Standard and Poor’s has slashed the credit rating of British engineering manufacturer Rolls-Royce to junk on Thursday evening. The company cited the effects of the coronavirus pandemic on the manufacturing industry, with spillover effect for the already-struggling aviation sector. “Actions to contain the pandemic, including government-imposed social distancing measures, travel restrictions, and stay-at-home orders, have
As the aviation business prepares for a long period of hibernation, can it really emerge as strong as it was before the coronavirus crisis set in?
Lufthansa’s supervisory board has met to discuss the European Commission’s conditions placed on a potential government bailout loan. Lufthansa’s board was expected to approve the conditions for its hard-won loan from the German government. The sanctions imposed by the European Commission have resulted in the airline refusing to accept the deal and has said it
The world’s largest all-electric aircraft is about to take to the skies for the first time in a test flight over Washington state in the US on Thursday. The Cessna Caravan, retrofitted with an electric engine by magniX, is expected to fly for 20-30 minutes. Unlike the experimental aircraft that have dominated electric flight so far,
Boeing has announced that it will start involuntary layoffs in the US, with the first set of almost 7,000 job losses to be communicated this week. Combined with the voluntary layoffs already made, this amounts to nearly 12,300 job cuts. There may also be more to follow, as Boeing has previously said 16,000 job cuts
You might not realise it during your flight, but aeroplanes automatically feed data to meteorologists who use it to create weather forecasts.
