Safran has reported solid financial results, showing a negative impact from the COVID-19 crisis but underlining intrinsic strengths in the company’s activity against the current backdrop.
The German leisure airline expects the first A330neo to join its fleet in the fall of 2022 and the replacement of its entire widebody to be completed by mid-2024.
The carriers hope the proposed partnership will allow them to grow “aggressively and profitably” across Latin America as passenger demand continues to recover.
MRO provider HAECO Xiamen has completed its first Boeing 737-800SF freighter conversion, handing over the aircraft to lessor BlackRock Aviation Holdings III LP.
The company, which is also currently pursuing Part 23 type certification of the S4 eVTOL aircraft as well as production certification of the assembly line which will manufacture it, is targeting air carrier approval in 2022.
The International Air Transport Association (IATA) announced passenger demand performance for June 2021 showing a very slight improvement in both international and domestic air travel markets. Demand remains significantly below pre-COVID-19 levels owing to international travel restrictions.
The International Air Transport Association (IATA) has released data for global air cargo markets for June showing a 9.9% improvement on pre-COVID-19 performance (June 2019).
The International Air Transport Association (IATA) announced passenger demand performance for June 2021 showing a very slight improvement in both international and domestic air travel markets. Demand remains significantly below pre-COVID-19 levels owing to international travel restrictions.
The International Air Transport Association (IATA) has released data for global air cargo markets for June showing a 9.9% improvement on pre-COVID-19 performance (June 2019).
Airbus is insisting that its planned production rate increases are strongly supported by customer demand and needs more buy-in from a supply chain reluctant to come in fully behind the expansion.
Demand for more than 60 Airbus A320neo family aircraft per month is doubtful and the supply chain has yet to prove it could accommodate a production ramp-up beyond that level, according to Safran CEO Olivier Andries.
An uptick in commercial activity helped Boeing Global Services (BGS) boost revenues 10% sequentially last quarter and has the company bullish on short-term aftermarket prospects as travel demand continues to rise in key markets.
Boeing could accept more risk with its supply chain as it seeks to ramp up 737 MAX narrowbody production quickly in 2022, and it will hold its own workforce at roughly 140,000 employees, company leaders said.
Airlines are struggling to get adequate supplies of jet fuel at small and mid-size airports across the western U.S., as a lack of available pipeline space and trucking capacity for fuel shipments coincides with a surge in domestic travel demand.
Boeing’s plan to double 737 MAX production by early 2022 hinges on China’s approval to unground the model—a move the company expects to happen by year-end despite trade tensions that are threatening to overshadow safety issues, company executives said.
