Aviation Daily Roundup: Mar. 17, 2021

March 18, 2021

Daily Memo: ATR Plans For Slow Rebound After Depressed Demand

Credit: ATR

ATR’s earlier hopes that regional turboprops would spearhead the recovery have yet to materialize, and management now only expects a slight upturn this year on the extremely slow sales it reported for 2020.

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U.S. Airlines Recalled 26K Employees After PSP Extension

Credit: Rob Finlayson

WASHINGTON—U.S. passenger airlines recalled approximately 26,000 full-time employees after Congress extended the payroll support program (PSP) in December 2020, new data from the Bureau of Transportation Statistics (BTS) reveals.

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Aerospace Manufacturing Gets UK Government Funding Boost

Credit: GKN Aerospace

High-rate composites manufacturing technology for the aerospace, automotive and air mobility industries is at the heart of a £90 million ($125 million) UK government-industry investment in five research and development projects.

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Sun Country Raises $218M From Nasdaq IPO

Credit: Joe Pries

Sun Country Airlines raised $218 million from its initial public offering (IPO) on the Nasdaq, as investors bet on a rebound in leisure travel demand.

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Ghanaian Government Gives Go-Ahead For New National Carrier

Credit: Boeing

Ghana’s government has given formal approval for the establishment of a new national airline.

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European Commission Approves Finnair Aid

Credit: Rob Finlayson

The European Commission (EC) has approved a state loan to another European flag-carrier as a result of the coronavirus pandemic wreaking havoc on airline finances.

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UK Launches SAF Competition To Develop Waste-To-Fuel Plants

Credit: UK Department of Transport

The UK government has launched a competition for up to £15 million ($20 million) in grant funding to spur the development of sustainable aviation fuel (SAF).

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British Lessor To Help Fund New Hybrid Electric Regional Airliner

Credit: Electric Aviation Group (EAG)

LONDON—UK lessor Falko Regional Aircraft is participating in the development of Electric Aviation Group’s (EAG) hybrid-powered regional airliner.

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European Commission Proposes COVID-19 Digital Pass

Credit: Dublin Airport

The European Commission (EC) has put forward a plan for a Digital Green Certificate to provide proof of a passenger’s COVID-19 health status, with the aim of facilitating a travel recovery within the EU.  

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As ATR plans for a slow rebound after depressed demand to aerospace manufacturing getting UK government funding boosts and the EC proposes COVID-19 digital passes. Take a look at the daily roundup of air transport news. 

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