International News – Page 113 – Welcome to www.planesintheair.com

Cargo Airline Cashing in on Junk-Bond Boom

WIL BALDWIN August 4, 2020

At a little-known cargo airline that handles shipments for United Parcel Service Inc. and Amazon.com Inc., business is booming. With passenger carriers forced to cut most of their freight capacity during the pandemic, seven-year-old Western…

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KiwiRail’s Tourism Trains Back on Track for Summer

WIL BALDWIN August 4, 2020

All KiwiRail’s long distance scenic services will be back this summer, giving New Zealanders the opportunity to see their spectacular country from the comfort of a train. “When New Zealand went into its Level 4…

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European Commission Clears Alstom’s acquisition of Bombardier Transportation

WIL BALDWIN August 3, 2020

Alstom and Bombardier welcome the European Commission’s (EC) decision for conditional clearance of the proposed acquisition of Bombardier Transportation by Alstom. The Commission’s approval for the transaction is conditional on the proposed engagements that consist…

LATAM Airlines to Fire ‘at Least’ 2,700 Workers in Brazil

WIL BALDWIN August 2, 2020August 2, 2020

BRASILIA (Reuters) - LATAM Airlines will fire "at least" 2,700 workers in Brazil, including pilots, its Brazilian arm said on Saturday, as the bankrupt carrier struggles to cut costs and cope with an industry collapse…

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Air France KLM Announces Second quarter 2020 Results

WIL BALDWIN August 2, 2020

Click the link below to view the entire press release! https://www.airfranceklm.com/sites/default/files/q2_2020_press_release_en_final.pdf

Alstom Delivers New Tramways for Dublin, Ireland

WIL BALDWIN August 2, 2020

55 meters: the longest Citadis tram in the world Up to 98% recyclableAlstom will extend 26 existing vehicles Alstom has delivered the first of eight new Citadis tramways to Dublin, as part of a partnership with Transport…

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British Airways Plans to Sell Shares and Avoid Bailout

WIL BALDWIN July 26, 2020

British Airways is scrapping all its Boeing 747 jumbo jets. It’s cutting capacity to prepare for years of weak demand for air travel. Now Reuters sources say owner IAG has a plan to get its…

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Airbus Offers Subsidy Concession to End U.S. Tariffs

WIL BALDWIN July 26, 2020

PARIS (Reuters) - Europe's Airbus <AIR.PA> said on Friday it would increase loan repayments to France and Spain in a "final" bid to reverse U.S. tariffs and jog the United States into settling a 16-year-old…

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Tesla Reports Q2 Profit, Announces Texas Gigafactory

WIL BALDWIN July 26, 2020

Tesla (TSLA) posted a surprise second-quarter profit last week on cost cutting and strong deliveries, offsetting the effects of its Covid-19 related factory shutdowns. The report may help the electric vehicle manufacturer gain inclusion into…

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Embraer Delivers Four Commercial and 13 Executive Jets in 2Q20

WIL BALDWIN July 22, 2020

Embraer (NYSE: ERJ) delivered a total of 17 jets in the second quarter of 2020, of which four were commercial aircraft and 13 were executive jets (nine light and four large). As of June 30,…