May 20, 2020 12:11 pm ET
Planes
May 13, 2020 12:20 am ET -
Qatar Airways Plans to Reduce Fleet by 25 Percent
Air travel has been greatly impacted by the coronavirus pandemic and aircraft are gradually becoming airborne again after months of hiatus and uncertainty caused by the COVID-19 crisis. Qatar Airways CEO Akbar Al Baker may share the same idea but…
May 12, 2020 8:00 am ET -
ATR CEO Sees Production Cuts on the Horizon
Following the lead of other major manufacturers in the aviation sector, Franco-Italian aircraft builder ATR has started laying the groundwork for its own slowdown of construction of new planes as the coronavirus continues to plague the industry. The aircraft manufacturer’s…
May 10, 2020 5:00 pm ET -
Looking Forward: Embraer’s Uncertainty Continues Weeks After Boeing Fallout
Last month it was reported that the deal between Boeing and Embraer had fallen apart. It wasn’t a tiny agreement, but rather a huge joint venture worth over $4 billion. The venture was a strategic play by Boeing and Embraer…
May 9, 2020 4:15 am ET -
Mitsubishi and Bombardier to Close CRJ Deal in June
Mitsubishi Heavy Industries and Bombardier announced on Thursday that they will close their deal for the CRJ aircraft series on June 1. Bombardier is selling the line to Mitsubishi for $500 million whilst Mitsubishi will assume liabilities worth $200 million.…
May 7, 2020 5:00 am ET -
American Will Not Fly Its A330s Until 2022
In an internal memo to employees, American Airlines announced that it will move its Airbus A330-200 fleet into long-term storage until at least 2022 as demand for flights has plummeted, making the jet’s operation too costly on both long-haul and…