SQUAWK

Airborne-Unmanned 10.28.20: RAAF UAV, Dufour eVTOL, OSIRIS-REx!

Also: 2020 MultiGP Championships, Honeywell Partners W/Pipistrel, AMA Leads DAC Group, uAvionix TSO The Boeing Loyal Wingman aircraft being developed with the Royal Australian Air Force (RAAF) recently moved under its own power for the first time, a key milestone...

Continue Reading  

‘Debates remain’ with government on bailout deal: KLM chief

KLM chief executive Pieter Elbers says the carrier is continuing discussions with the Dutch government over the approval of its bailout deal, amid reports that the airline’s proposals have been rejected. KLM chief executive Pieter Elbers insists the carrier is continuing discussions with the Dutch...

Continue Reading  

IAG looks to seal restructuring agreement with BA cargo operation

IAG is turning to attention to securing personnel agreements with British Airways’ freight-handling operation, in order to round off its cost-saving and restructuring measures. Chief executive Luis Gallego, speaking during a third-quarter briefing, said that the company had achieved substantial...

Continue Reading  

Comair restart hopes boosted by competition commission backing

Comair’s efforts to resume operations have been bolstered after competition regulators backed a consortium’s proposed bid to acquire the South African carrier from business rescue. Comair’s efforts to resume operations have been bolstered after competition regulators backed a consortium’s proposed bid to...

Continue Reading  

Safran targets 2024 for Leap delivery rebound

Safran is hopeful that deliveries of CFM International Leap engines can return to 2019 levels by 2024, although it stresses that this hinges on the ramp-up of the Boeing 737 Max. Safran is hopeful that deliveries of CFM International Leap...

Continue Reading  

Air France-KLM laments fresh lockdown as Q3 loss tops €1bn

The new lockdown imposed by the French government amid rising cases of coronavirus across the region will weigh on Air France-KLM’s performance through the fourth quarter of this year. The new lockdown imposed by the French government amid rising cases...

Continue Reading  

Sonaca to develop airframe for VoltAero Cassio hybrid

Belgian aerostructures manufacturer will transition dual-powered concept into production-ready aircraft, says start-up. Belgian aerostructures manufacturer Sonaca is to develop and build the airframe for VoltAero’s Cassio hybrid-electric aircraft. Under the terms of an agreement with the French start-up announced today,...

Continue Reading  

Indian govt sweetens Air India sale terms, extends bid deadline

The Indian government has changed the rules for the Air India bidding process and again extended the timeline, hoping to garner more interest in a sale of the carrier. The government is now inviting bids at enterprise value, on an...

Continue Reading  

JAL to reduce 777 fleet amid swing to steep first-half loss

Japan Airlines will retire up to 24 of its Boeing 777 aircraft over the next three years, as it battles the coronavirus crisis that saw it rack up significant losses for its half-yearly results. Elaborating on its future fleet plans,...

Continue Reading  

IndiGo will continue to honour all lease payments: CFO

IndiGo will continue to honour all of its lease rental payments to lessors and has not been delaying any payments, the carrier’s chief financial officer said in a 29 October earnings call. “We are current on all our lease costs...

Continue Reading