Deliveries of 31 completed ATR turboprop aircraft compared to ten in 2020 have helped to reduce losses for its Italian shareholder Leonardo, but overall the company and Tier 1 supplier to Airbus and Boeing can look back at a difficult…
UPDATE – Lessor BOC Aviation said that eighteen aircraft with a book value of $935 million may be affected by the sanctions on Russia. It is too early to say if this means that it won’t be able to repossess these…
Airbus has signed an agreement with its long-term Tier 1-supplier Spirit AeroSystems on the development and manufacturing of the wings for the CityAirbus NextGen. The revised version of Airbus’ eVTOL vehicle is scheduled to make its first flight in 2023. Airbus…
UPDATE – Embraer expects to increase its commercial aircraft deliveries this year to between 60 and 70, up from 48 in 2021. While higher, its guidance is still well below deliveries in previous years. The Brazilian airframer reduced its losses last…
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Despite an “extremely challenging” start to 2022, Cathay Pacific is “resolutely committed” to protecting its position as a leading airline at its Hong Kong hub. “We have absolute confidence in the long-term future of Hong Kong. Everything we do at Cathay…