Industry’s push to get revised training standards for U.S. mechanic educational programs received a boost in the recent stimulus bill, as Congress included language that calls on the FAA to issue a new rule by midyear.
The board of Vietnam Airlines has approved a proposal for the flag carrier to issue VND8 trillion ($346 million) worth of new shares to tide it over for 2021.
Airlines For America (A4A) is urging the U.S. government to expand required testing of international airline travelers for COVID-19 and lessen restrictions on travel between the U.S. and foreign destinations.
France plans a recapitalization for Air France-KLM to help it face up to the post-COVID-19 operating environment, transport minister Jean-Baptiste Djebbari said Jan. 3.
Canada is adding another layer onto its travel restrictions through a requirement that all travelers entering the country must present a negative COVID-19 test while maintaining a mandatory 14-day quarantine.
European air traffic is set to return to just 51% of 2019 levels in 2021 according to the latest forecast by the continent’s network manager Eurocontrol, highlighting the challenges European airlines face as the new year gets underway.
The publicly traded aerospace and defense (A&D) sector saw its share prices fall 16% collectively in 2020, with commercial aerospace companies plummeting 21% and defense companies dropping 8%, according to Vertical Research Partners.
Wizz Air Abu Dhabi, a joint venture between the Hungarian ULCC and Abu Dhabi state holding company ADQ, will begin operations later this month with flights from the emirate to Athens.
