Return of the MAX
Yesterday the FAA issued its list of four key items on the MAX that need to be fixed and asked for public comment. You can see the FAA’s 96-page preliminary document here. This is the event the industry has been…
Tag A320NEO
Airbus HY1: €1.919 billion net loss – A350 rate down to 5 per month
The half-year 1-results of Airbus clearly reflect the crisis the aerospace sector is in now, with the European airframer reporting a net loss of EUR -1.919 billion on July 30. This compares to a €1.197 billion profit for the same…
Southwest, Spirit, and Alaska in the same boat in Q2
Unsurprisingly, Southwest Airlines and Spirit Airlines have also reported Q2 losses, both announcing their results on July 23. Southwest recorded a net loss of $-915 million or even $-1.5 billion without special items, Spirit a $-144.4 million net loss. Alaska…
Auditor voices concerns over AirAsia’s financial stability
The outlook for AirAsia, one of Asia’s biggest low-cost airlines, has received a serious dent after external auditor Ernest & Young issued an unqualified audit opinion about the ability of the airline as a going concern. The impact of the…
Avolon deletes more MAX from its order book
Aircraft lessor Avolon has confirmed it has canceled more orders for the Boeing MAX. In its Q2-update, the Dublin-based lessor says it has removed commitments for 27 MAX in its 2020-2022 timeframe. These are additional to the 75 aircraft canceled…
Airbus to slash 15.000 positions
Airbus is to slash 15.000 positions before mid-2021 as it adapts to revised market conditions. The European airframer said on June 30 it needs to resize following a forty percent reduction in production after Covid-19. The announcement was expected only…