Troubled Hainan Airlines managed to get back into the black for fiscal 2019, posting a net profit of CNY543 million ($77 million) as it was kept afloat by a series of asset disposals.
NetJets has cut a quarter of its staff at two divisions and revised downward the number of aircraft it plans to accept in 2020 as the company restructures its business in response to the COVID-19 crisis.
Textron Aviation posted a drop in deliveries, profit and revenue during the first quarter of 2020 as deliveries were delayed and demand declined due to the COVID-19 pandemic and a December plant accident that disrupted composite production.
The Pentagon is employing new ways to track and funnel dollars to small- and medium-sized aviation suppliers hit hard by a drop-off in their commercial business since the novel coronavirus took hold.
American Airlines is seizing on the downturn posed by the COVID-19 pandemic to streamline its fleet structure, announcing plans to retire five separate fleet types spanning 99 airliners.
Teams led by Blue Origin, Dynetics and SpaceX will receive nearly $1 billion in NASA funding to hone designs and development plans for lunar landing systems to carry a pair of U.S. astronauts to the Moon’s surface in 2024, a time frame the agency is sticking with despite economic and social upheavals caused by the coronavirus COVID-19 pandemic.
Months into the coronavirus pandemic, most Americans no doubt have become accustomed—even comfortable with—wearing face masks in public settings such as grocery stores.
Tier-1 aerospace and defense systems and equipment supplier Safran is conducting a strong response to the pandemic’s consequences, in a bid to maintain financial balance.
A $707 million contract for F110 engines awarded April 28 to GE Aviation was expedited to help provide relief to a U.S. propulsion industry badly hit by the COVID-19 pandemic, U.S. Air Force acquisition chief Will Roper said.
Three more U.S. carriers announced plans to require all passengers wear face coverings in the cabin, as calls in the U.S. Congress for a national policy gathered steam in light of the continued COVID-19 pandemic.
LYON, France—As carriers gradually restart operations over the coming months and implement new health protection measures, passenger experience will change at airports as well as in flight, and some alterations might be permanent, say commercial air transport experts.
The FAA, responding to urgent calls from business and general aviation stakeholders, has provided relief from a number of licensing and training requirements that threatened to ground operators unable to perform normally routine renewals due to the novel coronavirus pandemic.
At least 20 entities are interested in bidding for Virgin Australia and the administrator for the airline expects the sale process to be completed by the end of June.
Two companies have joined forces to spark a pair of competitions for teams of 9th- through 12th-grade students to design and assemble race cars for the Moon.
