Virgin Australia creditors approve airline’s purchase by Bain Capital
Virgin Australia Holdings Ltd’s (VAH.AX) creditors voted on Friday in favour of the purchase of Australia’s second-biggest airline by U.S…. Read More »
Norwegian Air reports 91% traffic fall amid search for more cash
Norwegian Air NORR.OL, which is attempting to secure a second round of financial restructuring, saw a 91% decline in August… Read More »
Brazil’s Embraer says is cutting its workforce by 4.5%, or about 900 jobs
Brazilian planemaker Embraer SA (EMBR3.SA) said on Thursday it is reducing its workforce by 4.5%, or around 900 jobs, as… Read More »
Qatar Airways agrees delivery delays with Airbus, still talking to Boeing
Qatar Airways has struck a deal with Airbus SE (AIR.PA) to delay delivery of airplanes due to the pandemic-induced travel… Read More »
Boeing aims to increase Black employees by 20%, CEO says in memo
Boeing Co (BA.N) is seeking to increase Black U.S. employees throughout the company by 20% and mandate benchmarks for hiring… Read More »
Boeing finds flaws in fuselage of some Dreamliners; eight aircraft affected
Boeing Co (BA.N) said on Friday that some airlines operating its 787 Dreamliners have removed eight jets from service after… Read More »
Canada completes Boeing 737 MAX flight tests, analyzing results: statement
Canada has completed simulator and flight tests of Boeing Co’s (BA.N) 737 MAX jetliner, which was grounded worldwide after two… Read More »
Rolls-Royce self-harms by selling family silver
Rolls-Royce’s plans to flog chunks of the family silver look like self-harm. Although the 2 billion pounds ($2.6 billion) it… Read More »
Air New Zealand to draw on government loan after first annual loss in 18 years
Air New Zealand Ltd (AIR.NZ) plans to draw on a NZ$900 million ($596.34 million) government loan within days to help… Read More »
Boeing, Transport Canada pilots to conduct 737 MAX flight test: source, flightaware data
Pilots from Boeing Co (BA.N) and Transport Canada were set to take off on Wednesday morning on a flight test… Read More »
Virgin Australia’s unsecured creditors to get 9%-13% return under Bain deal
Virgin Australia Holdings Ltd’s (VAH.AX) unsecured creditors will receive an average return of 9%-13% of their funds as part of… Read More »
Finnair to cut up to 1,000 jobs, seeks further savings
Finnish national carrier Finnair (FIA1S.HE) plans to cut up to 1,000 jobs, or about 15% of its workforce, and seek… Read More »
Boeing’s first Starliner crewed mission tentatively slated for 2021
Boeing said on Tuesday it aims to redo its unmanned Starliner crew capsule flight test to the International Space Station… Read More »
Lessor BOC Aviation says airline clients repaying delayed rentals
Most of BOC Aviation’s (BOCA) (2588.HK) airline clients have resumed rental payments, a sign of cautious optimism, after deferring payments… Read More »
Transport Canada to conduct flight test for Boeing 737 MAX next week
Transport Canada plans to conduct flight test activities for the validation of Boeing Co’s (BA.N) grounded 737 MAX next week,… Read More »
Qantas says Australian state border closures hampering recovery, posts $1.4 billion loss
Australia’s Qantas Airways said state border closures were severely hampering a recovery in the domestic aviation market, which, alongside its… Read More »
ISS crew looks for source of small cabin air leak
Three crew members on board the International Space Station will spend the weekend in the vessel’s Russian segment while they… Read More »
Boeing scores year’s first 737 MAX order with Polish airline Enter Air
Boeing Co (BA.N) won its first order for the grounded 737 MAX aircraft this year, after Poland’s Enter Air SA… Read More »
Kuwaiti lessor Alafco delays Airbus orders
Kuwaiti aircraft leasing company Alafco said on Wednesday it has reached an agreement with Airbus (AIR.PA) to delay the delivery… Read More »
Boeing to offer second layoff plan, CEO Calhoun sees smaller market ahead
Boeing said on Monday it would offer employees a voluntary layoff package with pay and benefits for the second time… Read More »
BA jumbo heads to scrapheap as 747 fleet retirement starts
British Airways said the retirement of its jumbo jet fleet will start on Tuesday when the first of its 31… Read More »
Thai Airways shares suspended after auditors decline to sign off on accounts
Thai Airways International Pcl (THAI.BK) shares were suspended by the bourse on Friday after auditors declined to sign off on… Read More »