Airbus slammed with class action suit
Airbus SE is being sued by its shareholders in the US, over misleading statements portrayed to investors over the company’s management of, and avoidance of, corruption accusations over the last five years. The class action, which is seeking unspecified damages over alleged violations of US securities laws, was filed by shareholder Andrew Kornecki in the
US lifts global travel ban
The Trump administration has lifted the blanket Level 4 ‘do not travel’ ban in the US, first implemented on 19 March, instead returning to ‘country specific’ bans that take into account the threat to public safety posed by each country individually. The decision was made by the US State Department, reportedly in consultation with the
‘No firm schedule’ for 737 MAX return to EU: EASA
The European Union Aviation Safety Agency (EASA) has said it has no firm date for the reinstatement of Boeing’s grounded 737 MAX in Europe, despite signs that the international grounding order on the jet could be lifted before the year is out. Earlier this week, the US Federal Aviation Administration (FAA) released an airworthiness directive
Virgin Atlantic has filed a case with the US bankruptcy court in New York and is seeking protection from its creditors in the US, according to a court filing made on Tuesday. The airline has sought protection under chapter 15 of the US bankruptcy code, which allows a foreign debtor to shield assets in the
Labour unions, in conjunction with airline executives, are pushing the US government to extend federal COVID-19 relief packages to the aviation industry, as the pandemic continues to hit the industry, and layoffs loom. To date, the US Congress set aside $32 billion of a $2.2 trillion CARES package for the aviation industry, on the condition
Third 777X performs inaugural test flight
Sporting Boeing’s new testing livery, WH003 took off Paine Field in Everett, Washington, at approximately 1:55pm local time on Monday.
