Embraer is “cautiously optimistic” about signing new orders this year, but is fully aware that the Covid pandemic isn’t over and that the situation can change. CEO Francisco Gomes Neto said during the earnings call presentation on March 19. The…
In a deal that looks like one from the old days of multi-billion dollar orders when there were airshows, Saudi Arabian Airlines Corporation (Saudia) has signed a $ 3.0 billion financing agreement for the purchase of 73 new aircraft. The…
Franco-Italian turboprop maker ATR suffered from a difficult 2020, with lower orders and deliveries as customers were hit by the effects of the pandemic. ATR delivered just ten aircraft compared to 68 in 2019, its Italian shareholder Leonardo reported during…
The extension of the contract that confirms Rolls-Royce as the exclusive supplier until 2030 for the Airbus A350-family is a major boost for the Derby-based engine manufacturer. It secures its return on investment on the twin-aisle program, although the Covid-crisis…
Dublin-based lessor AerCap is seeing the purchase of US-competitor GECAS as a golden opportunity to strengthen its long-term future to the benefit of both customers and investors. The two lessors’ portfolios of aircraft leasing, engine leasing, and helicopters complement each…
Cathay Pacific’s short-term outlook remains “challenging”, but the Hong Kong carrier is “absolutely confident” on the long-term future and its competitive position. Cathay Pacific Group reported a record loss of HK$-21.648 billion on March 10, which confirmed 2020 as the…