Coronavirus

Why Honeywell Aerospace’s chief sees a bright future for the industry despite today’s COVID-19 woes.

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.

British lawmakers have expressed concern that the government’s planned Integrated Review of the UK’s defense posture may be further delayed or incomplete when published in November.

BOEING confirmed plans to drop monthly production rates of 787 (from 10 to six) and 777/777X (from five to two) in 2021; it plans gradual increase of

AVOLON posted $41m loss on $504m revenues in 3Q20 vs $161m profit on $651m in 3Q19, and ended quarter with total liquidity of >$5.7b and owned/managed

MTU AERO ENGINES had €16m net income on €908m revenues in 3Q20 vs €125.5m on €1.2b in 3Q19. It has €18.8b backlog.

TEXTRON AVIATION lost $29m on $795m revenues in 3Q20 vs $104m profit on $1.2b in 3Q19; it delivered 25 jets/21 commercial turboprops vs 45/39 a year

AIRBUS had €767m net loss on €11.2b revenues in 3Q20 vs €989m profit on €15.3b in 3Q19. Commercial Aircraft unit lost €591m on €7.7b vs €1.2b profit

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.

Russia’s Aeroflot airline reports it has raised RUB80 billion ($1.02 billion) for its charter capital through a secondary public offering.

Some models, like the Airbus A380, are all but done for good.

When the COVID-19 pandemic hit, Air France was early into a radical fleet shake-up set out by Air France-KLM CEO Ben Smith in November.

What’s next for U.S. Air Force tankers; Ecuador receives H145s; continued F-35 delays; and unmanned teaming for Wildcat.

Since March, private aviation has highlighted the inherent advantages it offers people who need to travel but are unwilling to take the risk of exposure to COVID-19 that comes with flying on a commercial airliner. But how best to identify and address this potential new market?

The Pentagon’s Mobility Capabilities and Requirements Study has been delayed for another three months, but the head of U.S. Transportation Command has provided a sneak peek of the results, disclosing that the assessment may reveal a need for more intratheater airlifters.

With so much going on within the aviation sector we want to know your views on the key topics and stories.

Gulfstream Aerospace delivered 32 aircraft in the third quarter, down from 38 a year ago, although sales activity in the quarter was a “quantum leap” better than in the second quarter, a top official said.

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.

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.

BOEING is anticipating reducing its office footprint by about 30% as it says working virtually is working better than expected.

BOEING GLOBAL SERVICES earned $271m on $3.7b revenues in 3Q20 vs $673m on $4.7b in 3Q19; it secured agreements with GECAS for 11 737-800 freighter

BOEING is assuming $9.1 in liabilities for 737 MAX program; it has to date paid out $3.1b and has another $2.6b in settlements.

Austrian Airlines will cut capacity for the coming winter schedule further to only 20% or less of 2019 levels as the rising number of COVID-19 cases in Europe is expected to dampen any new travel demand.