May 10, 2020 5:00 pm ET
May 9, 2020 4:57 pm ET
May 9, 2020 1:32 pm ET -
A Week of Positives for an Ailing Airline Industry
The airline industry has ailed in pain for the last several months because of a virtually unprecedented downturn in travel demand due to the COVID-19 pandemic. Airlines across the globe have been reporting multi-billion dollar losses and load factors in…
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 8, 2020 11:41 am ET -
Lufthansa Group to Restart Flights to 106 Destinations in June
Lufthansa, Eurowings and Swiss Air Lines will restart a number of services to domestic and European destinations from June after seeing a growing interest in air travel by its passengers. The Lufthansa Group, the parent company of those three airlines…
May 8, 2020 9:10 am ET -
IAG Signal ‘Meaningful Return’ to Service in July; Post Q1…
International Airlines Group (IAG), the parent company of British Airways, has announced a first-quarter (Q1) loss for 2020 of €535 million ($579 million). This compares with an operating profit of €135 million ($146 million) for the same period last year.…
May 8, 2020 6:19 am ET -
Airbus Moves a Step Closer Towards Technology for Safer Skies
Airbus has announced that it has made a step forward in co-developing a solution for air travel security operations. In partnership with Koniku Inc., the European Aerospace consortium has begun researching into the capability to detect biological hazards, as well…