The South African government has agreed to provide another cash bailout for debt-ridden South African Airways (SAA), funding the carrier’s revival as a new national airline.
Textron Aviation is expected to return to profitability in the fourth quarter after an “encouraging” recovery in orders for business aircraft, Textron CEO Scott Donnelly said on an Oct. 29 third-quarter results call with analysts.
The European Commission (EC) has pledged to develop a coordinated testing protocol for travelers, starting with aviation, as part of broader measures aimed at helping Europe better face up to the crisis.
Dubai-based LCC flydubai has expanded its network to 44 destinations worldwide, and further frequency increases are planned as demand continues to grow.
Ryanair will suspend operations from Irish airports with the exception of Dublin (DUB) for four weeks starting Nov. 14 due to COVID-19 restrictions there.
Singapore is taking further steps to stimulate international inbound visitor demand, allowing travelers from mainland China and the Australian state of Victoria to enter without undergoing 14-day quarantines starting Nov. 6.
Chinese private carrier Air Travel has grown to serving eight destinations from its new home province, moving into the increasingly fierce competition in central China to expand commercial aviation industries.
Boeing plans to cut its workforce by almost 19% by the end of 2021 and is beginning a consolidation process that could see up to a 30% cut in the company’s footprint, Boeing said Oct. 28 while discussing third-quarter results.
Finnair has increased its cost-savings target by a further €40 million and is in talks with Airbus to defer delivery of its three remaining Airbus A350s on order.
Boeing will cut more jobs and ramp up its cash-preservation strategy as it continues to streamline operations and minimize financial damage exacerbated by the global airline downturn, company executives said Oct. 28.
U.S. carriers have retired hundreds of jets ahead of schedule due to the global slump in commercial air travel caused by the COVID-19 pandemic. But how are they utilizing those aircraft that remain, and which models have lost favor in their revamped fleets? A deep dive into Aviation Week Fleet Discovery data offers some clues.
Boeing is sticking to its earlier announced plans to slash widebody production rates by 50% by 2021 while simultaneously hoping to gradually restore 737 production to 31 per month by the start of 2022.
