Raytheon Technologies expects to end 2020 with $10 billion in cash on hand, in part thanks to a new deal to sell its Forcepoint cybersecurity business, but also due to 20% fewer commercial aerospace employees, executives said Oct. 27.
An effective pre-flight COVID-19 testing regime is critical to airlines getting through the upcoming winter season and surviving 2021, but governments want proof that such testing is safe before they lift quarantine rules.
All Nippon Airways (ANA) plans to create a new low-cost widebody unit and cut back its mainline fleet as part of a major overhaul of its strategy spurred by the COVID-19 crisis.
Two African carriers–Ethiopian Airlines and South African LCC FlySafair–have each added a pair of aircraft to their fleets, despite the ongoing COVID-19 downturn.
Slovak Boeing 737 wet-lease operator Go2Sky has reversed an earlier decision to cease operations and close the company, after reaching an agreement with its lessors.
When Francisco Gomes Neto took over from Paulo Cesar de Souza e Silva as CEO of Embraer, the company was on a clear path. The pandemic changed everything.
Southeast Asia’s airline industry is being shaken up by a wave of restructuring programs prompted by the COVID-19 crisis, with most of the region’s flag-carriers looking to downsize to survive.
Malaysia Airports has sued AirAsia X for MYR78.2 million ($19 million) in overdue charges, which comes as the long-haul LCC embarks on a MYR63.5 billion debt restructuring.
Lufthansa Cargo will continue to flexibly manage its freighter fleet of Boeing 777Fs and MD-11Fs in the coming months as belly capacity on passenger long-haul routes is curtailed by fewer flights amid the COVID-19 pandemic.
Hawaiian Airlines is resuming U.S. East Coast flying in December, reinstating the two farthest regularly scheduled domestic passenger routes in the world.
In a joint study with the University of Arizona’s Department of Environmental Sciences, Boeing said it confirmed that all current anti-bacterial solutions used in the industry are effective in protecting against viruses, including COVID-19.
Icelandair plans to reduce seat capacity for summer 2021 by around 25-30% compared to the same season in 2019 as the flag-carrier expects the impact of the COVID-19 pandemic will still be significant.
The crippling “second wave” of COVID-19 infections spreading across the globe has forced International Airlines Group (IAG) to make yet more cuts in its winter timetables.
The chairman of the U.S. House subcommittee overseeing the U.S. government’s response to the COVID-19 pandemic called on four cargo carriers to repay more than $600 million in federal payroll support, arguing the funds were not needed in light of the cargo sector’s resiliency during the crisis.
IATA has significantly downgraded its estimates for 2020 passenger traffic for both Africa and the Middle East, as the second wave of the COVID-19 pandemic and governments’ reactions to it continue to stifle any revival.
