Bombardier will specialize as a business aviation manufacturer after agreeing to sell its train division to Alstom of France for $4.2-4.5 billion in cash, Michael Bruno, [email protected] Bombardier will specialize as a business aviation manufacturer after agreeing to sell its train division to Alstom of France for $4.2-4.5 billion in cash.
The next decade will be more challenging for the aviation industry than the 10 years previous years, despite prospects for rising passenger demand, according to Oliver Wyman’s annual Global Fleet & MRO Forecast.
EgyptAir has taken delivery of its first of 15 A320neo Family aircraft, on lease from AerCap, becoming the first airline in Africa and Middle East to operate both the A320neo and A220, the most modern and fuel-efficient single-aisle aircraft types.
Continuing uncertainty over the return to service of Boeing’s 737 MAX has forced Panama’s Copa Airlines to slash capacity guidance for 2020 and push back its targeted date to deliver a unit cost performance below six cents.
Ireland-based lessor AerCap, reporting $1.15 billion in net income for 2019, said its prospects are fair for 2020, although the continuing Boeing 737 MAX grounding is having an adverse effect on its figures.
Crediting its multiyear transformation program, the Singapore Airlines (SIA) Group posted a 10.9% year-on-year (YOY) profit growth for its fiscal 2019/2020 third quarter (Q3), earning S$315 million ($233.5 million) for the period ending Dec. 31, 2019.
With the aerospace manufacturing sector expecting Boeing to restart 737 MAX production as early as next month or April, one widely followed industry consultant said it will take up to two years to clear out the stored inventory of narrowbody aircraft and fuselages.
A new U.S. low-cost airline being launched by a former United Airlines executive has raised $125 million and expects to start service before the end of the year.
Delta Air Lines plans to spend $1 billion over the next decade to “mitigate” all emissions from its business, investing in a wide range of initiatives to reduce or eliminate carbon emissions throughout its business.
The COVID-19 outbreak has already led to an estimated $4 to $5 billion reduction in gross operating revenues for airlines across the globe, according to ICAO.
