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AerCap scraps 737 MAX orders
Aircraft leasing giant AerCap said on Wednesday that it has scrapped 15 orders for the grounded Boeing 737 MAX, leaving 80 orders outstanding for the Dublin-based company. In an earnings call with company investors, AerCap boss Aengus Kelly revealed that the world’s largest aircraft leaser has seen a slump in net income over the second
Read moreFarewell to the 747: Boeing to pull production after 2022
| 3 Comments on Farewell to the 747: Boeing to pull production after 2022Speaking to investors on Wednesday, Boeing has confirmed reports that it will pull production of the iconic 747 jumbo jet after 2022. Boeing had initially declined to respond to a report published by Bloomberg nearly a fortnight ago, which said that the last 747-8 is expected to be completed in about two years. “At a
Read moreGlobal cargo demand slow to improve: IATA
The International Air Transport Association (IATA) has released its data for global air freight markets, which suggests a slight improvement in cargo demand, albeit at a slower pace than was expected. In each case, global demand for cargo largely improved in June when compared with May, however overall figures are well below that of June
Read moreBoeing slashes production, delays 777X program to 2022
/Boeing has announced that it will slash its production output across all its models, following a larger-than-anticipated quarterly loss, and delay its 777X program to 2022. Included in its business changes will be a mammoth reduction in the production of its twin-engine jets, the phasing out of its 747 production, and the delay of its
Read moreComment: Airlines shouldn’t rush to cut jobs
/In this crossposting from The Conversation, Swansea University’s Geraint Harvey, the University of Birmingham’s Daniel Wintersberger and the University of Bristol’s Peter Turnbull, explain why airlines should attempt to retain their staff. The coronavirus pandemic has been especially cruel to the aviation industry. COVID-19 had an immediate and severe impact on aviation that is unlike
Read morePodcast: Should airlines lie low while borders open then close?
/Airlines around the world are tackling the tricky challenge of saving costs by hibernating, while also maintaining a workforce that’s viable on the other side of this crisis. In this episode of the World of Aviation Podcast, hear about the carnage over airbridges in the EU, from the UK’s closure to Spain and Ireland’s fundamentally
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