Business aircraft manufacturers worldwide are projected to deliver 7,404 new business jets and 2,590 new turboprops over 10 years from 2021 to 2030, valued at a total of $236.5 billion at list prices, with demand for maintenance, repair and overhaul services expected to total $102 billion, according to a new forecast by the Aviation Week Network’s 2021 Business Aviation Fleet & MRO Forecast.
Anticipated effects of the COVID-19 pandemic—including a smaller global fleet, near-term retirements of older aircraft and expected cost-cutting by airlines over the next several years—have led Boeing to cut 10%, or about $100 billion, out of its 20-year forecast for commercial aviation services spending.
The FAA has extended slot rule waivers at three congested U.S. east coast airports through the end of March, in an effort to relieve airlines hard hit by the COVID-19 pandemic.
Southwest Airlines will seek a round of pay cuts from its labor unions as part of a push to reduce costs enough to avoid involuntary furloughs through the end of 2021.
Honeywell projects deliveries of 7,300 new business jets from 2021 to 2030 valued at $235 billion, down 4% from its 10-year forecast a year ago, the company said in a new Global Business Aviation Outlook.
The Singaporean government is looking to focus on COVID-19 testing and unilaterally lifting borders restrictions for travelers coming from countries with low infection rates as “protective measures” to revive its air hub.
United Airlines will begin flying nonstop to mainland China from Oct. 21 for the first time since late February when the COVID-19 crisis began to escalate worldwide.
European air traffic has fallen again, dropping to 44.8% of 2019 levels in the week to Oct. 4, Eurocontrol data showed, as travel restrictions and uncertainty over rising COVID-19 infection rates in many countries continue to hold back demand.
AirAsia Japan confirmed that it has ceased operation as of Oct. 5 after the COVID-19 crisis compounded the carrier’s challenges in the competitive Japanese LCC market.
David Coleal was appointed president of Bombardier Aviation in May 2019, after leading its business aircraft division beginning in 2015. Coleal’s position was eliminated Oct. 1 in a restructuring as the company prepares for the sale of its transportation division.
Breeze Airways now plans to lease Embraer E-Jets from sister operator Azul after previously explaining to the U.S. Transportation Department (DOT) it was sourcing aircraft elsewhere.
Malaysia Airlines Berhad (MAB) is hoping its owner, sovereign wealth fund Khazanah Nasional, will bail it out as the flag-carrier will otherwise run out of cash to pay lessors and suppliers after November, according to a Reuters report.
The Association of Asia Pacific Airlines (AAPA) has decided to cancel its annual general assembly that was planned for Nov. 12 in Fukuoka, Japan, taking the event online instead.
The number of flights in European airspace continued to decline in September, Eurocontrol data showed, as industry groups renewed calls for the introduction of an EU-wide COVID-19 testing program to spur demand.
The Faroe Islands’ national carrier Atlantic Airways has received a license from the U.S. Port Authority to launch services from the archipelago’s capital Vágar to New York.
Air Canada has finalized an order for an initial batch of 25,000 rapid-response COVID-19 test kits, as it looks to convince the Canadian government to relax its 14-day quarantine rule for international arrivals.
AirAsia Japan’s shareholders are reportedly preparing to shut down the carrier, as the AirAsia Group focuses its attention on its Southeast Asian operations.
