Air Transport

Irkut Corporation rolled out the first MC-21 prototype powered by Russian PD-14 turbofan engines in Irkutsk, Siberia, on Nov. 6, parent United Aircraft Corporation reported Nov. 10.

Lufthansa Cargo is examining whether to add more Boeing 777Fs to its fleet as global demand for air freight remains strong.

CDB AVIATION has issued US$500m of senior unsecured notes to fund CAPEX, debt refinancing, working capital, etc.

Norwegian Air Shuttle plans to further cut capacity, leaving only six aircraft from its 140-strong fleet in operation, citing travel restrictions and Norway’s decision not to provide any more financial aid to the low-cost long-haul carrier.

After some signs of a passenger recovery in July and August, demand again slipped in September as Taiwan’s China Airlines (CAL) and EVA Airways both posted third quarter (Q3) losses despite marginal operating profits.

NASA is polling industry on technologies that have a high probability of being used in new single-aisle airliners entering service in 2030-35.

The answers to these questions will determine the segment’s shape and structure for the foreseeable future.

SUNWING AIRLINES restarted operations (Toronto-Punta Cana) after grounding its aircraft for >230 days due to COVID-19.

COLIBRA launched flight tracking service with real-time alerts for delays delays, arrival/departure times, gate changes, and on-time historical data.

NORWEGIAN is furloughing an additional 1,600 workers and parking 15 of its 21 aircraft, blaming Norwegian government’s decision to not provide

PFIZER and BIONTECH announced their mRNA-based vaccine candidate against COVID-19 was >90% effective in first interim efficacy analysis (study

MESA AIRLINES entered into second amended and restated CPA with UNITED AIRLINES that reflect previously announced changes in ownership of 20 E175s

LATAM AIRLINES GROUP lost US$573.1m in 3Q20 (vs US$86.3m net profit in 3Q19) on 80.8% lower revenues; after operating at 6.6% of previous year’s

In 2019, the business and commercial aviation sectors were promoting career pathway programs as a hedge against the yawning gap in pilot supply and demand expected in the coming decades.

Test operation of aircraft at the new airport at Chengdu, China will begin in December, the operating company and airlines said, ahead of opening around the middle of 2021.

The Canadian government will begin discussions with major airlines on a financial assistance package to help them weather the COVID-19 pandemic, Transport Minister Marc Garneau announced Nov. 8.

United Airlines and JetBlue are adding flights to accommodate promising demand during the upcoming Thanksgiving holiday, even as COVID-19 cases in the U.S. continue to rapidly climb.

Southwest Airlines issued furlough warnings for the first time in its nearly 50-year history, after negotiations between management and the union representing its materials specialists broke down late last week.