Airbus Flintshire site reduces hours
Airbus employees have agreed a 10% reduction in the working week at its site in Flintshire in an attempt to save jobs. A ballot of up to 3,500 members of the Unite union voted in favour of a working h...
Airbus employees have agreed a 10% reduction in the working week at its site in Flintshire in an attempt to save jobs. A ballot of up to 3,500 members of the Unite union voted in favour of a working h...
In sad news, Thomas Cook Aviation Balearics, which was announced in May 2020 as an independent partial resurrection of the former giant with German backing, has had to close for good. The airline woul...
Ryanair stated today that expects to lose close to €1 billion ($1.2 billion) in its current financial year. Ryanair's revenue fell 82% in the third quarter, which is compared to an 88% fall at easyJ...
The United Engine Corporation of Rostec has started testing a new VK-650V engine for Ka-226T and Ansat-U helicopters. The test was successful, and the engine started without problems at the UEC-Klimov...
easyJet has reported that its performance during the quarter ending 31 December 2020 was in line with expectations. The airline group’s total revenue for the quarter fell by 88% to £165 million, with ...
In the quarter ending 31 December 2020, Wizz Air has reported a 76.5% drop in revenue to €149.9 million and a net loss of €116.4 million. Passenger numbers for the quarter fell by 77.3% to 2.27 millio...
GKN Aerospace will lead a new UK collaboration programme, called H2GEAR, to develop the company’s first hydrogen propulsion system for sub-regional aircraft. Hydrogen is expected to play a key role in...
Satair and Honeywell Aerospace have signed a multi-year commercial agreement covering the exclusive worldwide distribution for mechanical and air thermal components for use on Airbus A320, A330, A34...
Rolls-Royce has reported that trading in December and for 2020 was “broadly in line with expectations across all business units”, noting that for the full year 2020, the manufacturer achieved cash cos...
Since July 2020, Deutsche Lufthansa has raised a total of around €500 million using aircraft as security in eight financing transactions. The airline group said that it had been able to secure additio...
European asset manager Tikehau Capital’s subsidiary Ace Management set up the Ace Aero Partenaires fund last year, which is focused on helping companies in the aviation industry that have been severel...
British Airways has received commitments for a five-year term-loan Export Development Guarantee Facility of £2.0 billion underwritten by a syndicate of banks, partially guaranteed by UK Export Finance...
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