French maritime transport and logistics specialist CMA CGM has agreed to take a stake in Groupe Dubrueil Aero, the parent company of Air Caraïbes and French bee, with an eye on the air freight sector.
Impresa Aerospace, a supplier to OEMs and Tier 1 military and commercial aircraft manufacturers, has entered U.S. bankruptcy protection and could be taken over by its predominant private equity owner, Twin Haven Capital Partners, according to a Sept. 24 court filing.
Impresa Aerospace, a supplier to OEMs and Tier 1 military and commercial aircraft manufacturers, has entered U.S. bankruptcy protection and could be taken over by its predominant private equity owner, Twin Haven Capital Partners, according to a Sept. 24 court filing.
Airbus supplier Latécoère Group plans to cut about a third of its workforce in France as it reduces its manufacturing footprint in the wake of the ongoing COVID-19-induced downturn in commercial aviation.
Executives from four LCCs believe air travel demand is being suppressed by national COVID-19 restrictions, but there is a lack of solid trend data for airline planning.
In a first-ever assessment of its economic impact, NASA reports its overall exploration, science and technology development activities generated a $64.3 billion benefit in 2019, supporting 312,000 jobs nationwide that contributed an estimated $7 billion in federal, state and local taxes.
Avianca will restart international flying from Colombia Sept. 28 and gradually increase destinations while enforcing strict protocols for passengers to guard against the spread of the novel coronavirus, the airline said Sept. 25.
Hawaiian Airlines will launch pre-travel COVID-19 testing for passengers at two U.S. west coast airports beginning Oct. 15, in anticipation of the relaxation of Hawaii’s 14-day quarantine order for out-of-state arrivals.
The air cargo industry, after being thrown into the spotlight earlier this year as the world watched freighters transporting cargoes of medical supplies around the globe, has been hit much less hard than the passenger business by the COVID-19 crisis.
Lufthansa CEO and IATA chairman Carsten Spohr believes substantial global long-haul networks could be re-established by the second quarter of 2021 if there is broad COVID-19 testing of passengers and crew.
With its aircraft still grounded and borders closed, Thai Airways is trying to think out of the box, introducing a host of new alternative revenue streams with wheels still firmly on the ground.
AirAsia is turning to its digital and e-commerce portfolio as an alternate revenue stream while the Malaysia-based LCC group’s network remains disrupted because of the COVID-19 pandemic.
Star Alliance members Austrian Airlines and Scandinavian Airlines (SAS) are resuming scheduled services to China eight months after they were suspended following the outbreak of the coronavirus.
A “toehold of recovery” in the business jet market in the third quarter in the Asia-Pacific region is expected to continue, with respondents to a survey from the Asian Sky Group saying they feel better about their business prospects going forward.
United Airlines said Sept. 24 that it will start a pilot testing program for exposure to the SARS-CoV-2 coronavirus at San Francisco International Airport (SFO) for passengers traveling to Hawaii, declaring itself the first U.S. carrier to make testing available.
Eurocontrol and chief executives of European air navigation service providers (ANSPs) met virtually to discuss options for the deepening financial crisis caused by a “huge and ongoing decrease” in flight activity because of the COVID-19 pandemic, the participants announced Sept. 24.
No one will be more disappointed by the decision announced today that IATA’s 2020 AGM event is going virtual than the association’s leader, Alexandre de Juniac.
After a Colombian court blocked a $370 million government loan for Avianca, the airline has lined up $2 billion in financing in its bankruptcy reorganization.
Airlines will most likely have to ask governments for more financial support as the COVID-19 pandemic deepens, IATA director general and CEO Alexandre de Juniac said.
