The first half of 2020 has been brutal for the aerospace and defense (A&D) sector, and increasingly industry insiders and outside investors are trying to figure out what it means for longer-term prospects.
New projections from IATA indicate steeper drops in demand, revenue and staff numbers than previously estimated for some of the key Asia-Pacific airline markets this year.
Citing the COVID-19 impact and the Filipino government’s inflexibility, a consortium of six companies has dropped a PHP102 billion ($2 billion) proposal to upgrade and then operate Manila Ninoy Aquino International Airport (MNL).
The Civil Aviation Administration of China (CAAC) has reiterated to Shanghai its general requirement that passenger aircraft arriving from abroad must be no more than 75% full.
American Airlines and United Airlines both suspended flights to Hong Kong International Airport (HKG), citing concern about a strict new COVID-19 testing protocol for international arrivals.
The Pentagon awarded $13.4 million under Defense Production Act Title III as an investment in the U.S. small unmanned aircraft system (sUAS) industrial base.
Breeze Aviation, modifying its start-up plans in part because of the novel coronavirus pandemic, now plans to launch with six months of charter operations starting in October and has cut a deal with defunct operator Compass Airlines to obtain its operating certificate.
Dassault Aviation’s Falcon 6X large, long-range business jet remains on schedule, despite challenges from the novel coronavirus pandemic, with first flight planned for early 2021, the company says.
The COVID-19 pandemic that forced the National Business Aviation Association to cancel its annual 2020 Business Aviation Conference and Exhibition is the latest in a series of event terminations this year for the organization that potentially involve millions of dollars in lost revenue.
Two of Brazil’s major airlines continue to add back capacity despite the rise of COVID-19 cases in the country and Brazilian president Jair Bolsonaro’s positive diagnosis for the novel coronavirus.
United Airlines and its pilot union reached two tentative agreements related to early retirement and voluntary leave packages, as the two sides look to limit the scope of involuntary furloughs this fall.
Japan Airlines (JAL) continues to see rapid growth in domestic demand, allowing the airline to restore its domestic network more quickly than expected.
Austrian Airlines plans to ramp-up operations from its current 20% level of 2019 flying to almost 40% by the end of October, although the carrier’s chief commercial officer said passenger demand is not easy to estimate.
The COVID-19 crisis has not stopped Japan Airlines (JAL) and Malaysia Airlines Berhad (MAB) from launching their long-planned partnership on routes between their home countries.
French leisure airline Corsair is evaluating the launch of long-haul flights from Germany, provided negotiations with potential new shareholders have been completed successfully.
