Air France-KLM has posted a mammoth US$8.5 billion loss in 2020, however remains “confident” it will be imminently offered additional state aid. In regard to the timing of said government bailout, group chief financial officer Frédéric Gagey said it “is more a question of days and weeks than quarters”. Lengthy discussions over the structure of
European planemaker Airbus has lost hope for any meaningful recovery in the short-term, as new COVID variants spread across Europe, closing borders and sending nations into lockdown. Airbus posted an operating loss of US$600 million in 2020, down significantly from its 2019 results, where it reported US$1.6 million in profit. The commercial aircraft division of
In this cross-posting with The Conversation, the University of Otago’s James Higham discusses the opportunity offered to governments to overhaul the travel and tourism industries amid the COVID-induced slow-down, to tackle the world’s second-biggest current crisis: climate change. The New Zealand Parliamentary Commissioner for the Environment’s second tourism report urges the government to take advantage
Finnair has announced it has finalised a sale-and-leaseback financing agreement for its latest Airbus A350 aircraft delivery with JLPS Holding Ireland. Under the new agreement with JLPS, Finnair will assign the purchase of the Airbus A350 aircraft to the third party, and then lease the aircraft back for its own operation. The aircraft is expected
US planemaker Boeing has officially thrown its support behind contentious reforms over fuel efficiency standards in new airplanes finalised by the Trump administration in its final days. The standards outlined in the reforms have been largely criticised by a dozen US states as well as the new Biden administration as being too lenient, and largely
The US Federal Aviation Administration has issued an airworthiness directive demanding inspection of over 200 Boeing 787 Dreamliners, after new defects were located. Wednesday’s directive was issued following reports of torn decompression panels in the bilge area, according to the regulator. The issue essentially pertains to the panels that separate the bottom of the passenger
