Bombardier on Sept. 16 said it finalized terms of the sale of its train business to Alstom for $8.4 billion (€7.15 billion), including a $350 million price cut from the memorandum of understanding unveiled in February.
Icelandair Group is now anticipating a $363 million EBIT loss for 2020 and a further $43 million loss in 2021, before climbing back to profitability in 2022 and building to a $175 million positive EBIT by 2024.
Kazakhstan-based Air Astana is continuing to reopen its Central Asian network, with flights from its Almaty (ALA) hub to Bishkek (FRU), Kyrgyzstan, starting from Sept. 20.
Italian CAA ENAC has called a meeting with Irish LCC Ryanair to discuss reports that the airline may not be fully complying with national COVID-19 mitigation measures.
Air New Zealand plans to make further significant cuts to its international flight attendant workforce as it switches more passenger flights to cargo-only.
Israel Aerospace Industries (IAI) has accomplished what it described as the world’s first successful landing of a UAV at a major airport while integrating the vehicle into commercial traffic.
Lufthansa LCC subsidiary Eurowings—taking advantage of Ryanair’s base closure at Düsseldorf International Airport (DUS) in Germany—plans to take over up to 95% of the routes that have been operated by the Irish LCC.
Lufthansa CEO Carsten Spohr told employees to expect deeper cuts to staff levels and the group’s fleet as the recovery of air travel will take much longer than originally anticipated.