Safran is projecting a 50% decline in commercial engine aftermarket revenues in 2020, but cautions that airline balance sheets, closely linked to air travel demand, will have significant influence on how quickly the lucrative segment recovers.
Auckland International Airport (AKL) is dividing its international terminal into two zones so it can separate passengers when quarantine-free travel bubbles are established.
Japan Airlines (JAL) plans a significant cost-cutting campaign to offset the effects of the COVID-19 crisis, and the carrier has signaled this will include aircraft delivery deferrals.
Compared to the $84 billion airlines globally are projected by IATA to lose in 2020, Vietjet said its losses were “modest” as it awaits a potential aid package from the state.
Pratt & Whitney will retrench around 400 jobs—or 20%—of its 2,000 employees in Singapore as demand for engine-related MRO has disappeared amid the COVID-19 pandemic.
An Aviation Week panel sees significant changes coming in global military aircraft procurement over the next several years, as countries battered by the biggest global economic contraction since World War II look to simultaneously scale back defense spending and prop up their indigenous industries.
U.S. ULCCs capitalized on a modest rebound in domestic air travel demand during the 2020 second quarter (Q2), but sentiment has soured as top leisure destinations became COVID-19 hotspots in recent weeks.
