Southwest Airlines has pulled its Boeing 737 MAXs through the end of the year and made several tactical changes—including route cuts and major fleet-plan modifications—to help compensate for the model’s prolonged grounding, the carrier said July 25 when announcing its second-quarter earnings.
Latvian carrier airBaltic has placed €200 million ($223 million) in bonds, which will be listed on the Euronext Dublin stock exchange, generating funds for the airline’s general liquidity and fleet expansion.
German leisure airline TUIfly will keep adjusting its fleet schedule as the global grounding of the Boeing 737 MAX continues, TUIfly CEO Oliver Lackmann told ATW in an exclusive interview.
Boeing will accelerate assembly of 777 freighters in 2020 to offset the impact of a slowdown on the 777X after acknowledging longer-than-expected delays to the first flight of the 777-9.
As Boeing weighs its options for managing the 737 MAX supply chain until the grounded model is back in service, the US manufacturer may consider pausing production completely if circumstances continue to delay the narrowbody’s return, Boeing executives said July 24.
Russia’s United Aircraft Corp. (UAC) will need a RUB300 billion ($4.8 billion) capital injection “to complete the financial restructuring,” Rostec Corp. CEO Sergey Chemezov said in a meeting with Russian President Vladimir Putin July 22.
Airbus has urged A321neo operators to implement a temporary center-of-gravity (CG) limitation to eliminate an already-remote risk of an excessive pitch-up condition while it finalizes a software update that addresses the issue.
Icelandair will keep the Boeing 737 MAX off its flight schedule through the end of October as uncertainty about when the grounded aircraft will return to service drags on.
Boeing’s second-quarter earnings will include a $4.9 billion after-tax charge to cover some actual and estimated future expenses linked to the 737 MAX grounding, while a reduced production rate is driving up 737 costs and lowering margins, the company said July 18.
Mitsubishi Aircraft Corp. (MITAC) and engineering partner Triumph Group have identified design changes that should allow them to exceed weight-savings targets established to morph the MRJ70 into a fully US scope clause-compliant, 76-seat-dual-class regional jet (RJ).
Southwest Airlines will keep the Boeing 737 MAX off its flight schedule through Nov. 2, joining fellow US-based MAX operators American Airlines and United Airlines in making another adjustment in the wake of uncertainty over when the aircraft will return to revenue service.
Central and Eastern European airline Wizz Air will reduce frequencies on some routes from Kiev (Ukraine) and Warsaw (Poland) in August because of an aircraft delivery delay.
Irish LCC Ryanair will shrink or close poorly performing bases and cut staff as a direct result of the lack of Boeing 737 MAX deliveries, the company said July 16.
UK-based lessor Falko Regional Aircraft recently closed on its Falko Regional Aircraft Opportunities Fund II (FRAOF II) after attracting commitments of $650 million.
United Airlines has removed Boeing 737 MAXs from its schedule through Nov. 3, saying it expects to see 5,000 flight cancellations in September and October as a result.
