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...
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...
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...
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...
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...
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...
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...
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...
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...
Spirit Airlines reports lower third-quarter results and is preparing for a significant upturn as leisure travellers look to the end-of-year holidays to begin to alleviate their pent-up demand for cheap, safe travel to visit family and friends. Spirit Airlines has...