching it from a Boeing 747-400. After reaching space, the vehicle deployed...

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