SQUAWK

Boeing trims 787 production again, as undelivered inventory climbs

Boeing has cut its planned 2021 787 production from six to five jets monthly in response to the long-haul air travel sector’s lack of recovery. Boeing has cut its planned 2021 787 production from six to five jets monthly in...

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DARPA’s CODE autonomously flies General Atomics’ Avenger UAV

A General Atomics Aeronautical System’s Avenger unmanned air vehicle (UAV) was recently autonomously flown by an artificially intelligent software programme developed by the Defense Advanced Research Projects Agency (DARPA). A General Atomics Aeronautical System’s Avenger unmanned air vehicle (UAV) was...

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Opportunistic Wizz eyes UK leisure market chance

Wizz Air’s move to launch leisure routes from Cardiff airport next summer marks a further demonstration of how its UK unit is pivoting to take advantage of opportunities that have emerged in the past year. Wizz Air’s move to launch leisure...

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US airlines hike Q4 cash burn estimates

US airlines are warning that exploding coronavirus case counts across the country have sparked a new wave of cancellations which will negatively affect their business in the current quarter, including expectations of higher-than-previously-forecasted cash burn. US airlines are warning that...

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Norwegian tests debt-for-equity appetite again in bid for funding

Scandinavian budget airline Norwegian is again proposing a debt-for-equity conversion as part of an effort to raise funding, just six months after persuading creditors to sign up to a similar scheme. Norwegian says it will request “significant equitisation” of debt...

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Ryanair cements Italian presence with Venice Treviso base

Low-cost carrier Ryanair is to open a base at Venice Treviso airport in March, the airline’s 15th in Italy. Ryanair will base two aircraft there from 30 March, adding 18 new routes from the airport in the process. That will take...

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Joint bidders interrupt Israir sale with late acquisition offer

Investment bank Wadiah Capital is attempting a belated entry into the contest to acquire Israeli carrier Israir, submitting a joint offer with Australia Aviation Amrock. The companies have put forward a proposal for a joint acquisition through a 51:49 venture...

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ANN’s Daily Aero-Term (12.02.20): Feathered Propeller

Feathered Propeller A propeller whose blades have been rotated so that the leading and trailing edges are nearly parallel with the aircraft flight path to stop or minimize drag and engine rotation. Normally used to indicate shutdown of a reciprocating...

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Singapore’s Kelley Aerospace sets sights on supersonic UAV and business jet markets

Singapore-based aerospace company Kelley Aerospace has its sights set on the supersonic air transport, with the rollout of two in-development concepts in business aviation and unmanned aerial vehicles (UAV).  Singapore-based aerospace company Kelley Aerospace has its sights set on the...

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Alliance Aviation expects better H2 earnings on charter ops

Alliance Aviation expects to report a A$26 million ($19 million) underlying profit before tax for the July to December period, attributing it to robust contract and charter operations in the resource sector. This compares with A$15.5 million in the year-ago...

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