SQUAWK

Finance minister castigated as state bails out SAA

South African Airways is to be allocated R10.5 billion ($642 million) to implement its business rescue plan, the country’s finance minister has disclosed in a speech to parliament. Tito Mboweni outlined the funding in a medium-term budget policy statement on...

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Oklahoma City, American Red Cross open warming center Wednesday at Cox Convention Center

The City of Oklahoma City and the American Red Cross of Central & Southwest Oklahoma are opening a warming center for those in dire need on Wednesday at the Cox Convention Center. The warming center is open 10 a.m. to...

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‘Risk must be rebalanced’ across industry: LOT operations chief

Suppliers such as aircraft manufacturers, lessors and MRO providers must make a greater contribution to shouldering the financial risk borne by airlines amid the air transport crisis, in the view of LOT chief operating officer Maciej Wilk. Suppliers such as aircraft manufacturers,...

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Boeing sees nine-month losses balloon to $3.5 billion

Boeing lost $466 million in the third quarter of 2020, bringing the company’s losses in the first nine months of 2020 to $3.5 billion. Boeing lost $466 million in the third quarter of 2020, bringing the company’s losses in the...

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Third-quarter profits tumble at GE Aviation on sliding engine sales and aftermarket work

GE Aviation saw third-quarter operating profit plunge by 79% year on year, to $356 million, amid tumbling demand for aircraft engines and aftermarket services. GE Aviation saw third-quarter operating profit plunge by 79% year on year, to $356 million, amid...

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Boeing aims for nearly 20% staff cuts by end-2021

Boeing anticipates finishing 2021 with 130,000 employees, roughly 19% fewer than the 161,100 it had in 2019. Boeing anticipates ending 2021 with 130,000 employees, roughly 19% fewer than the 161,100 staff the company had at the end of 2019. Previously,...

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Small aircraft carriers pick up steam in Asia-Pacific

South Korea and Japan continue to progress their plans for small aircraft carriers, while the Singapore air force has operated Boeing CH-47Ds to the HMAS Adelaide. A key element of South Korea’s defence posture in the 2030s will be a...

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Airborne-Flight Training 10.21.20: CAP — USAF, IMC Club, Online Upset Training

Also: Second Amendment to SFAR 118, West Houston Airport, Space Test Fundamentals, Adversary Training We have a packed episode today filled with the latest news in flight training, so let's start with CAP Helping Train the next generation of Air...

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Airborne 10.26.20: Fifth G700, Harrison Ford, Citation CJ Repairs

Also: 1st US-Assembled A220, Sporty's Intro's New LTF Course, Capt. Judy Cameron Scholarship, Loyal Wingman 1st Taxi Gulfstream's fifth G700 flight-test aircraft has taken flight, just three weeks after the fourth G700 flew for the first time. Gulfstream president Mark...

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Klyde Morris (10.26.20)

Klyde Is Aware That Even The Space Program Is Beholden To The Whims Of Cyberspace... FMI: www.klydemorris.com

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