Grounded airliners insured for more than $160 billion
Airliners with a total insured value of more than $160 billion are grounded around the world, presenting risks for insurers,… Read More »
Rolls-Royce scraps targets and dividend
Rolls-Royce is scrapping its targets and final dividend to shore up its finances as the British aero-engine maker’s customers around… Read More »
Africa’s largest airline is starting to furlough workers
Africa’s biggest airline, Ethiopian Airlines, has started to furlough workers, including crew members in response to the devastating impact of… Read More »
Virgin Orbit selects Japanese airport as launch site
Virgin Orbit said it will carry out a technical study with Oita Airport in Japan to confirm the airport’s feasibility… Read More »
General Electric plans to furlough about half their workforce
General Electric reportedly plans to furlough about half of the workers in its massive aircraft-engine manufacturing unit for up to… Read More »
Airline industry braces for lengthy recovery from coronavirus crisis
International seat capacity has dropped by almost 80% from a year ago and half the world’s airplanes are in storage,… Read More »
US carriers race to shrink fleets as nearly 400 near-term aircraft deliveries loom
The speed at which a handful of US passenger airlines bounce back from the coronavirus pandemic will to a large… Read More »
Proposed US legislation aims to restore faith in aircraft certification
US senators have introduced a bill to Congress intended to reinforce safety and oversight, particularly with regards to certification, in… Read More »