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Airbus accelerated creation of the new airplane despite pandemic

29

Aug 2020

Airbus accelerated creation of the new airplane despite pandemic

Because of pandemic Airbus reduces expenses for various projects but not for new airplane A321XLR – process of its creation, on the contrary was accelerated. Company sees in XLR product that is not exposed to historical decline in demand. In terms of coronavirus pandemic aircraft manufacturer Airbus for the purpose to savings reduces expenses for various projects, however increases investments in creation of A321XLR airplane….

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American airline company is testing 100% of employees for coronavirus

26

Aug 2020

American airline company is testing 100% of employees for coronavirus

American airline company Delta Air Lines – the second biggest airline company in the world in number of carried passengers and fleet size is actively realizing program f testing entire personnel for COVID-19. With this actions carrier hopes to assure passengers in flights’ safety during coronavirus pandemic. As to the middle of August half of 75 thousand employees of the airline company have been tested….

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American Airlines will stop flights to 15 cities from October

24

Aug 2020

American Airlines will stop flights to 15 cities from October

The biggest airline company in USA American Airlines Group Inc. will stop flights to 15 small cities of the country from October – after termination of the state program action one of the condition of which was saving of the main part of routes. Exclusion of these cities from route network for the period from October 7th to November 3rd is the first step in…

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Korean airline company received profit in the 2nd quarter

22

Aug 2020

Korean airline company received profit in the 2nd quarter

Airline company Korean Air surprisingly didn’t fit into general industry trend of quick growth of expenses: second quarter turned out to be profitable for South Korean carrier – namely thanks to activity of cargo department. While almost all biggest airline companies of the world declared serious losses in the second quarter 2020 due to coronavirus crises, Korean Air reported net profit earning in amount of…

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Embraer changes global management team of commercial aviation division

19

Aug 2020

Embraer changes global management team of commercial aviation division

After Arjan Meijer appointment to the post of president and chief executive officer of the Embraer Commercial Aviation in June of the current year Brazilian aviation company continues to “update” a number of key executive positions in its global commercial team – informs company’s Press Service. So, Martyn Holmes was appointed to the post of commercial director of Embraer Commercial Aviation. Mr. Holmes who came…

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Airbus и Boeing ended the 2nd quarter with loss

17

Aug 2020

Airbus и Boeing ended the 2nd quarter with loss

European aerospace corporation Airbus declared net loss for the second quarter in amount of 1,2 billion euro, company’s revenue for this period reduced by 55% to 8,3 billion euro. These results turned out to be worse than analysts expected – 1 billion euro and 8,6 billion euro correspondingly. Airbus also reported decline production of the most popular model, Airbus A350 – up to 5 airplanes…

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Revised net loss of Embraer in the 2nd quarter 2020 made 198,8 million USD

15

Aug 2020

Revised net loss of Embraer in the 2nd quarter 2020 made 198,8 million USD

Brazilian aircraft company Embraer delivered four commercial airplanes and 13 business jets in the 2nd quarter 2020. Backlog of company’s firm orders to the end of the 2nd quarter 2020 made 15,4 billion USD – the press service of Embraer company informs. Earnings Before Interest and Taxes (EBIT) and Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) made 140,5 million USD and 120,4 million USD…

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Embraer withdraws from production Lineage 1000 and Legacy 650

12

Aug 2020

Embraer withdraws from production Lineage 1000 and Legacy 650

Embraer Executive Jets division of Brazil aircraft manufacturer that specializes on the corporate class equipment will restructure its product line by discontinuing airplanes of super midsize. The key offer of the company will become family of light business-jets Phenom and airplanes of midsize class Praetor. “In the framework of revised priorities of Embraer Executive Jets directed to presentation of the best decision for business aviation…

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Net loss of Airbus in the first half-year period made 1,9 billion euro. Part 2

10

Aug 2020

Net loss of Airbus in the first half-year period made 1,9 billion euro. Part 2

Production rate of commercial airplanes corresponds to new plan elaborated in April 2020 as answer to the situation with COVID-19 shedding. Current situation on the market caused insignificant correction of A350 production rates from 6 to 5 airplanes per month. It is expected that final assembly line of Airbus A220 in Mirabelle (Canada) will gradually return to before-viral production level in the volume of four…

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Net loss of Airbus in the first half-year period made 1,9 billion euro. Part 1

08

Aug 2020

Net loss of Airbus in the first half-year period made 1,9 billion euro. Part 1

European aviation company Airbus in the first half-year period 2020 got net loss in amount of 1,919 billion euro against profit in amount of 1,197 billion euro for the same period of previous year. It is said in the company’s message. “Influence of COVID-19 pandemic on our financial results became especially noticeable in the 2nd quarter of the year: volume of deliveries of aircrafts reduced…

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