ATR Releases 2019 Results
ATR performed well in 2019. We received 79 orders and delivered 68 aircraft for a book-to-bill of more than one. The turnover for the year was $1.6 billion and was boosted by a strong performance…
Category: travel
Air New Zealand Dreamliner to Connect South Island Exporters
Air New Zealand will fly its 787-9 Dreamliner aircraft between Christchurch and Auckland three times a week to help transport cargo from the South Island to the rest of the world. Air New Zealand General Manager Cargo Rick Nelson…
Embraer Delivers 5 Commercial and 9 Executive Jets in 1Q20
Embraer (NYSE: ERJ) delivered a total of 14 jets in the first quarter of 2020, of which five were commercial aircraft and nine were executive jets (five light and four large). As of March 31st,…
Azul Airlines to Delay 59 Embraer Airplanes Until After 2024
SAO PAULO, May 14 (Reuters) - Brazilian airline Azul SA said on Wednesday it had agreed with planemaker Embraer SA to delay the delivery of 59 E2 jets, with a list price of 24.5 billion…
Avianca Files for Bankruptcy Protection
(Reuters) - Avianca Holdings, Latin America's second-largest airline, filed for bankruptcy on Sunday, after failing to meet a bond payment deadline, while its pleas for coronavirus aid from Colombia's government have so far been unsuccessful.…
Qantas Pauses Airplane Deliveries from Airbus and Boeing
Qantas planes are seen at Kingsford Smith International Airport in Sydney, Australia SYDNEY (Reuters) - Qantas Airways Ltd <QAN.AX> said on Monday it had advised Airbus SE <AIR.PA> and Boeing Co <BA.N> that it did…
Former Garuda Indonesia CEO Jailed for Eight Years for Bribery
AKARTA (Reuters) - An Indonesian court on Friday jailed Emirsyah Satar, a former chief executive of Garuda Indonesia, for bribery and money laundering related to procurement of planes and engines from Airbus and Rolls-Royce, his…
Aer Lingus to Review Social Distancing Following Packed Flight
LONDON (Reuters) - Irish airline Aer Lingus said it was reviewing its social distancing procedures after a flight on Monday was packed with passengers. European flights have all but come to a standstill during the…
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EU Clears 7 Billion Euros in State Aid for Air France-KLM
BRUSSELS (Reuters) - The European Union's competition watchdog on Monday approved French state aid worth 7 billion euros ($7.66 billion) for Air France <AF.PA>, saying the support would provide cash to soften the economic shock…
Norwegian Air Shareholders Vote in Favor of Rescue Plan
OSLO (Reuters) - Norwegian Air <NAS.OL> shareholders backed its financial survival plan on Monday, with more than 95% of votes cast supporting the conversion of nearly $1 billion of debt into equity and raising more…