Troubled Hainan Airlines managed to get back into the black for fiscal 2019, posting a net profit of CNY543 million ($77 million) as it was kept afloat by a series of asset disposals.
Airbus A220 operators are being urged to monitor Pratt & Whitney PW1500G low-pressure compressor (LPC) operating performance following a mandated upgrade to full authority digital electronic control (FADEC) to prevent compressor stalls.
Boeing on April 30 filed regulatory notice that it could raise an undetermined amount of new debt financing through newly issued bonds, coming a day after the company’s chief executive outlined a grim outlook, albeit better than feared by the marketplace.
American Airlines is seizing on the downturn posed by the COVID-19 pandemic to streamline its fleet structure, announcing plans to retire five separate fleet types spanning 99 airliners.
Months into the coronavirus pandemic, most Americans no doubt have become accustomed—even comfortable with—wearing face masks in public settings such as grocery stores.
Tier-1 aerospace and defense systems and equipment supplier Safran is conducting a strong response to the pandemic’s consequences, in a bid to maintain financial balance.
Three more U.S. carriers announced plans to require all passengers wear face coverings in the cabin, as calls in the U.S. Congress for a national policy gathered steam in light of the continued COVID-19 pandemic.
LYON, France—As carriers gradually restart operations over the coming months and implement new health protection measures, passenger experience will change at airports as well as in flight, and some alterations might be permanent, say commercial air transport experts.
At least 20 entities are interested in bidding for Virgin Australia and the administrator for the airline expects the sale process to be completed by the end of June.
France’s economy minister has told Air France to drastically reduce its emissions in return for the €7 billion ($7.6 billion) in loans the French state has promised the Air France-KLM group to help it survive the COVID-19 crisis.
Lufthansa subsidiary Austrian Airlines said April 29 that it needs €767 million ($833 million) in financial assistance from the state to survive the COVID-19 crisis.
Welcome to Routes’ look at how the Asia-Pacific aviation market is responding to the COVID-19 coronavirus pandemic, helping you understand the schedule changes and manage the impact so we can navigate through this crisis together.
Finnair will continue operating its current minimum network and keep most aircraft grounded through June after reporting heavy losses for the first quarter (Q1) because of the coronavirus crisis.
Deutsche Regional Aircraft, the company behind the planned production restart of the Dornier 328 turboprop regional airliner, has hinted the latest version could introduce new propulsion technologies.
China’s big three state-owned carriers Air China, China Southern Airlines and China Eastern Airlines have recorded a cumulative loss of CNY14 billion ($2 billion) for Q1 2020 as the COVID-19 pandemic brought the Chinese aviation industry to a standstill.
Boeing is acknowledging that changes to the 737 MAX will not earn FAA approval until after mid-year at least, with both the return-to-service timing and broader macroeconomic landscape driving how quickly production rates increase.
Boeing still is negotiating with the Trump administration over receiving U.S. bailout funds, but company leaders believe they can maintain investor-grade ratings and see a sustainable financial path to when its commercial aircraft business returns to growth in 3-5 years.
