SQUAWK

IndiGo posts $160 million loss in Q2 FY2021

IndiGo has posted a loss from operations before exceptional items and tax of Rs11.9 billion ($160 million) for the second quarter of the 2021 fiscal year ended 30 September as it focuses on managing the Covid-19 crisis and looks towards...

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British Airways parent IAG takes €275m charge for staff cuts

IAG has recorded exceptional charges of €275 million ($321 million) in the third quarter relating to staff restructuring at British Airways and Aer Lingus. The parent company says the restructuring corresponds to a reduction of 10,000 in employee numbers, of...

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Leap deliveries more than halved so far this year

Deliveries of CFM International Leap engines more than halved across the first nine months of the year, falling to 622 against 1,316 in the same period a year earlier. French aerospace giant Safran, which is a 50:50 partner in the...

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Mitsubishi imposes ‘temporary pause’ on SpaceJet; certification work continues

Mitsubishi Heavy Industries (MHI) will further trim the budget of its troubled SpaceJet programme and “temporarily pause” most related activities, as it mulls a “possible programme restart”. Releasing its medium-term business plan for its fiscal year 2021-23 fiscal years, MHI...

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MHI confirmed for F-X fighter development

The Japanese Ministry of Defence has signed a contract with Mitsubishi Heavy Industries (MHI) for development of the new F-X fighter. “We have signed a contract with Mitsubishi Heavy Industries,” says the ministry. “In the future, we will steadily proceed...

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Airbus delivers 500th China-built A320 to China Southern

Airbus has delivered the 500th Airbus A320 family aircraft built in its Tianjin plant in China, more than a decade after the Chinese final assembly line began operations. The aircraft, an A320neo registered B-30FX, went to China Southern Airlines. It is...

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Delta and its pilot union reach agreement to avoid furloughs

Delta Air Lines has reached a tentative deal with its pilot union to avoid furloughs at the Atlanta-based carrier until 2022. Delta Air Lines has reached a tentative deal with its pilot union to avoid furloughs at the Atlanta-based carrier...

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Textron Aviation posts Q3 loss but aims to turn profitable in Q4

Textron Aviation lost $29 million in the third-quarter, but executives predict the aircraft manufacturer will regain profitability in the final quarter of 2020. Textron Aviation lost $29 million in the third-quarter, but executives predict the aircraft manufacturer will regain profitability...

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Lockheed Martin to support JASSM-ER launch demonstrations from cargo aircraft

The US Air Force awarded Lockheed Martin a $25 million contract to help with the service’s Palletized Munitions Experimentation Campaign, an effort to test the feasibility of launching cruise missiles from the back of cargo aircraft. The US Air Force...

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Embraer tweets picture of conceptual turboprop, hints at potential design

Embraer has released an image of what appears to be a conceptual turboprop aircraft with a fuselage seemingly borrowed from the company’s E-Jet. Embraer has released images of an apparent conceptual turboprop aircraft with a fuselage seemingly borrowed from the...

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