Aerospace composite provider Hexcel on April 20 scrapped its guidance for 2020 with its financial outlook marred by declining production rates at OEM customers making large commercial aircraft (LCA).
Airbus’ A321XLR long-range, single-aisle program is gathering momentum as the first examples of some specific components are being produced, suppliers are being chosen and detailed design activities are proceeding, according to the airframer.
The U.S. Treasury Department has disbursed an initial round of financial aid to passenger airlines worth $2.9 billion, as a deal was finalized with six large carriers over terms related to payroll assistance under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Air Canada will suspend its limited transborder flying on April 26, citing the extension of coronavirus-related joint travel restrictions put in place by Canada and the U.S., and reduced demand for repatriating Canadians.
All Nippon Airways (ANA) Holdings has significantly cut its estimated profit for its fiscal year that ended March 31, attributable to a decrease in revenue linked to the COVID-19 pandemic.
Icelandair Group is to issue new shares and press ahead with union and supplier negotiations as part of its financial restructuring triggered by the COVID-19 outbreak.
Emirates' latest COVID-19 safety measures give a shocking glimpse of what post-lockdown travel could look like, with ground and cabin crew wearing full protective clothing and a ban on large items of hand luggage.
The Securities Investors Association (Singapore) (SIAS) has submitted a list of queries to the board of Singapore Airlines (SIA) prior to the carrier’s emergency general meeting (EGM) on the S$15 billion ($10.5 billion) cash call proposal to raise funds for the airline amid the COVID-19 crisis.
Taiwan’s China Airlines has come to an agreement with its union to begin salary cuts for all employees starting from May 1 as its interim Q1 figures show revenue dipping amid the COVID-19 crisis.
