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Magazine Issue

Aviation Daily, January 8, 2021

VOL. 423 NO. 5 January 08, 2021
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Airframers

Boeing 737 MAX departing
article

Boeing Agrees To $2.5 Billion Settlement Over 737 MAX Fraud Probe

Jan 07, 2021
Boeing has reached an agreement exceeding $2.5 billion with the U.S. Justice Department (DOJ) to settle criminal charges that two of its employees defrauded the FAA’s Aircraft Evaluation Group (AEG) about safety issues connected to two fatal 737 MAX accidents.

The Daily Memo

Latecoere
article

Daily Memo: French Industry Strives To Avoid Layoffs

Jan 07, 2021
A recovery is expected to start this year but the French aerospace industry is still in the middle of its endeavor to save jobs and skills, showing solidarity and exploiting state aid programs.

Regulatory/Legislative

DOT secretary Elaine Chao
article

DOT Secretary Chao, 'Deeply Troubled' By Trump Protest, Resigns

Jan 07, 2021
The U.S. political crisis spilled into the U.S. Transportation Department (DOT) Thursday when DOT secretary Elaine Chao became the first cabinet official to resign in response to the mob invasion of the Capitol building by President Donald Trump supporters on Jan. 6.
Ethiopian Airlines cargo
article

African Free Trade Area Goes Live; Full Ratification Remains A Goal

Jan 05, 2021
Ethiopian Airlines, DHL and African Electronic Trade Group (AeTrade Group) were among the first companies to transport cargo under the new African Continental Free Trade Area (AfCFTA), which became operational on Jan. 1.

Airlines

787-8
article

Norwegian Operating Nine Aircraft As Restructuring Moves Ahead

Jan 07, 2021
Norwegian Air Shuttle said it was operating nine aircraft after “positive” Christmas bookings, representing a small improvement in its activities from the six aircraft it had been operating in previous weeks.
AirAsia
article

Tata Boosts Airline Portfolio With Larger AirAsia India Stake

Jan 06, 2021
The Tata group’s purchase of a larger holding in joint venture AirAsia India (AAI) could help spur consolidation in the Indian airline industry as it rebounds from the COVID-19 crisis.
MAB
article

Malaysia Airlines Says Restructuring Process Is Nearly Complete

Jan 07, 2021
Malaysia Airlines appears to be inching closer to gaining approval from creditors for its sweeping debt restructuring plan.
Air Serbia ATR 72
article

Air Serbia Recapitalization Hefts State Share, Dilutes Etihad Stake

Jan 04, 2021
The Serbian government has increased its stake in Air Serbia to 82%, more than halving Etihad Airways’ shareholding to just 18%.
T'way
article

South Korea’s T’Way Aims For Longer International Routes With A330s

Jan 06, 2021
South Korean LCC T’Way Air has confirmed plans to add Airbus A330s to its fleet late in 2022, allowing it to extend its network reach.

Fuel Watch

MRO

Heico part
article

Lessors Warming Up To Alternative Parts, Heico Says

Dec 23, 2020
Heico is gaining ground with lessors as they embrace more cost-friendly options for cash-strapped airlines, the OEM-alternative-parts specialist reports.