The World of Aviation

Legendary American investor Warren Buffett has sold his entire airline holdings, worth $4bn, in American, United, Delta and Southwest.

US Secretary of State Mike Pompeo has called on allies to deny overflight rights to Mahan Air, Iran’s largest privately-owned airline, after accusing it of delivering “unknown support” to Venezuela amidst the Covid-19 crisis.

The Lufthansa Group CEO Carsten Spohr says the airline is losing around one million euros per hour, in advance of an AGM next week.

Airbus is developing a modification for A330 and A350 family aircraft which will enable airlines to install freight pallets directly onto the cabin floor seat tracks after removal of the economy-class seats.

The French government has tacked a number of environmental requirements to a multibillion-euro rescue package offered to the national carrier. Last week, Finance Minister Bruno Le Maire told the French Parliament that support for the airline would not come in the form of a “blank cheque”. Moreover, funding will be contingent on Air France’s willingness

Airbus and British engineering multinational Rolls Royce have scrapped plans to launch a hybrid-electric aircraft, the ‘E-Fan X.’