- Airbus Reshuffles Supply Chain As Former Autos Executive Leaves Group[Nov. 07, 2019]
Airbus is seeking a new permanent leader of a US$50 billion supply chain as Klaus Richter, chief procurement officer, steps down from his post at the Franco-German-led company to "pursue other professional challenges," industry sources said.
- Airbus Helicopters Expands Its Power Line Footprint with New Commitments at the China International Import Expo[Nov. 07, 2019]
Airbus Helicopters has further strengthened its power line capabilities by signing contracts with Inner Mongolia Power Group (IMPG) and State Grid General Aviation Company (SGGAC) respectively at the 2nd China International Import Expo (CIIE) in Shanghai.
- Airbus and China Reinforce Long-Standing Partnership[Nov. 06, 2019]
Airbus and China are strengthening their long-standing partnership as both sides commit to a further deepening and broadening of cooperation in the aviation industry.
- Finnair Traffic Performance in October 2019[Nov. 07, 2019]
In October, Finnair carried 1,266,000 passengers, 10.9% more than in the corresponding period of 2018. The overall capacity measured in Available Seat Kilometres (ASK) increased in October by 10.1%. Finnair's traffic measured in Revenue Passenger Kilometres (RPKs) increased by 14.1%, and the Passenger Load Factor (PLF) increased year-on-year by 2.8% points to 82.3%.
- Air France-KLM Plans Sales and Efficiency Drive to Lift Profit[Nov. 05, 2019]
After a wave of Air France strikes that cost EUR 335 million (US$373 million) in 2018, the Franco-Dutch airline group has stabilized under Chief Executive Ben Smith thanks to union deals that have increased both wage costs and operating flexibility.
- Struggling Norwegian Air Raises US$272 Million from Share Sale, Bond Issue[Nov. 06, 2019]
Norwegian Air on Tuesday raised 2.5 billion crowns (US$272.31 million) to meet the struggling airline's cash needs through 2020 with its third share sale in two years and a bond issue.
- Boeing CEO Muilenburg 'Has Done Everything Right,' Says Chairman[Nov. 05, 2019]
Boeing Co Chairman Dave Calhoun said on Tuesday the company's board believed Chief Executive Dennis Muilenburg "has done everything right," just days after he came under attack from U.S. lawmakers and repeatedly refused to step down at a hearing on two fatal crashes involving Boeing 737 MAX airliners.
- Virgin Australia to Trim Domestic Capacity, Axe a Hong Kong Route[Nov. 06, 2019]
Virgin Australia Holdings Ltd said on Wednesday it plans to cut domestic capacity by at least 2% and remove five aircraft from its fleet as it grapples with stagnant demand.
- Norwegian Air Gets Lifeline to Prove It Can Make Money[Nov. 06, 2019]
Norwegian Air's third fundraising from investors in 20 months could be the airline's final chance to prove it can make money from cheap transatlantic air travel, one of its major shareholders said on Wednesday.
- Aircraft Lessor Aircastle to Be Bought in US$2.4 Billion Deal[Nov. 06, 2019]
Aircastle Ltd said on Wednesday Japan's Marubeni Corp and Mizuho Leasing Co Ltd had offered to buy the aircraft lessor in a deal valued at US$2.4 billion, ending a nearly two-week long strategic review of its business.