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…
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…
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…
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…
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…
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…
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…
Probably, the last delivered to the customer representatives of 747-8 family will become two airplanes VC-25B for serving US president. Withdrawal of Boeing 747 from the fleet of various airline companies began long ago. In December 2017 made the last flight 747-400 of the Delta airline company, it was the last operated on regular routes Boeing 747 on its motherland – USA. In July 2020…
In the future sky – narrow-body airplanes which means that comfort now determines compactness. On July 22nd 2020 last Boeing 747 of Australian airline company Qantas “painted” kangaroo on the radars’ screen, the airline company’s symbol after what it departed from Sydney for storage to Mojave Desert in USA. There are already parked all earlier owned by Australians A380. For Qantas breakup with the “Queen…
The biggest Australian airline company Qantas finished on July 22nd exploitation of the last airplane Boeing 747 from its fleet, CNN informs. Before departing to the last flight in its history in Sydney airport took place official ceremony and after the take-off the airplane showed kangaroo in the sky in the image and likeness of Qantas logo. “This airplane has significantly was ahead of its…