To the list of potential long-term challenges to commercial aviation from the COVID-19 crisis, add the likelihood of faster growth in high-speed train services for travelers in China and Europe, according to a new report by a major investment bank.
The Trump Administration has asked Congress for an additional $250 billion in small-business payroll loan funding, providing more cash to the coronavirus pandemic emergency funding program that many small aerospace suppliers are expected to tap.
Atlas Air Worldwide and UPS are participating in a White House-led airlift to deliver critical medical supplies from other countries to the U.S. as cargo airlines ramped up their response to the COVID-19 pandemic.
Airbus decided April 6 to suspend production and aircraft at some of its facilities, most importantly the A220 and A320 final assembly line in Mobile, Alabama.
Boeing’s suspension of aircraft production at its major Puget Sound and Moses Lake, Washington, campuses has been extended “until further notice,” the OEM said April 5.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act sets up several new programs and adjusts some existing ones—each aimed at pumping much-needed cash into specific sized organizations or industry sectors.
The first proposed guidelines to ensure the safety of machine-learning systems in aircraft has resulted from a joint study by the European Union Aviation Safety Agency (EASA) and Swiss artificial-intelligence (AI) startup Deadalean.
Boeing is offering a voluntary layoff plan in the wake of the COVID-19 crisis and acknowledged its product portfolio may change—and likely decrease—as the coronavirus pandemic drives a historic halt across aerospace and aviation.
The eruption of the Indonesian Mount Tambora in 1815 propelled enough volcanic dust into the atmosphere to visibly darken the sun and cool the global climate in the subsequent months, leading 1816 to be described in contemporary accounts as “The Year without a Summer.”
Astronics, the already embattled provider of aircraft seat technology and other interior products, is “adjusting its workforce” to align with a dropoff in demand due to the coronavirus and sudden economic slowdown.
Avia Solutions Group—which is active in wet leasing, maintenance and training—has completed its acquisition of Iceland-headquartered cargo airline Bluebird Nordic for an undisclosed sum.
A 40% drop in global revenue passenger miles followed by a rapid snap-back and leveling out of 5% year-over-year growth starting in 2023 would cut near-term new-aircraft demand about 25% from pre-coronavirus pandemic estimates, Vertical Research Partners analysts conclude.
Italian aerospace and defense company Leonardo is providing Italian state authorities access to fixed-wing aircraft and helicopters that the company normally uses for flight trials as Italy fights to deal with the novel coronavirus pandemic.
The drastic reduction in commercial aviation caused by the COVID-19 pandemic has slashed the number of atmospheric data reports from aircraft in flight, which is impacting weather forecasts.
