Lufthansa saved from collapse with government aid package
Lufthansa looks set to have avoided bankruptcy by drawing on a €9 billion aid package from the German government after… Read More »
Boeing in scramble to shore up 737 MAX financing
Boeing is scrambling to shore up financing for the 737 MAX as it awaits regulatory approval for design changes after… Read More »
Rolls-Royce burns through 3 billion pounds, expects more cash outflows
Aerospace engineer Rolls-Royce (RR.L) burned through 3 billion pounds ($3.8 billion) in the first half as the hours flown by… Read More »
BOC Aviation cancels 30 Boeing 737 MAX but backs grounded jet
Aircraft leasing company BOC Aviation (2588.HK) said on Tuesday it had canceled an order for 30 Boeing (BA.N) 737 MAX… Read More »
Spirit AeroSystems asks lenders for relief after deeper Boeing 737 production cut
Spirit AeroSystems Holdings, Boeing’s largest supplier, said on Monday it was seeking relief from its lenders as its finances are… Read More »
Avis Budget Group Names New Chief Executive Officer
Avis Budget Group, Inc. announced that its Board of Directors has appointed Joe Ferraro, who has been serving as interim… Read More »
Lufthansa says up to 26,000 employees at risk of losing jobs
Lufthansa admitted on Wednesday that the positions of up to 26,000 employees are surplus to requirements, suggesting many more jobs… Read More »
France announces $16.9 billion in aid for aviation industry
France’s government is pumping 15 billion euros ($16.9 billion) in rescue money into the pandemic-battered aerospace industry, in hopes of… Read More »