Kenya Airways has temporarily stepped back from its joint venture (JV) with Air France-KLM because of a lack of schedule predictability amid the COVID-19 crisis.
Aircraft lessor SMBC Aviation Capital’s interim pre-tax profit for the first half (H1) has fallen to $17.3 million—less than a tenth of the $200 million profit the company posted for H1 2019.
Virgin Australia has emerged from voluntary administration with a new CEO and a revised business model that retains most core elements while making significant adjustments.
The FAA on Nov. 18 rescinded its ban on Boeing 737 MAX operations, releasing text of an airworthiness directive that codifies the steps airlines must follow before their MAXs can fly again.
After nearly two years of being grounded following two deadly crashes, the U.S. Federal Aviation Administration has cleared Boeing’s 737 Max for flight.
As cybersecurity issues become even more important to the aviation industry, South Africa’s Safomar Aviation has signed a deal with Canada’s CX Technologies to sell onboard cybersecurity solutions into the rapidly growing Sub-Sahara Africa market.
ST Engineering will be simplifying its portfolio into commercial and defense divisions, replacing the sector-centric aerospace, electronics, land systems and marine entities.
With air traffic flights and passengers drastically down in 2020, the 2019 top issues of aircraft emissions and “flight shame” have all but disappeared. But they will reappear just as soon as traffic recovers.
It is still unclear whether many airlines have the liquidity reserves and financing in place to survive the next year and emerge from the COVID-19 crisis.
