Reading Time: 2 minutes The crisis provoked by the coronavirus pandemic affects even the strongest. Air New Zealand is working through different ways to save cash and minimize costs. The airline made a solid start to 2020 and right upon the beginning of the pandemic in March had short-term liquidity of more than $1 billion. On 25 May, 2020, […]
Reading Time: < 1 minute Yet another major airline files for bankruptcy over collapse in demand and difficulties in financial survival: LATAM Airlines Group, the biggest airline in Latin America, has filed for Chapter 11 bankruptcy. The airline said in a statement that the process will not affect its operations, employees and cargo flights. “We are looking ahead to a […]
Reading Time: < 1 minute The new widebody aircraft – modification of the IL-96-300 – is getting near to the full assembly. Currently, the IL-96-400M is at the final assembly shop at Voronezh Aircraft Plant. According to Alexander Yarchevsky, acting Managing Director of VASO, the wings have been already connected to the fuselage. Now the team is going to set […]
Reading Time: < 1 minute easyJet has announced about its plans to restart a small number of mainly domestic flights, from 21 European airports from 15 June. Services will be operating from London Gatwick, Bristol, Birmingham, Liverpool, Newcastle, Edinburgh, Glasgow, Inverness, Belfast, and Isle of Man in the UK. In addition, flying will resume in France from Nice, Paris Charles […]
Reading Time: 3 minutes UPDATED 13:44 (UTC +3), 29 May 2020 The cockpit voice recorder (CVR) has been recovered from the wreckage of PIA’s A320 aircraft. Now both CVR and FDR are ready to be processed. The data from both recorders will be retrieved by France’s Bureau of Enquiry and Analysis for Civil Aviation Safety (BEA). The information from […]
Reading Time: < 1 minute There is a high possibility that the end of Airbus A380 era is closer than expected. Together with the news about Air France’s immediate retirement of the type, some doubts from the biggest customer have emerged as well. Currently, Emirates has a fleet of 115 double-deckers and hold eight remaining A80s on order. According to […]
Reading Time: 2 minutes In face of the crisis, some decisions and changes are introduced unexpectedly and ahead of initial plans. This is the case of Airbus A380 fleet operated by Air France. The airline has announced that nine A380 planes will remain grounded due to the reduced demand and will no longer perform commercial flights for the carrier. […]
Reading Time: 2 minutes In the context of the global pandemic, the international aviation event AIR Convention is taking a path of adaptation to a digital reality. In June 2020, the conference is launching a new project – AIR Convention Digital Week. The event will take place in an online setup with 50+ global aviation visionaries invited to discuss […]
Reading Time: < 1 minute Rolls-Royce announced about some structural changes necessary to adjust business operations to the current situation, as demand from customers reduces significantly for our civil aerospace engines and aftermarket services. Among the most harsh measures would be cut of at least 9,000 jobs out of global workforce of 52,000. The company will also cut expenditure across plant […]
Reading Time: < 1 minute It seems that the most severe turbulence for Norwegian is over. After a few chaotic days, Norwegian has announced that it has a range of new owners, it has completed the restructuring and it has secured 2.7 billion crown ($271 million) governmental support. Norwegian had been battling with financial issues for several years. In 2020, […]