Brazilian airframer Embraer reported a $-217.5 million loss for 2019 on March 26, over four times worse compared to the $-54.2 million loss in the previous year. Net loss attributable to shareholders is even worse at -322.3 million compared to…
News The outbreak of the COVID-19 Coronavirus that began in Wuhan, China, has been largely contained within China due to actions to quarantine the area to reduce exposure to spreading the disease via human to human contact. Nonetheless, travelers did…
Airbus Tier-1 supplier Premium AEROTEC is to slash its workforce by some 1.450 cross all its German sites in an effort to reduce costs and remain competitive, a spokesperson of the company tells Airinsight. PA is currently in talks with…
Boeing ended 2019 with a net loss of $636 million, down from a $10.460 billion profit the previous year, reflecting the annus horribilis that followed the MAX-issues. Commercial Airplanes suffered most, recording a net los for the full year of…
The future of electric powered aircraft took a major step this week. On Tuesday December 10, Harbour Air CEO and Founder Greg McDougall took a modified de Havilland Beaver floatplane off the Frasier River next to Vancouver International Airport on…
Dassault Aviation is on-track for a 2020 launch of its latest business jet-model, the 6X. The French airframer showcases a model and mock-up of the new aircraft at this week’s Dubai Air Show. Head of communications Vadim Feldzer isn’t willing…